Hey all,
I am an expat living in Australia and am looking for a low-fee online stock brokerage company. My goal is to:
- invest about $1000/month (or hold off, and invest quarterly lump-sums)
- be able to invest in international stocks (US, Canada, Europe, Asia etc)
- would like to convert to US dollars if needed (cheaply)
- have a decent user interface (I'm a newbie, so simple is good)
- mainly invest in index/etf funds
- the goal is to buy and hold with my investments (long term)
Any suggestions as to what brokerage is appreciated, and if anyone knows of the tax implications of having US money invested, I'd love to hear more about it.
A side note, I am with CommonWealth, and it looks like their fees are pretty high in comparison. I am also looking to invest in my super, but don't know about the implications if I decide to leave the country at some point (the taxation is about 60% to withdraw funds).
Any suggestions are appreciated.
Thanks.