How to buy S&P500, tech, bonds and commodities ETFs on IBKR as US or non-US citizen
Open an IBKR account, then buy:
S&P500
If US citizen: buy VOO
If non-US citizen: buy VUAA on LSEETF (search VUAA on IBKR)
Tech
If you want more tech exposure (more gains but more risk), if US buy QQQ, if non-US buy XUTC
Bonds
If you want to keep some money safe put it in bonds, but that also has an ETF, if US buy SGOV, if non-US buy IB01
Commodities (e.g. materials)
Want gold? If US buy IAU, non-US by RMAU
Why difference US vs non-US citizen investing?
It's cheaper: Irish-domiciled UCITS ETFs generally pay 15% US withholding tax on dividends from US companies, compared to 30% for funds without equivalent treaty access
The only proven thing in investment is that diversification works, you have less gains but less risk, ask AI how to build a nice mix of ETFs, bonds, commodities, real estate/land (p.s. ETFs are categorized as stocks cause they're just a basket of stocks), generally you want to not buy individual stocks with most of your money because it's super volatile and you're betting. It can go both ways, I bet NVIDIA in 2022 and made lots of money but I also bet Alibaba before Jack Ma was arrested and lost 90%!
This is not financial advice
If you want to invest in startups, don't invest over 5-10% of your portfolio
It's high risk and has negative return generally, but if you get a hit (1 in 100 to 1 in 1000) odds you might get it all back and much more!
P.S. I'm on 𝕏 too if you'd like to follow more of my stories. And I wrote a book called MAKE about building startups without funding. See a list of my stories or contact me.
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