Choosing a broker for investing in the US
Posted: February 1st, 2018, 4:12 pm
Hi everyone
I've been trying to find the best platform for investing in US stocks and bonds. I am aiming for a passive portfolio which will probably constitute of either ETFs in stocks and bonds or I will go for an individual government bond/stock split with enough diversification. Either way I will probably be making only a couple of trades a year.
My situation is a bit difficult because I am citizen of an European country but I am not yet a UK resident. I could, however, become one since I will be taking a job in London starting from this summer.
My options:
I recently found out about the ISA brokerage accounts and the tax benefits and could potentially qualify for one of those.In addition it could be easier to deal with taxation. However, I have also been looking at TD Ameritrade and they seem to offer lower fees than the UK brokerages with access to the US market. If I register a TD Ameritrade account, I wouldn't get the tax benefits from the ISA but I would be able to take advantage of their fee structure and access to the US market.
What would you do if you were in my position and what would the taxation hassle in either option be?
I've been trying to find the best platform for investing in US stocks and bonds. I am aiming for a passive portfolio which will probably constitute of either ETFs in stocks and bonds or I will go for an individual government bond/stock split with enough diversification. Either way I will probably be making only a couple of trades a year.
My situation is a bit difficult because I am citizen of an European country but I am not yet a UK resident. I could, however, become one since I will be taking a job in London starting from this summer.
My options:
I recently found out about the ISA brokerage accounts and the tax benefits and could potentially qualify for one of those.In addition it could be easier to deal with taxation. However, I have also been looking at TD Ameritrade and they seem to offer lower fees than the UK brokerages with access to the US market. If I register a TD Ameritrade account, I wouldn't get the tax benefits from the ISA but I would be able to take advantage of their fee structure and access to the US market.
What would you do if you were in my position and what would the taxation hassle in either option be?