International Investment Best Buy
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Important Information:
This calculator is for illustrative purposes only and does not reflect the performance of any specific investment. It does not take into effect the deduction of any fees or taxes. There is no guarantee that the rate of return selected can actually be achieved. Investments offering the potential for higher rates of return also involve a higher degree of risk.
Are you on track? Whatever your result, knowing where you stand today and whether you need to adjust your strategy (or priorities) are the first steps toward achieving your financial goals. Your financial advisor can work with you to build your strategy and help answer questions such as:
- What's my comfort level with risk? How does that affect my investment choices?
- If I take a more or less aggressive approach, how might this impact my return?
- What are the tax implications I need to think about?
Contact your local financial advisor to discuss what steps you can take today to get you on a path toward success in the future.
EME are a marketing brand that offers independent reviews on a range of products. To highlight the current best product that we have reviewed we have duplicated that review here to make it easier to find what we believe is the International Investment Best Buy.
However, it may not be the best for your circumstances and you should take advice if unsure. This solution is for a lump sum investment.
EME are independent and are not tied in any way to the product on this page, and nor do we receive marketing money or incentives for listing it here.
We also will update this page and section each time we find a better product (we have updated it 3 times in the last 2 years) and the latest product only became recommendable in July 2016.
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International Investment Best Buy
Expat Money Expert think the Interactive Broker trading account is the highest rated solution for most clients currently who do not require the benefit of a life insurance wrapper. It is an up-to-date 2016 offering which offers full transparency with regards to charges and funds / equities / ETF from territories such as the UK, the USA and some European bourses making it our International Investment Best Buy; ultimately, an Interactive Brokers trading account is an inexpensive pure platform solution. The loss of a half a star is purely because it does not offer an insurance tax wrapper.
For
- Full flexibility with full withdrawal or full access in the early years without penalty
- No commission, and no hidden charges
- Full transparency of costs leads to lower charges
- Provides full access to lowest cost funds, passive trackers and equities throughout the worlds markets
Against
- Not available to everyone in every country
- Outside of a pension, many countries do not recognise any tax concessions
- This is a fee driven product which must be paid at outset
- Not suitable for novices as the trading platform can be complex
| What does Interactive Brokers write about their own platform? Interactive Investors was founded in 1993 by Thomas Peterffy, an early innovator in computer-assisted trading. He introduced electronic devices to options floor trading at the Chicago Board of Trade and went on to develop related trading technologies before entering the electronic brokerage business. In 1983, the company created the first handheld computers used for trading. As Peterffy explained in a 2016 interview, the battery-powered units had touch screens for the user to input a stock price and it would produce the recommended option price, and it also tracked positions and continually repriced options on stocks. |
| Eligibility: Anyone over the age of 18 that is resident in an acceptable country. US clients are welcome with Interactive Brokers, in fact it is the only investment platform among all of the companies reviewed that welcomes US clients. |
| Life Insurance: Interactive Investors does not offer life assurance, it is a trading platform purely for investing your money with a wide range of investment options. |
| Capital Redemption: Our International Investment Best Buy has no penalties. |
| Minimums: Targeted minimum single premium is $10,000 with the aim of building the account to $100,000 as this negates the monthly charge as detailed below. Although Interactive Brokers gives you a grace period of three months before the monthly charge applies. |
| Charges: There is a choice between an “establishment charge structure” and an “annual policy charge structure”. Establishment Charge Structure: Administration charge: Other Charges: An adviser charge to manage the portfolio, this typically can be between 1 to 1.5% per annum depending on the chosen advisers charging structure and service provided. The Interactive Broker trading account can be managed completely by the client that is comfortable selecting and trading stock. Full details can be found here. |
| Are charges explicit: By explicit, it means that it is clear to see not only the charges for taking out the plan but also the cost of funds annually, any upfront fund costs. No penalties on access, etc. Yes, our International Investment Best Buy charges are clearly shown and any professional should be able to interpret them. |
| Surrender of the Interactive Broker trading account: There are no surrender charges and no early redemption charges as there is no commission charged when the account is set up. This is the future of investing, portfolio can be built based on the clients specific appetite to risk included IRS compliant portfolios for US clients. |
International Investment Best Buy
WARNING: Costs and information is correct as of July 2016. Please refer to a brochure from the company for current up to date information and any changes on costs or information. You should not buy based purely on information contained within this article and EME do not accept liability for purchases. If you have any doubts then please speak with your financial adviser or a representative of the company for further advice.
If the provider improves or amends its terms then EME would like to hear from them to amend the review page accordingly, and providers are encouraged to comment on errors or omissions to ensure that readers have the latest and correct information.
Comments 1
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