Search found 1347 matches

by BeBH65
Sun May 19, 2019 7:00 am
Forum: Personal Investments
Topic: Received A Windfall. Looking to Reinvest It.
Replies: 8
Views: 1247

Re: Received A Windfall. Looking to Reinvest It.

Have a look at our wiki page on Managing_a_windfall . Other topics to consider: How large are your yearly expenses? How many months does your emergency fund cover? Are you maxing out your tax advantaged space? Tax-efficient_fund_placement Other good starting points: Bogleheads_investing_start-up_kit...
by BeBH65
Fri May 17, 2019 10:42 pm
Forum: Personal Investments
Topic: Correct mistakes while rebalancing
Replies: 15
Views: 1056

Re: Correct mistakes while rebalancing

You have a target AA. With your regular monthly contributions, when would it balance again? If this is only a few months then consider waiting for that; especially if the transactions costs and taxes would be high. Otherwise: Presumably you have some rebalancing rules in your investment plan. Most l...
by BeBH65
Fri May 17, 2019 2:33 pm
Forum: Non-US Investing
Topic: Is SWR lower for international stock holders?
Replies: 9
Views: 753

Re: Is SWR lower for international stock holders?

Search for the research of Pfau, the relevant Vanguard Paper, the articles "investing in the world" of Siamond on the Bogleheads blog https://finpage.blog/,... PFAU : does-international-diversification-improve-safe-withdrawal-rates and 4%-rule-work-around-world/ Portfolio charts: withdrawal-rates-f...
by BeBH65
Fri May 17, 2019 1:32 pm
Forum: Non-US Investing
Topic: [Belgium] 18yo worth 37k, am I doing good?
Replies: 5
Views: 505

Re: [Belgium] 18yo worth 37k, am I doing good?

Hi everyone! I'm an 18yo business student and i've just received around 22k dollars worth of child savings (or how it's called) from my parents. I've opened an investing account and here is my portfolio: Berkshire Hathaway (BRYN.DE) : 1.8k iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IUES.AS) : 14,5...
by BeBH65
Thu May 16, 2019 8:57 am
Forum: Non-US Investing
Topic: [Belgium] Investing in a partnership (vennootschap)
Replies: 1
Views: 174

Re: [Belgium] Investing in a partnership (vennootschap)

Most of the Bogleheads principles are universally applicable. "Minimize taxes" will necessitate other techniques when investing as a company (and dependend on the type of company) compared to investing as an individual. I heard you can have an advantage for your fixed income assets inside the compan...
by BeBH65
Thu May 16, 2019 5:11 am
Forum: Non-US Investing
Topic: Is SWR lower for international stock holders?
Replies: 9
Views: 753

Re: Is SWR lower for international stock holders?

Search for the research of Pfau, the relevant Vanguard Paper, the articles "investing in the world" of Siamond on the Bogleheads blog https://finpage.blog/,...
by BeBH65
Fri May 10, 2019 1:47 pm
Forum: Non-US Investing
Topic: WSML - iShares MSCI World Small Cap UCITS ETF - Which dividend yield to expect?
Replies: 2
Views: 479

Re: WSML - iShares MSCI World Small Cap UCITS ETF - Which dividend yield to expect?

yes that would be a good approximation.

mind you that the change in the asset prices is many years a lot larger or smaller then the dividend return.
by BeBH65
Sat May 04, 2019 1:21 pm
Forum: Personal Investments
Topic: How to decide on asset allocation? Overwhelmed by information online
Replies: 40
Views: 3689

Re: How to decide on asset allocation? Overwhelmed by information online

I've been reading up online about asset allocation. But with so much information, sometimes conflicting, I have hard time deciding. My situation is relatively simple, I'm close to 50, no real income, nice amount of savings. I'm planning on investing in stocks and bonds. I think I can live on 4.0%, ...
by BeBH65
Thu May 02, 2019 4:28 am
Forum: Non-US Investing
Topic: iShares World Small Cap ETF vs. Vanguard Global Small Cap fund. Which one would you choose?
Replies: 13
Views: 1086

Re: iShares World Small Cap ETF vs. Vanguard Global Small Cap fund. Which one would you choose?

Sometimes brokers offer funds with high minimum investments to their clients as a special service. I remember a post some months ago where the broker was charging more for this device then the ER of the actual fund; check the costs.
by BeBH65
Thu May 02, 2019 1:29 am
Forum: Non-US Investing
Topic: iShares World Small Cap ETF vs. Vanguard Global Small Cap fund. Which one would you choose?
Replies: 13
Views: 1086

Re: iShares World Small Cap ETF vs. Vanguard Global Small Cap fund. Which one would you choose?

According to the documentation the vanguard fund has normally a minimum of 200k, maybe not at your broker. As mentioned above one is an etf and the other one a mutual fund. Check the cost to buy and sell of both+what ere the taxes related to it. Does your broker charge holding costs Both are accumul...
by BeBH65
Mon Apr 29, 2019 4:01 pm
Forum: Non-US Investing
Topic: Do Eurozone investors pay negative interest rates?
Replies: 8
Views: 899

Re: Do Eurozone investors pay negative interest rates?

Indeed government guarantee is per bank. Question is of course: is the guarantee-fund big enough if multiple banks fail. Indeed, savings accounts are a decent alternative for bonds since a number of years. If you look at funds often discussed for euro investors you often read about funds that invest...
by BeBH65
Mon Apr 29, 2019 8:52 am
Forum: Non-US Investing
Topic: Do Eurozone investors pay negative interest rates?
Replies: 8
Views: 899

Re: Do Eurozone investors pay negative interest rates?

In Belgium you get 0,01% on the regulated savings accounts, if you leave your money for 12 months you get an extra 0,1%.

There are a few special high yield accounts with niche banks that give you up to 0,4% or so.

There is a government guarantee of up to 100k euro.
by BeBH65
Sun Apr 28, 2019 6:34 am
Forum: Non-US Investing
Topic: Which bonds (ETF/funds?) to choose as hedge for stocks (ETF)? (EU)
Replies: 14
Views: 1243

Re: Which bonds (ETF/funds?) to choose as hedge for stocks (ETF)? (Netherlands)

Your shortlist is good if - like many on this forum - you subscribe to "Bonds for stability, stocks are for growth" The following impact the volatility: - duration: shorter is more stable - quality: from AAA to BBB and below - government is often less volatile then corporate. - diversification and g...
by BeBH65
Sun Apr 28, 2019 2:01 am
Forum: Non-US Investing
Topic: Which bonds (ETF/funds?) to choose as hedge for stocks (ETF)? (EU)
Replies: 14
Views: 1243

Re: Which bonds (ETF/funds?) to choose as hedge for stocks (ETF)? (Netherlands)

We have a wiki in parallel with this forum: https://www.bogleheads.org/wiki/Main_Page. Next to general pages like getting-started and Bogleheads-philosophy you should also look at the non-US domiciled pages. Topics that concern you are: asset allocation and need, willingness and ability to take risk.
by BeBH65
Sat Apr 20, 2019 11:39 am
Forum: Investing - Theory, News & General
Topic: The Fundamental Axioms / Laws / Principles of Investing
Replies: 30
Views: 1650

Re: The Fundamental Axioms / Laws / Principles of Investing

https://www.bogleheads.org/wiki/Boglehe ... philosophy
The Bogleheads® follow a small number of simple investment principles that have been shown over time to produce risk-adjusted returns far greater than those achieved by the average investor
by BeBH65
Thu Apr 18, 2019 4:21 am
Forum: Non-US Investing
Topic: New to investing [Greece]
Replies: 33
Views: 2349

Re: New to investing [Greece]

An etf can trade in many currencies, and is sometimes hedged to a currency. Without hedging there is a currency risk between the ccy used by the investor and the ccy of the asset. There are no swaps or derivatives involved in this. With hedging, the currency risk is hedged through the use of derivat...
by BeBH65
Wed Apr 17, 2019 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Are there any portfolio tracking/analysis sites that work for international securities & funds?
Replies: 2
Views: 143

Re: Are there any portfolio tracking/analysis sites that work for international securities & funds?

Did you try morningstar.co.uk?
Many international sites know the local securities as well as the common US ones.
by BeBH65
Mon Apr 08, 2019 12:50 am
Forum: Non-US Investing
Topic: Belgian citizen living in Germany, how to get started?
Replies: 12
Views: 839

Re: Belgian citizen living in Germany, how to get started?

Belfium does not tax it's citizens if you truly leave abroad. The German taxation rules apply to you. Read the wiki pages on non-US investing, investing from the EU and investing from Germany Regarding the Bogleheads investing; start with reading https://www.bogleheads.org/wiki/Bogleheads®_investing...
by BeBH65
Sat Apr 06, 2019 10:47 pm
Forum: Non-US Investing
Topic: Bond allocation vs Dividend distributing fund
Replies: 2
Views: 345

Re: Bond allocation vs Dividend distributing fund

The taxation of the country where you pay taxes determines if you accumulating or distributing funds are better. To start with; have a look at the EU investing wikipage. Why would you take high risk Hen you "have won the game"? Do a forum search for "bond tent" and "sequence of returns risk" ; it is...
by BeBH65
Sun Mar 24, 2019 12:02 am
Forum: Personal Investments
Topic: At which point do you sell index funds/stocks and take a profit?
Replies: 22
Views: 1960

Re: At which point do you sell index funds/stocks and take a profit?

I’m not about market timing what circumstances would create a favorable opportunity to sell? These two statements seem to be contradictory. IMO, there are two times to sell. 1. When you need the money. 2. When you need to rebalance. One more - 3. If/when you can harvest tax losses (hopefully opport...
by BeBH65
Wed Mar 20, 2019 11:38 pm
Forum: Personal Investments
Topic: Invest Money for House Down Payment in 5 Years
Replies: 25
Views: 1425

Re: Invest Money for House Down Payment in 5 Years

Have a look at our wiki page Investing_with_a_medium-term_timeline The investment objectives (what the money is for) and time horizon (when you will need it) define the securities to be used. .... The characteristics of the project for which one is saving poses constraints on the investment. What is...
by BeBH65
Tue Mar 19, 2019 10:06 pm
Forum: Non-US Investing
Topic: [Belgium] De Giro and taxes/obligations in Belgium
Replies: 2
Views: 279

Re: [Belgium] De Giro and taxes/obligations in Belgium

Yes as a Belgian citizen you should declare your foreign accounts. Yes as a Belgian citizen there are a set of taxes that you need to pay: dividend taxes, transaction taxes, no capital gains taxes. Some foreign brokers withold these taxes for you, for others you need to enter these on your yearly ta...
by BeBH65
Mon Mar 18, 2019 1:13 am
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2034

Re: Index futures instead of etf to avoid withholding tax

Let me repeat this. I don't know much about futures, but is it possible to use futures in place of a index etf to avoid dividends and then US withholding tax for NRA? Aren't index futures only on the price, not the total return? It seems like you'd be throwing away $0.70 so you didn't have to pay $0...
by BeBH65
Sun Mar 17, 2019 1:12 pm
Forum: Non-US Investing
Topic: Anyone use money market funds or ultra short bond funds in Europe?
Replies: 30
Views: 1235

Re: What cash like assets do non US investors use? There is not much to choose e.g. MMF's etc.

Protection of checking/savings accounts is typically 100k Euro. Some countries have special government sponsored cash like investments. In some countries niche banks offer higher intrest accounts. Intrest rates on Euro based cash-like assets have been low since quite some time; not comparable with U...
by BeBH65
Fri Mar 15, 2019 9:16 am
Forum: Non-US Investing
Topic: Help to build a three fund portfolio with non-US ETF
Replies: 21
Views: 4051

Re: Help to build a three fund portfolio with non-US ETF

Accumulating fund save you the cost of reinvesting the dividends, and in the countries where the dividends are not taxed (more then you would think - always check this for your country) the full 100% of the dividends are generating extra return. Also many countries do not have capital gains tax - an...
by BeBH65
Fri Mar 15, 2019 9:13 am
Forum: Non-US Investing
Topic: Total Return System - Capital Gain Tax on Liquidating Issue
Replies: 9
Views: 619

Re: Total Return System - Capital Gain Tax on Liquidating Issue

Please note that, currently, the ER of the Vanguard World Fund VWRL is higher then the equivalent combo IWDA/EIMI of BlackRock iShares.
by BeBH65
Thu Mar 14, 2019 1:15 pm
Forum: Non-US Investing
Topic: Total Return System - Capital Gain Tax on Liquidating Issue
Replies: 9
Views: 619

Re: Total Return System - Capital Gain Tax on Liquidating Issue

Having to pay a lot of capital gains taxes is good, no? It means you have a lot of capital gains - your investments have done well.
by BeBH65
Wed Mar 13, 2019 11:47 pm
Forum: Non-US Investing
Topic: Simple portfolio for beginning European investor
Replies: 4
Views: 498

Re: Simple portfolio for beginning European investor

There have been a number of threads discussions the merits or drawbacks related to home-bias for (international) investors. Do a search in the forum for them. Look at the posts referencing the Vanguard research papers, and the posts refering to the articles of forum member Siamond on the Boglehead b...
by BeBH65
Wed Mar 13, 2019 11:34 pm
Forum: Non-US Investing
Topic: [EU] About the cost of taxes on dividends in European funds
Replies: 27
Views: 2860

Re: [EU] About the cost of taxes on dividends in European funds

A gross return index shows the result as if 100% of the dividends are reinvested. A net return index shows the result as if the standard dividend witholding tax is paid before reinvesting the remainder of the dividends. The standard dividend witholding tax for the US 30%. In a synthetic fund, the co...
by BeBH65
Wed Mar 13, 2019 6:19 pm
Forum: Non-US Investing
Topic: New listed ETF
Replies: 27
Views: 2776

Re: New listed ETF

Could you post the URL for future reference.
I lost the reference that I found before.
by BeBH65
Wed Mar 13, 2019 5:59 pm
Forum: Non-US Investing
Topic: New listed ETF
Replies: 27
Views: 2776

Re: New listed ETF

TER: Total Expense Ratio.
But still excluding some expenses as internal transaction costs, and also excluding elements like income from lending.
by BeBH65
Wed Mar 13, 2019 5:54 pm
Forum: Investing - Theory, News & General
Topic: U.S. stocks in free fall
Replies: 10770
Views: 1885285

Re: U.S. stocks in free fall

My understanding is that we only experienced a correction, not a bear and certainly not a crazh. We are still in the bull market. This according to the definition that a bear market starts when the closing price is 20% lower then the top. We did not decend that low in December.
by BeBH65
Wed Mar 13, 2019 5:49 pm
Forum: Non-US Investing
Topic: New listed ETF
Replies: 27
Views: 2776

Re: New listed ETF

Make sure you look at the rates paid by Luxembourgish/Irish investment funds on dividends distributed by us companies.

If I remember correctly individuals in Ireland and Luxemburg pay 15%. Irish funds also, but Lux funds pay the standard 30%.
by BeBH65
Wed Mar 13, 2019 5:44 pm
Forum: Non-US Investing
Topic: Simple portfolio for beginning European investor
Replies: 4
Views: 498

Re: Simple portfolio for beginning European investor

Welcome to the forum. Please have a look at the "investing from the EU" page that you can find via the URL in my signature. Please consider diversification of your equity investing over the whole world, not only the US. It is is always good to consider and analyse your full portfolio as one, excludi...
by BeBH65
Tue Mar 12, 2019 8:21 pm
Forum: Non-US Investing
Topic: Change distributing aggregate bond choice from Sterling to Euros, include synthetic and/or Floating Rate Bonds?
Replies: 8
Views: 635

Re: EU: revising global distributing aggregate bond choice, include synthetic?

I find that giving a recommendation for funds for the stable portion of a EU portfolio is very difficult. For equity there seem to be obvious candidates. Much less so for the bonds portion. The whole choice for stable assets these is personal. Arguments can be found on this forum. i appreciate the p...
by BeBH65
Tue Mar 12, 2019 1:15 am
Forum: Non-US Investing
Topic: Leveraged ETF from Europe?
Replies: 18
Views: 1118

Re: Leveraged ETF from Europe?

Indeed, the MiFID II and PRIIPs legislation applies to people that are (tax-resident) in the EU. If you are not, then it does not apply to you.
by BeBH65
Mon Mar 11, 2019 10:35 pm
Forum: Non-US Investing
Topic: Leveraged ETF from Europe?
Replies: 18
Views: 1118

Re: Leveraged ETF from Europe?

Another question: the Boggleheads wiki suggests a US domiciled ETF might be more attractive for Dutch investors compared to an Ireland domiciled ETF. Currently looking from the Netherlands I find all ETFs I come across on DeGiro to be domiciled in Ireland... So how is a European (Dutch) investor su...
by BeBH65
Mon Mar 11, 2019 9:32 pm
Forum: Non-US Investing
Topic: Portfolio of EUR Index ETFs [Germany]
Replies: 11
Views: 1098

Re: Portfolio of EUR Index ETFs [Germany]

Hi Stefano, The total expense ratio of the ETFs are slightly higher than Vanguard US rates, is there any reason why you did not choose Vanguard's offering in Europe, or is there none (attractive enough) ? Vanguard's offering in Europe has costs similar to others, hence other aspects like tax effici...
by BeBH65
Mon Mar 11, 2019 9:19 pm
Forum: Non-US Investing
Topic: Question for Dutch residents about ETF dividend taxes
Replies: 2
Views: 222

Re: Question for Dutch residents about ETF dividend taxes

Cannot give an answer for your question on US-domiciled funds in the Netherlands. Do European ETFs break out the dividend tax per country for the European versions of these funds? Typically not, and typically there are few countries where one get credit for the taxes paid internally inside the fund....
by BeBH65
Mon Mar 11, 2019 9:13 pm
Forum: Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 148
Views: 15481

Re: "Never time the market" vs. lump sum investment

I don't read the data I the report in the same way. Moreover: .An investor who implements a 12-month DCA strategy is essentially decreasing the overall risk of the portfolio via the higher allocation to cash during that period. Does the degree of risk reduction achieved come at the expense of an eve...
by BeBH65
Mon Mar 11, 2019 8:55 pm
Forum: Non-US Investing
Topic: German tax on accumulating ETF- question
Replies: 3
Views: 299

Re: German tax on accumulating ETF- question

There might be some benefit in selecting a broker that complies with your local tax obligations. If he does the work, you so not need to do it yourself. On this forum we focus on funds domiciled in countries with beneficial laws for investment funds. Funds domiciled in Ireland (using number starting...
by BeBH65
Mon Mar 11, 2019 8:36 pm
Forum: Non-US Investing
Topic: Please rate the suggestion's of my advisor
Replies: 20
Views: 2279

Re: Please rate the suggestion's of my advisor

Hello Bogleheads, I’m in need of a suggested portfolio review. All are advisor's suggestions Age: 30 Portfolio size: ~700k EUR Base: European country with no tax on ucits dividends Suggestions: Asset allocation: 55% stocks / 45% bonds. Ccy Allocation: USD 38.5%/ EUR 61.5% Stock etf's INVESCO QQQ TR...
by BeBH65
Mon Mar 11, 2019 3:10 am
Forum: Non-US Investing
Topic: New listed ETF
Replies: 27
Views: 2776

Re: New cheap Msci World ucits etf

If I am not mistaken, the Luxor fund is domiciled in Luxemburg. Luxemburg has slightly less favourable tax treaties then Ireland. For instance a. Irish fund pays 15% us tax on us dividend, a Luxembourgish fund 30%.
by BeBH65
Sat Mar 09, 2019 12:53 pm
Forum: Non-US Investing
Topic: Belgium - Beginning ETF investor
Replies: 8
Views: 456

Re: Belgium - Beginning ETF investor

The small cap and emerging markets add volatility to your portfolio. You might need to wait many years to see the benefit. So would you advise getting those at all, or, as the poster above you suggested, is it reasonable to simply go 80% IWDA, 20% bonds? This depends fully on your personal risk pro...
by BeBH65
Sat Mar 09, 2019 10:08 am
Forum: Non-US Investing
Topic: Belgium - Beginning ETF investor
Replies: 8
Views: 456

Re: Belgium - Beginning ETF investor

De combinatie 20% WDSC/WSML, 10% EIMI, 70% MSCI world is a good approximation of the world equity market. As they are accumulating funds you will not pay any Belgian dividend tax, nor capital gains tax. Iwda has been the easy choice for MSCI world since a decade. Recently there have been a few other...
by BeBH65
Sun Mar 03, 2019 3:56 am
Forum: Non-US Investing
Topic: Vanguard in Europe [Portugal]
Replies: 6
Views: 606

Re: Vanguard in Europe [Portugal]

Welcome to the forum. You should be able to find a bank/broker where you pay somewhat less per transaction to buy Exchange Traded (index) Funds.

The mutual index funds are difficult to buy in Europe those that you can buy in Europe have typically a minimun of 100k, and still have high yearly costs.
by BeBH65
Sat Feb 23, 2019 1:57 am
Forum: Non-US Investing
Topic: Inherited Portfolio with losses - when to transfer to indexing? UK investor
Replies: 13
Views: 1059

Re: Inherited Portfolio with losses - when to transfer to indexing?

The tax implications of your actions will depend on the country you live in. If you are not an us-investor, please update your opening post to indicate your domicile (use ✏️ symbol next to the post)
by BeBH65
Thu Feb 21, 2019 12:32 pm
Forum: Non-US Investing
Topic: Transfer to Irish Domiciliated ETFs
Replies: 2
Views: 237

Re: Transfer to Irish Domiciliated ETFs

US vs non-US has little meaning of you are outside of the US. There are very very little non-US funds that are not domiciled in the US.

Outside of the US you can buy a world funds or buy a fund per region.