Search found 18 matches

by martinlarosa
Thu Aug 17, 2017 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Home Bias vs whatever else
Replies: 5
Views: 594

Re: Bond Home Bias vs whatever else

However your market expectations are different - you expect a low default risk with Argentina. Which is fine valid opinion. Oh but I didn't say Argentina has low probability of default. I was talking about low probability of the government to only allow us to withdraw a certain amount of money from...
by martinlarosa
Thu Aug 17, 2017 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Bond Home Bias vs whatever else
Replies: 5
Views: 594

Re: Bond Home Bias vs whatever else

The Argentines I know keep bank accounts in Miami etc. They fear confiscation by the government. I don't believe confiscation should be a factor anymore, I understand that when we couldn't take our money out of the banks in 2001 it was a consequence of going out of the 1 dollar = 1 peso delusion. S...
by martinlarosa
Tue Aug 15, 2017 1:43 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Home Bias vs whatever else
Replies: 5
Views: 594

Bond Home Bias vs whatever else

I'm from Argentina, a USD oriented country. Because of inflation we pay a lot of attention to the dollar exchange rate and Real State has always prices in USD. So I guess we are USD oriented.9 Currently my bond allocation is in Medium(2024) and Long Term(2033) Argentinian Bonds. Both are USD bonds f...
by martinlarosa
Sat Aug 12, 2017 3:42 pm
Forum: Investing - Help with Personal Investments
Topic: Dividend Tax vs IB Commissions
Replies: 2
Views: 372

Re: Dividend Tax vs IB Commissions

Ok, thank you very much for your response. I guess once I get a confirmation from my accountant I'll open an account with IB and move everything there. I'd have to also decide if it is better to hold one etf or the three that are mentioned in the Investing from Belgium wiki page. Once I have everyth...
by martinlarosa
Thu Aug 10, 2017 9:59 am
Forum: Investing - Help with Personal Investments
Topic: Dividend Tax vs IB Commissions
Replies: 2
Views: 372

Dividend Tax vs IB Commissions

Hi, I'm and Argentinian, Non US NRA with no tax treaty. Argentina taxes: 15% of the gains for selling stocks without a treaty 15% of the dividends from stocks without a treaty I don't pay taxes on non distributed dividends(pending confirmation but let's assume that for this post) Argentina allows to...
by martinlarosa
Fri Jun 23, 2017 9:29 am
Forum: Investing - Help with Personal Investments
Topic: What would you do if ETF was to expensive
Replies: 15
Views: 1359

Re: What would you do if ETF was to expensive

Thank you both for your replies. I checked and Argentina is one of the allowed countries in Interactive Brokers. But I see that the expense would be 120 dollars per year, as you need to pay 10 dollars per month, that might be adding up commissions or in maintenance fees if the commissions don't add ...
by martinlarosa
Fri May 19, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: What would you do if ETF was to expensive
Replies: 15
Views: 1359

Re: What would you do if ETF was to expensive

Ok I'll research that, but each international transfer to them would cost me 105 USD.

What about my bond allocation question?
by martinlarosa
Thu May 18, 2017 3:01 pm
Forum: Investing - Help with Personal Investments
Topic: What would you do if ETF was to expensive
Replies: 15
Views: 1359

Re: What would you do if ETF was to expensive

I have TDAmeritrade, but transfering money outside of the country is really expensive.
by martinlarosa
Thu May 18, 2017 11:35 am
Forum: Investing - Help with Personal Investments
Topic: What would you do if ETF was to expensive
Replies: 15
Views: 1359

Re: What would you do if ETF was to expensive

What about Bond allocation? I'm currently investing in Argentinian Bonds as they don't pay income nor wealth tax. Their denomination is USD. As I know you will ask, yes there are inflation tied bonds in pesos and also dollar linked bonds in pesos ARS (you buy them in pesos, and they give out pesos, ...
by martinlarosa
Thu May 18, 2017 10:39 am
Forum: Investing - Help with Personal Investments
Topic: What would you do if ETF was to expensive
Replies: 15
Views: 1359

Re: What would you do if ETF was to expensive

I'm not an expert on this, but here's a link to an article in the wiki about why non-residents might be better off in Irish domiciled etfs unless their country has a tax treaty with the US: https://www.bogleheads.org/wiki/Nonresident_alien_with_no_US_tax_treaty_%26_Irish_ETFs Thanks, I know about t...
by martinlarosa
Thu May 18, 2017 8:25 am
Forum: Investing - Help with Personal Investments
Topic: What would you do if ETF was to expensive
Replies: 15
Views: 1359

Re: What would you do if ETF was to expensive

Right, that's what I was thinking. 1.8% is a lot but doing long term investment so.... I hope it washes itself out
by martinlarosa
Thu May 18, 2017 8:08 am
Forum: Investing - Help with Personal Investments
Topic: What would you do if ETF was to expensive
Replies: 15
Views: 1359

What would you do if ETF was to expensive

I can access VT from my broker in Argentina. But the cost for buying and selling is 1.8%. Also I have to pay Income tax for dividends and capital gains. But if I invest in local assets, I only pay 0.6% for buying and selling and no income tax on anything. The problems is, they are local assets. Is t...
by martinlarosa
Thu Oct 20, 2016 2:38 pm
Forum: Investing - Help with Personal Investments
Topic: Bond portion for Non US person
Replies: 0
Views: 1695

Bond portion for Non US person

Hello, I want to know thoughts about my Bond portion of the portfolio. Being from argentina I would be taxed for owning, selling and earning dividends on any foreign bond or Bond ETF. In fact for the interests I'd be taxed twice, once from the bond domicile and once from my country. On the other han...
by martinlarosa
Thu Oct 13, 2016 8:44 am
Forum: Investing - Help with Personal Investments
Topic: NRA avoiding tax withholding [Argentina resident]
Replies: 12
Views: 1023

Re: NRA avoiding tax withholding [Argentina resident]

Interesting link TED. I have to find out if we do have access to Irish ETF in Argentina. We don't have any ETF in Argentina right now, but it is in the plans for the near future I believe. We have CEDEARs here, they are like ADRs but consist of deposits of US stocks in Argentina. So for exaple we ha...
by martinlarosa
Thu Oct 13, 2016 7:42 am
Forum: Investing - Help with Personal Investments
Topic: NRA avoiding tax withholding [Argentina resident]
Replies: 12
Views: 1023

Re: NRA avoiding tax withholding [Argentina resident]

Thanks for both replies. I'll drop one more thing as Erwin mentioned the word custodian. I asked about that was told that the assets would be in custody in Argentina, not with an American custodian. If the custodian is not US based, then it is up to the bank policies. Let me give you an example: I ...
by martinlarosa
Wed Oct 12, 2016 10:17 pm
Forum: Investing - Help with Personal Investments
Topic: NRA avoiding tax withholding [Argentina resident]
Replies: 12
Views: 1023

Re: NRA avoiding tax withholding [Argentina resident]

Thanks for both replies. I'll drop one more thing as Erwin mentioned the word custodian. I asked about that was told that the assets would be in custody in Argentina, not with an American custodian.
by martinlarosa
Wed Oct 12, 2016 9:33 pm
Forum: Investing - Help with Personal Investments
Topic: NRA avoiding tax withholding [Argentina resident]
Replies: 12
Views: 1023

Re: NRA avoiding tax withholding [Argentina resident]

Hi grabiner, I understand that argentina doesn't do a tax credit like that, it is just that it taxes the foreign income after foreign taxation. I'll double check on that just in case. But my question was more towards knowing if somebody here knows if the US would tax the investment, even though the ...
by martinlarosa
Wed Oct 12, 2016 6:54 pm
Forum: Investing - Help with Personal Investments
Topic: NRA avoiding tax withholding [Argentina resident]
Replies: 12
Views: 1023

NRA avoiding tax withholding [Argentina resident]

Hello Bogleheads, I've been reading a lot(here and elsewhere) and really bought into the investment philosophy. I'm from Argentina but last year I went for it and opened an account in TDAmeritrade in the USA to buy VTI and VXUS in the proportions that FTSE All-World Index establishes. There's that a...