Search found 991 matches

by TedSwippet
Thu Jul 21, 2016 3:27 am
Forum: Investing - Help with Personal Investments
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 56
Views: 10426

Re: Non-US citizen with US Brokers: Estate Tax risk?

But all this talk about changing laws etc makes me quite nervous. Also TedSwippet commented on another thread about the process and there were lots of US IRS forms mentioned and a 9 month delay... You can relax. You have done everything sensible to counter both unnecessary US dividend tax and any p...
by TedSwippet
Thu Jul 14, 2016 11:43 am
Forum: Investing - Help with Personal Investments
Topic: First-timer Investing in Bonds and ETFs [UK]
Replies: 14
Views: 820

Re: First-timer Investing in Bonds and ETFs [UK]

... so I am better of just keeping it in for now I think until I get up to about £5000 or so? Then I will move somewhere with a flat rate fee. Seems about right to me, given what you plan to do. At the moment even a steep-looking 0.45% annual fee on holdings will be lower than what you would pay in...
by TedSwippet
Thu Jul 14, 2016 3:07 am
Forum: Investing - Help with Personal Investments
Topic: First-timer Investing in Bonds and ETFs [UK]
Replies: 14
Views: 820

Re: First-timer Investing in Bonds and ETFs [UK]

I've just logged into HL and it seems that they have no fees for trading ETFs? Anyway I have just purchased £1000 of lifestrategy 80 and have no fees. LifeStrategy 80 is an OEIC fund , not an ETF. Hargreaves Lansdown charges nothing for fund transactions, but it does charge 0.45% annual fund manage...
by TedSwippet
Wed Jul 13, 2016 8:36 am
Forum: Investing - Help with Personal Investments
Topic: UK Newbie - 23, advice please!
Replies: 3
Views: 237

Re: UK Newbie - 23, advice please!

Vanguard FTSE Developed World ex-UK Equity Index (£865), Accumulation (GBP) Vanguard LifeStrategy 80% Equity (£819), Accumulation (GBP) Vanguard LifeStrategy 80% Equity (£516), [Income, presumably?] This looks slightly weird to me. Unless these are in separate accounts -- say one in a SIPP and one ...
by TedSwippet
Tue Jul 12, 2016 3:16 am
Forum: Investing - Help with Personal Investments
Topic: What's a new, 70 yr old European investor to do [France]
Replies: 3
Views: 373

Re: What's a new, 70 yr old European investor to do [France]

... Vanguard funds or even ETFs could not be purchased in any of her accounts. And apparently you can't buy those in a PEA because it's a US fund. Vanguard's US funds may be problematic, but Vanguard's EU domiciled funds and UCITS ETFs ought to be accessible through a French brokerage, bank, or oth...
by TedSwippet
Mon Jul 11, 2016 5:15 pm
Forum: Investing - Help with Personal Investments
Topic: Dubai Based Investment Planning - the way to go ?
Replies: 8
Views: 729

Re: Dubai Based Investment Planning - the way to go ?

Welcome to the forum. Lots to digest here, but I'll just pick up on one item. I assume below that you are not a US citizen (or green card holder), although you haven't made this explicit. If this is wrong and you are a US citizen then please amend your initial post to indicate this. 3. Should I worr...
by TedSwippet
Mon Jul 11, 2016 3:03 pm
Forum: Investing - Help with Personal Investments
Topic: Thoughts on Australian Asset Allocation
Replies: 8
Views: 398

Re: Thoughts on Australian Asset Allocation

A few years ago Vanguard released a research paper on the effects of home country bias in asset allocations. Australia is one of the countries covered by the report. You can find it here:

https://pressroom.vanguard.com/nonindexed/6.26.2012_The_Role_of_Home_Bias.pdf
by TedSwippet
Mon Jul 11, 2016 6:14 am
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Investments for Non US Citizens
Replies: 17
Views: 1768

Re: Tax Efficient Investments for Non US Citizens

What about additional costs such brokerage fees and bid /aks spread? ... In your experience, do these have negligible influence? Sorry, not my area. I live in a country with a US tax treaty but also with its own range of Vanguard funds for 'locals', so for the most part I can avoid tangling with br...
by TedSwippet
Sat Jul 09, 2016 2:53 pm
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Investments for Non US Citizens
Replies: 17
Views: 1768

Re: Tax Efficient Investments for Non US Citizens

T3) I've checked some Ireland vs US etf's and making the math the difference seems to be thin (0.2% for example). ... You lost me on the numbers. Vanguard's own reports for both VT and VWRD show the same dividend yield of 2.6%. Also, you do not pay any additional 15% tax on dividends from Ireland d...
by TedSwippet
Sun Jul 03, 2016 12:41 pm
Forum: Investing - Help with Personal Investments
Topic: Ireland versus the USA
Replies: 15
Views: 1688

Re: Ireland versus the USA

Seems like VEU is a us-centric fund that is not listed on other exchanges. Are there any Irish ETFs that are the same as VEU (FTSE All-World ex US)? Not that I know of, though I haven't searched thoroughly. In practice it would mostly be only US investors who will be greatly interested in a world e...
by TedSwippet
Sat Jul 02, 2016 2:50 pm
Forum: Investing - Help with Personal Investments
Topic: Ireland versus the USA
Replies: 15
Views: 1688

Re: Ireland versus the USA

What if, after switching over to Ireland, the political landscape in USA changes (which is quite likely), the tax code gets changed? I am sure we can expect change, because change is about the only constant in US tax law, but it is highly unlikely to be an improvement. In the nearly two decades tha...
by TedSwippet
Sat Jul 02, 2016 5:08 am
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Investments for Non US Citizens
Replies: 17
Views: 1768

Re: Tax Efficient Investments for Non US Citizens

But we've had estates of non-U.S. persons with assets in the U.S. that have paid U.S. estate tax. A few years ago a family friend died. He was a non-resident alien, and his US broker would not release funds to the estate until they received clearance from the IRS. To get this required me to file fo...
by TedSwippet
Fri Jul 01, 2016 10:52 am
Forum: Investing - Help with Personal Investments
Topic: US Based Investor With U.K Sterling
Replies: 15
Views: 1055

Re: US Based Investor With U.K Sterling

... it appears the FTSE 100 has already exceeded pre brexit figures ... I wouldn't necessarily ascribe this to confidence in the UK markets. A lot of the FTSE 100 stocks are multinationals or companies that make a lot of their revenue outside the UK. When the GBP falls their 'discounted future earn...
by TedSwippet
Fri Jul 01, 2016 7:12 am
Forum: Investing - Help with Personal Investments
Topic: Tax Efficient Investments for Non US Citizens
Replies: 17
Views: 1768

Re: Tax Efficient Investments for Non US Citizens

-Only cut from 30% to 15% You are going to find it hard to get under 15%. A half dozen countries have treaties with the US that reduce the dividend rate to 10%, but nothing below that. -Higher expense ratios But more than offset by the lower dividend tax. For example, all-world funds currently yiel...
by TedSwippet
Thu Jun 30, 2016 6:02 pm
Forum: Investing - Help with Personal Investments
Topic: What happen with my portfolio,if my broker bankrupt ? [non-US brokers]
Replies: 8
Views: 666

Re: What happen with my portfolio,if my broker bankrupt ? [non-US brokers]

This article might be useful: When you’re choosing a stock broker, cost is not the only consideration. You should also think about how safe your investments will be from fraud or loss. Many investors don’t understand exactly how their shares are held and what the risks to their account are if the w...
by TedSwippet
Wed Jun 29, 2016 4:08 pm
Forum: Investing - Help with Personal Investments
Topic: Irish estate taxes
Replies: 1
Views: 267

Re: Irish estate taxes

Just want to ask, doesn't Ireland also impose massive estate taxes? No, but teasing out why not can be a bit of an exercise in legalese. Ireland has an 'inheritance tax', imposed on either the heir or the deceased if either individual is Irish domiciled or resident . This is different to the US 'es...
by TedSwippet
Mon Jun 27, 2016 5:43 pm
Forum: Investing - Theory, News & General
Topic: Brexit and the role of currencies from a UK perspective
Replies: 10
Views: 745

Re: Brexit and the role of currencies from a UK perspective

Yes, we are worse off in absolute terms with the £Sterling currency depreciation. But that is not showing up on our spreadsheet! Indeed. On Friday UK, US and EU stocks were all down around 3%, but the GBP was down around 8% or so. My equity holdings are split 50:50 UK/ex-UK, so that half of my port...
by TedSwippet
Mon Jun 27, 2016 5:24 pm
Forum: Investing - Help with Personal Investments
Topic: Non-US and no capital gain tax portfolio + question about volume
Replies: 12
Views: 650

Re: Non-US and no capital gain tax portfolio + question about volume

My question is this: with an investment in the mid 6 figures and a yearly contribution of around 100K, should I be worried about the volume of trade of these EFT that seems low in my beginner's eyes? My objective is to hold for the next 20 years. This is not a "beginner's question" at all...
by TedSwippet
Mon Jun 27, 2016 5:10 pm
Forum: Investing - Help with Personal Investments
Topic: US Based Investor With U.K Sterling
Replies: 15
Views: 1055

Re: US Based Investor With U.K Sterling

Thanks to FATCA it is very unlikely that any UK broker or funds platform will touch you with a 10ft pole. While this may seem harsh, in reality they are probably doing you a favour. The most likely thing you would buy through them would be, in US terms, a PFIC, and subject to a US tax regime(*) that...
by TedSwippet
Sun Jun 26, 2016 1:17 pm
Forum: Investing - Theory, News & General
Topic: don't deal in GBP pound sterling today (June 23 2016)
Replies: 46
Views: 3850

Re: don't deal in GBP pound sterling today (June 23 2016)

gilgamesh wrote:The second highest Google search by Brits AFTER the vote was 'What is EU?'

Under-eighteens wondering what all the fuss was about, perhaps?
by TedSwippet
Fri Jun 24, 2016 5:18 pm
Forum: Investing - Theory, News & General
Topic: don't deal in GBP pound sterling today (June 23 2016)
Replies: 46
Views: 3850

Re: don't deal in GBP pound sterling today (June 23 2016)

HomoLudens wrote:I bet British voters didn't think about these nuts and bolts when they voted yesterday.

48.1% of them might have. I did. It didn't help.
by TedSwippet
Thu Jun 23, 2016 1:00 pm
Forum: Investing - Help with Personal Investments
Topic: Newcomer guidelines [Romanian living in Hong Kong]
Replies: 2
Views: 187

Re: Newcomer guidelines [Romanian living in Hong Kong]

Welcome. I'm from Romania resident, currently living in Hong Kong, working in finance/tech. Romania has a tax treaty with the US but unless there is something ... special about your situation there (you're a diplomat, say!) it will not cover you while you are living in Hong Kong. Hong Kong has no ta...
by TedSwippet
Thu Jun 23, 2016 3:34 am
Forum: Investing - Help with Personal Investments
Topic: Advice on investing an inheritance/windfall at a turning point in life - Singaporean Citizen
Replies: 22
Views: 3047

Re: Advice on investing an inheritance/windfall at a turning point in life

FiveK wrote:Do you have access to US markets? If so, consider some form of Three-fund portfolio - Bogleheads.

When considering this, read this wiki page on how US tax affects non-US persons. As a general rule you should probably favour Ireland domiciled ETFs over US domiciled ones.
by TedSwippet
Thu Jun 23, 2016 3:25 am
Forum: Investing - Help with Personal Investments
Topic: UK investing platforms for Vanguard funds
Replies: 16
Views: 834

Re: UK investing platforms for Vanguard funds

I will again look into the LifeStrategy funds. I had debated in my mind that 4 ETFs (2 shares and 2 bonds) might provide a better learning opportunity to her. On the other hand, I do not wish to overdo this at a high cost. I see what you're saying. Four ETFs would definitely give a feel of particip...
by TedSwippet
Wed Jun 22, 2016 5:32 pm
Forum: Investing - Help with Personal Investments
Topic: UK investing platforms for Vanguard funds
Replies: 16
Views: 834

Re: UK investing platforms for Vanguard funds

In the US, I have never come across this, and had not even considered looking out for these distinctions! If ETFs avoid the asset-based fee, ETFs should do just fine for her as she will deal only occasionally for periodic additional deposits. Ludicrous, isn't it? Regarding ETFs, well, yes, but. See...
by TedSwippet
Tue Jun 21, 2016 5:04 pm
Forum: Investing - Help with Personal Investments
Topic: Any ESPP Advice?
Replies: 23
Views: 1272

Re: Any ESPP Advice?

I've heard stories of people who had to declare bankruptcy due to having been given stock that was theoretically worth a fortune but who didn't sell it before the NASDAQ crash. You're probably thinking of the way ISOs interacted with AMT. It was a huge problem during the crash of 2001. Congress lat...
by TedSwippet
Tue Jun 21, 2016 2:16 pm
Forum: Investing - Help with Personal Investments
Topic: Any ESPP Advice?
Replies: 23
Views: 1272

Re: Any ESPP Advice?

... When a participant sells, gifts, or otherwise disposes of shares purchased under the Plan before the expiration of two years from the first day of the applicable Purchase Period or the Purchase Period: (i) The excess of the fair market value on the date of purchase over the amount paid for the ...
by TedSwippet
Tue Jun 21, 2016 11:34 am
Forum: Investing - Help with Personal Investments
Topic: UK investing platforms for Vanguard funds
Replies: 16
Views: 834

Re: UK investing platforms for Vanguard funds

One extra issue is the limit provided by the Investor Protection Scheme, which I think (but may be wrong) is £50k. I believe most people overthink the issue of FSCS protection as it relates to brokers and platforms. FCA rules require brokers to hold client money on trust and so fully segregated fro...
by TedSwippet
Tue Jun 21, 2016 11:14 am
Forum: Investing - Help with Personal Investments
Topic: UK investing platforms for Vanguard funds
Replies: 16
Views: 834

Re: UK investing platforms for Vanguard funds

For this amount, and considering that as a novice, she needs good service; she may opt to go with Hargreaves and Lansdown. Unit trusts or OEICS (aka mutual funds)? Or ETFs? If funds then the 0.45% Hargreaves Lansdown annual management charge starts to look pricey. Even at a starter value of £20k it...
by TedSwippet
Mon Jun 20, 2016 3:59 am
Forum: Investing - Help with Personal Investments
Topic: How can Thai-resident UK expat buy VTSAX or other low-cost Total Stock Market Index?
Replies: 5
Views: 335

Re: How can Thai-resident UK expat buy VTSAX or other low-cost Total Stock Market Index?

On the link you gave, there is only one US market fund, which is linked to the S+P 500 (i.e. large cap) rather than the broader market fund (which I understand has 3000+ companies). Is there a fund with this degree of exposure available to offshore investors? Ah, I see what you're looking for. I'm ...
by TedSwippet
Mon Jun 20, 2016 3:13 am
Forum: Investing - Help with Personal Investments
Topic: How can Thai-resident UK expat buy VTSAX or other low-cost Total Stock Market Index?
Replies: 5
Views: 335

Re: How can Thai-resident UK expat buy VTSAX or other low-cost Total Stock Market Index?

VTSAX is a mutual fund (a 'unit trust') and not an ETF, which is why you can't find it on broker's ETF lists :-) You should find these Ireland domiciled Vanguard ETFs available at any broker that offers trading on the LSE and/or other European exchanges. They will probably be a better bet for your s...
by TedSwippet
Mon Jun 20, 2016 2:56 am
Forum: Investing - Help with Personal Investments
Topic: UK domiciled investments to retire in Japan *TwoYen, Karamatsu, BPP
Replies: 6
Views: 507

Re: UK domiciled investments to retire in Japan *TwoYen, Karamatsu, BPP

I think if you die as a resident of Japan, USA have to apply an exception to its rule and treat you as if you were a US resident, effectively cancelling the 60,000 threshold. Japan has a US estate tax treaty , so if the treaty applies then you get the US exemption in place for residents and citizen...
by TedSwippet
Sun Jun 19, 2016 2:56 pm
Forum: Investing - Help with Personal Investments
Topic: UK investing platforms for Vanguard funds
Replies: 16
Views: 834

Re: UK investing platforms for Vanguard funds

In UK, if one is not seeking advice or help in managing investments, and making own investments into VG funds, do the platform houses still charge a fee based on total assets? Most do, for unit trusts and OEICs (aka mutual funds). Not all, though -- there are a handful of 'flat fee' platforms, whic...
by TedSwippet
Tue Jun 14, 2016 3:59 am
Forum: Investing - Help with Personal Investments
Topic: Starting with Vanguard - Recent UK Graduate
Replies: 3
Views: 291

Re: Starting with Vanguard - Recent UK Graduate

I am currently considering investing a small amount on a regular, passive basis and currently attracted to a Vanguard option. Given that I am just starting out, I am thinking I should only build up a single fund initially, then look to move towards diversifying after I get a few pay rises and have ...
by TedSwippet
Mon Jun 13, 2016 11:13 am
Forum: Investing - Help with Personal Investments
Topic: A few questions before the final plunge [30 yo, foreign investor]
Replies: 15
Views: 1650

Re: A few questions before the final plunge [30 yo]

That misses the point a little. That is for US situs assets held overseas. Overseas financial institutions won't do much to enforce payment of US tax obligations. Maybe though, as Ted suggests, that will be changed in the future as the US looks for more spare change. From this article , seemingly p...
by TedSwippet
Mon Jun 13, 2016 6:43 am
Forum: Investing - Help with Personal Investments
Topic: A few questions before the final plunge [30 yo, foreign investor]
Replies: 15
Views: 1650

Re: A few questions before the final plunge [30 yo]

I think the estate tax one isn't much of a worry in practice. I read somewhere (can't find a link, so maybe I hallucinated it) that there was some trivially small number of IRS filings for NRA estate tax (i.e. far far less than you would reasonably guess there should be). Probably this article from...
by TedSwippet
Sun Jun 12, 2016 4:38 pm
Forum: Investing - Help with Personal Investments
Topic: A few questions before the final plunge [30 yo, foreign investor]
Replies: 15
Views: 1650

Re: A few questions before the final plunge [30 yo]

... Unless your country has good tax-treaty with the US it is unlikely that US-domiciled funds will be good for you. Lithuanian residents pay a 15% tax treaty rate on dividends, so no significant disadvantage there. Estate tax is still a worry, though. Lithuania has no estate tax treaty , so a US e...
by TedSwippet
Sat Jun 11, 2016 7:15 am
Forum: Investing - Help with Personal Investments
Topic: Here goes nothing: UK citizen, Saudi based, mid-30s.
Replies: 3
Views: 521

aRe: Here goes nothing: UK citizen, Saudi based, mid-30s.

Welcome.

This all seems eminently sensible to me. It is simple, efficient, and avoids some nasty potential US and UK tax traps. I could certainly live with this, and sleep well.

Congratulations. I'd say you're done planning :-)
by TedSwippet
Fri Jun 10, 2016 6:00 pm
Forum: Investing - Help with Personal Investments
Topic: Vanguard and tax withholdings for non-resident aliens
Replies: 3
Views: 182

Re: Vanguard and tax withholdings for non-resident aliens

1. I am supposed to fill out form W-8BEN in order to get these reduced rates of withholding and send it in to Vanguard. Vanguard's customer service rep seemed kind of clueless, and the form itself doesn't seem to go much into specifics of what the treaty benefits are. Anyone have any experience wit...
by TedSwippet
Thu Jun 02, 2016 5:31 am
Forum: Investing - Help with Personal Investments
Topic: Unmasking a Canadian holding a Vanguard IRA
Replies: 10
Views: 1264

Re: Unmasking a Canadian holding a Vanguard IRA

I plan to retire overseas, and am anticipating undertaking significant effort to move my assets into one of the very few brokerage houses that do business with U.S. expats. I recall that Schwab is one of those. ...except that US and other countries' laws, rules, and regulations around expat and 'of...
by TedSwippet
Thu Jun 02, 2016 3:30 am
Forum: Investing - Help with Personal Investments
Topic: Unmasking a Canadian holding a Vanguard IRA
Replies: 10
Views: 1264

Re: Unmasking a Canadian holding a Vanguard IRA

Gill wrote:What makes you think Vanguard will terminate the account? ...

Probably articles like this one, this one, and this one.
by TedSwippet
Wed May 25, 2016 3:42 am
Forum: Investing - Help with Personal Investments
Topic: UK Passive Index Investing Advice
Replies: 6
Views: 497

Re: UK Passive Index Investing Advice

There is a wealth of UK specific information to be found in Monevator's guide to passive investing in the UK.
by TedSwippet
Tue May 24, 2016 5:50 am
Forum: Investing - Help with Personal Investments
Topic: Irish Resident - US domiciled ETFs portfolio
Replies: 71
Views: 5881

Re: Irish Resident - US domiciled ETFs portfolio

That Irish investors can do better tax-wise with US domiciled ETFs than with Ireland domiciled or UCITS ones seems entirely counter-intuitive. I am sure you've investigated it thoroughly, but the situation as you described it makes one wonder what Revenue Ireland were thinking when they came up with...
by TedSwippet
Sun May 15, 2016 8:30 am
Forum: Investing - Help with Personal Investments
Topic: Getting dividends from US ETF. Does the broker tell you?
Replies: 11
Views: 897

Re: Getting dividends from US ETF. Does the broker tell you?

... if you hold US shares through an Irish broker and die, the Irish broker can distribute the assets once they see an Irish grant of probate, and the IRS has no visibility on the inheritance of the shares and can't come looking for any tax. Even if true, for how long? From this recent article on U...
by TedSwippet
Mon May 02, 2016 1:34 pm
Forum: Investing - Help with Personal Investments
Topic: Getting dividends from US ETF. Does the broker tell you?
Replies: 11
Views: 897

Re: Getting dividends from US ETF. Does the broker tell you?

... if you buy through an Irish broker the shares are held in a nominee account. In case of death, the Irish broker doesn't need to see a US grant of probate, and the tax is not paid. According to this article a nominee account provides no protection: ... a non-resident alien is still subject to fe...
by TedSwippet
Mon May 02, 2016 11:00 am
Forum: Investing - Help with Personal Investments
Topic: Getting dividends from US ETF. Does the broker tell you?
Replies: 11
Views: 897

Re: Getting dividends from US ETF. Does the broker tell you?

... I don't know about taxes and tax withholding for foreign nationals. Someone else will have to answer that. Generally the broker withholds US tax. Be sure to send them a W-8BEN form to get the 15% US/Ireland treaty rate for dividends -- without that the broker will withhold US tax at 30% and you...
by TedSwippet
Sun May 01, 2016 2:57 am
Forum: Investing - Help with Personal Investments
Topic: Just started my Investment Portfolio.. Please advise [Singapore]
Replies: 5
Views: 419

Re: Just started my Investment Portfolio.. Please advise [Singapore]

Bogle_Feet wrote:Yeah. Invest in America. SPY

SPY is US-domiciled. Non-US persons are usually better off avoiding US domiciled ETFs.
by TedSwippet
Fri Apr 29, 2016 2:54 pm
Forum: Investing - Theory, News & General
Topic: Revisit ETF taxation for Europeans (and other NRA)
Replies: 21
Views: 2031

Re: Revisit ETF taxation for Europeans (and other NRA)

A big issue with US-domiciled ETFs in my opinion is that in case of death the US will levy up to 40% estate tax on assets over the value of $60,000 USD. ... except if you are domiciled in one of the countries with which the US has an estate tax treaty . The most common rule for non-resident aliens ...
by TedSwippet
Thu Apr 28, 2016 3:29 am
Forum: Investing - Help with Personal Investments
Topic: Expat and overseas funds
Replies: 20
Views: 1540

Re: Expat and overseas funds

sperry8 wrote:Vanguard appears to operate in Europe: https://global.vanguard.com/portal/site/home

For clarification, all of the Vanguard Europe and non-US funds referenced above will be US PFICs, making them toxic investments for US persons.

Go to advanced search