Row 17734

Row ID: 17734 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 17734 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

It's probably even easier than that. Most countries have local ETFs that track the same US indexes, like S&P500 etc. EU definitely has those. This way you don't have to bother with W8-BEN and international money transfers. They deal with taxes for you (most countries, unlike the US, withhold taxes on investments at source, and using a US-based brokerage will trigger a filing requirement that most people don't have), you have access to your bank's service reps in your language, etc. There is zero reason to use US-based brokerages from abroad.

You can even invest in individual shares, local brokerages work with US-based brokerages (usually IB) transparently on the backend, and make the fact that you're trading on NYSE completely transparent. In my home country, my brokerage would charge $0.02 per unit when a transaction involved US stock (yes, per unit commission is weird, I know).

FieldValue
text It's probably even easier than that. Most countries have local ETFs that track the same US indexes, like S&P500 etc. EU definitely has those. This way you don't have to bother with W8-BEN and international money transfers. They deal with taxes for you (most countries, unlike the US, withhold taxes on investments at source, and using a US-based brokerage will trigger a filing requirement that most people don't have), you have access to your bank's service reps in your language, etc. There is zero…
label r/investing
dataType comment
communityName r/investing
datetime 2024-05-20
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Raw Record

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  "text": "It's probably even easier than that. Most countries have local ETFs that track the same US indexes, like S&P500 etc. EU definitely has those. This way you don't have to bother with W8-BEN and international money transfers. They deal with taxes for you (most countries, unlike the US, withhold taxes on investments at source, and using a US-based brokerage will trigger a filing requirement that most people don't have), you have access to your bank's service reps in your language, etc. There is zero reason to use US-based brokerages from abroad.\n\nYou can even invest in individual shares, local brokerages work with US-based brokerages (usually IB) transparently on the backend, and make the fact that you're trading on NYSE completely transparent. In my home country, my brokerage would charge $0.02 per unit when a transaction involved US stock (yes, per unit commission is weird, I know).",
  "label": "r/investing",
  "dataType": "comment",
  "communityName": "r/investing",
  "datetime": "2024-05-20",
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Entry Information