Search found 1531 matches

by BeBH65
Tue Nov 05, 2019 5:04 am
Forum: Investing - Theory, News & General
Topic: Dividend investing vs. index investing
Replies: 30
Views: 2166

Re: Dividend investing vs. index investing

Op,
There are regularly threads on dividend investing;
Which arguments did you find the most compelling?
by BeBH65
Tue Nov 05, 2019 4:06 am
Forum: Non-US Investing
Topic: [wiki] New page for (potential) US citizens abroad: "US tax pitfalls ..."
Replies: 16
Views: 876

Re: [wiki] New page for (potential) US citizens abroad: "US tax pitfalls ..."

I quickly read thru it.

No major comments. Maybe you can explicitely write that UCITS funds are "not good".
by BeBH65
Mon Nov 04, 2019 1:55 pm
Forum: Non-US Investing
Topic: European ETFs historical data (including AUM, dividends/distributions, etc)
Replies: 5
Views: 346

Re: European ETFs historical data (including AUM, dividends/distributions, etc)

iShares.com publishes for their ETFs an Excel with daily price of the funds since inception and current positions.
by BeBH65
Mon Nov 04, 2019 12:24 pm
Forum: Non-US Investing
Topic: Italy - Global Govt bond ETF (.25% TER) vs Aggregate bond fund (.1%)
Replies: 9
Views: 584

Re: Italy - Global Govt bond ETF (.25% TER) vs Aggregate bond fund (.1%)

when you say the Italian government taxes bonds at the lower rates you quote above, does that mean actual bonds? Does the tax apply to bond funds and/or bond ETFs? Applies to bond funds/ETFs as well. So in an aggregate fund, the lower tax rate would be applied only to the % of treasury bonds, and t...
by BeBH65
Sat Nov 02, 2019 7:08 am
Forum: Non-US Investing
Topic: EU investor - keeping 1.5M in deposit/savings vs bonds/MMF during a downturn
Replies: 2
Views: 275

Re: EU investor - keeping 1.5M in deposit/savings vs bonds/MMF during a downturn

Most EU countries have a 100k guarantee per institution. The financial industry in every country has organised this in its way. In my understanding, the government is not always the key guarantor. One could assume that individual failing of a bank will be covered. If it would be industry wide failin...
by BeBH65
Wed Oct 30, 2019 1:28 am
Forum: Non-US Investing
Topic: ETF and brokers (hidden) costs in Germany
Replies: 14
Views: 962

Re: ETF and brokers (hidden) costs in Germany

However I don't really know how distributions are taxed. Most ETF are domiciled in Ireland, the taxation there is %20 on dividends. After you get the distribution from your ETF send to Germany you have to pay %26 again on 70% (Teilfreistellung) of the distribution. That would be 34% total tax on di...
by BeBH65
Tue Oct 29, 2019 6:47 am
Forum: Non-US Investing
Topic: Rebalancing in taxable accounts with capital gains liabilities
Replies: 4
Views: 532

Re: Rebalancing in taxable accounts with capital gains liabilities

In practice portfolio's tend to drift far less then one would imagine. Before a 60/40 portfolio drifts to 80/20 a lot would have happened (+33% on equities and -50% on bonds in your example). Choose your rebalancing bands wisely: Use your contributions and dividends to rebalance, and if that does no...
by BeBH65
Wed Oct 16, 2019 7:28 am
Forum: Non-US Investing
Topic: Navigating US tax traps
Replies: 9
Views: 1090

Re: Navigating US tax traps

Please have a look at the wikin pages: Outline_of_Non-US_domiciles#Tax_issues.

Summary It all depends on where you hold your assets, your nationality, your domicile, your residency and the applicable local-laws and tax-treaties.

We need more info to direct you to the correct rules.
by BeBH65
Wed Oct 16, 2019 7:24 am
Forum: Non-US Investing
Topic: UK Investors - simplified strategy
Replies: 30
Views: 1165

Re: UK Investors - simplified strategy

It's all relative. Whatever you choose to call it, the principle is correct. If you hold 2 otherwise identical funds, one priced in USD, one priced in GBP, as the exchange rate between the two currencies fluctuates, the value of one will go up as the other goes down and vice versa. I would say the ...
by BeBH65
Wed Oct 16, 2019 6:14 am
Forum: Non-US Investing
Topic: UK Investors - simplified strategy
Replies: 30
Views: 1165

Re: UK Investors - simplified strategy

This week, VWRL collapsed over 1% on the back of the pound strengthening. It's priced in GBP (we're talking UK here, remember?) but the underlyings are priced in USD, from what I can gather. So the risk is USD - GBP. The USD priced and denominated funds, sucj as the various ACWI funds, went up prop...
by BeBH65
Wed Oct 16, 2019 4:58 am
Forum: Non-US Investing
Topic: UK Investors - simplified strategy
Replies: 30
Views: 1165

Re: UK Investors - simplified strategy

The typical Boglehead approach is to: 1- choose your equity/bond split according to the risk you need, are able, and willing to take. 2- for bonds: choose something that is stable in your currency; this can be hedged. 3- for equity: diversify; a world fund is a neutral starting position; aligning on...
by BeBH65
Mon Oct 14, 2019 8:48 am
Forum: Non-US Investing
Topic: LSEETF vs. AEB
Replies: 17
Views: 948

Re: LSEETF vs. AEB

Currency conversion cost you.
If you earn and spend in euro, you can avoid the currency conversion charges by investing in a fund trading in euro.

((The trading currency is not related to the currency risk that you have linked to the currency of the underlying asset))
by BeBH65
Mon Oct 14, 2019 2:03 am
Forum: Non-US Investing
Topic: LSEETF vs. AEB
Replies: 17
Views: 948

Re: LSEETF vs. AEB

This makes me reflect: What are the money flows with ETFs, and who does currency conversions? ETFs are traded on a stock exchangenin a currency. One is buying from another person on the stock exchange in the trading currency. I do not see a currency conversion here. This is up to 99% of the etf trad...
by BeBH65
Mon Oct 14, 2019 1:34 am
Forum: Non-US Investing
Topic: Global Child Brokerage Accounts - Non US
Replies: 6
Views: 600

Re: Child Brokerage Accounts

Where are you living? Can you add that to the title and body of the opening post. (Use the pencil symbol). Your domicile will in a large way determine what is available to you. For example: in my country you are not allowed to invest money from children in the stock market until they are 16. It is c...
by BeBH65
Fri Oct 11, 2019 11:16 am
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1412

Re: portfolio advice: HNWI Early retiree from Italy/Germany

Hi Cafe72, Personally, I like to make a distinction between Asset allocation (choice between asset classes), and the actual choice of the funds (based on technical parameters). - For the asset allocation in equities, I would start your reflection starting from a world allocation. - I am assuming the...
by BeBH65
Thu Oct 10, 2019 7:50 am
Forum: Non-US Investing
Topic: Comparing VWRA with IWDA+EMIM combination
Replies: 20
Views: 2448

Re: Comparing VWRA with IWDA+EMIM combination

Personally I am currently staying with IWDA+EMIM.
I see no compelling reason to switch, the difference in ER confirms to me that my choice is good.
by BeBH65
Tue Oct 08, 2019 2:57 pm
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1412

Re: portfolio advice: HNWI Early retiree from Italy

Hello Cafe72, Welcome to the forum. Here is some additional thoughts, in addition to the answers that you already received. Looks like there are 3 horizons. 1- to buy the appartment : 1,5M in 2 years? 2- fixed income for the next 7 years: 7x 200-250k 3- long term growth (because pension will cover e...
by BeBH65
Tue Oct 08, 2019 1:22 pm
Forum: Non-US Investing
Topic: portfolio advice europe
Replies: 4
Views: 507

Re: portfolio advice europe

First step i indeed to put some money aside as an emergency fund: 6-12 month expenses A balanced portfolio could, in the past, in theory, sustain a withdrawal rate of 4% for 30 years. The 4% might not be realistic with the current global economy and your horizon is longer. Try to find another job be...
by BeBH65
Tue Oct 08, 2019 1:09 pm
Forum: Non-US Investing
Topic: Beginner investor from Lithuania seeking advice
Replies: 9
Views: 844

Re: Beginner investor from Lithuania seeking advice

Hello Buf, Welcome to the forum. You have already received good answers, here are some additional points. First up was asset allocation. This was easy - bond allocation is equal to my age, I'm almost 30 so 30% of bonds. this is indeed a rule of thumb. It actually depends on your need, ability and wi...
by BeBH65
Sun Oct 06, 2019 3:58 pm
Forum: Non-US Investing
Topic: Just started with P2P lending (Mintos). How risky is it?
Replies: 27
Views: 2385

Re: Just started with P2P lending (Mintos). How risky is it?

I just started with Mintos. Getting on 8-9% on my money sounds very good, obviously. I understand that means it's higher risk. So what are the risks exactly? -The loaner won't pay. I read the buyback guarantee helps with this, a lot. -Mintos could go bankrupt I guess or some fraud might happen with...
by BeBH65
Sat Oct 05, 2019 7:56 am
Forum: Non-US Investing
Topic: portfolio advice europe
Replies: 4
Views: 507

Re: portfolio advice europe

Can you explain the reasoning behind your asset allocation? It seems to deviate from what we see most often; seriously overweighting certain areas of the the investment it universe.
by BeBH65
Sat Oct 05, 2019 7:34 am
Forum: Non-US Investing
Topic: Currency hedged ETF IUSE
Replies: 3
Views: 241

Re: Currency hedged ETF IUSE

Not sure I see the same numbers as you. A quick view on m*.com shows me that 10k USD in spy would have grown to almost 15k USD now. If I look at IUSE in my local Euro m* then I see that 10k euro would have grown to almost 15k euro today. If these numbers are confirmed, by others, then iuse seem to h...
by BeBH65
Fri Oct 04, 2019 8:57 am
Forum: Non-US Investing
Topic: Beginner Investor
Replies: 6
Views: 856

Re: Beginner Investor

Hello Graves, Welcome on the forum. Desired Asset allocation: 75% stocks / 25% bonds (Currently European bonds have negative interests so I think that 25% could be in a Deposit). Hi I am a Software engineer from Italy and I'd like to start investing. The goal would be to have money aside for retirem...
by BeBH65
Thu Oct 03, 2019 8:32 am
Forum: Non-US Investing
Topic: Domestic market bias
Replies: 16
Views: 1109

Re: Domestic market bias

Our wiki lists different studies in the subject of home county bias Vs global diversification.
by BeBH65
Tue Oct 01, 2019 12:16 am
Forum: Non-US Investing
Topic: which bond etf is better?
Replies: 9
Views: 1271

Re: which bond etf is better?

Diversification is one of the principles of the Bogleheads. Instead of selecting one country/sector/industry/citrency/bond duration. Many try to diversify as much as possible as it is very hard to predict what will do best in the future. As we know "past results are not indicative for the future". G...
by BeBH65
Mon Sep 30, 2019 7:03 am
Forum: Non-US Investing
Topic: New investor just looking for a bit of advice
Replies: 19
Views: 1331

Re: New investor just looking for a bit of advice

And the great thing about that consolidated list is that it still allows the readers to select the subforum: As non-US investor i focus on the posts preceded by "n".
by BeBH65
Sun Sep 29, 2019 4:57 am
Forum: Non-US Investing
Topic: which bond etf is better?
Replies: 9
Views: 1271

Re: which bond etf is better?

Depending on the goal of your portfolio and the role of bonds in your portfolio different bonds asset classes might be suitable. What is the role of bonds in your portfolio? What currency do you use to count your investments? You might want to focus on bonds in that currency or hedged to that curren...
by BeBH65
Sun Sep 29, 2019 4:46 am
Forum: Non-US Investing
Topic: New investor just looking for a bit of advice
Replies: 19
Views: 1331

Re: New investor just looking for a bit of advice

Our wiki has some references related to overweighting your home-region.
by BeBH65
Sat Sep 28, 2019 3:17 am
Forum: Personal Investments
Topic: Index fund behind the scenes
Replies: 27
Views: 2774

Re: Index fund behind the scenes

I’m curious what people think will happen when and if TSLA shows a year of profit and becomes listed on the s and p 500 index. It is a 40B market cap and will have a very large uptick when index investors have to buy it when it is listed. Because index investors represent huge percentages of the ov...
by BeBH65
Fri Sep 27, 2019 10:54 am
Forum: Non-US Investing
Topic: global fund country weightings
Replies: 11
Views: 830

Re: global fund country weightings

Hello Chris, Welcome on the forum. You have already recieved good answers. You know now that market-cap funds follow the combined wisdom of all the money invested in the markets. Additionally this is a very cost effective way of managing a fund. The fundmanagers do not need to perform trades to foll...
by BeBH65
Thu Sep 26, 2019 9:31 am
Forum: Non-US Investing
Topic: Feedback on my portfolio
Replies: 9
Views: 848

Re: Feedback on my portfolio

Hello, my wife and I (both around 35) live in Belgium and want to start investing. We have about 60.000 to invest and will be adding ~2.500 per month to our investments. I want to engage in passive index tracking using accumulating ETFs, with the following allocation: 70% stocks 30% bonds >> Seems ...
by BeBH65
Mon Sep 23, 2019 3:33 am
Forum: Non-US Investing
Topic: Ishares is delisting ETFs from the London stock exchange.
Replies: 32
Views: 3782

Re: Ishares is delisting ETFs from the London stock exchange.

don't overlook Amsterdam - there are a lot of ETFs trading there.
by BeBH65
Mon Sep 23, 2019 3:24 am
Forum: Non-US Investing
Topic: Investing in Australia
Replies: 21
Views: 1785

Re: Investing in Australia

Can you elaborate why globally diversified equities makes the most sense . Initially I was targeting US SP500 and VANGUARD than I saw that from Australia its not that easy to use those to invest in .. hence, I opted out for the Aussie ones. Australia is a few percent of the world market. Why would ...
by BeBH65
Sat Sep 21, 2019 5:58 am
Forum: Non-US Investing
Topic: Ishares is delisting ETFs from the London stock exchange.
Replies: 32
Views: 3782

Ishares is delisting ETFs from the London stock exchange.

The Directors of iShares III plc (the “Company”) wish to advise you that, [...], a number of Share Classes will be delisted from the LSE on 27 September 2019 (the “Delisting Date”). iShares Core € Govt Bond UCITS ETF EUR (Dist) iShares III plc IE00B4WXJJ64 iShares € Covered Bond UCITS ETF EUR (Dist...
by BeBH65
Fri Sep 20, 2019 4:12 pm
Forum: Non-US Investing
Topic: equal-weighted index fund
Replies: 16
Views: 1573

Re: equal-weighted index fund

Have a look at this wiki page Equal_weighted_indices.
by BeBH65
Thu Sep 19, 2019 9:57 pm
Forum: Non-US Investing
Topic: Comparing VWRA with IWDA+EMIM combination
Replies: 20
Views: 2448

Re: Comparing VWRA with IWDA+EMIM combination

There are differences in the regional Morningstar sites. In addition some sites (i.e. us one) seem to be undergoing an update. Here is how it works on the .be site: - on the home page there is a tab portfolio. - when you sign in you can make up to 5 portfolio's. A portfolio has a benchmark. - on the...
by BeBH65
Thu Sep 19, 2019 8:24 am
Forum: Non-US Investing
Topic: 80% VWRA / 20% bond index - which bond index to choose?
Replies: 40
Views: 2479

Re: 80% VWRA / 20% bond index - which bond index to choose?

Op,

This combined thread includes a lot of information on bond funds based in Ireland.

Do you have the answers that you need?

If not, please state your remaining queries.

You can also add to your opening post and title, to better reflect your current needs.
by BeBH65
Wed Sep 18, 2019 3:03 pm
Forum: Non-US Investing
Topic: Vanguard Ireland domiciled funds
Replies: 16
Views: 1074

Re: Vanguard Ireland domiciled funds

We have a wiki page that discussed Ierland domiciled funds and compares them with US-domiciled funds. I assume the legislation that you refer to is UK legislation? Looking at vanguard.co.uk it seems that several (traditional) funds seem to be domiciled in Great Britain (Isin starts with GB), while E...
by BeBH65
Sat Sep 14, 2019 1:11 pm
Forum: Non-US Investing
Topic: Belgian - US or EUR denominated bonds?
Replies: 12
Views: 691

Re: Belgian - US or EUR denominated bonds?

The article points out that having local currency hedged foreign bond fund gives the same result as having just local currency bond fund. This is a result of currency hedging due to the way hedging is implemented. So I could just have eurozone government bond fund as there would be no additional be...
by BeBH65
Fri Sep 13, 2019 3:41 pm
Forum: Non-US Investing
Topic: Belgian - US or EUR denominated bonds?
Replies: 12
Views: 691

Re: Belgian - US or EUR denominated bonds?

What is the goal of the bonds in your portfolio. Typically Bogleheads use bonds to provide stabilty in the portfolio. As such the follzoing are often preferred: very diversified set of bonds and intermediate (or short) duration. In order to avoid unnecessary currency swings adding to portfolio volat...
by BeBH65
Fri Sep 13, 2019 1:04 pm
Forum: Investing - Theory, News & General
Topic: Splits of shareholder for "top" companies
Replies: 2
Views: 253

Splits of shareholder for "top" companies

I am searching for statistics how the shareholdership of the top companies is "split" and would appreciate references to such info? What % of the shares of the company is owned by Blackrock, Vanguard, and State Street? What are the other large (control) shareholders? What % is owned by indexfunds? A...
by BeBH65
Wed Sep 11, 2019 5:23 pm
Forum: Non-US Investing
Topic: 80% VWRA / 20% bond index - which bond index to choose?
Replies: 40
Views: 2479

Re: [30yo EU investor with US broker]Is BND a solid bond index choice for a 80% world stock index, 20% bond index portfo

Well, standard answer that you van also learn from the links already posted: global bonds hedged to your home currency. Never heard that US fund providers provide this. Second best would be some global bond funds unhedged. But not sure how much stability this I'll provide. Before you buy anything yo...
by BeBH65
Wed Sep 11, 2019 12:11 pm
Forum: Non-US Investing
Topic: 80% VWRA / 20% bond index - which bond index to choose?
Replies: 40
Views: 2479

Re: [30yo EU investor with US broker]Is BND a solid bond index choice for a 80% world stock index, 20% bond index portfo

30yo, Europe. I am holding world stock index and want to diversify by also holding bonds, but I'm not sure which index to use. I have option to purchase BND US index. Is it a solid choice? Current portfolio is 80% VT pretty much, 20% left to allocate to bonds. Any advice much appreciated. I'm an EU...
by BeBH65
Wed Sep 11, 2019 11:06 am
Forum: Non-US Investing
Topic: [wiki] navigation in non-us wiki
Replies: 3
Views: 282

[wiki] navigation in non-us wiki

Hello, These last months the "non-Us" wiki has grown a lot. In the past the focus has been on the various country pages suplemented with some very technical pages on portfolio management and taxation. We had some general/generic pages like "EU investing" and "Investing from outside of the US" and of...
by BeBH65
Wed Sep 04, 2019 1:33 pm
Forum: Non-US Investing
Topic: Four year review - Way forward or am I doing something wrong?
Replies: 19
Views: 2490

Re: Four year review - Way forward or am I doing something wrong?

What is the "schedule" on which you buy your shares.
If this is not a fixed schedule, but rather driven by your "feeling", then it would be not unusual that you "buy high"; when the market did well recently.
Make your schedule "mechanic" to avoid this; e.g. every 10th day of the quarter.
by BeBH65
Tue Sep 03, 2019 2:06 pm
Forum: Non-US Investing
Topic: Four year review - Way forward or am I doing something wrong?
Replies: 19
Views: 2490

Re: Four year review - Way forward or am I doing something wrong?

I started in 2015 by investing $10,000 (buy price $43.65)and than added the rest in 2016-2017 but at that time price was higher ($54.12). So basically, your return could be different from mine in such a short time, which depends on the market timing? I trust this will flatten and over longer period...
by BeBH65
Tue Sep 03, 2019 11:50 am
Forum: Non-US Investing
Topic: risk tolerance - too much in bonds?
Replies: 34
Views: 2751

Re: risk tolerance - too much in bonds?

Is there some sort of risk I'm missing? I dont mind the 80/20, even 70/30 for some people and understand that the bonds act in a different way and diversifies your portfolio in a way. But how much would this matter if I don't plan to touch the money for quite a time and only plan to invest surplus ...