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Re: SAT preparation

My daughter will be a junior this year. She is very good student (IB student, takes numerous AP, straight A, does research in Univ of Miami Breast Cancer Institute, was spelling bee champ in Broward and list goes on) She thinks that she needs SAT coaching. My experience with the SAT is many decades...
by bpp
Sat Jul 12, 2014 10:47 am
 
Forum: Personal Consumer Issues
Topic: SAT preparation
Replies: 30
Views: 2259

Re: No New Schwab Accounts for US Expats in Japan

Thanks for the heads up, Karamatsu.

The "Investing in Japan" Wiki page has been updated to reflect this development: http://www.bogleheads.org/wiki/Investin ... _brokerage
by bpp
Fri Jul 11, 2014 1:04 am
 
Forum: Investing - Theory, News & General
Topic: No New Schwab Accounts for US Expats in Japan
Replies: 3
Views: 792

Re: US citizens abroad cannot invest through [Fidelity]

plats wrote:On another topic, I got a follow-up email from Fidelity today after getting a letter last week.


What did they say?
by bpp
Tue Jul 08, 2014 6:42 pm
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: International exposure: does it really help?

Image

You feeling lucky, punk?
by bpp
Tue Jul 08, 2014 9:52 am
 
Forum: Investing - Theory, News & General
Topic: International exposure: does it really help?
Replies: 75
Views: 7300

Re: US citizens abroad cannot invest through [Fidelity]

So what you see is that all net gains and losses in previous years are "encoded" in the amount of the adjusted basis, avoiding any weird discontinuities no matter what happens. The key point is that your basis never gets adjusted below what you actually paid. It can't (a) because that wou...
by bpp
Mon Jul 07, 2014 8:08 pm
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: US citizens abroad cannot invest through [Fidelity]

Thought experiment: Buy $10,000 worth of PFIC, and it doubles by the end of the year. Then it stays constant at $20,000 for the next few years. Under your scenario, every year one would have to declare a $10,000 gain? (Because the basis never changes.) That would be unreasonable in a different dire...
by bpp
Mon Jul 07, 2014 7:07 pm
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: US citizens abroad cannot invest through [Fidelity]

I think the notion of MTM as an instantaneous sale/repurchase at the end of the year may be a useful analogy but isn't entirely accurate. The form, at least, asks only for the market value of the PFIC stock and the end of the year and your adjusted basis at the end of the year. If you consider the ...
by bpp
Mon Jul 07, 2014 6:45 pm
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: US citizens abroad cannot invest through [Fidelity]

I think the notion of MTM as an instantaneous sale/repurchase at the end of the year may be a useful analogy but isn't entirely accurate. The form, at least, asks only for the market value of the PFIC stock and the end of the year and your adjusted basis at the end of the year. If you consider the ...
by bpp
Mon Jul 07, 2014 7:15 am
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: US citizens abroad cannot invest through [Fidelity]

So let's use another example: Let's say a US citizen invests $1 million in an offshore mutual fund, and in year 1, it drops -90% to $100,000. PFIC losses can't be carried forward, so that loss is a pure loss. Then in year 2, it jumps back to $1 million, and assuming around 35% ordinary income tax r...
by bpp
Mon Jul 07, 2014 4:03 am
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: US citizens abroad cannot invest through [Fidelity]

From what I understand, PFIC mark-to-market is a disaster Likewise the maths in your example don't take into account the way that losses are recognized. It's true that you will pay $350K in taxes in the odd numbered years, but by applying the losses you will also save $350K in taxes in the even-num...
by bpp
Sun Jul 06, 2014 11:06 pm
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: Bernstein: Don’t Bother With International Bonds

Read in the paper this morning that the Japanese Government Pension Investment Fund (which is where the funds for Japan's version of Social Security are held) has the following allocation: 55.4% Japanese bonds 16.5% Japanese stocks 11.1% Foreign bonds 16.5% Foreign stocks 1.5% short-term instruments...
by bpp
Sat Jul 05, 2014 2:02 am
 
Forum: Investing - Theory, News & General
Topic: Bernstein: Don’t Bother With International Bonds
Replies: 112
Views: 9015

Re: US citizens abroad cannot invest through [Fidelity]

Regarding the Fidelity site, apparently Fidelity uses Akamai to play DNS tricks with name resolution so people get a server mirror that's close to them for better performance. My guess is that the mirror site hasn't been given the correct certificate for some reason, because it's still showing as i...
by bpp
Thu Jul 03, 2014 9:49 am
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: US citizens abroad cannot invest through a US brokerage

I ensure I'm 100% complaint with the laws of the country I'm living in, in addition to U.S. laws, so don't see why Vanguard/Fidelity need to treat me like a child. I don't think they are treating you like a child, I think they are just covering their own behinds. Your being 100% compliant everywher...
by bpp
Thu Jul 03, 2014 7:46 am
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: US citizens abroad cannot invest through [Fidelity]

To be on the safe side, US citizen expats might need to use a US address (not PO box), US phone number, and US VPN. ...in order to attempt to conceal a false declaration? That seems like an unusual definition of "safe." I never said anything about a false declaration. You are giving them ...
by bpp
Thu Jul 03, 2014 6:03 am
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: US citizens abroad cannot invest through [Fidelity]

normaldude wrote:To be on the safe side, US citizen expats might need to use a US address (not PO box), US phone number, and US VPN.


...in order to attempt to conceal a false declaration?
That seems like an unusual definition of "safe."
by bpp
Wed Jul 02, 2014 10:32 pm
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: US citizens abroad cannot invest through a US brokerage

As a US citizen abroad for 9 years, I'm far from concerned about this. I've opened multiple accounts (both bank and brokerage) with companies that claim only US residents can open accounts. The main point is that they do not know I live abroad. I never provided them a foreign address. And they can'...
by bpp
Wed Jul 02, 2014 8:00 pm
 
Forum: Investing - Theory, News & General
Topic: US citizens abroad cannot invest through [Fidelity]
Replies: 94
Views: 7115

Re: NISA Providers (Japan)

That's a problem with the extreme discount brokers, like SBI and Rakuten. You could try asking some of the more expensive brokers like Nomura, SMBC Nikko or Daiwa. Don't know what their policies are in this regard, but they may be more flexible, for a price. (Still may be cheaper than Shinsei, thoug...
by bpp
Wed Jul 02, 2014 9:30 am
 
Forum: Investing - Help with Personal Investments
Topic: NISA Providers (Japan)
Replies: 11
Views: 742

Re: burning 1 lb is how many calories?

Additionally, framing this in the form of calories in/calories out and citing the laws of thermodynamics only states the obvious observation of what is occurring. They say nothing as why someone gains/loses weight or what is actually causing the effect. If you try to infer cause and effect from cal...
by bpp
Tue Jul 01, 2014 11:51 pm
 
Forum: Personal Consumer Issues
Topic: burning 1 lb is how many calories?
Replies: 69
Views: 5557

Re: burning 1 lb is how many calories?

While weight gain/lost = calories in - calories burned, the "calories burned" hides a very large amount of important detail. But, those are the basics, no? Sure, there are fine details on how the body can be made absorb or burn calories in a more or less efficient manner, but the basic th...
by bpp
Tue Jul 01, 2014 9:34 am
 
Forum: Personal Consumer Issues
Topic: burning 1 lb is how many calories?
Replies: 69
Views: 5557

Re: O Canada!

- what documents would we need to carry with us to bring my nine-year-old niece with us? Passports for everybody, including the niece. - obviously, because of toll rules associated with the car, I would not want to go through E-tolls. Is the friendship bridge E-tolled or is it manned so that we cou...
by bpp
Tue Jul 01, 2014 9:13 am
 
Forum: Personal Consumer Issues
Topic: O Canada! Questions about traveling to Canada :-)
Replies: 28
Views: 2612

Re: The Millionaire Next Door: Are You One?

1) I'm not a millionaire.
2) I don't live next door. (The neighbors do.)
by bpp
Sun Jun 29, 2014 11:03 pm
 
Forum: Personal Consumer Issues
Topic: The Millionaire Next Door: Are You One?
Replies: 187
Views: 22183

Re: Bernstein: Don’t Bother With Intnational Bonds

And the unhedged currency exposure with unhedged international bonds is very risky. All you have to do is look to what happened to the euro and the yen in the last crisis—they cratered. That’s a risk you simply don’t want to take. I have enormous respect for Dr. Bernstein, but IMO this is way overs...
by bpp
Sun Jun 29, 2014 7:11 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: Don’t Bother With International Bonds
Replies: 112
Views: 9015

Re: Japan, 1989

Bpp, Going through your sources has proved above my abilities. On the other hand, I was able to reconstruct data from your post (http://www.bogleheads.org/forum/viewtopic.php?f=10&t=23036&p=1979403#p1971254) to add Japan simulations into my personal working copy of the VPW spreadsheet. See ...
by bpp
Sun Jun 29, 2014 7:01 pm
 
Forum: Investing - Theory, News & General
Topic: Japan, 1989
Replies: 109
Views: 23673

Re: VTI vs SDY dividends and taxes [Japan]

I'm envious of the tax-free options US citizens have (401k and IRA Roth). It seems to be much more friendly to income-oriented stock investment. Take a look at the J401k (or DC pension) 個人型確定拠出年金. It's an amazing deal that very few people are aware of :D It's only available to people who don't have...
by bpp
Sun Jun 29, 2014 6:39 am
 
Forum: Investing - Help with Personal Investments
Topic: VTI vs SDY dividends and taxes [Japan]
Replies: 8
Views: 747

Re: Investing from new zealand

Thanks for all the comments. in_reality, your in depth replies are appreciated. Your link on Total market fund does show there is a difference in the very long term. There doesn't seem to be a simple answer to asset allocation from a small country home bias. "Tonen" you work on a 50% home...
by bpp
Sun Jun 29, 2014 6:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing from new zealand
Replies: 28
Views: 1681

Re: Bernstein: Don’t Bother With Intnational Bonds

And the unhedged currency exposure with unhedged international bonds is very risky. All you have to do is look to what happened to the euro and the yen in the last crisis—they cratered. That’s a risk you simply don’t want to take. I have enormous respect for Dr. Bernstein, but IMO this is way overs...
by bpp
Sat Jun 28, 2014 9:25 pm
 
Forum: Investing - Theory, News & General
Topic: Bernstein: Don’t Bother With International Bonds
Replies: 112
Views: 9015

Re: Home Country Bias

maybe I am simply seeking confirmation bias of my current target of 50% domestic equity... If you want some confirmation bias for 50/50, I live in Japan and I allocate my portfolio 50/50 Japan/non-Japan. (Both stocks and bonds.) This way, to first order, I don't care if the yen goes up or down rela...
by bpp
Thu Jun 26, 2014 9:49 am
 
Forum: Investing - Theory, News & General
Topic: Home Country Bias
Replies: 47
Views: 2618

Re: NISA Providers (Japan)

Karamatsu wrote:I'm not aware of any Japanese brokers that have English-language web sites for trading in Japan. Are there any?


I don't know of any either, have to admit.
by bpp
Wed Jun 25, 2014 7:58 pm
 
Forum: Investing - Help with Personal Investments
Topic: NISA Providers (Japan)
Replies: 11
Views: 742

Re: NISA Providers (Japan)

Yes, the banks seem to only offer mutual funds. For minimizing costs, ETFs tend to have much lower expense ratios than mutual funds tracking the same indices. ETFs can also only be purchased through a brokerage, not a bank. The offerings at banks are mostly useful for people who are allergic to deal...
by bpp
Wed Jun 25, 2014 6:52 pm
 
Forum: Investing - Help with Personal Investments
Topic: NISA Providers (Japan)
Replies: 11
Views: 742

Re: NISA Providers (Japan)

Ok, then here are some threads that may be of reference (similar situations to yours):

viewtopic.php?f=1&t=140333
viewtopic.php?f=1&t=126950
viewtopic.php?f=1&t=128166
by bpp
Wed Jun 25, 2014 8:22 am
 
Forum: Investing - Help with Personal Investments
Topic: NISA Providers (Japan)
Replies: 11
Views: 742

Re: NISA Providers (Japan)

What do you want to hold in the account?
And are you a US taxpayer?
by bpp
Wed Jun 25, 2014 6:07 am
 
Forum: Investing - Help with Personal Investments
Topic: NISA Providers (Japan)
Replies: 11
Views: 742

Re: What Book Are You Currently Reading? Part V

I expect that will be confusing/disappointing to Bladerunner fans.
by bpp
Fri Jun 20, 2014 10:12 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3101
Views: 997411

Re: American Automobile Assn (AAA)

I'm a member of JAF (Japan Automobile Federation), which has sister organization privileges with AAA.
Never needed to use the towing services here in Japan, but the membership has paid for itself on trips to the US with the ability to use AAA discounts on hotels.
by bpp
Fri Jun 20, 2014 10:02 am
 
Forum: Personal Consumer Issues
Topic: American Automobile Assn (AAA)
Replies: 51
Views: 3396

Re: [Poll] Did you tax loss harvest in the past?

I've started tax-loss harvesting individual stocks this year. Going forward, I plan to harvest just enough each year to cancel out dividend taxes. Before that, never really bothered. Actually, last year I tax gain harvested, in anticipation of an increase in capital gains tax rates that took effect ...
by bpp
Fri Jun 20, 2014 7:10 am
 
Forum: Investing - Theory, News & General
Topic: [Poll] Did you tax loss harvest in the past?
Replies: 17
Views: 888

Re: NISA in the short term (Japan)

Valuethinker wrote:Having money stuck in tax exempt savings accounts in Japan that you can't then access when you leave is a nightmarish situation (been there, got the t shirt).


That wouldn't be a problem in the case of a NISA. Money can be withdrawn at any time, without penalty.
by bpp
Mon Jun 16, 2014 7:16 am
 
Forum: Investing - Help with Personal Investments
Topic: NISA in the short term (Japan)
Replies: 9
Views: 603

Re: IRS 8938 (Foreign Assets) and Income Repatriation Questi

No, your understanding is correct. IRS reporting requirements are independent of Thai tax authority ones. They also don't depend on whether assets and income are repatriated or not. Don't forget FBAR, too. You may find some of the information on the following wiki page useful: http://www.bogleheads....
by bpp
Sun Jun 15, 2014 5:41 pm
 
Forum: Personal Finance (Not Investing)
Topic: IRS 8938 (Foreign Assets) and Income Repatriation Question.
Replies: 9
Views: 391

Re: Roth Conversion for expats

I've been looking around for an answer to my question. While I have not yet seen an example specific to interest income or a Roth conversion, it appears from the following document (example 10, page 16) that the stacking rule applies after the standard deduction and personal exemptions have been ta...
by bpp
Sun Jun 15, 2014 9:59 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for expats
Replies: 9
Views: 742

Re: Convince me to visit Italy

If you want Italy without the history, and just the scenery, how about:
Cinque Terre
Italian Alps
Elba Island (yeah, there is some incidental Napoleonic history, but that is not really what the place is about)
by bpp
Sun Jun 15, 2014 9:50 am
 
Forum: Personal Consumer Issues
Topic: Convince me to visit Italy
Replies: 77
Views: 5328

Re: Roth Conversion for expats

I've been looking around for an answer to my question. While I have not yet seen an example specific to interest income or a Roth conversion, it appears from the following document (example 10, page 16) that the stacking rule applies after the standard deduction and personal exemptions have been ta...
by bpp
Sun Jun 15, 2014 2:55 am
 
Forum: Investing - Help with Personal Investments
Topic: Roth Conversion for expats
Replies: 9
Views: 742

Re: Cutting the cable cord - how did you do it?

I am planning on cutting the cable cord soon and would like to know how folks have done this. I only need the basic local channels since that is all I watch - even though my cable bill is about 30 bucks a month for home much I watch its not worth it for how much TV I watch. I live about 7 miles fro...
by bpp
Sat Jun 14, 2014 9:31 am
 
Forum: Personal Consumer Issues
Topic: Cutting the cable cord - how did you do it?
Replies: 63
Views: 4382

Re: NISA in the short term (Japan)

Concerns: 1. If I send it back to Ireland/UK (I am from Northern Ireland so technically UK) I will lose a crazy amount of capital based on the current exchange (do not want to do this :annoyed ) I don't quite understand this. Are you saying exchange fees would be very high? Or is this money that or...
by bpp
Fri Jun 13, 2014 11:19 pm
 
Forum: Investing - Help with Personal Investments
Topic: NISA in the short term (Japan)
Replies: 9
Views: 603

Re: IUSB- new iShares domestic bond ETF

I wonder if it will include TIPS.
by bpp
Wed Jun 11, 2014 7:48 am
 
Forum: Investing - Theory, News & General
Topic: IUSB- new iShares domestic bond ETF
Replies: 6
Views: 588

Re: Investing options for American living abroad?

Single with no kids living in UAE (no income tax country). My take home salary is $115,000 per year. I have no debt. I have $25,000 in a Roth IRA. Should I be using a Roth or a Traditional IRA instead? I assume you are using the Foreign Earned Income Exclusion, and putting the un-excludable portion...
by bpp
Tue Jun 10, 2014 6:47 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing options for American living abroad?
Replies: 6
Views: 391

Re: What Book Are You Currently Reading? Part V

Kim Stanley Robinson wrote a novella named Green Mars in 1985 considering the environmental question. It's about a group of people climbing Olympus Mons for sport, and one of them is a leader of the recently ousted Green party. I don't remember many details now, but it made an impression on me at t...
by bpp
Mon Jun 09, 2014 9:08 am
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 3101
Views: 997411

Re: Wiki: Tax Effects of Maximizing Roth IRA Contributions

FiveK wrote:Thanks bpp, that's it exactly. Maybe someone could add something like "but see below if you can maximize your Roth contribution" to the "Taxes" section?


Done: http://www.bogleheads.org/wiki/Traditio ... Roth#Taxes
by bpp
Sun Jun 08, 2014 8:24 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki: Tax Effects of Maximizing Roth IRA Contributions
Replies: 26
Views: 1812

Re: Wiki: Tax Effects of Maximizing Roth IRA Contributions

http://www.bogleheads.org/wiki/Traditional_versus_Roth seems the most appropriate place. Actually, it looks like this may have been covered on that page: http://www.bogleheads.org/wiki/Traditional_versus_Roth#If_you_can_max_out If you can max out The IRS sets a maximum contribution to retirement ac...
by bpp
Sun Jun 08, 2014 7:55 pm
 
Forum: Investing - Theory, News & General
Topic: Wiki: Tax Effects of Maximizing Roth IRA Contributions
Replies: 26
Views: 1812

Wiki Suggestion: Tax effects, maximizing Roth IRA contributions

Looks right to me, FiveK. You're pointing out that the proper comparison with a fully-funded Roth is a fully-funded TIRA plus some taxable investments so that the same gross pre-tax income is invested in either case. In this case, the taxable investments will undergo yearly dividend taxation, plus i...
by bpp
Sat Jun 07, 2014 8:03 am
 
Forum: Investing - Theory, News & General
Topic: Wiki: Tax Effects of Maximizing Roth IRA Contributions
Replies: 26
Views: 1812

Re: Portfolio allocation advice - HK citizen living in Singa

How about just holding VT, Vanguard Total World Stock Index, as your core holding, and then add whatever local tilts you want in addition to that? One final question - I read online there's 15% long-term capital gain tax on my US listed ETFs. Anyone knows if that applies to me pls? (Non resident ali...
by bpp
Fri Jun 06, 2014 4:35 am
 
Forum: Investing - Help with Personal Investments
Topic: Portfolio allocation advice - HK citizen living in Singapore
Replies: 15
Views: 624

Re: Commute to elementary school

C'est difficile d'elever un enfant qui est vraiment bilangue. Les etudes que j'ai lu indique qu'il va etre difficile quand il n'y a que toi et ton mari qui parlent la langue (mes tes voyages en france va les aider beaucoup). Souvent, les enfants (quand ils savent que leurs parents comprendre la lan...
by bpp
Fri Jun 06, 2014 12:01 am
 
Forum: Personal Consumer Issues
Topic: Commute to elementary school [French language spoken]
Replies: 37
Views: 2717

Re: 100% VT - High Tax, High Trading Cost - Please Comment

Given that BND and VT have about the same dividend yield at the moment, the amount of withholding taxes paid each year would be about the same regardless of what ratio they are held in.
by bpp
Tue Jun 03, 2014 10:59 pm
 
Forum: Investing - Help with Personal Investments
Topic: 100% VT - High Tax, High Trading Cost - Please Comment
Replies: 6
Views: 826
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