Automatic Investment Plan - Non U.S resident
Automatic Investment Plan - Non U.S resident
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blended · External communityPost link
External question — Personal Finance Stack Exchange
Author: blended
Original post: https://money.stackexchange.com/questions/41863
License: CC BY-SA 3.0 — https://creativecommons.org/licenses/by-sa/3.0/
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I am looking for any options to invest small amounts each month/quarter without commissions eating me up.
As a U.S. resident and investing in a Mutual Fund, this is no problem. AIP programs
Non U.S. residents (like me), are not allowed to invest in Mutual Funds at least directly without a broker account (the ones that allow this require minimum capital of 100 k)
My "work around" this far was to open a broker account, 1. bank transfer commissions 2. convert currency in dollars (forex commissions) 3. buy an ETF (commissions again)
Are there any publicly traded Mutual Funds?
Is there any way to invest small amounts frequently without so many commissions?
I am E.U. resident if this helps.
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Pepone · External communityPost link
External answer — Personal Finance Stack Exchange
Author: Pepone
Original post: https://money.stackexchange.com/a/41872
License: CC BY-SA 3.0 — https://creativecommons.org/licenses/by-sa/3.0/
Adaptation: HTML converted to plain text; contact email addresses removed.
Are there any non publicly traded mutual funds? and why do you want to invest direct in the USA you know you will have to deal with the IRS as well as your own tax body?
One solution would be to invest in shares in investment companies (investment trusts)either in the USA or in the Eu
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