Interactive Brokers Tutorial - How To Buy ETFs

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In this video, I dive into Interactive Brokers, one of the top trading platforms out there. Whether you're a seasoned investor or just starting out, this tutorial will guide you through the process of buying your first ETF, specifically the S&P 500 ETF.

Here's what you'll learn:

Step-by-step guide on navigating Interactive Brokers.
Tips and tricks to maximize your investment strategy.
How to efficiently buy ETFs, focusing on the S&P 500.
Insights on using Interactive Brokers' tools to make informed decisions.
Interactive Brokers offers a robust platform for investors, and I'll share some of the best practices to help you get started. If you find this video helpful, please give it a thumbs up and subscribe for more investing tips and tutorials.

[SmartMoneywithKai]

🔵 Open Your Interactive Brokers Account
My personal broker of choice where I hold the majority of my investments

[larrydimon]

I have a 3 fund portfolio but I have finally decided to invest in ETFs, alongside. I’m looking at SCHD, VOO, XLK or SCHG.

[Aggnog]

Things I've noticed in IBKR.

Fractional shares are much more expensive to buy than whole shares, in my case with VWCE shares are not that expensive so this isn't a problem, but the fees would be higher if i bought fractional instead.

Using market buy order requires a hidden extra amount of available funds or it doesn't allow you to buy, around 5-10% more than the actual cost of your orders. Limit orders don't require this so you can have less leftover cash after buying.

[beatzstudio]

Kai that was a great video and your voice is not annoying and i think it is very clear how you instruct. I don't know why some people in comments are bitching but hey we are all different. As i am new to IBKR, and seems like index fund cannot be purchased but i can purchase an ETF? What would be the difference here in IBKR when buying an ETF over Index Fund?

I will be going through other videos for sure and thanks for the tips in the videos. They mean a lot. Keep up the good work and hope we exchange more Q and A here.

[mimoland]

Could you potentially create a video on how to use justetf/ find ETFs, etc? That would be super useful. Also - once you do find an ETF on justetf, how would you find that same ETF on IB? Thank you, super useful content !!!

[suereo]

As a European investor, is there any difference for me if I buy my ETFs in euros or dollars? I also heard IB offers a 500k protection limit if I keep my investments in dollars.

[milkomilchev]

Hello, how can i buy acc not dist ? From what i know the acc is automatically reinvest dividends. So my problem is to find out which are the acc ? thanks

[kostaskoko]

Amazing video! Thank you for clarifying this topic!
Does it have a difference if i buy my etf with euro or dollar??

[GM-divis]

Hey Kai, great video to anyone using IBKR, I know I was a bit overwhelmed when I changed from degiro to IBKR, but I think the change is really worth it.

I have a question, do you think its worth it to open a second account in IBKR to keep the currencies separate? I buy 2 ETFs with €, and then I have $ positions in different companies. My base currency is set to €, so the reports get confusing sometimes, because they always show $ and €. Have you tried having 2 accounts?

[misbahullah]

Hello great video really helpful, had a query that can i buy VOO in IB while in pakistan/South Asia or is there any other version for it available

[violetabinta]

amazing video and super helpful thank you!!

[jaynembostock]

Just getting used to IBKR. How can I tell the costs of my current ETF? (VWRA)

[lerovith]

Can you make a video on how to move a portfolio from degiro to IB, trade212 or even TR and how to avoid transfer fee from degiro?

[Kozariki]

Even on Tiered pricing, I’m getting 1% commissions when trying to buy VWCE in DE. Is that normal? E.g 40 shares at 121.38 EUR (Limit Bid) has 55 EUR in commissions

[hj]

Do you know how taxes work if you make a profit on your ETFs as an expat? For example, I am an Aussie living in the Philippines and plan to buy an Ireland domiciled ETF like VUAA. If I sell my ETF after a year or two, and make a profit, who do I need to report this profit to? Or is the tax automatically deducted at the time of sale?

[NathanielRyan]

What is the current margin maintenance for QDTE in IBKR? On Robinhood it is only 25%, but Im curious what it is showing on IBKR.

[cpt.sharko]

Judging by your accent you're German, right? How did you manage to get around the issue with the required KID on IBKR for QQQ?
I am Austrian, and I couldn't figure a way to make this work for me as an EEA resident. I'd be super curious how you did it. :)

[ibrahimahmed]

Sir would you please help me how i open my account at ibkr because they rejected my application

[JPC]

In y experience the account set-up is very complicated. I don't even get to see the first page (portfolio) shown in this video. I have funds with IKBR but nothing shows in my portfolio. It literally says "No Data". TEverything is blank. The only way I can see the funds that I put in is the page where I have the option to transfer them out. Thats it. I cannot buy any stock - it wont let me click the Buy button. Nothing works. Any they are unable to provide any support.

[authorcraigcothren]

AS US expat living in the Philippines, I can not longer trade on Schwab. I am looking at IABK as a substitute. IABK is nothing like Schwab. Very different. In a scary way. I just want to hold ETFs and 3 stocks. That is all. You are into so many positions, I found this YT very complicated