🔵 Open Your Interactive Brokers Account My personal broker of choice where I hold the majority of my investments smartmoneywithkai.com/ibkr ⚪ Looking for more details on Interactive Brokers? Read the full review here www.matchmybroker.com/reviews/interactive-brokers
Hi and great. I can't give financial advise as to what you should do, but from the one's you listed, I would personally definitely go with VOO, set it and forget it 👌 Cheers
Not necessarily though there is a fair amount of overlap but that’s not necessarily a negative. Having a diverse portfolio is KEY; that being said my initial deposit of a hundred K has grown to over $690K in only just eight months :)
I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!!!
Hi and thanks a lot. Interactive Brokers charges: ETFs: No holding fees. U.S.-listed ETFs may have commission-free trading, while others typically cost $0.005/share (minimum $1). CFDs: Overnight financing fees apply, calculated as the benchmark rate ±1.5%. Commissions vary by region, e.g., 0.05% of trade value for European CFDs (minimum €4). While ETFs have no holding costs, CFDs incur financing charges, making them less ideal for long-term holding. Always check IBKR’s pricing for the latest details. Cheers
Things I've noticed in IBKR. Fractional shares are much more expensive to buy than whole shares, in my case with VWCE shares are not that expensive so this isn't a problem, but the fees would be higher if i bought fractional instead. Using market buy order requires a hidden extra amount of available funds or it doesn't allow you to buy, around 5-10% more than the actual cost of your orders. Limit orders don't require this so you can have less leftover cash after buying.
Hi 👋 Thanks for sharing your insights about using IBKR. Good point on the fractional shares, it seems to depend a bit on the exchange where you buy it. In London, I did not notice a difference. Where are you buying yours? Didn't know about the extra funds needed as I always had some cushion sitting in my account, that's why market order works well for me, but good to know if you plan to invest all at once. Thanks for sharing 🙌 Cheers, Kai
Hi, i have a couple of questions: in your video - you selected S&P 500 on the LSE - and you bought in USD, would you not buy in GBP? I want o buy ETF's using GBP as i am British. Also, I have read that i should ensure my ETF are accumulative as it is better for long term trades (which i want) -- From my understanding, any gains are invested back and accumulated -- How do i buy these and how do i ensure the ETF supports these? Thanks
Hi Rob, great questions. I chose to buy the S&P 500 in USD on the LSE to avoid currency conversion costs since the underlying assets are in USD. However, if you’d rather keep things straightforward with GBP and avoid currency fluctuations, buying in GBP might suit you better. Both approaches are fine; it just depends on what aligns with your financial strategy. As for accumulating versus distributing ETFs: I personally prefer distributing ETFs because I enjoy receiving dividends as an income stream without needing to sell shares down the line. I can reinvest these dividends immediately if I want, and if there’s no tax difference, the choice really comes down to personal preference. Accumulating ETFs automatically reinvest dividends, which can be great for building wealth passively. To ensure an ETF is accumulative, just look for ‘Acc’ or ‘Accumulation’ in the fund name - platforms usually display this clearly. Hope this helps. Cheers
@@SmartMoneywithKai Thanks for your message! If i want to invest in LSE - and i don't want currency conversion charges, would i need to invest using USD or can i invest in GBP? If there are charges, which markets are GBP? Sorry, very new to all this. I am looking to invest and leave for a number of years. I don't want the gains, i am happy to leave and hope it accumulates over a period of years - would you agree that selecting 'Acc' would be best for this?? -- I am using mainly the mobile app, but can't find where it says 'Acc' for the ETF
Hi Rob, If you want to avoid currency conversion fees when investing on the London Stock Exchange (LSE), look for ETFs listed in GBP rather than USD. This way, if your account is in GBP, no conversion is needed. For long-term investing where you’re focused on growth, selecting an ‘Acc’ (Accumulating) ETF is ideal-it reinvests dividends back into the fund, increasing value over time. In contrast, ‘Dist’ (Distributing) ETFs pay out dividends directly. On your app, try looking at the ETF name for 'Acc' or check the fund’s details page or factsheet if it’s not immediately visible. You can use justetf.com to filter for the right ETF for your needs. Hope this helps.
@@SmartMoneywithKai Thank you for you help :D I found an ETF that uses GBP and is ACC on the website you suggested, but i am unable to see if its ACC or not from the IB app - I will keep searching. Thank you
Hello, how can i buy acc not dist ? From what i know the acc is automatically reinvest dividends. So my problem is to find out which are the acc ? thanks
Hi. To buy accumulating (acc) rather than distributing (dist) ETFs, the key is to identify the correct ticker symbols, as these are often listed differently depending on the ETF provider. Accumulating ETFs reinvest dividends automatically, while distributing ones pay out dividends directly to investors. Here’s how you can find acc ETFs: Look at the Fund Name: Accumulating ETFs usually have "Acc" in the name, while distributing ones may have "Dist" or “Inc” (income). For example, an ETF might be listed as “iShares S&P 500 Acc” or “Vanguard FTSE All-World Accumulating.” Check the ETF Factsheet: Go to the ETF provider's website (like Vanguard, iShares, or Invesco) and search for the ETF you're interested in. The factsheet or key investor information document (KIID) will specify whether the ETF is accumulating or distributing. Use ETF Screener Tools: You can use platforms like JustETF, Morningstar, or your broker’s ETF screener to filter by accumulating ETFs. Most platforms will let you sort by fund type, including dividend treatment. Once you identify the acc version, make sure you enter the correct ticker symbol when placing your buy order through your broker. If you're using a specific platform or broker, let me know, and I can help guide you through their process too. Cheers
Hi Kostas, thanks a lot and glad to hear that. Ultimately it's your choice and would recommend the currency you mostly use to avoid FX fees you would incur every time you want to buy your ETF. If you earn in EUR and later on also want to use those EUR I would suggest to just stick with that 👌 Cheers
When you see an option to buy below the current price, it's likely a limit order, which lets you set the maximum price you're willing to pay. The order only executes if the market price falls to that level, helping you avoid overpaying. Buying a fraction of a share means you can invest smaller amounts, even in high-priced stocks. It doesn't change how your investment grows-your returns are proportional to the fraction you own, making investing more accessible.
Could you potentially create a video on how to use justetf/ find ETFs, etc? That would be super useful. Also - once you do find an ETF on justetf, how would you find that same ETF on IB? Thank you, super useful content !!!
As a European investor, is there any difference for me if I buy my ETFs in euros or dollars? I also heard IB offers a 500k protection limit if I keep my investments in dollars.
Hi if you earn in EUR it might be better to invest in EUR to avoid FX fee and rate fluctuations. As for IBKR yes, this is what it says on their website 'Client securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000). In addition, Interactive Brokers LLC carries an excess SIPC policy with certain underwriters at Lloyd's of London,2 which extends the per account3 coverage by an additional $30 million (with a cash sublimit of $900,000), subject to an aggregate limit of $150 million.' Cheers
Hey Kai, great video to anyone using IBKR, I know I was a bit overwhelmed when I changed from degiro to IBKR, but I think the change is really worth it. I have a question, do you think its worth it to open a second account in IBKR to keep the currencies separate? I buy 2 ETFs with €, and then I have $ positions in different companies. My base currency is set to €, so the reports get confusing sometimes, because they always show $ and €. Have you tried having 2 accounts?
Hi 👋 Yes, it is possible to have two separate accounts with IBKR. You can open multiple accounts under the same name, but there are a few things to consider: Administrative Complexity: Managing multiple accounts can increase administrative work, such as keeping track of logins, account statements, and performance reports. That's what it says on the IBKR website. 'Yes, Interactive Advisors allows clients to open multiple client accounts., However, you do not need to open multiple accounts to invest in multiple portfolios. Please contact our Client Services team for more information.' I will keep everything in one account, just makes things easier, but of course, up to you. Cheers
Kai that was a great video and your voice is not annoying and i think it is very clear how you instruct. I don't know why some people in comments are bitching but hey we are all different. As i am new to IBKR, and seems like index fund cannot be purchased but i can purchase an ETF? What would be the difference here in IBKR when buying an ETF over Index Fund? I will be going through other videos for sure and thanks for the tips in the videos. They mean a lot. Keep up the good work and hope we exchange more Q and A here.
Hi 👋 Thanks for the kind words and support-I appreciate it! Let's clear up your question about IBKR: ETFs vs. Index Funds on IBKR: Availability: On IBKR, you might notice that index funds (like mutual funds) aren't always available, especially if you're based outside the U.S. or using a specific account type. However, ETFs are generally available across the board. Structure: ETFs trade like stocks, meaning you can buy and sell them throughout the trading day at market prices. Index funds, on the other hand, only trade at the end-of-day net asset value (NAV). Flexibility: ETFs offer more flexibility in terms of trading, and there’s no minimum investment other than the price of a single share. Index funds often have minimum investment requirements and are better suited for automatic, regular investments. In short, if you can’t buy an index fund on IBKR, grabbing an ETF like SPY5 is a great alternative to get similar market exposure. Cheers
Inside of IBKR it's not always shown, would recommend to go to Vanguard directly to look it up or use this website www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80 Cheers
Hi and yes, if you are allowed to depending on your residency, for example EU citizen's cannot buy that directly so we need to buy the UCITS version of VOO registered in Ireland which would be VUSA, very similar though. Cheers
Even on Tiered pricing, I’m getting 1% commissions when trying to buy VWCE in DE. Is that normal? E.g 40 shares at 121.38 EUR (Limit Bid) has 55 EUR in commissions
Hi and no, that seems excessive. You are buying full shares? Sometimes fractional one's are more but I've never ever seen such a high commission charged. Maybe reach out to their support to see what happened there. Cheers
@@SmartMoneywithKai Thank you! Was trying to buy full shares - have reached out to support. Was your transfer from T212 to IBKR successful? Being able to help avoid the commissions would be massive!
Hi there, you can check this video ruclips.net/video/Q1sjGimAgJo/видео.html, this was from Trading 212 to IBKR, but you can apply the same principle to any other broker that is listed there 👌 Cheers
In y experience the account set-up is very complicated. I don't even get to see the first page (portfolio) shown in this video. I have funds with IKBR but nothing shows in my portfolio. It literally says "No Data". TEverything is blank. The only way I can see the funds that I put in is the page where I have the option to transfer them out. Thats it. I cannot buy any stock - it wont let me click the Buy button. Nothing works. Any they are unable to provide any support.
It sounds like you've had a frustrating experience, and that's definitely not how things should be working. With IBKR, there can be a bit of a learning curve, but it shouldn’t be as complicated as you're describing. If you're seeing "No Data," it could be due to account verification issues or unsettled funds. I'd recommend checking if your account is fully verified and that all deposits have settled. Sometimes, the Buy button is grayed out if there's an incomplete setup or a pending transfer. If support hasn’t been helpful, maybe try their live chat or community forums for quicker help.
Do you know how taxes work if you make a profit on your ETFs as an expat? For example, I am an Aussie living in the Philippines and plan to buy an Ireland domiciled ETF like VUAA. If I sell my ETF after a year or two, and make a profit, who do I need to report this profit to? Or is the tax automatically deducted at the time of sale?
Hi 👋 Great question! As an Aussie living in the Philippines, here’s a quick breakdown: Ireland Domiciled ETFs: These ETFs are structured to minimize withholding tax on dividends, but capital gains tax depends on your residency. Philippines: Since you're living there, you generally report and pay taxes on worldwide income, including profits from ETFs. Australia: As an expat, if you’re classified as a non-resident for tax purposes, you usually don’t pay Australian tax on overseas investments. But double-check with an accountant to confirm your residency status. Automatic Deductions: Typically, taxes aren’t automatically deducted when you sell an ETF. You’ll need to declare the profit when you file taxes in the Philippines. But I am not a tax expert so double check this. Cheers
Judging by your accent you're German, right? How did you manage to get around the issue with the required KID on IBKR for QQQ? I am Austrian, and I couldn't figure a way to make this work for me as an EEA resident. I'd be super curious how you did it. :)
AS US expat living in the Philippines, I can not longer trade on Schwab. I am looking at IABK as a substitute. IABK is nothing like Schwab. Very different. In a scary way. I just want to hold ETFs and 3 stocks. That is all. You are into so many positions, I found this YT very complicated
Hi there, never used Schwab so can't comment, but yes IBKR does have a little learning curve, but once you got it, it's super powerful. Plus you can use their global trader app which is much more intuitive and easy to use. As for my portfolio, I did like you, reduced a lot, now only one stock and one ETF, made an update video on it here. ruclips.net/video/1lqfDra6iVw/видео.html Cheers
@@fethryduck You are right, I would have probably had over 1 million if only I didn’t use my hands, oh well, that’s life. Stay positive my friend and happy weekend 👋
@@SmartMoneywithKai Sure over 1 Million. The way you argue is interesting. I am pretty sure you think you are right. Guess you are a German and if anyone in front of you talk this style you think it is normal? Maybe if you talk less with your Arms and work on your Camera Appearance you would have 25000 or 40000 Followers. But the Way you argue show me that you are extremely convinced from yourself and Arguments can't convince you. GL
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🔵 Open Your Interactive Brokers Account
My personal broker of choice where I hold the majority of my investments
smartmoneywithkai.com/ibkr
⚪ Looking for more details on Interactive Brokers? Read the full review here
www.matchmybroker.com/reviews/interactive-brokers
I have a 3 fund portfolio but I have finally decided to invest in ETFs, alongside. I’m looking at SCHD, VOO, XLK or SCHG.
Hi and great. I can't give financial advise as to what you should do, but from the one's you listed, I would personally definitely go with VOO, set it and forget it 👌 Cheers
Great picks! I like XLK and SCHD equally!
@@mEAngurrrrl thank you! Actually, would it be silly to have both?
Not necessarily though there is a fair amount of overlap but that’s not necessarily a negative. Having a diverse portfolio is KEY; that being said my initial deposit of a hundred K has grown to over $690K in only just eight months :)
I lost a lot chasing individual stocks and I feel pretty stupid for not understanding how investing works. I have a double major in economics but I’ve been trying to make sense of the market. Well done on profits!!!
Thank you. have you made a video on buying and selling commission and do they charge for holing your ETF, CFD for longer period?
Hi and thanks a lot. Interactive Brokers charges:
ETFs: No holding fees. U.S.-listed ETFs may have commission-free trading, while others typically cost $0.005/share (minimum $1).
CFDs: Overnight financing fees apply, calculated as the benchmark rate ±1.5%. Commissions vary by region, e.g., 0.05% of trade value for European CFDs (minimum €4).
While ETFs have no holding costs, CFDs incur financing charges, making them less ideal for long-term holding. Always check IBKR’s pricing for the latest details. Cheers
Things I've noticed in IBKR.
Fractional shares are much more expensive to buy than whole shares, in my case with VWCE shares are not that expensive so this isn't a problem, but the fees would be higher if i bought fractional instead.
Using market buy order requires a hidden extra amount of available funds or it doesn't allow you to buy, around 5-10% more than the actual cost of your orders. Limit orders don't require this so you can have less leftover cash after buying.
Hi 👋
Thanks for sharing your insights about using IBKR.
Good point on the fractional shares, it seems to depend a bit on the exchange where you buy it. In London, I did not notice a difference. Where are you buying yours?
Didn't know about the extra funds needed as I always had some cushion sitting in my account, that's why market order works well for me, but good to know if you plan to invest all at once.
Thanks for sharing 🙌
Cheers,
Kai
Hi, i have a couple of questions:
in your video - you selected S&P 500 on the LSE - and you bought in USD, would you not buy in GBP? I want o buy ETF's using GBP as i am British.
Also, I have read that i should ensure my ETF are accumulative as it is better for long term trades (which i want) -- From my understanding, any gains are invested back and accumulated -- How do i buy these and how do i ensure the ETF supports these?
Thanks
Hi Rob, great questions.
I chose to buy the S&P 500 in USD on the LSE to avoid currency conversion costs since the underlying assets are in USD. However, if you’d rather keep things straightforward with GBP and avoid currency fluctuations, buying in GBP might suit you better. Both approaches are fine; it just depends on what aligns with your financial strategy.
As for accumulating versus distributing ETFs: I personally prefer distributing ETFs because I enjoy receiving dividends as an income stream without needing to sell shares down the line. I can reinvest these dividends immediately if I want, and if there’s no tax difference, the choice really comes down to personal preference. Accumulating ETFs automatically reinvest dividends, which can be great for building wealth passively. To ensure an ETF is accumulative, just look for ‘Acc’ or ‘Accumulation’ in the fund name - platforms usually display this clearly.
Hope this helps. Cheers
@@SmartMoneywithKai Thanks for your message! If i want to invest in LSE - and i don't want currency conversion charges, would i need to invest using USD or can i invest in GBP? If there are charges, which markets are GBP? Sorry, very new to all this.
I am looking to invest and leave for a number of years. I don't want the gains, i am happy to leave and hope it accumulates over a period of years - would you agree that selecting 'Acc' would be best for this?? -- I am using mainly the mobile app, but can't find where it says 'Acc' for the ETF
Hi Rob,
If you want to avoid currency conversion fees when investing on the London Stock Exchange (LSE), look for ETFs listed in GBP rather than USD. This way, if your account is in GBP, no conversion is needed.
For long-term investing where you’re focused on growth, selecting an ‘Acc’ (Accumulating) ETF is ideal-it reinvests dividends back into the fund, increasing value over time. In contrast, ‘Dist’ (Distributing) ETFs pay out dividends directly.
On your app, try looking at the ETF name for 'Acc' or check the fund’s details page or factsheet if it’s not immediately visible.
You can use justetf.com to filter for the right ETF for your needs.
Hope this helps.
@@SmartMoneywithKai Thank you for you help :D I found an ETF that uses GBP and is ACC on the website you suggested, but i am unable to see if its ACC or not from the IB app - I will keep searching. Thank you
Hello, how can i buy acc not dist ? From what i know the acc is automatically reinvest dividends. So my problem is to find out which are the acc ? thanks
Hi. To buy accumulating (acc) rather than distributing (dist) ETFs, the key is to identify the correct ticker symbols, as these are often listed differently depending on the ETF provider. Accumulating ETFs reinvest dividends automatically, while distributing ones pay out dividends directly to investors.
Here’s how you can find acc ETFs:
Look at the Fund Name: Accumulating ETFs usually have "Acc" in the name, while distributing ones may have "Dist" or “Inc” (income). For example, an ETF might be listed as “iShares S&P 500 Acc” or “Vanguard FTSE All-World Accumulating.”
Check the ETF Factsheet: Go to the ETF provider's website (like Vanguard, iShares, or Invesco) and search for the ETF you're interested in. The factsheet or key investor information document (KIID) will specify whether the ETF is accumulating or distributing.
Use ETF Screener Tools: You can use platforms like JustETF, Morningstar, or your broker’s ETF screener to filter by accumulating ETFs. Most platforms will let you sort by fund type, including dividend treatment.
Once you identify the acc version, make sure you enter the correct ticker symbol when placing your buy order through your broker.
If you're using a specific platform or broker, let me know, and I can help guide you through their process too. Cheers
Hello great video really helpful, had a query that can i buy VOO in IB while in pakistan/South Asia or is there any other version for it available
Hi and yes, you could be VUSA instead, same as VOO but registered in Ireland so non US-citizens can buy it easily 👌
Amazing video! Thank you for clarifying this topic!
Does it have a difference if i buy my etf with euro or dollar??
Hi Kostas, thanks a lot and glad to hear that. Ultimately it's your choice and would recommend the currency you mostly use to avoid FX fees you would incur every time you want to buy your ETF. If you earn in EUR and later on also want to use those EUR I would suggest to just stick with that 👌 Cheers
I don't understand why there is an option to buy below the price. How does buying a fraction of a share affect your investment?
When you see an option to buy below the current price, it's likely a limit order, which lets you set the maximum price you're willing to pay. The order only executes if the market price falls to that level, helping you avoid overpaying.
Buying a fraction of a share means you can invest smaller amounts, even in high-priced stocks. It doesn't change how your investment grows-your returns are proportional to the fraction you own, making investing more accessible.
Could you potentially create a video on how to use justetf/ find ETFs, etc? That would be super useful. Also - once you do find an ETF on justetf, how would you find that same ETF on IB? Thank you, super useful content !!!
Hi and great idea, will definitly keep that in mind. Thank you
As a European investor, is there any difference for me if I buy my ETFs in euros or dollars? I also heard IB offers a 500k protection limit if I keep my investments in dollars.
Hi if you earn in EUR it might be better to invest in EUR to avoid FX fee and rate fluctuations. As for IBKR yes, this is what it says on their website 'Client securities accounts at Interactive Brokers LLC are protected by the Securities Investor Protection Corporation ("SIPC") for a maximum coverage of $500,000 (with a cash sublimit of $250,000). In addition, Interactive Brokers LLC carries an excess SIPC policy with certain underwriters at Lloyd's of London,2 which extends the per account3 coverage by an additional $30 million (with a cash sublimit of $900,000), subject to an aggregate limit of $150 million.' Cheers
Hey Kai, great video to anyone using IBKR, I know I was a bit overwhelmed when I changed from degiro to IBKR, but I think the change is really worth it.
I have a question, do you think its worth it to open a second account in IBKR to keep the currencies separate? I buy 2 ETFs with €, and then I have $ positions in different companies. My base currency is set to €, so the reports get confusing sometimes, because they always show $ and €. Have you tried having 2 accounts?
Great question as I was just wondering the same. I would do that if I could. Will wait on the answer!
Hi 👋
Yes, it is possible to have two separate accounts with IBKR. You can open multiple accounts under the same name, but there are a few things to consider:
Administrative Complexity: Managing multiple accounts can increase administrative work, such as keeping track of logins, account statements, and performance reports.
That's what it says on the IBKR website. 'Yes, Interactive Advisors allows clients to open multiple client accounts., However, you do not need to open multiple accounts to invest in multiple portfolios. Please contact our Client Services team for more information.'
I will keep everything in one account, just makes things easier, but of course, up to you. Cheers
Hi Carla, just answered 😉 Yes, you can 👌 Cheers
@@SmartMoneywithKaifantastic, thanks so much!
Kai that was a great video and your voice is not annoying and i think it is very clear how you instruct. I don't know why some people in comments are bitching but hey we are all different. As i am new to IBKR, and seems like index fund cannot be purchased but i can purchase an ETF? What would be the difference here in IBKR when buying an ETF over Index Fund?
I will be going through other videos for sure and thanks for the tips in the videos. They mean a lot. Keep up the good work and hope we exchange more Q and A here.
Hi 👋
Thanks for the kind words and support-I appreciate it! Let's clear up your question about IBKR:
ETFs vs. Index Funds on IBKR:
Availability: On IBKR, you might notice that index funds (like mutual funds) aren't always available, especially if you're based outside the U.S. or using a specific account type. However, ETFs are generally available across the board.
Structure: ETFs trade like stocks, meaning you can buy and sell them throughout the trading day at market prices. Index funds, on the other hand, only trade at the end-of-day net asset value (NAV).
Flexibility: ETFs offer more flexibility in terms of trading, and there’s no minimum investment other than the price of a single share. Index funds often have minimum investment requirements and are better suited for automatic, regular investments.
In short, if you can’t buy an index fund on IBKR, grabbing an ETF like SPY5 is a great alternative to get similar market exposure.
Cheers
@@SmartMoneywithKai Thanks Kai what a reply. Appreciate it.
amazing video and super helpful thank you!!
Thanks a lot Violeta, glad to hear that 🙌
Just getting used to IBKR. How can I tell the costs of my current ETF? (VWRA)
Inside of IBKR it's not always shown, would recommend to go to Vanguard directly to look it up or use this website www.justetf.com/en/etf-profile.html?isin=IE00BK5BQT80 Cheers
can i buy VOO in IBKR?
Hi and yes, if you are allowed to depending on your residency, for example EU citizen's cannot buy that directly so we need to buy the UCITS version of VOO registered in Ireland which would be VUSA, very similar though. Cheers
Even on Tiered pricing, I’m getting 1% commissions when trying to buy VWCE in DE. Is that normal? E.g 40 shares at 121.38 EUR (Limit Bid) has 55 EUR in commissions
Hi and no, that seems excessive. You are buying full shares? Sometimes fractional one's are more but I've never ever seen such a high commission charged. Maybe reach out to their support to see what happened there. Cheers
@@SmartMoneywithKai Thank you! Was trying to buy full shares - have reached out to support. Was your transfer from T212 to IBKR successful? Being able to help avoid the commissions would be massive!
Yea but sadly still pending and not sure it'll go through from T212 side...for now, I think they will add it eventually 👌
Can you make a video on how to move a portfolio from degiro to IB, trade212 or even TR and how to avoid transfer fee from degiro?
Hi there, you can check this video ruclips.net/video/Q1sjGimAgJo/видео.html, this was from Trading 212 to IBKR, but you can apply the same principle to any other broker that is listed there 👌 Cheers
I see ibkr fee for buying vusa ~9€ its about 10%. Why it's that expensive?
In y experience the account set-up is very complicated. I don't even get to see the first page (portfolio) shown in this video. I have funds with IKBR but nothing shows in my portfolio. It literally says "No Data". TEverything is blank. The only way I can see the funds that I put in is the page where I have the option to transfer them out. Thats it. I cannot buy any stock - it wont let me click the Buy button. Nothing works. Any they are unable to provide any support.
It sounds like you've had a frustrating experience, and that's definitely not how things should be working. With IBKR, there can be a bit of a learning curve, but it shouldn’t be as complicated as you're describing. If you're seeing "No Data," it could be due to account verification issues or unsettled funds. I'd recommend checking if your account is fully verified and that all deposits have settled. Sometimes, the Buy button is grayed out if there's an incomplete setup or a pending transfer. If support hasn’t been helpful, maybe try their live chat or community forums for quicker help.
Do you know how taxes work if you make a profit on your ETFs as an expat? For example, I am an Aussie living in the Philippines and plan to buy an Ireland domiciled ETF like VUAA. If I sell my ETF after a year or two, and make a profit, who do I need to report this profit to? Or is the tax automatically deducted at the time of sale?
Hi 👋
Great question! As an Aussie living in the Philippines, here’s a quick breakdown:
Ireland Domiciled ETFs: These ETFs are structured to minimize withholding tax on dividends, but capital gains tax depends on your residency.
Philippines: Since you're living there, you generally report and pay taxes on worldwide income, including profits from ETFs.
Australia: As an expat, if you’re classified as a non-resident for tax purposes, you usually don’t pay Australian tax on overseas investments. But double-check with an accountant to confirm your residency status.
Automatic Deductions: Typically, taxes aren’t automatically deducted when you sell an ETF. You’ll need to declare the profit when you file taxes in the Philippines.
But I am not a tax expert so double check this. Cheers
Sir would you please help me how i open my account at ibkr because they rejected my application
Hi I have no control over that, best to write to their support directly 👌
Where is Ibkr office located in Dubai
As I understand they plan to open in DIFC👌
Judging by your accent you're German, right? How did you manage to get around the issue with the required KID on IBKR for QQQ?
I am Austrian, and I couldn't figure a way to make this work for me as an EEA resident. I'd be super curious how you did it. :)
Hi, you can't buy QQQ from Europe, you can however buy EQQQ, they recently launched the EU version of QQQ and you can buy that one on IBKR 👌
@@SmartMoneywithKai amazing, thanks for your reply
It would have been better if you divided the video in the description
AS US expat living in the Philippines, I can not longer trade on Schwab. I am looking at IABK as a substitute. IABK is nothing like Schwab. Very different. In a scary way. I just want to hold ETFs and 3 stocks. That is all. You are into so many positions, I found this YT very complicated
Hi there, never used Schwab so can't comment, but yes IBKR does have a little learning curve, but once you got it, it's super powerful. Plus you can use their global trader app which is much more intuitive and easy to use. As for my portfolio, I did like you, reduced a lot, now only one stock and one ETF, made an update video on it here. ruclips.net/video/1lqfDra6iVw/видео.html Cheers
Really helpfull, thanks Kai :)
Awesome to hear and my pleasure Ricardo 🙌
Tell me youre German, without, telling me, youre German 🙃
You got me, I organize my sock drawer by color, brand, and length. And I have an Excel sheet for my vacation plans that I update bi-weekly. 😂
You should move less with your Arms. That's annoying and no one in TV do it so extreme.
I guess that’s why I am not on TV 😉 Thanks for watching ✌️
@@SmartMoneywithKai I guess that's why you just have 17000 Follower 😉🖖
@@fethryduck You are right, I would have probably had over 1 million if only I didn’t use my hands, oh well, that’s life. Stay positive my friend and happy weekend 👋
@@SmartMoneywithKai Sure over 1 Million. The way you argue is interesting. I am pretty sure you think you are right. Guess you are a German and if anyone in front of you talk this style you think it is normal?
Maybe if you talk less with your Arms and work on your Camera Appearance you would have 25000 or 40000 Followers. But the Way you argue show me that you are extremely convinced from yourself and Arguments can't convince you. GL
@@fethryduck 😉✌️