Search found 34 matches

by vstariradev
Tue Nov 19, 2019 12:56 pm
Forum: Non-US Investing
Topic: Comparing VWRA with IWDA+EMIM combination
Replies: 24
Views: 2964

Re: Comparing VWRA with IWDA+EMIM combination

1) Does "switching" mean buying VWRA from henceforth and keeping existing IWDA+EMIM intact? (vs selling IWDA+EMIM to buy VWRA) It can be interpreted in both ways. For most, selling the old shares involve hefty transaction costs which in itself eat up some profits. That’s why I think most will keep ...
by vstariradev
Thu Sep 12, 2019 10:40 pm
Forum: Non-US Investing
Topic: Is there sth like [SIPC] law in LSE?
Replies: 11
Views: 1039

Re: Is there sth like [SIPC] law in LSE?

IB isn't crystal clear on who their custodians are but it is probably IB LLC for securities IB UK are likely the entity holding your cash balance though. So keep cash to a minumum - there is no protection on that If you look at my quote from their document above you’ll see in 7C1 that IB LLC also h...
by vstariradev
Thu Sep 12, 2019 2:09 pm
Forum: Non-US Investing
Topic: Is there sth like [SIPC] law in LSE?
Replies: 11
Views: 1039

Re: Is there sth like [SIPC] law in LSE?

In essence I see IB UK really as a front-end and assets are held in IB LLC. Since IB LLC is an SPIC member, IB UK customers are still protected. From legal point of view, you do not have a contract with IB LLC, you have a contract wit IB UK. Theoretically, you should not be concerned where assets a...
by vstariradev
Thu Sep 12, 2019 9:24 am
Forum: Non-US Investing
Topic: Is there sth like [SIPC] law in LSE?
Replies: 11
Views: 1039

Re: Is there sth like [SIPC] law in LSE?

I'm sorry for reviving this thread but I think I found some information which could make it more informative. From the document concerning IB UK customers in section 7C we have information showing that IB LLC will hold cash and securities dealt via IB UK. https://gdcdyn.interactivebrokers.com/Univer...
by vstariradev
Thu Aug 29, 2019 10:39 am
Forum: Non-US Investing
Topic: Comparing VWRA with IWDA+EMIM combination
Replies: 24
Views: 2964

Re: Comparing VWRA with IWDA+EMIM combination

I want to thank BeBH65 for going through the numbers for us to compare the two options. I want to add 3 other factors we should consider. Tracking errors, commission fees when buying 2 ETFs and differences in indexes tracked. AFAIK tracking errors can introduce differences in the funds returns so it...
by vstariradev
Tue Jul 24, 2018 6:20 am
Forum: Non-US Investing
Topic: European investor: Is this the best choice of etf's? Wiki updated with new ones!
Replies: 32
Views: 2193

Re: European investor: please comment on choice of etf's

Hi vstariradev, that's interesting, I didn't know about Bulgaria as a possible location. Do you know of any easily accessible information I could refer to? The positive aspects of Portugal for me include the distance, the language and some familiarity. However it would be very interesting to unders...
by vstariradev
Tue Jul 24, 2018 5:03 am
Forum: Non-US Investing
Topic: European investor: Is this the best choice of etf's? Wiki updated with new ones!
Replies: 32
Views: 2193

Re: European investor: please comment on choice of etf's

I became alarmed at all this and I am now looking at non habitual residency in Portugal, which allows for 0% tax if you qualify as a tax resident. There is no wealth tax, no capital gains tax and no personal tax.This status currently lasts for 10 years. You have to spend 183 days and demonstrate th...
by vstariradev
Tue Jul 24, 2018 2:12 am
Forum: Non-US Investing
Topic: Investing from Cyprus
Replies: 15
Views: 1041

Re: Investing from Cyprus

Hi Tellurius and welcome,

I'd suggest you look for posts related to Cyprus using the search and PM anyone who might be in Cyprus. Even if you find someone who might be informed it's much safer to look at the official laws yourself or even better with a tax adviser.

Regards,
Vladimir
by vstariradev
Tue Jul 24, 2018 2:05 am
Forum: Non-US Investing
Topic: European investor: Is this the best choice of etf's? Wiki updated with new ones!
Replies: 32
Views: 2193

Re: European investor: please comment on choice of etf's

I may be off on a tangent here but based on the ETFs you've chosen I assume you're trying to mimic a total world stock etf like VT. If that's the case you might want to consider the actual % of small caps in VT (5%) compared to the 50%+ higher fee for just having a small cap ETF in your portfolio. O...
by vstariradev
Mon Jul 23, 2018 5:26 am
Forum: Non-US Investing
Topic: Brokerage - bank-brokers or brokers? [Bulgaria]
Replies: 19
Views: 1560

Re: Brokerage - bank-brokers or brokers? [Bulgaria]

Here is IB's response which confirms what I said earlier. 2018/07/21 02:19:23 Hi, I have an account with IB through one of their introducing brokers (Karoll Bulgaria). I'm also a Bulgarian (EU) resident and pay my taxes in Bulgaria. I would like to know if the account I have through Karoll is hosted...
by vstariradev
Sat Jul 21, 2018 1:05 am
Forum: Non-US Investing
Topic: Brokerage - bank-brokers or brokers? [Bulgaria]
Replies: 19
Views: 1560

Re: Brokerage - bank-brokers or brokers? [Bulgaria]

@vstariradev and @hithere - maybe interesting for you too That's good news. I have an IB account through one of their introducing brokers and asked that same question months ago. The response I got was that my account was in IB LLC (US). I guess individual and indirect accounts get placed in differ...
by vstariradev
Thu Jan 25, 2018 4:01 pm
Forum: Non-US Investing
Topic: [EU] Position transfer gone wrong with Saxo and IB
Replies: 3
Views: 469

Re: [EU] Position transfer gone wrong with Saxo and IB

Thats are same ETFs, stocks exchange or currency is not important. Sure, I know it doesn't matter and just the currency is different but I initiated a position transfer. The name itself implies that what should be received at the end of the transfer is what's there at the start. It doesn't seem rig...
by vstariradev
Thu Jan 25, 2018 11:04 am
Forum: Non-US Investing
Topic: [EU] Position transfer gone wrong with Saxo and IB
Replies: 3
Views: 469

[EU] Position transfer gone wrong with Saxo and IB

Hi, I initiated a position transfer from my SAXO broker account to IB. When receiving the positions in IB I saw that somehow the underlying currency has changed from USD to EUR. I also noticed the exchange used has changed from LSE to AEB. Has that happened to anyone else and how was it handled? I w...
by vstariradev
Mon Sep 11, 2017 5:50 am
Forum: Non-US Investing
Topic: adapt portfolios to european investor
Replies: 68
Views: 6569

Re: adapt portfolios to european investor

Hi and welcome to the BH forum. I recommend you read through the wiki page for Italian investors ( https://www.bogleheads.org/wiki/Investing_from_Italy ). The ETFs recommended there (SWDA in particular) match the strategy you're leaning towards. My advice to you is to read up as much as possible on ...
by vstariradev
Fri Sep 08, 2017 5:00 am
Forum: Non-US Investing
Topic: Irish ETFs taxes on US equity dividends
Replies: 17
Views: 2449

Re: Irish ETFs taxes on US equity dividends

Assuming the discussion so far is based on Ireland domiciled ETFs with distributing dividends, wouldn't it be better for OP to choose ETFs with accumulating dividends (if Israel doesn't tax their dividends)?
by vstariradev
Tue Aug 29, 2017 3:57 pm
Forum: Investing - Theory, News & General
Topic: [Bitcoin] question
Replies: 131
Views: 14200

Re: Bit Coin question

To add to the uncertainty, quantum computing is going to have a major impact on cryptography. What will happen to the now perceived as unbreakable cryptographic algorithms when the computing power grows almost exponentially?

Crypto currencies give me that castle in the sky feeling.
by vstariradev
Tue Aug 29, 2017 8:56 am
Forum: Personal Investments
Topic: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?
Replies: 34
Views: 4627

Re: Starting to doubt my index portfolio, will it at least get me 5% inflation adjusted over next two decades?

Not if you hire a management company. Well, think about it. Let us say you manage to comply with rule of thumb and get 1% monthly rent from purchase price. That is 12% a year. Alright, let us take out taxes, repairs and everything, maybe lower that to 10% a year, alright, let us take out inflation....
by vstariradev
Mon Aug 28, 2017 5:47 am
Forum: Personal Investments
Topic: Where can I find the europeean equivalents ETFs from a USD superdiversified 10 ETFs portfolio
Replies: 2
Views: 427

Re: Where can I find the europeean equivalents ETFs from a USD superdiversified 10 ETFs portfolio

oliviersk wrote:
Sun Aug 27, 2017 11:53 pm
Being in USD currency and the Euro being on the rise I wanted to find equivalents ETFs (tracking the same indexes) in Euros.
Currency is very volatile, are you going to be switching back to your current set of ETFs once the dollar begins to rise against the euro?
by vstariradev
Fri Aug 18, 2017 2:45 am
Forum: Personal Investments
Topic: Lost $7000 today in ONE DAY!
Replies: 183
Views: 21381

Re: Lost $7000 today in ONE DAY!

Yeah, we all lost money I guess. So although I try hard not get tax refunds, I had a state tax refund come in today for about $3000. So as is typical, I transferred that teeny little windfall into my account about bought VTI while it was down 1%. LOL, it closed down 1.6%. Just couldn't win today. :...
by vstariradev
Thu Aug 17, 2017 8:34 am
Forum: Non-US Investing
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 103
Views: 35315

Re: Non-US citizen with US Brokers: Estate Tax risk?

That's a fantastic thread discussing the topic in great detail but I still think one thing is missing for it to be complete and that is: How will we know that the situation discussed above is about to change or has changed already? Relying on proactive fellow non-US citizens in the same situation to...
by vstariradev
Thu Aug 10, 2017 2:32 am
Forum: Non-US Investing
Topic: Portfolio for [Italian investor]
Replies: 7
Views: 1131

Re: Portfolio for [Italian investor]

There are very good discussions on the topic of EU bond investments in this forum. I suggest you read through them for more info before making a decision on bonds. e.g. https://www.bogleheads.org/forum/viewtopic.php?t=174558 I'd also concentrate on EU as a whole if I go the bond investment route ins...
by vstariradev
Fri Jun 16, 2017 3:26 pm
Forum: Personal Investments
Topic: iShares Core MSCI World is deviating from benchmark. Why?
Replies: 3
Views: 811

Re: iShares Core MSCI World is deviating from benchmark. Why?

Is it possible the "cash" is offset by a levered futures/options/derivatives investment? In US based funds it's not uncommon to see an index fund with something like a 105% position invested in the index with a portion of it 'synthetic' with derivatives along with a 5% cash holding. I doubt that's ...
by vstariradev
Fri Jun 16, 2017 3:08 pm
Forum: Personal Investments
Topic: iShares Core MSCI World is deviating from benchmark. Why?
Replies: 3
Views: 811

iShares Core MSCI World is deviating from benchmark. Why?

Hi, Yesterday iShares Core MSCI World ETF (IWDA/SWDA) issued a new factsheet where they show the current top holdings %: TOP HOLDINGS (%) GBP CASH 5.31 APPLE INC 2.17 MICROSOFT CORP 1.39 AMAZON COM INC 1.09 FACEBOOK CLASS A INC 0.96 JOHNSON & JOHNSON 0.95 EXXON MOBIL CORP 0.90 ALPHABET INC CLASS C 0...
by vstariradev
Wed Mar 15, 2017 3:29 am
Forum: Non-US Investing
Topic: ESPP to good to be true? [EU]
Replies: 3
Views: 657

Re: ESPP to good to be true? [EU]

Are you in the U.S receiving this benefit or are you in a country where the tax system also has the concept of lower short-term (< 1 year US) vs. higher long-term (>= 1 year US) capital gains taxes I'm in Bulgaria (EU) where we don't have such types of taxes. I pay 5% dividend tax and no income tax...
by vstariradev
Tue Mar 14, 2017 10:58 am
Forum: Non-US Investing
Topic: ESPP to good to be true? [EU]
Replies: 3
Views: 657

ESPP to good to be true? [EU]

Hi, The company I recently started working for is a major German IT company with positive outlook and it offers the following employee shares purchase program: 1-10% (of net monthly salary) + 40% (company match) + 20 euro (subsidy from company) = cash going towards purchase of company shares e.g. 10...
by vstariradev
Wed Feb 22, 2017 1:38 pm
Forum: Personal Investments
Topic: New Boglehead Millionaire
Replies: 65
Views: 10640

Re: New Boglehead Millionaire

It's a great achievement and congratulations are due but there is something I want to mention. In 2012 you posted that you have 0.5 mil in the bank which you earned in 3 years. Now it's 5 years later. Basic math would tell us that by this time you should have at least 1 mil from working alone withou...
by vstariradev
Sun Feb 05, 2017 1:58 am
Forum: Non-US Investing
Topic: EU Investor - ETF portfolio with tilts
Replies: 13
Views: 2201

Re: EU Investor - ETF portfolio with tilts

WDSC = Wycombe District Swimming Club => http://www.wycombe-swimming.org.uk/ ?? Guys, would you mind giving the full fund names? Using only the ticker symbols is *not* cool and makes your posts meaningless for readers who do not know them from memory. And state your country, because taxation in the...
by vstariradev
Sat Feb 04, 2017 2:23 pm
Forum: Non-US Investing
Topic: EU Investor - ETF portfolio with tilts
Replies: 13
Views: 2201

Re: EU Investor - ETF portfolio with tilts

I'm also 28 and an EU resident in a country where acc ETFs are more tax efficient (I'm assuming this based on your ETF choice, you have to check it with a tax adviser). Our situation is similar so I'll share what I did and maybe it can give you some points to consider. I'm not saying my strategy is ...
by vstariradev
Sun Dec 11, 2016 4:43 pm
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 178
Views: 52056

Re: Interactive Brokers (Best Kept Secret)

I live in the EU and currently have less than $100 000 to invest so if I open an account directly the $10 fee would be a serious drain. Fortunately there is a local broker (Karoll) who has negotiated special conditions with IB UK. Karoll have reduced the monthly fee to $1 but charge higher trade com...
by vstariradev
Sun Dec 11, 2016 4:29 pm
Forum: Non-US Investing
Topic: My portfolio - passive global exposure for a non-american or european
Replies: 20
Views: 3455

Re: My portfolio - passive global exposure for a non-american or european

Hi Oren,

I'm following the same investment strategy as you (IB with IWDA, EIMI, WDSC) but I'm based in Bulgaria (a country with even worse credit rating (BB+)). Did you make a decision on what is the best approach and what reasoning did you use?

Thanks,
Vladimir
by vstariradev
Tue Nov 22, 2016 8:20 am
Forum: Non-US Investing
Topic: Taxation of EU resident investing in Ireland-domiciled ETFs
Replies: 4
Views: 1217

Re: Taxation of EU resident investing in Ireland-domiciled ETFs

Am I right in thinking IWDA has no distribution and dividends at all? If there are no dividends distributed at all then even though dividend income is taxed in Bulgaria there would be nothing to be taxed since I (the shareholder) haven't received anything. In the fund page it says: Distribution Freq...
by vstariradev
Mon Nov 21, 2016 1:26 pm
Forum: Non-US Investing
Topic: Taxation of EU resident investing in Ireland-domiciled ETFs
Replies: 4
Views: 1217

Re: Taxation of EU resident investing in Ireland-domiciled ETFs

Thanks for the response. I see a lot of things are specific to the tax laws in the country of residence and fund domicile but I would like to narrow down whatever's possible based on people's experience. Dividend tax: Dividend tax based on the treaties in place. You need to look what is applicable f...
by vstariradev
Sun Nov 20, 2016 11:49 am
Forum: Non-US Investing
Topic: Taxation of EU resident investing in Ireland-domiciled ETFs
Replies: 4
Views: 1217

Taxation of EU resident investing in Ireland-domiciled ETFs

Hi, This is my first official post to this forum and I want to say thanks to all contributors sharing their knowledge. You've helped me learn so much about investing in the past 6-8 months. I'm a 28yo Bulgarian resident (with UK/Bulgarian citizenship) looking to create a lazy portfolio with 2-3 ETFs...
by vstariradev
Wed Nov 02, 2016 10:24 am
Forum: Non-US Investing
Topic: VUSD vs. CSPX - which S&P 500 ETF is better?
Replies: 13
Views: 4957

Re: VUSD vs. CSPX - which S&P 500 ETF is better?

Bringing up this old thread. Is it correct that VUSD distributes the dividends while CSPX iShare is reinvesting then for you already? If that is the case I would go for CSPX and not VUSD That seems to match what I found on their info page. Does that mean no taxes on dividends? No, US taxes dividend...