I am a newbie in this world of personal finance and currently looking into Vanguard Life Strategy Funds. I live in Switzerland but I will most likely move out in about 10 years to a Eurozone country. I have an account with TDAmeritrade but haven’t used it yet.
You would agree that I would be better off buying these funds in euros rather than in USD, knowing that someday I will have to convert the USD into EURs anyway? In that case I should probably forget TDAmeritrade and focus on Degiro or IB.
A part from the one Vanguard Life Strategy fund, I would like to invest in ETFs and stocks.
I am quite confused about which broker to choose because there are still some questions in my mind:
- IB and Degiro are European based so they will/have stop trading US based ETFs and Funds because of PRIIPs (Degiro has already done this. IB not sure)
- TD nor Degiro provide fractional shares (true). IB does for US stocks.
- IB for small accounts is a bit more expensive (I have read the comparison on The PoorSwiss)
- Tax wise it would be the same using either one of the 3: TD, Degiro, IB (I believe it’s true but still not sure)
- Currency exchange wise, it’s better to stick to Degiro or IB (Almost sure ?)
- Platform wise: I like TDAmetritrade website and apps and I enjoy using Thinkorswim for research
- I really would like to avoid using more than one broker
- Degiro is more limited in products and tools for research.
- PRIIPs are a mess…
I would appreciate your thoughts and help.
Thank you in advance.