Search found 15 matches

by Citi
Tue Jun 19, 2018 8:24 am
Forum: Non-US Investing
Topic: Interactive brokers screws EU customers
Replies: 4
Views: 3704

Re: Interactive brokers screws EU customers

IB failed to warn customers in advance. So it's one of the two: 1) IB intended to fallow EU regulations, but did not inform the EU customers, 2) IB intended to allow EU customers to keep trading, but changed opinion overnight due to some legal issues. Both cases are cases of incompetence that seriou...
by Citi
Mon Jun 18, 2018 1:19 pm
Forum: Non-US Investing
Topic: Interactive brokers screws EU customers
Replies: 4
Views: 3704

Interactive brokers screws EU customers

Interactive brokers no longer allows to buy US domiciled ETFs for EU customers due to EU regulations. What is unacceptable is that the change occurred overnight couple days ago without a notice and I find some weird stories online where people cannot close they short positions due to that. It is dif...
by Citi
Thu Nov 23, 2017 9:04 pm
Forum: Investing - Theory, News & General
Topic: Dual Momentum Investing
Replies: 228
Views: 53680

Re: Dual Momentum Investing

Like most of the market timing stategies this one worked in the previous bear markets, those that did not are not discussed anywhere. But what if the next downturn is different ? In a hypothetical example, if a stategy does well in 4 out if 5 next market crashes, but the one it fails is the first on...
by Citi
Mon Nov 20, 2017 12:13 am
Forum: Investing - Theory, News & General
Topic: Dual Momentum Investing
Replies: 228
Views: 53680

Re: Dual Momentum Investing

I was considering this strategy, but decided not to use it. I would like to share my reasoning: 1. Evidence of real investors, funds or companies that successfully used such strategy are weak. 2. Evidence come from academia, rather than actual performance. This is main difference compared to Buy and...
by Citi
Mon Jun 12, 2017 3:18 pm
Forum: Investing - Theory, News & General
Topic: Are cap weighted indexes superior to float adjusted methodology
Replies: 7
Views: 1584

Re: Are cap weighted indexes superior to float adjusted methodology

These are extremely good points. Steven Bregman claim that non float-adjasted methodology historically outperformed float-adjusted by a significant margin can be said to be falsified by your analysis :)
by Citi
Mon Jun 12, 2017 8:31 am
Forum: Investing - Theory, News & General
Topic: Are cap weighted indexes superior to float adjusted methodology
Replies: 7
Views: 1584

Are cap weighted indexes superior to float adjusted methodology

I was listening to a random podcast that I found by fallowing Wesley Gray on twitter where Steven Bregman, in addition to criticizing the popularity of ETFs, also mentions changes that were made by S&P index providers as they moved from market cap methodology to float-adjusted one. At about 49:45 he...
by Citi
Fri Sep 30, 2016 2:28 am
Forum: Investing - Theory, News & General
Topic: Pete Mladina talks about factors that drive REIT returns
Replies: 1
Views: 389

Pete Mladina talks about factors that drive REIT returns

I found this podcast with Pete Mladina on Meb Faber show: http://mebfaber.com/2016/07/27/episode-9-guest-pete-mladina-thought-skill-just-risk-premia/ He talks about the exposure of REITs to small, value and term factors. And in a nutshell, what I can say is that REITs are interesting and not interes...
by Citi
Tue Feb 02, 2016 9:06 am
Forum: Non-US Investing
Topic: Euro Aggregate Bond ETF (IEAG) - would you choose it
Replies: 5
Views: 863

Re: Euro Aggregate Bond ETF (IEAG) - would you choose it

I hold US Total Bond Market ETF (BND) for 5 years and I'm very comfortable with it. But being European makes bond part of asset allocation nightmare. At the moment I have US Total Bond market/Euro corp bonds/deposits at local bank. I am looking to tranfer my complicated portfolio to passive and simp...
by Citi
Mon Feb 01, 2016 11:40 pm
Forum: Non-US Investing
Topic: Euro Aggregate Bond ETF (IEAG) - would you choose it
Replies: 5
Views: 863

Re: Euro Aggregate Bond ETF (IEAG) - would you choose it

The main question you should be asking yourself is whether this fits in your portfolio and completes it, in accordance with your strategy and risk tolerance. The question that worries me is that there might be some hidden risks due to both ETF and it's holdings being illiquid that I'm not aware of....
by Citi
Mon Feb 01, 2016 9:54 am
Forum: Non-US Investing
Topic: Euro Aggregate Bond ETF (IEAG) - would you choose it
Replies: 5
Views: 863

Euro Aggregate Bond ETF (IEAG) - would you choose it

I'm having secound thoughts about my bond ETF choice - ishares Euro Aggregate Bond ETF (IEAG). On one hand, I like the idea of investing in ETF that respresent total bond market. On the other, despite the reasonable size of IEAG it does not seem that liquide at all. Does the fact that ETF's number o...
by Citi
Wed Nov 11, 2015 2:13 pm
Forum: Non-US Investing
Topic: European poker player wants to retire in a Bogleheads style
Replies: 8
Views: 1926

Re: European poker player wants to retire in a Bogleheads style

I asked Interactive Brokers some questions a month ago, but only today I was able to read an answer (tip for those who like to travel: you cannot access IB while travelling in Myanmar). Thank you for contacting us. Here are the answers to your questions: a) Interactive Brokers is domiciled in U.S. w...
by Citi
Fri Nov 06, 2015 11:22 pm
Forum: Non-US Investing
Topic: European poker player wants to retire in a Bogleheads style
Replies: 8
Views: 1926

Re: European poker player wants to retire in a Bogleheads style

I receive 85% of dividends from US domiciled ETF that invest in US stocks and do not have to pay additional taxes on top of that. Ireland ETF distributes 85% as well, but distributions are subject to additional 15% dividend tax. Any ideas which option is the best for the bonds part of asset allocati...
by Citi
Fri Nov 06, 2015 8:07 am
Forum: Non-US Investing
Topic: European poker player wants to retire in a Bogleheads style
Replies: 8
Views: 1926

Re: European poker player wants to retire in a Bogleheads style

Thanks for the advice, your insights in other forum threads ralated to non-US isvesting were extremely informative. It's a personal choice to ignore the risk of US estate tax at the moment. The threat of FATCA is less clear to me. It seems that you live country which has estate tax treaty with US, b...
by Citi
Thu Nov 05, 2015 9:26 am
Forum: Non-US Investing
Topic: European poker player wants to retire in a Bogleheads style
Replies: 8
Views: 1926

European poker player wants to retire in a Bogleheads style

I'm a resident of Lithuania who used to play poker for a living. Small difference from other people of my age - after two years I plan to start withdrawing x% (approximately 3%) of the portfolio yearly. This investment income would be a half of my total income. Emergency funds: 1 year at least. Age:...
by Citi
Mon Oct 26, 2015 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Dividend tax efficiency of Irish ETFs that tracks US market
Replies: 1
Views: 316

Dividend tax efficiency of Irish ETFs that tracks US market

Dear Bogleheads, I hear a lot of advices for NRAs to choose Irish domiciled ETFs instead of US ones on these forums (mostly due to estate tax). There's one issue I struggle to understand. I'm a resident of Lithuania, which tax dividend income at 15%. Lithuania have a double taxation treaty with both...