Hi folks,
I'm reading MMM for a while now and finally started investing.
I do not live in US but SA and my options for investing are limited, cannot open Vanguard, most brokers in US do not want to open the account for me, etc...
I finally found out the broker in US that wanted to open an account for me and started buying Vanguard ETFs...
I get charged $15 for ETF transaction.
I purchase VTI, VXUS, BND, not all at once but each month one of them to save on the fee, so by the end of the year I would have ~70% VTI, ~20% VXUS, ~10% BND or close to that.
I got an option to purchase SCHB, SCHF and SCHZ without the $15 fee, but they are not Vanguard but Schwab. Currently Schwab offers lower fee for their VTIs than Vanguard also.
I am a big fan of Vanguard and still pay the transaction fee and currency transfers etc...
What do you think, should I continue buying Vanguard and paying $15 for each transaction, pay higher fee or switch to Schwab for free purchases and lower fee (who knows for how long)?
SCHB (0.03%) instead VTI (0.05%), SCHF (0.08%) instead VXUS (0.11%), SCHZ (0.05%) instead BND (0.06%) and no purchase fee ($15)?
They are not the same as Vanguard but that is as close as it gets. Or you have any other recommendation?
Thank you.