Search found 76 matches

by Maple
Mon Sep 14, 2020 8:20 pm
Forum: Non-US Investing
Topic: New Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (Acc)
Replies: 8
Views: 1217

Re: New Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (Acc)

I assume this is to simulate a Money Market Funb but it can "break the buck"? I don't see, or expect, any guarantee of capital preservation from these funds. Only expect less interest rate risk due to short term and high credit debt holdings. Correspondingly, for a low risk ETF, the yields are tiny.
by Maple
Mon Sep 14, 2020 5:00 am
Forum: Non-US Investing
Topic: New Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (Acc)
Replies: 8
Views: 1217

Re: New Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (Acc)

Good to have Vanguard (VDST) and iShares (IB01) competing directly in this space.

The current bid/offer spread at this instant, for both ETFs on the LSE, is equivalent to 0.04%.
by Maple
Fri Sep 04, 2020 4:56 am
Forum: Non-US Investing
Topic: IB Doesn't Like Panama Anymore [Interactive Brokers]
Replies: 33
Views: 2838

Re: IB Doesn't Like Panama Anymore [Interactive Brokers]

We're going ahead with the BVI passthrough corp. It's going to cost money. We're not happy. We've had that Panamanian company for over 25 years. But we want to stay with IB. Oh well. The Panama Papers have nothing to do with us other than IB does not want to deal with Panamanian passthrough corps o...
by Maple
Fri Aug 07, 2020 8:59 pm
Forum: Non-US Investing
Topic: Nonresident alien looking to open a common savings account in the US or Europe
Replies: 17
Views: 1299

Re: Nonresident alien looking to open a common savings account in the US or Europe

fitzroy, welcome to the forum. HSBC is a global bank with a strong US presence. I use them for a US checking account as non-US resident. I opened the account years ago without much hassle. Banking rules and their product offerings could have changed, but a quick check of their website suggests HSBC ...
by Maple
Tue Jul 28, 2020 9:10 pm
Forum: Non-US Investing
Topic: Our FI Allocation: Help
Replies: 49
Views: 4210

Re: Our FI Allocation: Help

Rosales wrote: Tue Jul 28, 2020 3:02 pm I hope Vanguard launch an unhedged version of VAGU (global bonds fund) soon.
Agreed, that would be useful. Alternately, an accumulating version of iShares' unhedged AGGG would be convenient as well.
by Maple
Tue Jul 28, 2020 3:32 am
Forum: Non-US Investing
Topic: World ex US UCITS ETF?
Replies: 5
Views: 943

Re: World ex US UCITS ETF?

... Canada has such a unique and complex tax code that I wonder if there are hidden traps for investors holding these? ... For Canadian residents, the tax code is nuanced. For Canadian non-resident investors in the stock market, the tax code is fairly standard. AFAIK. - withholding taxes at the app...
by Maple
Mon Jul 27, 2020 11:51 am
Forum: Non-US Investing
Topic: Our FI Allocation: Help
Replies: 49
Views: 4210

Re: Our FI Allocation: Help

@Maple Would you use CAD hedged WB if available? ... Galeno, No, not currently or for the foreseeable future. AGGG contains ~3% Canadian bonds in CAD and that is my entire Canadian fixed income holding. I travel globally, but even if I lived in Canada, I would want the debtor and currency (unhedged...
by Maple
Mon Jul 27, 2020 9:35 am
Forum: Non-US Investing
Topic: Our FI Allocation: Help
Replies: 49
Views: 4210

Re: Our FI Allocation: Help

@galeno, I agree with you on choosing World Bonds over solely USA Bonds. My preference is the unhedged variety though. Seems there has been considerable discussion about this topic recently with many preferring a more USA and USD focused bond portfolio, with currency hedging. I see this lack of dive...
by Maple
Sun Jul 26, 2020 5:39 am
Forum: Non-US Investing
Topic: Tiered commission for Ireland domiciled ETF on LSE using Interactive Brokers
Replies: 7
Views: 757

Re: Tiered commission for Ireland domiciled ETF on LSE using Interactive Brokers

... Tiered - will pay 1.9 USD commission (around 0.055%, 1.9 USD minimum, 39 USD maximum) per order ... ... Interactive Brokers commissions page have different commissions for Europe and United Kingdom. I imagine LSE is located at United Kingdom and I can't see 39 USD maximum per order ... I use th...
by Maple
Sun Jul 26, 2020 3:30 am
Forum: Non-US Investing
Topic: Our FI Allocation: Help
Replies: 49
Views: 4210

Re: Our FI Allocation: Help

... Now only 3 things hold us back. The 0.2% port yield advantage of the USD bonds ... Are you certain this "0.2% port yield advantage" is real?? The world bond ETFs hold a plurality of currencies, each of which has a different market implied currency appreciation/depreciation vs the USD over a for...
by Maple
Sun Jul 12, 2020 4:00 am
Forum: Non-US Investing
Topic: World Bonds or US Treasuries?
Replies: 14
Views: 1076

Re: World Bonds or US Treasuries?

There's actually no withholding tax on the interest from US-domiciled bond ETFs for non-US holders. Correct me if I'm wrong ... Withholding tax and actual tax payable are often not equal; withholding tax often being larger. :( The actual US tax payable on interest from US-domiciled bond ETFs depend...
by Maple
Sun Jul 12, 2020 3:37 am
Forum: Non-US Investing
Topic: World Bonds or US Treasuries?
Replies: 14
Views: 1076

Re: World Bonds or US Treasuries?

Wife and I are 63 years old. Healthy. Retired since 2012. We live in our native country of Costa Rica. Currency is the CRC. Tightly linked to the USD. US Treasuries are great ballast during equity market downturns. World Bonds has a better yield but not as good ballast. It also diversifies away fro...
by Maple
Fri Jun 05, 2020 3:52 am
Forum: Non-US Investing
Topic: Cheaper ETFs?
Replies: 7
Views: 886

Re: Cheaper ETFs?

galeno wrote: Sat May 30, 2020 10:38 am ... IDTP (TIPs) with an ER = 0.25%.

Any replacements that have lower ERs?
Have you considered TIP5?

It is composed of USD inflation linked bonds and has a ER = 0.1%. However, it is not accumulating.
by Maple
Wed Jun 03, 2020 8:06 am
Forum: Non-US Investing
Topic: Suggested global aggregate bonds ETFs by Vanguard
Replies: 13
Views: 671

Re: Suggested global aggregate bonds ETFs by Vanguard

I wish there was non-hedged accumulating version. Yeah, I wish too! I agree, don't want the risk of all my bonds being in the same currency. I also don't want to pay (within a fund) for currency derivatives which convert a currency diversified portfolio of bonds into a single currency. Many other i...
by Maple
Tue Jun 02, 2020 10:30 am
Forum: Non-US Investing
Topic: Chinese Bond Exposure
Replies: 22
Views: 1188

Re: Chinese Bond Exposure

I believe holding a diversified (in currency, debtor, duration, etc.) bond portfolio is important from a risk perspective. There are several mentions in this thread of explicit currency hedging of foreign currency bonds to home currency (often US dollars). I'm not a proponent and disagree with the t...
by Maple
Sat May 02, 2020 10:17 pm
Forum: Non-US Investing
Topic: Our USA-NRA Portfolio Costs
Replies: 11
Views: 840

Re: Our USA-NRA Portfolio Costs

... You are in a lucky situation. You are able to buy superior products (USA ETFs) at cheaper prices (low ERs & 0% taxes) bought a from superior stores (USA stock markets) which have better líquidity and lower commissions and spreads. I'm a bit envíos. But if you go back to live in Canada will you ...
by Maple
Sat May 02, 2020 2:01 am
Forum: Non-US Investing
Topic: Our USA-NRA Portfolio Costs
Replies: 11
Views: 840

Re: Our USA-NRA Portfolio Costs

Expense Ratio.. = 0.16% L1WT + L2WT... = 0.13% L3WT...………...... = 0.50% Sub Total...……...= 0.79% ... Galeno, This is an interesting and useful topic. Thanks for sharing your data. I continuously seek strategies to minimize my total expenses also. For perspective, here is my situation: Canadian citi...
by Maple
Wed Apr 29, 2020 6:15 am
Forum: Non-US Investing
Topic: IB account deposit rejected
Replies: 7
Views: 845

Re: IB account deposit rejected

Welcome to the forum gazqatar! I had a few minor issues in setting up my IB account with proper bank links. That was a few years ago. It was a hassle, but I contacted customer service directly and worked with them to get everything resolved. No problems since. If you contacted customer service alrea...
by Maple
Wed Apr 29, 2020 12:26 am
Forum: Non-US Investing
Topic: Ways to minimize bank bankruptcy exposure?
Replies: 24
Views: 2242

Re: Ways to minimize bank run exposure?

... I know the best is to put all the money savings into funds. Hence same question. While FDIC doesn't insure I guess the logic is also to spread out stock portfolios with different brokers, to minimize bank/broker run? How best to minimize such risks? SPIC insures brokerage accounts, with limitat...
by Maple
Fri Apr 24, 2020 4:12 am
Forum: Non-US Investing
Topic: CEFs and Income Investing.
Replies: 11
Views: 634

Re: CSFs and Income Investing.

I don't currently invest in closed end funds. Many years ago, a few seemed interesting. However, currently seems easier and cheaper to invest using regular ETFs. By the way, the current thread title is " CSF s and Income Investing.". Should the title be " CEF s and Income Investing.", for clarity?
by Maple
Sun Apr 19, 2020 7:35 pm
Forum: Non-US Investing
Topic: Online Savings account for non-resident aliens
Replies: 2
Views: 4525

Re: Online Savings account for non-resident aliens

The rules seem to change frequently. For various reasons banks are required by law to "know their customers". You can probably open accounts in person at major banks as a non-resident (Citibank, HSBC, etc), but maybe that does not suit your needs.
by Maple
Sun Apr 19, 2020 7:25 pm
Forum: Non-US Investing
Topic: Trading212 feedback
Replies: 3
Views: 464

Re: Trading212 feedback

Hi lost-soup, Honestly, I had never heard about Trading212, before your post. That alone does not mean Trading212 is a bad online broker. It does suggest more caution and research is warranted though. For an international online brokerage, many Bogleheads choose Interactive Brokers, with reasonably ...
by Maple
Wed Apr 15, 2020 10:55 am
Forum: Non-US Investing
Topic: Dividend Tax Rates on Equity ETFs?
Replies: 10
Views: 627

Re: Dividend Tax Rates on Equity ETFs?

15.1% is too high. Non-USA developed has a dividend withholding tax of about 9.5%. WSML = 56% USA + 44% non-USA developed. No EM. ER should be closer to 0.56(0.150) + 0.44(0.095) = 12.6%. It is a high tax bill, but those numbers are directly from the financial statements. If you have an alternate i...
by Maple
Wed Apr 15, 2020 10:08 am
Forum: Personal Investments
Topic: Unhedged Foreign Bond Funds
Replies: 22
Views: 1007

Re: Unhedged Foreign Bond Funds

Why do you say 'may not be'? It's not allowed for US residents. Regardeless, what is the point on having bonds in unhedged in *multiple* currencies? I'm not aware of any US federal law which makes it "not allowed for US residents". Please share a link to such a rule. There can be significant tax co...
by Maple
Wed Apr 15, 2020 4:26 am
Forum: Personal Investments
Topic: Unhedged Foreign Bond Funds
Replies: 22
Views: 1007

Re: Unhedged Foreign Bond Funds

I own AGGG (iShares Core Global Aggregate Bond UCITS ETF) . It is domiciled in Ireland and trades on the LSE, thus may not be appropriate for US residents. AGGG is technically unhedged (meaning, AFAIK, currency derivatives are minimally employed) and holds bonds in a modest diversity of currencies. ...
by Maple
Wed Apr 15, 2020 3:11 am
Forum: Non-US Investing
Topic: Dividend Tax Rates on Equity ETFs?
Replies: 10
Views: 627

Re: Dividend Tax Rates on Equity ETFs?

... I could NOT find this info from the Ireland iShares annual report for WSML. So I calculated it. ... So the approximate dividend tax withholding rate for WSML = 11.1%. From the most recent iShares annual report (year ending June 2019) , pages 113 and 51 respectively, the "Non-reclaimable oversea...
by Maple
Mon Mar 30, 2020 9:25 pm
Forum: Non-US Investing
Topic: Bond ETF Liquidity and Spreads
Replies: 7
Views: 577

Re: Bond ETF Liquidity and Spreads

Maybe we should wait until the VIX flattens out before we rebalance? https://www.marketwatch.com/story/why-the-vix-gauge-of-stock-market-volatility-is-still-so-stubbornly-high-2020-03-30 The VIX returning to its historically common range, 10-20, could take a long time. If the VIX returns quickly, t...
by Maple
Sun Mar 29, 2020 9:48 pm
Forum: Non-US Investing
Topic: Bond ETF Liquidity and Spreads
Replies: 7
Views: 577

Re: Bond ETF Liquidity and Spreads

... I've made 1% of "savings" in my regular purchases by sitting just off the Bid price rather than taking the market Ask price, especially on a day with net outflows (and there are plenty of those lately). You can chance doing the reverse trick on the sells. Let me know how it goes... I'm close to...
by Maple
Sun Mar 29, 2020 8:59 pm
Forum: Non-US Investing
Topic: Bond ETF Liquidity and Spreads
Replies: 7
Views: 577

Re: Bond ETF Liquidity and Spreads

Hi Galeno, In brief, yes bond ETF bid/offer spreads on the LSE have been much wider recently than historically typical. Specifically, I have been tracking IUAA, AGGG and VDTA over the recent 3 week period. Spread widths vary significantly with time, but often have reached ~>1%. During more stable tr...
by Maple
Thu Mar 12, 2020 11:15 pm
Forum: Non-US Investing
Topic: Avoiding 15% US WHT by using US accumulating funds?
Replies: 9
Views: 533

Re: Avoiding 15% US WHT by using US accumulating funds?

I'm a US non-resident and I'd like to avoid the US withholding tax (WHT) on dividends. Let's ignore "L3T" (taxation that the individual investor needs to pay in their home country) ... ... So the only options are: 1. The dividends from US equities get distributed to NON-US persons or entities - in ...
by Maple
Fri Jan 17, 2020 12:28 pm
Forum: Non-US Investing
Topic: Bokerage IRA Account Distribution for NRA
Replies: 1
Views: 234

Re: Bokerage IRA Account Distribution for NRA

No.
However, a withholding tax could be expected depending on tax treaties between the USA and your tax domicile.
by Maple
Fri Dec 20, 2019 8:35 pm
Forum: Non-US Investing
Topic: Keeping Vanguard account as Non resident Alien
Replies: 28
Views: 2437

Re: Keeping Vanguard account as Non resident Alien

Wad wrote: Fri Dec 20, 2019 7:09 pm Hi Maple,

Glad to see you're still around. A few questions if that's okay ...
Sure, happy to help. Response via PM so not to hijack the original author's thread.
by Maple
Thu Dec 19, 2019 6:59 pm
Forum: Non-US Investing
Topic: Keeping Vanguard account as Non resident Alien
Replies: 28
Views: 2437

Re: Keeping Vanguard account as Non resident Alien

123 wrote: Wed Dec 18, 2019 6:48 pm ... Trading is accounts held in the USA is not permitted for non-residents ...
This has not been my experience. As a non-resident of the US (resident of the Philippines), Vanguard continues to permit trading.
by Maple
Wed Dec 18, 2019 2:05 am
Forum: Non-US Investing
Topic: Keeping Vanguard account as Non resident Alien
Replies: 28
Views: 2437

Re: Keeping Vanguard account as Non resident Alien

Hi folks, I hold a Vanguard personal account as well as a 401k account. I recently moved out of the US and plan to give up my US greencard. Can I continue to operate my Vanguard account (withdraw/invest) even after updating my status to Non resident alien? Thanks Hi saroop. Welcome to the board wit...
by Maple
Thu Sep 05, 2019 12:56 am
Forum: Non-US Investing
Topic: Ex Dividend dates
Replies: 4
Views: 789

Re: Ex Dividend dates

I am trying to find the upcoming EX Dividend dates for all these funds as far in advance as possible. It is extremely difficult to obtain this information. Did you try the below? It is an estimate of the Vanguard dividends distribution dates for all 2019 quarters https://api.vanguard.com/rs/gre/gls...
by Maple
Sat Aug 17, 2019 2:55 am
Forum: Non-US Investing
Topic: How do I know when fund is big enough to buy safely and not worry about liquidity issues and bid-ask spreads?
Replies: 7
Views: 977

Re: How do I know when fund is big enough to buy safely and not worry about liquidity issues and bid-ask spreads?

I want to buy VWRA, since it fits my situation and requirements best. However, the fund is new and from what I understand has high bid-ask spreads. How do I know when fund is "big enough" for me to buy safely without worrying about stuff like this? What sites and resources to use? Many of these ETF...
by Maple
Wed Aug 14, 2019 12:59 am
Forum: Non-US Investing
Topic: Can an expat still invest and trade ETFs???
Replies: 26
Views: 3008

Re: Can an expat still invest and trade ETFs???

I received TODAY (August 13th) the following notice from Charles Schwab New U.S. ETFs and ETNs purchase restrictions as of September 19 Beginning September 19, 2019, Schwab clients who are residents of the E.U. will no longer be able to purchase U.S.-registered exchange-traded funds (ETFs) and exch...
by Maple
Sun Aug 11, 2019 11:15 am
Forum: Non-US Investing
Topic: Brexit impact on Irish domiciled ETFs traded on LSE
Replies: 15
Views: 1218

Brexit impact on Irish domiciled ETFs traded on LSE

Do any board members have insights into the potential impact of Brexit (potentially hard/no deal) on Irish domiciled ETFs traded on the London Stock Exchange? For the purpose of this thread, I'm less interested in short term price changes, more interested in any existential problems. I'm inclined to...
by Maple
Fri Aug 09, 2019 12:36 am
Forum: Non-US Investing
Topic: Broker Diversification
Replies: 23
Views: 1908

Re: Broker Diversification

This topic is discussed in an open thread here ...

Concentration risk of networth in one ETF in one broker
by Maple
Sat Jul 13, 2019 12:55 am
Forum: Personal Consumer Issues
Topic: How to encrypt Cloud backups?
Replies: 54
Views: 5018

Re: How to encrypt Cloud backups?

I used Mozy for years (recently purchased by and converted to Carbonite). It costs ~$6 / month for plenty of storage. The software allows for the encryption key to be maintained solely by me, and encryption of my files occurs automatically one step before the files are uploaded to the Carbonite file...
by Maple
Wed Jul 03, 2019 7:51 pm
Forum: Non-US Investing
Topic: Interactive Brokers - SmartRouting vs direct routing when buying ETFs
Replies: 2
Views: 630

Re: Interactive Brokers - SmartRouting vs direct routing when buying ETFs

wizard314, I have not yet used IB's "SmartRouting" feature. IIRC, fees were higher ... but perhaps I am mistaken?? I generally just buy ETFs (via simple limit orders) on the London Stock Exchange which seems to have the most liquidity in cases of interest for me. Please do share your experiences wit...
by Maple
Mon Jun 17, 2019 3:23 am
Forum: Non-US Investing
Topic: Concentration risk of networth in one ETF in one broker
Replies: 13
Views: 1797

Re: Concentration risk of networth in one ETF in one broker

... The fears are that I might lose access to IB for whatever reason (temporary freeze, mis-management of IB, hacks) or that Vanguard has an accident (management cock-up). Whatever FDIC insurance that may or may not exist for me is at best minimal. I fear the financial crises stories of people losi...
by Maple
Tue May 28, 2019 10:41 am
Forum: Non-US Investing
Topic: Advice for parking USD short-term, non-US investor? [Jordan]
Replies: 10
Views: 907

Re: Advice for parking USD short-term, non-US investor? [Jordan]

I have a sum of USD in cash that I would like to park short term, 1-3 years. As a non-US individual, I prefer Irish-domiciled funds. What low cost fund would you recommend? I'm a big fan of the Bogleheads forum. Thanks! Hi banoffeeape86, Are you looking for an ETF with bonds, equities, both? If you...
by Maple
Thu May 23, 2019 5:39 pm
Forum: Non-US Investing
Topic: New Investor [ETF suggestions for Canadian expat]
Replies: 26
Views: 2199

Re: New Investor

So I figure a modest 3%-4% draw down a month ... I just don't know what is the best portfolio considering my age, citizenship, and geographic location. Do you think 50% Bonds is a good percentage? I keep reading "100 minus your age" for fixed asset allocation? Hello Wad, Welcome to the forum. :wink...
by Maple
Sat Apr 13, 2019 9:21 pm
Forum: Non-US Investing
Topic: International broker for index funds?
Replies: 5
Views: 755

Re: International broker for index funds?

Interactive Brokers accepts clients from most countries and will enable you to purchase index ETFs offered by the best companies such as Vanguard and iShares.
by Maple
Fri Apr 12, 2019 12:03 pm
Forum: Non-US Investing
Topic: Vanguard recently added several new Irish domiciled ETFs
Replies: 5
Views: 1269

Re: Vanguard recently added several new Irish domiciled ETFs

... I guess this is not extremely relevant, as liquidity of an ETF is mainly a function of the liquidity of the underlying assets? ... megatron1911, I agree that liquidity is mainly a function of underlying assets (and other ETFs it is correlated with). However, the more actively traded an ETF is, ...
by Maple
Thu Apr 11, 2019 11:34 pm
Forum: Non-US Investing
Topic: Vanguard recently added several new Irish domiciled ETFs
Replies: 5
Views: 1269

Vanguard recently added several new Irish domiciled ETFs

Vanguard, according to their ETF product page , added several new Irish domiciled ETFs in the past few months. Conveniently, many of the new ETFs are accumulating versions of previously available distributing ETFs. For example: VDTA for VDTY VDEA for VDET VDPA for VDCP etc ... The total assets of th...
by Maple
Mon Mar 25, 2019 1:16 pm
Forum: Non-US Investing
Topic: Investing amid uncertainty and no safety net [Canadian ex-pat in Asia]
Replies: 9
Views: 958

Re: Investing amid uncertainty and no safety net [Canadian ex-pat in Asia]

... Japan is the only country in Asia with a US estate tax treaty . For investors in countries without a US estate tax treaty, US estate taxes start to bite after just $60k of US situated assets... Outline of Non-US domiciles - Bogleheads TedSwippet, Are estate tax treaties based solely on the indi...
by Maple
Fri Mar 15, 2019 5:54 pm
Forum: Non-US Investing
Topic: Fidelity 401k And W-8BEN
Replies: 52
Views: 6831

Re: Fidelity 401k And W-8BEN

... I am sure it varies by company, and I know what Vanguard does. We don't know what Fidelity will do, though. Nor do we know how long anything of what Vanguard, Fidelity, or anyone else does now will persist into the future. My reading of the treaty is that Roth conversions are not taxable to the...
by Maple
Tue Feb 26, 2019 12:53 am
Forum: Personal Investments
Topic: GE Wabco Merger
Replies: 54
Views: 9256

Re: GE Wabco Merger

... https://www.reuters.com/article/us-getransportation-m-a-wabtec-idUSKCN1IM12I "The deal is tax-free for GE and Wabtec shareholders because it is structured as a so-called Reverse Morris Trust, with GE spinning off the transportation unit and simultaneously merging it with Wabtec. The transaction...