Search found 6 matches

by mavenleek
Thu Apr 20, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in foreign ETFs (€)
Replies: 6
Views: 487

Re: Invest in foreign ETFs (€)

For converting € to $, I'm lucky to have a friend that needs to do exactly the opposite in the coming weeks, so I would not induce any forex fees.

I think it's a better outcome that having the money sitting on my account in Europe!

Thanks a lot for your advice!
by mavenleek
Thu Apr 20, 2017 4:07 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in foreign ETFs (€)
Replies: 6
Views: 487

Re: Invest in foreign ETFs (€)

Thanks for the info and the pointers regarding the PFIC tax and reporting rules. So what are my real options? I feel hesitant converting my € to $ mostly because I would be converting at the lowest rate of the past 5 years. In addition, I'm not excluding to going back to Europe at some point in the ...
by mavenleek
Wed Apr 19, 2017 1:27 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in foreign ETFs (€)
Replies: 6
Views: 487

Re: Invest in foreign ETFs (€)

Thanks for the suggestion. IB seems to be a good solution.

I was thinking that I could also transfer € to $ and invest it ETFs that are exposed to the European market and € currency. Any gain in the exchange rate would be immediately reflected in the $ valuation. Does it make sense?
by mavenleek
Wed Apr 19, 2017 12:01 pm
Forum: Investing - Help with Personal Investments
Topic: Invest in foreign ETFs (€)
Replies: 6
Views: 487

Invest in foreign ETFs (€)

Hi! I'm a foreign national living in the US for some time now and started investing only recently in ETFs. I have some money in a German bank account in € and would like to wire the money in the US to start investing with it. However, I would like to invest in € to not have to bear the risk of curre...
by mavenleek
Tue Apr 11, 2017 12:28 pm
Forum: Investing - Help with Personal Investments
Topic: Want to confirm my retirement decision logic
Replies: 7
Views: 865

Re: Want to confirm my retirement decision logic

Thanks for your inputs. We do live in Silicon Valley, hence the downpayment will be very significant if we decide to settle here. I'm pretty sure we will be above the 196K AGI limit in 2017 so traditional IRA tax savings will not be an option. I never considered the Roth IRA because (1) I thought it...
by mavenleek
Tue Apr 11, 2017 10:46 am
Forum: Investing - Help with Personal Investments
Topic: Want to confirm my retirement decision logic
Replies: 7
Views: 865

Want to confirm my retirement decision logic

Hi, I'm glad I found a very active community to discuss about personal finance. I have a very simple question and would like your inputs. Wife (30) - New job started Feb 1st. - Gross Income 140K + 15% bonus (pretty much guaranteed) - 401K with employer match of 100%, up to 6% of her salary (with a $...

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