Ah thats good to know I just figured out that I can indeed buy VT through my broker (Strateo). I also learned that it comes with a bit more work on the tax-front as I need to fill in two different forms to reduce the taxes imposed.
Is there any disadvantage that I haven’t thought about yet when buying VT (an US fund) through a Swiss broker (Strateo) ? Still kinda insecure as most of you are with IB.
find most important tax stuff here
the three dominating differences (afaik) with swiss brokers are
- the trading fees are 2 orders of magnitude higher
- if you are unlucky your broker is not “qualified” and can’t issue the w8-ben (15% reduction on us witholding tax)
- you pay stamp tax 0.15% on top of commissions
there are a few others, but these are the prominent ones
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Alright thanks. I’ll contact my broker to ask if they qualify.
Strateo does not qualify for W-8BEN if anyone wondered.
Does anybody know how to balance those three? Is there some updated data available somewere? Ideally directly from MCSI…
Yes, look here:
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Thanks. I think that should actually be pinned, and even documented over in our and Bogleheads wiki… Seems like very useful and important information.