Hey folks! @Research_centre
The investments team would like to connect with some of you regarding US stocks and usage. This is your chance to speak with us!
- Do you invest in US stocks?
- If yes, what apps do you use to invest?
- What do you like about the app and what kind of features would you like to see on such an app?
- What’s stopping you from investing in US stocks?
If you’re interested in joining us over a quick Google meet/Zoom call, let us know!
It’ll hardly take 30min or less.
So, are you in?
Please vote here:
- Yes! Count me in
- No, A bit busy
Once you pick yes, we’ll connect with you over DM for details. Then we agree on a meeting time and send you an invite.
More info on the research centre - Introducing the research centre 🔬
Let us know!
Thanks, and have a great day~
I don’t invest in US stocks mainly because I have to handle Taxation which is very complex and there are not many platforms that provide investing in US stocks and there seems to be charges on buying/selling stocks and to maintain the relevant account.
I’ve been considering INDmoney. I did get an account set up with them, but I’m curious about how the entire thing works tho.
How does taxation work with Us stocks?
Gains are taxed like a debt fund. So stcg would be at slab rate and ltcg would be at 20%. I believe the period for ltcg is 2 years though.
I am using IND Money and Vested for more than a year now.
IND Money: it is super easy to invest in US Stocks. They also provide instant transfer of INR to USD in US Demat Account through the Super Saver savings a/c (SBM).
Taxes are handled as per Debt Funds.
You can invest in stocks, etf and index funds.
Do you invest in US stocks?
Yes, started SIP on IND Money few months ago.
If yes, what apps do you use to invest?
What do you like about the app and what kind of features would you like to see on such an app?
SIP and Taxation Guidance. ETFs Smoother deposit and withdrawal.
What’s stopping you from investing in US stocks?
High withdrawal fee, Tax Complication.
Thanks for the votes, everyone!
We’ll start pinging the ones who had said yes from today. If you want a head start on the team meetup, let me know