Search found 843 matches

by BeBH65
Mon Dec 11, 2017 11:53 am
Forum: Investing - Help with Personal Investments
Topic: Investing Dilemma [ex-pat wants to invest in US]
Replies: 1
Views: 125

Re: Investing Dilemma [ex-pat wants to invest in US]

Hello, Welcome to the forum. Investing via US-based funds might not be the best approach due to US-taxation rules (e.g. your dividend at 30% ) Please have a look at the taxation section in Outline_of_international_domiciles This part of our wiki also has pages for several countries. Even if your cou...
by BeBH65
Sun Dec 10, 2017 5:22 am
Forum: Investing - Help with Personal Investments
Topic: 1st draft of my portfolio to evaluation [feedback please] [Europe]
Replies: 28
Views: 1119

Re: 2nd draft of my portfolio to evaluation [feedback please] [Europe]

Hi pacman, You have already received many good comments. Here are some additional remarks. 10% EU bonds - db x-trackers Eurozone Government Bond 3-5 UCITS ETF (DR) 1C (DBXQ) in general ok: Euro, govt, medium duration. Do check the number of assets in this though. % is low for a beginning investor. A...
by BeBH65
Thu Dec 07, 2017 5:59 am
Forum: Investing - Help with Personal Investments
Topic: Non-US domiciled funds that trade in USD
Replies: 8
Views: 660

Re: Non-US domiciled funds that trade in USD

Hello, Many provider of non-US domiciled ETF have USD versions of their funds. You can look at the websties of the providers, or also on sites like https://www.justetf.com/uk/ or morningstar. Please note that sometimes the ISIN code or the ticker are different, altought the name of the fund is the s...
by BeBH65
Tue Dec 05, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio for europeans?
Replies: 13
Views: 916

Re: 3 fund portfolio for europeans?

Please have a careful look at the "investing from the Netherlands" page mentioned above it adresses the particular case for Dutch investors, both for the "equity for growth" as well as the "bonds and cash for stability". For the bonds/cash portion, please also have a look at the forum for the discus...
by BeBH65
Mon Nov 20, 2017 5:45 am
Forum: Investing - Help with Personal Investments
Topic: 1st draft of my portfolio to evaluation [feedback please] [Europe]
Replies: 28
Views: 1119

Re: 1st draft of my portfolio to evaluation [feedback please] [Europe]

Hello MRPacman, Welcome to the forum. You have already received some goood answers. While the forum is US focussed, there are many people from the rest of the world as well. A lot depends on your country and its tax regime; in which country are you domiciled? How does your coutnry tax accumulated di...
by BeBH65
Tue Nov 07, 2017 3:26 pm
Forum: Investing - Help with Personal Investments
Topic: Three-fund portfolio investing from Europe
Replies: 11
Views: 876

Re: Three-fund portfolio investing from Europe

The full list of EU countries in which global Vanguard entities operate is here . In certain countries Vanguard commercializes both Mutual funds and ETFs, in certain countries not. For instance in Belgium it only commercialises certain* (UCITS) ETFs. I can understand that since Mutual Funds in Belg...
by BeBH65
Tue Nov 07, 2017 5:02 am
Forum: Investing - Theory, News & General
Topic: TER of ETF misleading??
Replies: 8
Views: 763

Re: TER of ETF misleading??

Dear alpine_boglehead, sorry for my mistakes. Now I think you were righter in some calculations. This is very correct: L1WT 12% of 2.4%, i.e. 28,8 basis points Tracking error of 5,6 basis points Expense ratio of 25 basis points Which gets you a total cost of 59,4 basis points Dividends then should ...
by BeBH65
Tue Nov 07, 2017 12:06 am
Forum: Investing - Help with Personal Investments
Topic: Three-fund portfolio investing from Europe
Replies: 11
Views: 876

Re: Three-fund portfolio investing from Europe

- have you looked at the Vanguard ETFs like vanguard FTSE all world]?
- have a look at our wiki pages on international domiciles? Maybe you can get more inspiration there?
- in which country will you be living? Every country has a slightly different tax laws.
by BeBH65
Fri Nov 03, 2017 6:42 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio check; European, long term investment
Replies: 8
Views: 624

Re: Portfolio check; European, long term investment

Hi, Have a look at this article on our wiki Lumpsum vs Dollar_cost_averaging . The answer depends on the degree to which you are willing to accept lower expected returns in exchange for lower potential losses (aversion to possible loss). ... Note that higher expected returns do not guarantee that yo...
by BeBH65
Fri Nov 03, 2017 4:12 am
Forum: Investing - Help with Personal Investments
Topic: Should I invest my emergency fund?
Replies: 29
Views: 3192

Re: Should I invest my emergency fund?

Hello Frankie,

Welcome to the forum.

Please have a look at our wiki page on energency funds
by BeBH65
Thu Nov 02, 2017 5:58 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio check; European, long term investment
Replies: 8
Views: 624

Re: Portfolio check; European, long term investment

Hello Bonobo, Welcome to the forum. from your opening post it is clear that you have already well analysed the situation. You have alsoe received good feedback in the other answers. Hello everyone, First of all, I'm grateful for all the valuable information you guys have put up, the wiki has been su...
by BeBH65
Mon Oct 30, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: USD portfolio planning from the EU (Hungary)
Replies: 3
Views: 261

Re: USD portfolio planning from the EU (Hungary)

This certainly is a sensible plan.


The currency risk is linked to the currency of the underlying Assets; for IWDA 55% usd, 8% jpy, ... Etc
Buying the funds in the usd version avoids the currency conversion charges.
by BeBH65
Sat Oct 28, 2017 2:33 pm
Forum: Investing - Theory, News & General
Topic: TER of ETF misleading??
Replies: 8
Views: 763

Re: TER of ETF misleading??

Hello miuko, Welcome the forum. Your observation is valid for all funds, not only the etf's. - Also have a look at Exchange-traded_fund#Costs - Also take into aacount that the funds will pay transaction costs when they buy stocks. Luckily for index funds this is a lot more limited then active funds ...
by BeBH65
Sat Oct 28, 2017 2:09 pm
Forum: Investing - Help with Personal Investments
Topic: Approximating VTSAX:VGTSX 75:25
Replies: 3
Views: 460

Re: Approximating VTSAX:VGTSX 75:25

The % tend to vary a bit over time. No reason to be to picky about it.
You could go with: 60, 5, 10, 25.
by BeBH65
Sat Oct 28, 2017 1:54 am
Forum: Investing - Help with Personal Investments
Topic: Market Crash Defensive Portfolio
Replies: 30
Views: 3711

Re: Market Crash Defensive Portfolio

Hello RockyBalboaWin, Welcome to the forum. Looks like you have already done a lot of investigation. Please also consider the links to the boglehead wiki that you received. They will provide you to a lot of information. I especially like investing_start-up_kit . Come back here for additional informa...
by BeBH65
Thu Oct 26, 2017 7:24 am
Forum: Investing - Help with Personal Investments
Topic: Currency Question - UK vs USA (phrased better :-))
Replies: 6
Views: 548

Re: Currency Question - UK vs USA (phrased better :-))

Hello SmilerUK, I think you will need to phrase this statement Obviously, on average, equities return 6% per year in the long term. 1/ you need to put the verb in the past tense: returned . 2/ then you need to specify which equities you are refering to: the US total market, the European small caps, ...
by BeBH65
Tue Oct 24, 2017 5:43 am
Forum: Investing - Help with Personal Investments
Topic: Tax credit against taxes paid internally by Irish distributing ETFs? [Europe]
Replies: 8
Views: 450

Re: Tax credit against taxes paid internally by Irish distributing ETFs? [Europe]

Do you know which other EU countries do not tax capital gains besides Belgium? Can't help you there. On the web there are a few documents form PWC, Deloitte, KPMG that give a summary of taxation per country. Good Luck. Just a note: it is not because we do not pay a capital gains tax in Belgium, tha...
by BeBH65
Tue Oct 24, 2017 2:44 am
Forum: Investing - Help with Personal Investments
Topic: Tax credit against taxes paid internally by Irish distributing ETFs? [Europe]
Replies: 8
Views: 450

Re: Tax credit against taxes paid internally by Irish distributing ETFs? [Europe]

Well, now I understand why accumulating funds are so popular in Europe. I was leaning towards distributing ETFs because I need the dividends to pay for my living expenses. I don't feel comfortable with accumulation units because selling shares of an ETF involves paying broker commissions plus there...
by BeBH65
Mon Oct 23, 2017 11:40 am
Forum: Investing - Help with Personal Investments
Topic: Tax credit against taxes paid internally by Irish distributing ETFs? [Europe]
Replies: 8
Views: 450

Re: Tax credit against taxes paid internally by Irish distributing ETFs? [Europe]

I don't think this is possible. Just imagine the reporting the fund would need to do to keep track of each dividend the fund received at which date and how much tax the fund paid and then report this back to the investor for the number of shares (s)he held at that time. Actually in some cases it is ...
by BeBH65
Sun Oct 22, 2017 2:03 am
Forum: Investing - Help with Personal Investments
Topic: Mutual funds portfolio (Europe)
Replies: 4
Views: 359

Re: Mutual funds portfolio (Europe)

Hello Vilacha, Welcome to the forum. The equity portion of your portfolio seems well balanced matching the weights of the respective regions, sectors etc. Some relections in random order: - In what counry do you live? It might be that your choice for US-domiciled funds leads to double taxation of th...
by BeBH65
Thu Oct 19, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for [Italian investor]
Replies: 7
Views: 709

Re: Portfolio for [Italian investor]

Good choice of equity asset classes and etf funds.

Do you own EUR or USD? What will it cost for you to Exchange them? I assume EUR will have less costs.
by BeBH65
Mon Oct 16, 2017 3:47 pm
Forum: Investing - Help with Personal Investments
Topic: €10,000 ETF portfolio, bond advice needed. [Germany]
Replies: 7
Views: 507

Re: €10,000 ETF portfolio, bond advice needed. [Germany]

Hello DQA,

Have a look at these pages:
+ non resident taxation of us funds
+ investing from Gremany

also do a search for Germany in the search box.
by BeBH65
Wed Oct 11, 2017 10:58 am
Forum: Investing - Help with Personal Investments
Topic: Young student investing for the future [Belgium]
Replies: 7
Views: 683

Re: Young student investing for the future [Belgium]

Hello TomRox, Indeed it is good the build good habits early in your financial life: saving a good amount of your income, living below your means, keeping an emergency fund, not trying to chase performance in the stock market by trying to time it. On this forum we like maximally diversified low cost ...
by BeBH65
Thu Oct 05, 2017 5:50 am
Forum: Investing - Help with Personal Investments
Topic: [BELGIUM]: Portfolio Advice
Replies: 4
Views: 354

Re: [BELGIUM]: Portfolio Advice

Hello Tjiftjaf, Regarding overweighting small cap and/or emerging market; your post made me ask myself how these would react compared to MSCI world . Looking at the graphs for the three indexes in EURO: 1. In the last 10 years the MSCI world small cap index in euro seems to follow the MSCI world ind...
by BeBH65
Thu Oct 05, 2017 1:57 am
Forum: Investing - Help with Personal Investments
Topic: [BELGIUM]: Portfolio Advice
Replies: 4
Views: 354

Re: [BELGIUM]: Portfolio Advice

Hallo TjifTjaf, * 65% iShares Core MSCI World UCITS ETF (IWDA) * 25% iShares Core MSCI Emerging Markets IMI UCITS ETF (EIMI) * 10% SPDR® MSCI World Small Cap ETF (WDSC or ZPRS) I have chosen to allocate more money to emering markets as these are believed to involve more risk and thus more reward (bu...
by BeBH65
Tue Oct 03, 2017 8:22 am
Forum: Investing - Help with Personal Investments
Topic: TSP to Vanguard?
Replies: 127
Views: 16316

Re: TSP to Vanguard?

C - 34% F - 38% S - 24% I - 4% Is there a reason you've chosen not to use the G Fund? G fund is of little value as a retirement resource imo.....I prefer the C & S & I since it's long term. Many of the people on this forum would love to have access to the TSP G-fund. From our wiki: Thrift_Savings_P...
by BeBH65
Tue Oct 03, 2017 8:16 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 1617
Views: 289633

Re: What are you up YTD? [Year To Date]

- Stocks portion + 9 %
- Protection portion: + 1%
Total portfolio @ 60/40 : +6%
All in Euro
by BeBH65
Thu Sep 28, 2017 2:45 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in ETFs MSCI World + MSCI Emerging Market [Germany]
Replies: 18
Views: 1315

Re: Investing in ETFs MSCI World + MSCI Emerging Market [Germany]

SanSan,

Please consider changing your broker to a broker which gives you 1/ more freedom in the list of funds that you can invest in and 2/charges a lower commision.
by BeBH65
Thu Sep 28, 2017 2:42 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio for non US citizen with no-commision TD ETFs
Replies: 21
Views: 1279

Re: 3 fund portfolio for non US citizen with no-commision TD ETFs

With ANY USA domiciled equity ETF you will pay a 15% USA-NRA tax on all interest and dividend income on ALL USA domiciled securities in the ETF. On any non-USA securities in the ETF you will pay 15% ON TOP OF any interest or dividend tax that the non-USA domicile will put on them. Do the math corre...
by BeBH65
Thu Sep 28, 2017 12:49 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio for non US citizen with no-commision TD ETFs
Replies: 21
Views: 1279

Re: 3 fund portfolio for non US citizen with no-commision TD ETFs

Last year we paid approximately 10% taxes on VWRD's dividend income. Our bond interest income (3 different bond ETFs) came thru with 0% taxes. Remember. The 15% dividend income tax is ONLY on the USA part of VWRD. The non-USA developed part charged us 7.5% and the EM part charged us 11.2%. Do I und...
by BeBH65
Thu Sep 28, 2017 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio for non US citizen with no-commision TD ETFs
Replies: 21
Views: 1279

Re: 3 fund portfolio for non US citizen with no-commision TD ETFs

Do you need to pay dividend tax in Estonia if You have accumulation Ireland domicile ETF? Yes I do. I believe this is true about any other EU tax treaty member who has ties with Ireland. Ireland itself charges tax neither on dividends nor growth. See Tax Implications for Funds but Estonia (in case ...
by BeBH65
Thu Sep 28, 2017 12:30 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio for non US citizen with no-commision TD ETFs
Replies: 21
Views: 1279

Re: 3 fund portfolio for non US citizen with no-commision TD ETFs

Do you need to pay dividend tax in Estonia if You have accumulation Ireland domicile ETF? Yes I do. I believe this is true about any other EU tax treaty member who has ties with Ireland. In Belgium there is no dividend tax for accumulating funds, because there are no funds. There is no capital gain...
by BeBH65
Wed Sep 27, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: 3 fund portfolio for non US citizen with no-commision TD ETFs
Replies: 21
Views: 1279

Re: 3 fund portfolio for non US citizen with no-commision TD ETFs

Sabahang,

Many people on this site hold bonds for protection.

BND only holds USD bonds, and might not be ideal for a EUROpean, because the exchange rate fluctuations could remove the protection.
by BeBH65
Tue Sep 26, 2017 8:31 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in ETFs MSCI World + MSCI Emerging Market [Germany]
Replies: 18
Views: 1315

Re: Investing in ETFs MSCI World + MSCI Emerging Market [Germany]

Hello San, Welcome on this site. You have already received some good advise. Do a search for Germany in the search box of this forum. You will find additional info. Related to the asset classes that you have choken: 1- focussing and diversifying over the whole world is good. 2- Remark that em is onl...
by BeBH65
Mon Sep 25, 2017 1:21 pm
Forum: Investing - Help with Personal Investments
Topic: Bonds choice for an European expat
Replies: 14
Views: 1223

Re: Bonds choice for an European expat

Hello Brian, Some of the funds that you list are us-domiciled funds, this might not what you want to as non-resident-alien in the US. See also /Nonresident_alien_taxation What will be role of bonds in your portfolio? On this site many consider bonds for protection. What do you consider "your" curren...
by BeBH65
Sat Sep 23, 2017 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner
Replies: 20
Views: 1294

Re: Tax issues relocating abroad, avoid capital gains by gifting to foreign partner

Hello Jiji, We will need more info to give you more comprehensive answers. - Nationality of you and your partner. - Current domicile of you and your partner; and since when? Will both of you take domicile in Belgium? My situation: Relocating to Belgium. Will have no US income in the future. Tax trea...
by BeBH65
Sat Sep 23, 2017 12:31 am
Forum: Investing - Help with Personal Investments
Topic: [Is company stock part of my 3-fund portfolio?]
Replies: 10
Views: 625

Re: [Is company stock part of my 3-fund portfolio?]

Hello popmegphone, It is best to look at all your investments as one. Hence the investments in your company stock is part of your portfolio next to the funds that you hold. You can then calculate the ratios: bonds, domestic equity and international equity and determine if it matches with your desire...
by BeBH65
Fri Sep 22, 2017 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: [How do I rebalance my Three-Fund Portfolio?]
Replies: 2
Views: 530

Re: [How do I rebalance my Three-Fund Portfolio?]

Hello Henry,

We need more information to be able to give you good advise.
Please consider updating the first post in this thread according to the format mentions in asking portfolio questions.
by BeBH65
Sun Sep 17, 2017 3:29 am
Forum: Investing - Help with Personal Investments
Topic: adapt portfolios to european investor
Replies: 55
Views: 3423

Re: adapt portfolios to european investor

The places where I find a lot of info are: - the Bogleheads wiki pages on international domiciles, and their references - this Bogleheads forum, especially the posts by Ted Swippet and the references he provides - the site of my government - the sites of the fund providers, ishares and vanguard. And...
by BeBH65
Sun Sep 17, 2017 12:44 am
Forum: Investing - Help with Personal Investments
Topic: adapt portfolios to european investor
Replies: 55
Views: 3423

Re: adapt portfolios to european investor

The country where the fund is domiciled has the right to tax dividends and interest. The country where the investor is domiciled has the right to do so after that and may or may not give some sort of credit for the first country's taxes paid. If either of those discounts an accumulating fund and ta...
by BeBH65
Tue Sep 12, 2017 3:11 pm
Forum: Investing - Help with Personal Investments
Topic: adapt portfolios to european investor
Replies: 55
Views: 3423

Re: adapt portfolios to european investor

gargagnam wrote:
Tue Sep 12, 2017 2:50 pm
Serious question: why not just an msci ACWI then?
Good question!
I can see two main reasons.
- Diversification: Acwi has about 1200 stocks, Iwda+eimi 1600+1900
- and you get this at a cheaper price: ER of Acwi is .60% if i am not mistaken.
by BeBH65
Tue Sep 12, 2017 4:32 am
Forum: Investing - Help with Personal Investments
Topic: adapt portfolios to european investor
Replies: 55
Views: 3423

Re: adapt portfolios to european investor

If I was in the US I would probably just invest everything in an index fund that covers the total market. However, since I leave in Italy I don't have access to that type of funds I wonder if investing entirely in the US stock market is a good idea. IWDA - Ishares MSCI world provides you exposure t...
by BeBH65
Tue Aug 22, 2017 1:04 pm
Forum: Investing - Theory, News & General
Topic: How does domicile of ETF affect Tax?
Replies: 6
Views: 917

Re: How does domicile of ETF affect Tax?

Hello Daringstar,

Most likely the tax-treaty between your country and the country where the fund is domiciled is applicable.
Anything else seems not practical. Just imagine you buy a world fund domiciled in Ireland, this invest in tens of countries, how would you report this?

Regards,
by BeBH65
Thu Aug 17, 2017 2:47 pm
Forum: Investing - Help with Personal Investments
Topic: ETF Investment Strategy - looking for feedback
Replies: 9
Views: 667

Re: ETF Investment Strategy - looking for feedback

Hello dkajshdfkqwh,

Welcome to the forum.

We will need some extra information to help you better. Please consider updating the opening post with the info mentioned in asking portfolio questions.

Also what is your goal and timeline of the non-retirement investments?

Regards,
by BeBH65
Thu Aug 17, 2017 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: ETF index fund, anytime a good time?
Replies: 13
Views: 1328

Re: ETF index fund, anytime a good time?

Hello purpleArc, The Bogleheads investment principles are applicable outside of the US. You want to pay attention for tax issues with us-domiciled investments when selecting the actual funds you want to invest in. What country are you from? Best to add your country name to the title of your thread t...
by BeBH65
Wed Aug 16, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: Tax advantaged [pension] plan advantageous in Belgium?
Replies: 7
Views: 741

Re: Tax advantaged [pension] plan advantageous in Belgium?

Hello Ignition, I'm 28 years old and can only touch the pension fund penalty free when I'm 60. I don't see the point of bonds over a timeframe of 32 years. In the Bogleheads investment philosophy we believe in buy and hold investing and keeping a good mix of stocks and bonds (including other fixed i...
by BeBH65
Wed Aug 16, 2017 6:45 am
Forum: Investing - Help with Personal Investments
Topic: Tax advantaged [pension] plan advantageous in Belgium?
Replies: 7
Views: 741

Re: Tax advantaged [pension] plan advantageous in Belgium?

I'm also considering to stop adding to my pension plan. I don't think the pension fund will perform equally to the ETF because pension funds usually hold quite a high amount of bonds (I believe my pension fund holds about 40% bonds which could easily cost me 1-2% a year in returns over the long run...
by BeBH65
Fri Aug 11, 2017 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Why Worry About US Estate Tax for Non-Resident Aliens
Replies: 25
Views: 2018

Re: Why Worry About US Estate Tax for Non-Resident Aliens

It's not the 0.07% vs 0.04% expense ratio that is the problem. The problem is the double taxation of dividends in accumulating mutual funds traded in Europe. Before dividends from S&P 500 companies are reinvested into the S&P 500 index fund, at least 15% of the dividends are withheld by the US gove...
by BeBH65
Tue Aug 08, 2017 1:48 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for [Italian investor]
Replies: 7
Views: 709

Re: Portfolio for [Italian investor]

Hello Sec, Welcome to the forum. There have been some threads on investing from Italy, please do a search for them. You seem to have investigated this in depth already. If you want some more background reading have a look at Outline_of_international_domiciles [Post split from https://www.bogleheads....
by BeBH65
Tue Aug 08, 2017 1:28 pm
Forum: Investing - Help with Personal Investments
Topic: Portfolio for belgian (Europe) investor
Replies: 68
Views: 5047

Re: Portfolio for belgian (Europe) investor

Broker charges 7,5 euro for transactions on Euronext up to 2500 euro. 15 euro on transactions from 2500 up to 70 000 euro. The small cap etf is listed on Xetra and they charge 15 euro for transactions up to 2500 euro. I rebalance and do transactions annually. So maximum 4 transactions/year. ok that...