Search found 43 matches

by Settlement
Sat Sep 09, 2017 5:01 pm
Forum: Non-US Investing
Topic: Help needed. US ETFs vs UCIT ETF for an Irish resident
Replies: 13
Views: 3868

Re: Help needed. US ETFs vs UCIT ETF for an Irish resident

Mixinvest, just wanted to thank you for the summary in the first post, it's incredibly helpful to us Irish residents. Did you pull the trigger on you investments in the end?
by Settlement
Fri Mar 17, 2017 11:00 pm
Forum: Non-US Investing
Topic: Investing in a new world index
Replies: 4
Views: 925

Re: Investing in a new world index

What fund are you in and what would you like to be in? What kind of account (taxable, Roth, IRA, 401K)? I am in iShares MSCI World UCITS ETF and iShares Emerging markets I want another msci world tracker because the UCITS one is taxed at 41% in Ireland where I will probably end up I don't have taxable accounts like that as they are not available in Ireland Hi Settlement, From your other post I understand that you are "Irish, Residing in Autsralia" suggest to add this in your opening post/title to attract good reactions. On your main question: I do not see any major disadvantages in buying another world index funds ( eg. FTSE, or others) but you need to pay attention especially if you have other funds as well: e.g. Emerging countr...
by Settlement
Fri Mar 17, 2017 5:17 am
Forum: Non-US Investing
Topic: Investing in a new world index
Replies: 4
Views: 925

Investing in a new world index

Hi all,

I have become a bit concerned with the tax implications of my particular fund that tracks the msci world index.

Is it reasonable to simply start buying a different world index? Are there any disadvantages to this? I don't intend to sell the old ones, merely invest in a different index.
by Settlement
Thu Mar 16, 2017 7:33 pm
Forum: Personal Investments
Topic: I'm a bit concerned about my investments (dividends) (have i made a mistake?)
Replies: 5
Views: 1722

Re: I'm a bit concerned about my investments (dividends) (have i made a mistake?)

Thanks for explanations. So basically the advantage is taxation?

As regards dividends showing up on my statements, there definitely weren't any
by Settlement
Wed Mar 15, 2017 11:53 pm
Forum: Personal Investments
Topic: I'm a bit concerned about my investments (dividends) (have i made a mistake?)
Replies: 5
Views: 1722

Re: I'm a bit concerned about my investments (dividends) (have i made a mistake?)

Thanks. I'm aware it's an accumulating fund. But I thought it would buy shares with the dividends and these would show up on statements?
by Settlement
Wed Mar 15, 2017 10:04 pm
Forum: Personal Investments
Topic: I'm a bit concerned about my investments (dividends) (have i made a mistake?)
Replies: 5
Views: 1722

I'm a bit concerned about my investments (dividends) (have i made a mistake?)

I own:

iShares Core MSCI World UCITS ETF
iShares Public Limited Company iShares Core MSCI Em.Mkts IMI UCITS ETF

I noticed recently that I never ever got any dividents. On reading the factsheets it says the distribution frequency is 'none'. Nor is there any record in my broker of dividends paid out

Is there some kind of phantom dividend somewhere?
Or did I pick terrible stocks?
by Settlement
Wed Jun 29, 2016 1:10 am
Forum: Non-US Investing
Topic: A basic question - diversification within currency
Replies: 10
Views: 933

A basic question - diversification within currency

Hi folks,

I subscribe to the boglehead methodology, with a buy and hold approach on a world and emerging market index. The recent turmoil over the Brexit has got me thinking.

If I were to sell my ETFs I would receive the cash in euro (my investing currency). If the euro were to collapse, I take it that this would be reflected in the value of my stocks? Hence there would be no reason for me to buy the same ETF in a different currency (as I now live outside the eurozone). Is this right? I suppose the theoretical value would be that if my stocks dropped but I cashed out in a different currency, the payout would be worth more

My grasp on the specifics of investing is not detailed, any help appreciated
by Settlement
Fri Jun 24, 2016 4:11 am
Forum: Non-US Investing
Topic: Help with australian investing
Replies: 4
Views: 474

Re: Help with australian investing

Hi all, I'm Irish, now resident in Australia. I'm 25. My portfolio is 80% stocks, 20% cash, + 6 months living expenses. Are you working or have a source of income? Do you have 6 months of emergency living expenses set aside (or is that what you refer to in "+ 6 months living expenses"? Within the 80% stocks I have 75% MSCI World and want to invest the other 25% in EM. When I finished work last year I invested 30k in euro between MSCI World and EM. I then moved to Australia. I have now saved enough money to invest again. I think it makes more sense to invest with an australian broker so I don't have to transfer my money back to euro. Why do you need a broker if you know what you want to buy/sell? Can you find a discount broker tha...
by Settlement
Fri Jun 24, 2016 2:48 am
Forum: Non-US Investing
Topic: Help with australian investing
Replies: 4
Views: 474

Help with australian investing

Hi all, I'm Irish, now resident in Australia.

I'm 25. My portfolio is 80% stocks, 20% cash, + 6 months living expenses.
Within the 80% stocks I have 75% MSCI World and want to invest the other 25% in EM.

When I finished work last year I invested 30k in euro between MSCI World and EM. I then moved to Australia. I have now saved enough money to invest again.

I think it makes more sense to invest with an australian broker so I don't have to transfer my money back to euro. What is the best way to emulate my previous strategy of MSCI worls and EM? Should my asset allocation change now that I am australian resident? Should I be investing in australian listed stocks instead of international?

Help appreciated
by Settlement
Fri Mar 25, 2016 8:53 am
Forum: Non-US Investing
Topic: About to invest again (different currency)
Replies: 3
Views: 531

About to invest again (different currency)

Hi,

I'm 25. My portfolio is 80% stocks, 20% cash, + 6 months living expenses.
Within the 80% stocks I have 75% MSCI World and want to invest the other 25% in EM.

When I finished work last year I invested 30k in euro between MSCI World and EM. I then moved to Australia. I have now saved enough money to invest again.

Should I transfer my money back to euro and invest in the same etfs? Or should I invest in similar etfs with a different trader through my Australian dollar?
by Settlement
Wed Nov 04, 2015 5:31 pm
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

Thanks BeBH65, very helpful!
by Settlement
Sun Nov 01, 2015 8:18 pm
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

Thank you beBh, excellent advice.

What's your particular reason for avoiding synthetic etf? Or just the various risks such as counterparty etc as mentioned before.

As regards tax, I will be taxed by both Ireland and Australia this year. I have researched extensively and have been unable to get a straight answer as taxation laws are complex, but all I could conclude is that accumulating ETFs are less likely to lead to high taxation. The other conclusion is that since I don't know the full details, and since its better to invest than not to invest, I will invest with accumulating funds and find out about taxation when it happens.
by Settlement
Sun Nov 01, 2015 2:32 pm
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

Also, since I'm already invested in ishares msci world etf, does it confer a benefit to diversify over several etf providers? Eg, to buy an amundi em etf instead of ishares em etf?
by Settlement
Sun Nov 01, 2015 2:11 pm
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

Thanks, that's very helpful. What's the difference between that one and the ishares etf I linked? Apart from the TER
by Settlement
Sat Oct 31, 2015 7:05 pm
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

The iShares I can see have a TER of 0.68%

https://www.justetf.com/en/etf-profile. ... rom=search

Can you link the ones you are talking about?
by Settlement
Sat Oct 31, 2015 7:43 am
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

BeBH65 wrote:Not sure which exact Amundi ETF you are proposing. Many Amundi Etf's are synthetic, this might also be the case for the one you selected.
This one: https://www.justetf.com/en/etf-profile. ... 0010959676

It's synthetic. Are you opposed to that?
by Settlement
Sat Oct 31, 2015 7:42 am
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

Thanks for response. I am a doctor in Australia so I don't think my job is at risk, market downturns don't really effect my job prospects I think.

I don't get the point about emerging markets. I understand that Australia is linked to China which is doing poorly but how does my investing in emerging markets have to do with this? I'm investing in € from an Irish bank account if that makes a difference
by Settlement
Fri Oct 30, 2015 9:00 pm
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

Amundi has the lowest TER at 0.2% - any thoughts on this?
by Settlement
Sun Oct 25, 2015 12:35 am
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

Is there a problem with Vanguard FTSE Emerging Markets UCITS ETF (VFEM) ? Also charges 0.25% p.a. and holds physical assets (reducing counterparty risk). If you are an Australian resident then Australia will tax you on your worldwide income (although foreign tax credits can avoid or mitigate double taxation). I have no real idea of the tax treatment of accumulating funds here but I would be wary (for example, if I recall correctly my understanding is that for inflation-linked bonds an increase in principal value would be taxable annually). There is a risk you could be subject to taxation of the (capitalised) dividends in Australia and then if you sell when in another tax jurisdiction would find it hard to avoid capital gains tax on the ful...
by Settlement
Sat Oct 24, 2015 8:26 pm
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

Re: About to invest in emerging markets

Hi all, I'm 25. My portfolio is 80% stocks, 20% cash, + 6 months living expenses. Within the 80% stocks I have 75% MSCI World and want to invest the other 25% in EM. I haven't bought into an EM ETF yet but was thinking of Comsgage EM which has a TER of 0.25%. I believe it is a synthetic fund. Thoughts on this? Will be investing in € with degiro from my irish bank account but am currently australian resident It's a fine plan. What's your goal? Overweight EM? Stick to mid and large caps? Cheaply overweight EM and stick to large and mid caps? At 0.40% TER there is SPDR® MSCI ACWI IMI UCITS ETF (EUR) | SPYI It has small cap stocks too (which usually means a higher TER) and weight EM at 12.7% see https://www.aperiogroup.com/resource/151/node/do...
by Settlement
Sat Oct 24, 2015 3:50 am
Forum: Non-US Investing
Topic: About to invest in emerging markets
Replies: 22
Views: 4079

About to invest in emerging markets

Hi all,

I'm 25. My portfolio is 80% stocks, 20% cash, + 6 months living expenses.
Within the 80% stocks I have 75% MSCI World and want to invest the other 25% in EM.

I haven't bought into an EM ETF yet but was thinking of Comsgage EM which has a TER of 0.25%. I believe it is a synthetic fund.

Thoughts on this? Will be investing in € with degiro from my irish bank account but am currently australian resident
by Settlement
Thu Sep 03, 2015 8:17 am
Forum: Investing - Theory, News & General
Topic: Nothing is something worth doing
Replies: 22
Views: 2902

Re: Nothing is something worth doing

First time investor here, so I finally pulled the trigger with my life savings... No really I did.
by Settlement
Thu Aug 20, 2015 8:55 pm
Forum: Non-US Investing
Topic: MSCI AWCI vs MSCI world + EM
Replies: 2
Views: 818

MSCI AWCI vs MSCI world + EM

Hi folks,

In my quest for simple, diversified, accumulating, low TER index funds that track the world market I have come across several options. I will be buying european domiciled ETFs. I want exposure to emerging markets. I am not interested in vanguard owing to specific personal taxation issues relating my situation.

Is it better to go with an MSCI AWCI and leave it at that or to purchase an ETF tracking MSCI world and then separately get an EM index?
Is this simply a matter of cost or are there any other pitfalls I am missing?

For background:
I have €30k to invest
No debt
Looking at 80% stocks, 20% bonds AA
Within stocks, 20% EM and 80% international
Irish citizen, australian resident

Thanks
by Settlement
Thu Aug 20, 2015 4:14 pm
Forum: Non-US Investing
Topic: Double taxation agreement between Ireland and Australia
Replies: 4
Views: 739

Re: Double taxation agreement between Ireland and Australia

Thanks for responses.

Having looked into this further, I believe that as a temporary resident of Australia on a 457 visa, income earned abroad is not subject to taxation in Australia
by Settlement
Thu Aug 20, 2015 3:21 am
Forum: Non-US Investing
Topic: European Portfolio - my very own approach
Replies: 2
Views: 571

Re: European Portfolio - my very own approach

What are interest rates like in Germany? If they were high you could keep cash instead of bonds
by Settlement
Wed Aug 19, 2015 2:08 am
Forum: Non-US Investing
Topic: Double taxation agreement between Ireland and Australia
Replies: 4
Views: 739

Double taxation agreement between Ireland and Australia

I am an Irish citizen recently moved to Australia for employment. I am resident in Australia for tax purposes.

I am considering buy ishares ETFs with euro held in my Irish bank account.

Will I be subject to taxation in both countries on both dividends and capital gains? Or are there tax credits I can apply?
by Settlement
Tue Aug 18, 2015 5:53 am
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: Advice please [Irish citizen, working in Australia]

Thanks tonen.

I think I might use my Irish lump sum to buy stocks and then allocate 20% of my portfolio to Australian cash.

Then when I earn more the decision will be either to send it home to buy more stocks in euro or else buy separately here and buy from vanguard Australia
by Settlement
Tue Aug 18, 2015 1:15 am
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: Advice please [Irish citizen, working in Australia]

Are those government or corporate bonds? Any recommendations?
by Settlement
Mon Aug 17, 2015 10:00 pm
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: Advice please [Irish citizen, working in Australia]

Thanks for reply ma15, that was a good read.

My ING account offers 3.5% up to 100k. After tax and inflation this likely represents an actual return of not much more than 1% but still it's better than nothing, instantly accessible ie far more liquid
by Settlement
Mon Aug 17, 2015 1:28 pm
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: Advice please [Irish citizen, working in Australia]

What do you guys think of substituting the bond portion of my portfolio with cash in a 3.5% instant access account in Australia?

Such an account would yield more than 2% after tax, as good as most European bonds without the inflation risk of fixing it for 5 years and is a more liquid solution
by Settlement
Fri Aug 14, 2015 10:45 pm
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: Re:

Ah yes. Took me a minute to equate AA with asset allocation. Now I understand that you mean I may diversify my portfolio by pooling my holdings together and they need not be diversified in each separate location.
by Settlement
Fri Aug 14, 2015 9:04 pm
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: Advice please [Irish citizen, working in Australia]

Tonen wrote:As an aside, consider using one of the P2P currency exchange companies to minimise spreads when you transfer any AUD to Euro. Retail exchange rate spreads are about 3% - you can get close to zero with P2P. I personally use CurrencyFair (which happens to be domiciled in Ireland). There are others - just make sure any you consider are a fully regulated Authorised Payment Institution, so you have the same protections as if dealing with a "real" bank.
Thanks tonen, I actually already used Currency Fair when transferring euro to AUD prior to arrival, I found them excellent.
by Settlement
Fri Aug 14, 2015 9:03 pm
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Wow, thanks in_reality, very comprehensive response. The process of answering your questions has made me think about a few factors which I hadn't previously considered. “Well you have to have a super so the question seems to be what to do with your euro.” Yes, I must have a super, but I meant ought I invest in stocks and bonds separate to this super, with earnings from my job here in Australia. “This makes perfect sense to me. Do you mean covert to AUD and invest in the FTSE All-World index? Or do you mean find a broker in Ireland/UK/Euro, so you'll stay in your home currency and won't have to pay to convert. The downside is the administrative hassle of opening an account in Ireland while you are in Australia but really it's just a little p...
by Settlement
Fri Aug 14, 2015 4:42 pm
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: Advice please [Irish citizen, working in Australia]

Thanks lady geek for retitling of thread and thanks all for responses. Still unsure whether to make 2 separate portfolios or just have one. Would it be reasonable to have one portfolio with my euro, tracking the FTSE All-World index. Then separately I could contribute to an Australian portfolio with domestic stock, international stock, and bonds? The other alternative is just to invest my euro lump as the interest rates back home are worse. I could then keep my Australian dollar in my 3.5% bank account. I'm already automatically contributing to super in Australia, it is mandatory to contribute 9.5%. I can withdraw this before retirement, subject to taxation, if I prove I'm leaving permanently. As you guys say, it's hard to know which curren...
by Settlement
Fri Aug 14, 2015 6:20 am
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: The Three Fund Portfolio

As an Irish investor with a lump sum in euro but savings in Australian dollar I'm a little confused about the optimum way of investing this to avoid currency fx etc.

As an Australian resident am I better off going with vanguard Australia? If so, will investing my euro lump sum incur a large exchange fee?
by Settlement
Fri Aug 14, 2015 1:59 am
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Confused new boglehead. Need help

[Post merged into here, see below. --admin LadyGeek] Hi all. I'm a 25 year old Irish citizen who has recently moved to Australia and am now resident here for tax purposes. I have always been interested in financial independence and I follow the boglehead way of life: save prolifically, minimise expenditure, avoid debt etc. Recently I have become interested in investing in stocks and bonds. I left €30,000 in my Irish bank account when I came to Australia as I didn't want to deal with currency exchange charges and risk. I am now saving 2-3k $AUD monthly here. I want to invest in stocks and bonds, with 75% in the former and 25% in the latter. My time horizon is at least 15 years and I'm interested in the simple three fund portfolio. My confus...
by Settlement
Thu Aug 13, 2015 7:29 pm
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: The Three Fund Portfolio

Thanks longinvest. I enjoy your simplified approach. I will do some research in order to find out which stocks and bonds are personally most appropriate for my three fund portfolio
by Settlement
Thu Aug 13, 2015 7:26 pm
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: Advice please

Thanks a.

I'm actually an Irish citizen, not an Australian citizen, but resident in Australia for tax purposes.

I think it will be a case of finding a cheap online broker and buying ETFs, but which ones to best emulate the three fund portfolio I am not sure
by Settlement
Thu Aug 13, 2015 2:35 am
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Re: Advice please

Thanks for response a.

In terms of investing in a three fund portfolio as recommended by Taylor Latimore on this site, how do I go about getting my hands on stocks and bonds from Ireland? Would they have to be bought in dollars? (And hence causing me to lose money through fx) and fees paid in dollars etc?
by Settlement
Thu Aug 13, 2015 12:04 am
Forum: Investing - Theory, News & General
Topic: The Three-Fund Portfolio
Replies: 3898
Views: 2435104

Re: The Three Fund Portfolio

Taylor, as an Irish investor investing in euro, is there any reason why I shouldn't pursue this three fund portfolio?

I am not sure that I can use tax advantaged accounts like US residents but are there any other barriers to my investing with this portfolio? I want 75% stocks and 25% bonds
by Settlement
Wed Aug 12, 2015 12:34 am
Forum: Non-US Investing
Topic: Advice please [Irish citizen, working in Australia]
Replies: 31
Views: 3774

Advice please [Irish citizen, working in Australia]

Hi, I'm 25 and have about €30k to invest. I am an Irish citizen living and working in Australia. The money is in my Irish bank account. Interest rates in Ireland are very poor and so I am seeking another way of making my money work for me. I do not foresee any immediate large expenses in the future and want to accrue wealth to give the option of early retirement. I live a financially sound lifestyle and save more than 50% of what I earn. I have familiarised myself with the bogleheads proven approach here on this website and was set to go, looking to allocate 75% of my assets to stocks and 25% to bonds. However, I realised much of the advice here may not apply in Ireland. Additionally, as I am non resident, this complicates things. In short,...