Search found 1663 matches

by BeBH65
Tue Sep 22, 2020 11:56 am
Forum: Non-US Investing
Topic: Should I cash out IWDA and invest in SWRD instead?
Replies: 2
Views: 509

Re: Should I cash out IWDA and invest in SWRD instead?

Have you looked at the return for the previous periods? That are not that different.

Iwda does security lending which gives an extra o.oX% return.
Swrd does not lend out its assets, and hence does not have the extra return
by BeBH65
Sat Sep 19, 2020 2:14 pm
Forum: Non-US Investing
Topic: Going 100% into VWCE [Vanguard FTSE All-World UCITS ETF]
Replies: 15
Views: 1577

Re: Going 100% into VWCE [Vanguard FTSE All-World UCITS ETF]

If 100% stock is good for you, is something only you can decide. How would you feel if your investment dropped with 50% and did not recover even after a few years. This fund contains large cap stocks of the whole world. This is very diversified. VWCE is a the accumulating class denoted in Euro of th...
by BeBH65
Fri Sep 18, 2020 12:23 am
Forum: Non-US Investing
Topic: taxes in Germany for ETFs not bought in Germany?
Replies: 11
Views: 1064

Re: taxes in Germany for ETFs not bought in Germany?

Not a German resident here, this is what i understand based on my own situation and the information previously posted here. Please check this with a reputable source. You will be a German resident during your stay in Germany. As German resident you will have to "report" an possibly pay taxes on your...
by BeBH65
Tue Sep 08, 2020 8:04 am
Forum: Non-US Investing
Topic: taxes in Germany for ETFs not bought in Germany?
Replies: 11
Views: 1064

Re: taxes in Germany for ETFs not bought in Germany?

logically i shouldnt have to pay for both scenarios as the ETF was purchased as a singapore tax resident and NOT as a german tax resident Why would you think this is "logically"? I would find it more logically that you are taxed on the gains made during your stay in Germany. Don't know the German t...
by BeBH65
Sun Sep 06, 2020 12:17 pm
Forum: Investing - Theory, News & General
Topic: In accumulation phase, should you ever need more than 10% fixed income?
Replies: 27
Views: 2379

Re: In accumulation phase, should you ever need more than 10% fixed income?

Is there really any need to ever have more than 10% bonds/fixed income in your retirement portfolio during accumulation? If you want the most growth potential and just need something not correlated to equities to rebalance with, this seems like the best strategy. Why push risk tolerance when you kn...
by BeBH65
Fri Sep 04, 2020 3:22 am
Forum: Spain
Topic: Feedback on EU portfolio build for long term investment [Spain]
Replies: 4
Views: 518

Re: Feedback on EU portfolio build for long term investment [Spain]

In addition. Yes a Euro Treasury fund will not have currency volatility, also the quality of the bonds is high; however it will go up and down when intrest rates change. The fund you highlighted has a duration of 21,75. This means that it will drop with 21,75% if the intrest rate augments with 1%, a...
by BeBH65
Tue Sep 01, 2020 10:53 pm
Forum: Personal Investments
Topic: TSP Balance will be close to 1M (hopefully) in a few years
Replies: 19
Views: 2465

Re: TSP Balance will be close to 1M (hopefully) in a few years

Please have a look at the wiki page on Asking_portfolio_questions

Please update the opening post with the requested information .
by BeBH65
Mon Aug 31, 2020 11:40 am
Forum: Non-US Investing
Topic: Migrating & broker account
Replies: 4
Views: 359

Re: Migrating & broker account

Maybe.

Looks like you will become domiciled in Australia and subject or the local legislation. It might be easier with a local broker to comply with all the rules.
by BeBH65
Sat Aug 29, 2020 3:48 pm
Forum: Personal Investments
Topic: Currency hedged bond fund shares underperform?
Replies: 9
Views: 525

Re: Currency hedged bond fund shares underperform?

The choices for investors from Belgium are mentioned in the 'investing from Belgium' wiki page.

Vagf and Aggh are excellent as part of the stable part of one's portdolio; a very broad diversification of high quality bonds with limited currency volatility.
by BeBH65
Sat Aug 29, 2020 3:41 pm
Forum: Non-US Investing
Topic: VTI/VXUS- Need guidance [India]
Replies: 45
Views: 3084

Re: VTI/VXUS- Need guidance [India]

EU Domiciled UCITS ETFs ETFs domiciled in Europe (normally with a UCITS structure) are taxed heavily by the Irish Revenue. The Exit Tax regime applies whereby capital gains are charged at a rate of 41%. This is higher than the rate of capital gains tax normally applied to investment gains which is ...
by BeBH65
Mon Aug 24, 2020 4:18 pm
Forum: Personal Investments
Topic: Currency hedged bond fund shares underperform?
Replies: 9
Views: 525

Re: Currency hedged bond fund shares underperform?

I'm currently looking for a bond fund as a part of my asset allocation, when I came across this fund: https://www.ishares.com/nl/particuliere-belegger/nl/producten/291770/ishares-global-aggregate-bond-ucits-etf-fund If the language of the site poses an issue, see this image of the annual returns fo...
by BeBH65
Mon Aug 24, 2020 8:33 am
Forum: Non-US Investing
Topic: MSCI World vs MSCI ACWI
Replies: 13
Views: 1028

Re: MSCI World vs MSCI ACWI

ACWI's weights of emerging markets aren't exactly market cap, e.g. China gets half the weight of Japan despite being a larger market, but FTSE All-World has the same problem. The indexes discussed in this thread are free-float market cap; also for emerging markets. Hence both Japan and China seem c...
by BeBH65
Sun Aug 23, 2020 12:48 pm
Forum: Non-US Investing
Topic: MSCI World vs MSCI ACWI
Replies: 13
Views: 1028

Re: MSCI World vs MSCI ACWI

MSCI world holds the largest 1600 stocks of the developed markets. MSCI ACWI extends this to small cap stocks. Alternatives: - Vanguard all world (VWRA/VWRL/VWCE/... ) ER 0.22% large cap developed and emerging markets OR - MSCI world ( IWDA but also SWRD) ER 0,20 and 0.12% large cap developed possib...
by BeBH65
Sat Aug 22, 2020 12:54 pm
Forum: Non-US Investing
Topic: Losing hard in the "safe" Game. [Belgium]
Replies: 4
Views: 910

Re: Losing hard in the "safe" Game.

I want to advise friends and family to invest in vwce because this is the best option in Belgium (iwda + emim is pretty good too) ... for the equity portion of their portfolio. Stocks can loose 50% of more; it is possible that this loss will not have recovered after several years. Never_bear_too_mu...
by BeBH65
Sat Aug 22, 2020 5:29 am
Forum: Non-US Investing
Topic: VTI/VXUS- Need guidance [India]
Replies: 45
Views: 3084

Re: VTI/VXUS- Need guidance

Your calculation seems to correspond to the one on the wiki: Calculating_dividend_tax_withholding_as_a_ratio

Here is a page that could help you decide between US and non-US fund: Nonresident_alien's_ETF_domicile_decision_table
by BeBH65
Wed Aug 19, 2020 12:28 pm
Forum: Non-US Investing
Topic: Why are Vanguard UCITS funds so expensive?
Replies: 14
Views: 1700

Re: Why are Vanguard UCITS funds so expensive?

While/Because the indexes are not the same: - VXUS does not include US and has >7000 stocks. Medium market cap: $27.6 billion. - VWRL does include the US but has about 3000 stocks. Medium market cap: 69.6 B. one could expect the differences to even make the UCITS fund cheaper to run. Better compari...
by BeBH65
Wed Aug 19, 2020 10:22 am
Forum: Non-US Investing
Topic: Why are Vanguard UCITS funds so expensive?
Replies: 14
Views: 1700

Re: Why are Vanguard UCITS funds so expensive?

While/Because the indexes are not the same: - VXUS does not include US and has >7000 stocks. Medium market cap: $27.6 billion. - VWRL does include the US but has about 3000 stocks. Medium market cap: 69.6 B. one could expect the differences to even make the UCITS fund cheaper to run. Better comparis...
by BeBH65
Wed Aug 19, 2020 6:05 am
Forum: Non-US Investing
Topic: UK pension for EU citizen
Replies: 5
Views: 400

Re: UK pension for EU citizen

Thanks.

>> I will go for the flexible approach; probably in 2 or 3 installments.
>> have taken note of the article of the double tax treaty. Will use is in my BE tax return to strive for non-taxation in Belgiem.
by BeBH65
Tue Aug 18, 2020 2:51 pm
Forum: Non-US Investing
Topic: Rate my (planned) portfolio (EU)
Replies: 5
Views: 517

Re: Rate my (planned) portfolio (EU)

- your expenses seem incredible low.
- how will you provide for your health care?
- 85% on IWDA / 15% on EMIM is about market weight so good.
- bonds provide stability in a portfolio. How will you react if your stocks crash with 50% and even after many years do not recover?
by BeBH65
Tue Aug 18, 2020 1:26 pm
Forum: Non-US Investing
Topic: UK pension for EU citizen
Replies: 5
Views: 400

Re: UK pension for EU citizen

Hello, In the past, I have worked a number of years in the UK and have contributed to both "state pension" and a "group personal pension plan" at Aegon. The amount is not huge: 20k GBP. I will be taxed on this in the UK and in my home country; my current tax rate is low and will remain low in the n...
by BeBH65
Tue Aug 18, 2020 10:21 am
Forum: Non-US Investing
Topic: UK pension for EU citizen
Replies: 5
Views: 400

UK pension for EU citizen

Hello, In the past, I have worked a number of years in the UK and have contributed to both (A) "state pension" and a (B) "group personal pension plan" at Aegon. The group personal pension plan is invested in a broadly diversified mutual fund; ER about 1.5%. Now I am back in my EU country, have no in...
by BeBH65
Mon Aug 17, 2020 2:13 pm
Forum: Non-US Investing
Topic: [EE] Investing into EU-domiciled ETFs in USD or EUR?
Replies: 2
Views: 198

Re: [EE] Investing into EU-domiciled ETFs in USD or EUR?

It is very difficult to predict exchange rates. Your currency risk is linked to the currency of the underlying asset; independent of the currency of the fund. Have a look at Non-US_investors_and_ETF_currencies . Taxation of dividends and capital gains depends on your country. Often accumulating fund...
by BeBH65
Sat Aug 15, 2020 12:57 pm
Forum: Non-US Investing
Topic: Belgium - Newbie kindly asking for portfolio feedback (1st investment, asset allocation, strategy and implementation)
Replies: 9
Views: 894

Re: Belgium - Newbie kindly asking for portfolio feedback (1st investment, asset allocation, strategy and implementation

Have you seen the wiki page Investing_from_Belgium ? For equity one can use: Vanguard FTSE All-World UCITS ETF USD Accumulation (EUR) (VWCE) >> large cap worldwide or iShares Core MSCI World UCITS ETF (IWDA/EUNL/SWDA) or SPDR MSCI World UCITS ETF (SWRD) >> large cap developped possibly with iShares ...
by BeBH65
Fri Aug 14, 2020 8:52 am
Forum: Non-US Investing
Topic: Ex-US fellows I think I've found a gem and I need your help !!
Replies: 57
Views: 4854

Re: Ex-US fellows I think I've found a gem and I need your help !!

danyboy7 wrote: Fri Aug 14, 2020 8:48 am However I might have found the solution.
Care to share it with the forum?
by BeBH65
Thu Aug 13, 2020 7:01 am
Forum: Non-US Investing
Topic: US v International (Investing Review) [UK Investor]
Replies: 33
Views: 2310

Re: US v International (Investing Review) [UK Investor]

Since the start of this thread (Mainly in part to the generous help of both Ted and ValueThinker) I have simplified and strengthened the core positions in my folio and reduced increased positions onto more cost effective platform(s). This is a more general question having spent a fair bit of time e...
by BeBH65
Mon Aug 10, 2020 12:17 pm
Forum: Non-US Investing
Topic: Leverage on mortgage
Replies: 17
Views: 1524

Re: Leverage on mortgage

I am buying a house and can get a bigger loan than I need for 2%. Should I maximize the loan so I can buy as much as I can in VWCE? Bogleheads don't like leverage but I don't see this going wrong.. 1. A intrest rate of 2% is high in Belgium. Today you should be able to get a rate well below 1%. 2. ...
by BeBH65
Thu Jul 30, 2020 1:41 pm
Forum: Personal Investments
Topic: Equity [Payoff mortgage with retirement funds?]
Replies: 5
Views: 325

Re: Equity [Payoff mortgage with retirement funds?]

You have credit card debt (what interest rate?) and no emergency fund. And you’re thinking of paying off the mortgage (what interest rate?) so you can free up money to throw at the credit card debt? Which could go up if an emergency happened because you have no emergency fund? I would approach in t...
by BeBH65
Tue Jul 28, 2020 11:18 am
Forum: Non-US Investing
Topic: Concentration risk over-rated?
Replies: 107
Views: 4064

Re: Concentration risk over-rated?

Anon9001,

If I remember correctly you are at the beginning of your investment career.
Please listen to the veterans on this forum who have seen it all and have recognized the value of the Boglehead principles through the years.
There is a reason why "Diversify" is one of them.

Regards,
by BeBH65
Fri Jul 24, 2020 1:02 pm
Forum: Non-US Investing
Topic: I'm 30. Should I diversify or stay 100% in equities?
Replies: 34
Views: 5305

Re: I'm 30. Should I diversify or stay 100% in equities?

100% equities---Scared money don't make no money! How did that advice work out for Nikkei investors circa 1989? The post " A short study of the recent Japanese crisis " in the Bogleheads blog has a lot of good information. Conclusion: Japan went through a stock market crisis of spectacular proporti...
by BeBH65
Fri Jul 24, 2020 4:33 am
Forum: Non-US Investing
Topic: Xtrackers II Global Government Bond UCITS ETF 1C - EUR Hedged (EUR) | DBZB
Replies: 10
Views: 1074

Re: Xtrackers II Global Government Bond UCITS ETF 1C - EUR Hedged (EUR) | DBZB

Does anyone use this ETF for their fixed income allocation? Xtrackers II Global Government Bond UCITS ETF 1C - EUR Hedged (EUR) | DBZB LU0378818131 If you do, I have a question. On the factsheet, the Yield to Maturity is stated to be -0.18%. It's negative. How is it possible to have a negative nomi...
by BeBH65
Thu Jul 23, 2020 4:39 pm
Forum: Non-US Investing
Topic: I'm 30. Should I diversify or stay 100% in equities?
Replies: 34
Views: 5305

Re: I'm 30. Should I diversify or stay 100% in equities?

I do have quite a bit of dry powder. Then you are not 100% equities. The fact that you have "dry powder" shows to me that you should not be 100% in equities, as you do not seem to like the volatility and risks equities bring to your portfolio. Cash, CD, saving accounts, bond(funds) can all provide ...
by BeBH65
Sun Jul 19, 2020 9:20 pm
Forum: Personal Investments
Topic: Why make a written financial plan?
Replies: 39
Views: 2469

Re: Why make a written financial plan?

Have you seen our wiki page? https://www.bogleheads.org/wiki/Investment_policy_statement In your posts you have been asking questions on many topics: AA, asset location, choice of funds,... Based on the responses on this forum you have presumably formulated a plan. To make sure that you "stay the co...
by BeBH65
Thu Jul 09, 2020 1:59 pm
Forum: Non-US Investing
Topic: Vxus is not tax-efficient for me
Replies: 8
Views: 1110

Re: Vxus is not tax-efficient for me

Imagine we invest for like 30 years in accumulating etfs, we'll have a giant allocation and would be a shame to sell that because we would have to pay an enormous amount of taxes to Brazil. But if we were investing trough dividends etf, we could just enjoy our passive income, and just sell it when ...
by BeBH65
Tue Jul 07, 2020 9:47 am
Forum: Non-US Investing
Topic: US expat (US->DE) feeling overwhelmed, seeking general advice
Replies: 7
Views: 928

Re: US expat (US->DE) feeling overwhelmed, seeking general advice

Some references to our wiki: Investing_from_outside_of_the_US Taxation_as_a_US_person_living_abroad and US_tax_pitfalls_for_a_US_person_living_abroad This is what I understood based on your and your spouses nationalities ( I am not a specialist, others -who are- may join the thread ). - Keep you mon...
by BeBH65
Tue Jul 07, 2020 9:37 am
Forum: Non-US Investing
Topic: How would you invest in my situation? [Brazil]
Replies: 38
Views: 1770

Re: How would you invest in my situation? [Brazil]

Hello, in my country (brazil) we always have to pay 27,5% of taxes in all dividends (even in Ireland ETFs). So if I choose US-domiciled ETFs, it wouldn't make a big difference, I would have to pay 30% of taxes in dividends only to the US (Because we don't have to pay twice). So, the best thing is t...
by BeBH65
Tue Jul 07, 2020 9:22 am
Forum: Non-US Investing
Topic: Vxus is not tax-efficient for me
Replies: 8
Views: 1110

Re: Vxus is not tax-efficient for me

Hello, in my country (brazil) we always have to pay 27,5% of taxes in all dividends (even in Ireland ETFs). So if I choose US-domiciled ETFs, it wouldn't make a big difference, I would have to pay 30% of taxes in dividends only to the US (Because we don't have to pay twice). So, the best thing is t...
by BeBH65
Tue Jun 30, 2020 7:44 am
Forum: Non-US Investing
Topic: [Germany] First time investor_Seeking advice_Beginner
Replies: 8
Views: 664

Re: [Germany] First time investor_Seeking advice_Beginner

I wanted to go for US market, because it does better than average (Word market). Why is it not advisable to do that? You need to change the verb tense on your statement: "does" --> "did". There are a few countries that did even better then the US: SouthAfrica, Denmark, Australia. Why not choose tho...
by BeBH65
Mon Jun 29, 2020 2:37 pm
Forum: Non-US Investing
Topic: [Germany] First time investor_Seeking advice_Beginner
Replies: 8
Views: 664

Re: [Germany] First time investor_Seeking advice_Beginner

Hello, The Bogleheads® originated in the United States, and the principles are applicable worldwide. The non-US section of this wiki and the Non-US investing forum focus on topics that specifically affect non-US investors. Both the wiki and forum were built by volunteers who are dedicated to helping...
by BeBH65
Mon Jun 29, 2020 11:17 am
Forum: Personal Investments
Topic: Determining my AA: wisdom vs guts feelings.
Replies: 25
Views: 1723

Re: Determining my AA: wisdom vs guts feelings.

Also do a search on the forum for "sequence of return" risk and "bond tent".... This might be the moment to lower your equity exposure.
by BeBH65
Sat Jun 27, 2020 10:05 am
Forum: Investing - Theory, News & General
Topic: lump sum investing vs dollar cost averaging in the present market
Replies: 66
Views: 3298

Re: lump sum investing vs dollar cost averaging in the present market

no this is for my children or for me say 30 years from now. The point is I saw an article showing that LSI usually outperforms, but when it doesn't, it can underperform a lot compared to DCA. I try to copy the link below. https://ofdollarsanddata.com/wp-content/uploads/2020/02/ls_v_dca_outperforman...
by BeBH65
Mon Jun 15, 2020 12:35 pm
Forum: Non-US Investing
Topic: super newbie.. please advise - 24F Singapore
Replies: 3
Views: 451

Re: super newbie.. please advise - 24F Singapore

Hello Kero, Welcome on the forum. Investing from Singapore has been the topic of some threads and some wiki pages. Do a search on the forum https://www.google.com/search?sitesearch=bogleheads.org&q=singapore Let me already comment on one of your statements: - IWDA (LSE) - US companies in USD (includ...
by BeBH65
Thu Jun 11, 2020 11:36 am
Forum: Non-US Investing
Topic: US stock tilt for European investors
Replies: 22
Views: 1125

Re: US stock tilt for European investors

Hello, everyone. Mr Bogle used to recommend an international (ex-US) allocation of no more than 20%. Vanguard recommends 20-40%. Two of the largest and most popular European ETFs are: iShares Core MSCI World UCITS ETF (IWDA) iShares Core S&P 500 UCITS ETF (CSPX) Combining the two would allow an Eur...
by BeBH65
Mon Jun 08, 2020 8:28 am
Forum: Non-US Investing
Topic: Hedging equities?
Replies: 35
Views: 2244

Re: Hedging equities?

What if my currency is "crap", ie not a reserve currency? Is hedging the fixed income to USD the way to go? In what currency do you "count"? In what currency are your expenses ? What currency is the one that you want to keep stable? I "count" and income is in USD, spend in RUB and GEL, keep stable ...
by BeBH65
Mon Jun 08, 2020 6:56 am
Forum: Non-US Investing
Topic: Hedging equities?
Replies: 35
Views: 2244

Re: Hedging equities?

Rosales wrote: Mon Jun 08, 2020 6:40 am What if my currency is "crap", ie not a reserve currency? Is hedging the fixed income to USD the way to go?
In what currency do you "count"? In what currency are your expenses ? What currency is the one that you want to keep stable?
by BeBH65
Mon Jun 08, 2020 6:55 am
Forum: Non-US Investing
Topic: Hedging equities?
Replies: 35
Views: 2244

Re: Hedging equities?

For those thinking about hedging. Remember:

- There is a cost to it.
- It works in both directions: you will not have any loses due to currency
- it is rather short term: i.e. it evens out short-term-volatility, but not the multi year variations.
by BeBH65
Sun Jun 07, 2020 3:26 pm
Forum: Non-US Investing
Topic: Hedging equities?
Replies: 35
Views: 2244

Re: Hedging equities?

Maybe this Vanguard Paper can help.
by BeBH65
Fri Jun 05, 2020 11:15 am
Forum: Non-US Investing
Topic: Investments in Euro
Replies: 9
Views: 791

Re: Investments in Euro

It will be very difficult to find something "steady and reliable" with a return of 1% in Euro.
If you like to achieve 1% in Euro, you will have to take some risk (bonds) or more risk (stocks).
by BeBH65
Fri Jun 05, 2020 7:49 am
Forum: Non-US Investing
Topic: Dividends of accumulating European ETF
Replies: 2
Views: 284

Re: Dividends of accumulating European ETF

As this fund is accumulating it will reinvest any dividends it received, as such you do not have any "dividend income" stricto sensu. The amount of reinvested dividends is not reported anywhere on the simplified reporting. You might need to look into the yearly and half-yearly reporting that you can...