Search found 31 matches

by Storamin
Wed Sep 25, 2019 1:42 pm
Forum: Non-US Investing
Topic: New investor (Germany and Switzerland)
Replies: 21
Views: 1319

Re: New investor (Germany and Switzerland)

Question #1 : I don’t see any difference in accumulating/distributing etfs because in Germany and Switzerland you should pay on either accumulating or distributed dividends (I choose distributing vanguard ftse because in Degiro first etf purchase in month is free and this etf is in swiss list of “e...
by Storamin
Sun Aug 11, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Does any bank have a "high net worth" tier that provides forex wires at the interbank rate
Replies: 13
Views: 1435

Re: Does any bank have a "high net worth" tier that provides forex wires at the interbank rate

Fine dozens is an exaggeration. Okay I have a kid who is studying abroad and I need to wire money to his local Euro account (we tried having him use just a credit card but lots of Europe is cash only and his University wants checks for tuition.My wife is helping her parents renovate their house and...
by Storamin
Sun Aug 11, 2019 2:14 am
Forum: Non-US Investing
Topic: Foreign Earned Income Exemption and U.S. 401k?
Replies: 24
Views: 1639

Re: Foreign Earned Income Exemption and U.S. 401k?

Also, note that if you are from Virginia (as suggested by your user profile), the state will tax your non-US income unless you take affirmative steps to completely terminate state domicile. From this article : Ted -- thanks for the heads up on the Virginia domicile. We'll have sold our cars and wil...
by Storamin
Sat Aug 10, 2019 3:56 am
Forum: Non-US Investing
Topic: US citizens resident in Europe -- what do you do?
Replies: 19
Views: 3373

Re: US citizens resident in Europe -- what do you do?

Currency exposure : Convert EUR to USD, transfer to US, invest in US-domiciled funds (whose reporting currency will be USD) to get expososure to EUR denominated assets. 30 years later, sell US-domiciled funds, receive USD, transfer to EUR, remit to EU. In and of itself such a process shouldn't stop...
by Storamin
Sat Aug 10, 2019 3:38 am
Forum: Non-US Investing
Topic: new investor seeking advice [Germany]
Replies: 4
Views: 446

Re: new investor seeking advice [Germany]

Mixed questions I actually have a lot of questions regarding the practicalities of investing in Germany. What is a good choice of broker for a person living in Germany who not comfortable in the local language? Interactive Brokers looks like a good option, but I understand that they do not prepare ...
by Storamin
Thu Aug 08, 2019 1:46 pm
Forum: Non-US Investing
Topic: US citizens resident in Europe -- what do you do?
Replies: 19
Views: 3373

Re: US citizens resident in Europe -- what do you do?

As an update to the discussion above, there do not seem to be any particularly good answers here for US citizens resident in the EU, only a series of options each with their own pros and cons. 1. Continue investing via US accounts . Upside is that you continue to have access to the same wide range ...
by Storamin
Sat Jul 27, 2019 4:26 am
Forum: Non-US Investing
Topic: Investing in Germany - Portfolio Consideration and Taxes
Replies: 8
Views: 1136

Re: Investing in Germany - Portfolio Consideration and Taxes

Please look at taxation of funds in Germany. Since a 2018 tax law change, you have to review your portfolio on a yearly basis for taxation. Are you aware of this? There is a "Vorabpauschale" which is pretty annoying. https://www.test.de/Fondsbesteuerung-ab-2018-Das-muessen-Sie-ueber-die-Fondssteuer-...
by Storamin
Sun Jun 23, 2019 10:42 am
Forum: Non-US Investing
Topic: Online broker in Germany - recommendations needed!
Replies: 3
Views: 378

Re: Online broker in Germany - recommendations needed!

comdirect is pretty good and on the cheaper side. I like them.

Stiftung Warentest does a very good comparison of online brokers.
by Storamin
Sat Apr 27, 2019 12:55 am
Forum: Non-US Investing
Topic: Investment Planning [Germany ex-pat in US]
Replies: 5
Views: 680

Re: Investment Planning [Germany ex-pat in US]

As I read your post, it occurs to me that most important questions are not actually investment or tax planning questions but life questions. No one here can really answer those. There are of course positives and negatives from a tax planning perspective. In Germany it is significantly cheaper and ea...
by Storamin
Sat Mar 30, 2019 12:22 pm
Forum: Non-US Investing
Topic: Can Low income ppl become millionaire? [Hong Kong]
Replies: 38
Views: 3091

Re: Can Low income ppl become millionaire? [Hong Kong]

You make more than average household income in HK, so your income not low. In HKD you will be a millionaire sooner than USD! You need less S&P 500 and more Asia and global stocks. Too much America is not good. There are also many good European and Asian companies. taobao beat Ebay! Grab beat Uber in...
by Storamin
Thu Mar 07, 2019 3:25 pm
Forum: Non-US Investing
Topic: any experience with these US bank accounts for [US] ex-pat living abroad
Replies: 16
Views: 1969

Re: any experience with these US bank accounts for [US] ex-pat living abroad

asset_chaos wrote:
Tue Mar 05, 2019 7:56 pm
Schwab Bank (tried this 8 or 9 years ago and they wouldn't proceed w/ application w/o state id; my last US driver's license expired some time ago.)
You can apply now for the Schwab international brokerage & checking account. Minimum is $25k or so. I'm pretty happy with them.
by Storamin
Thu Mar 07, 2019 4:32 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 43
Views: 5694

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

Whether the OP should have an EU or NL 'tilt' is a separate question. No - the question is the same. The question is how much should be allocated to different countries or regions. Indeed my goal is to invest inline with the global market cap roughly the same as the Vanguard Total World stock Etf (...
by Storamin
Sat Mar 02, 2019 3:32 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 43
Views: 5694

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

Stocks VTI (Vanguard Total US Stock ETF (50-60%) VXUS (Vanguard Total International ex US Stock ETF) (40-50%) VWRL (temporary storage, to keep doing dollar cost averaging, see below) Fixed income CDs No bond fund yet, but considering: - AGGH (iShares Core Global Aggregate Bond UCITS ETF), TER 0.1% ...
by Storamin
Sat Mar 02, 2019 3:24 am
Forum: Non-US Investing
Topic: Portfolio of EUR Index ETFs [Germany]
Replies: 13
Views: 1620

Re: Portfolio of EUR Index ETFs [Germany]

I will correct it by leaving these 5 funds untouched, and gradually purchasing and thus increasing weight of the iShares Core MSCI World UCITS ETF (ISIN IE00B4L5Y983), that provides a world diversification. In one year, my new allocations will start to be more balanced Germany 44% USA 19% Emerging ...
by Storamin
Sat Mar 02, 2019 3:09 am
Forum: Non-US Investing
Topic: EU to US transfer - best in 2019?
Replies: 6
Views: 843

Re: EU to US transfer - best in 2019?

I have been using Transferwise and Currencyfair and they've both worked well for me.
by Storamin
Fri Jan 18, 2019 5:19 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 58727

Re: John Bogle has died at age 89

RIP Bogle.

I've always admired what he did for people, so that they could better live their lives. He was truly a visionary and pioneer.
by Storamin
Mon Dec 31, 2018 7:18 am
Forum: Non-US Investing
Topic: Minimizing currency exchange costs
Replies: 5
Views: 549

Re: Minimizing currency exchange costs

You're welcome. None of these questions are off topic for me, it's good to see it discussed. I agree that it makes sense to choose a foreign broker, however: 1) I would stay within the EU for a broker - there are good EU brokers that you can use. I am a CPA and file my own taxes so I speak from my o...
by Storamin
Sat Dec 29, 2018 3:37 pm
Forum: Non-US Investing
Topic: Minimizing currency exchange costs
Replies: 5
Views: 549

Re: Minimizing currency exchange costs

Where do you plan to retire to? How much are you planning to save in EUR in Europe vs in USD in US vs RoW? Why do want to invest via a US broker in US ETFs? US based ETFs will not be compliant with UCITS or EU regulations. What about Vanguard funds domiciled in Ireland? Some of the Vanguard ETFs are...
by Storamin
Wed Sep 19, 2018 3:04 am
Forum: Non-US Investing
Topic: As a future non resident alien (French national), should I bother contributing to a Roth IRA?
Replies: 3
Views: 677

Re: As a future non resident alien (French national), should I bother contributing to a Roth IRA?

I am a French National, and I will expect to retire in France. The tax treaty between France and US states that Pensions are taxable where they are paid (ie 401k/IRAs are taxable in the US, French pensions in France). It is one of the few tax treaties that tax this way regardless of the residency s...
by Storamin
Sat Sep 15, 2018 11:36 am
Forum: Personal Investments
Topic: Employer won't Match 401k. Why?
Replies: 52
Views: 6067

Re: Employer won't Match 401k. Why?

That would be illegal -- violates ERISA. Generally speaking, they have to provide a match for everyone or no one. (There are some complicated rules relating to, e.g., executive deferred compensation programs, but that doesn't seem to be what you're asking about). Your employer is cheap if they've c...
by Storamin
Tue Aug 14, 2018 12:18 pm
Forum: Personal Investments
Topic: (ETF vs Investor shares vs Admiral) VXF vs VEXAX vs VEXMX -- what's the difference?
Replies: 4
Views: 624

Re: (ETF vs Investor shares vs Admiral) VXF vs VEXAX vs VEXMX -- what's the difference?

A good primer on ETF vs MF: https://www.bogleheads.org/wiki/ETFs_vs_mutual_funds Mutual Funds: As for Investor vs Admiral mutual funds - it depends on how much you have invested in the mutual fund. The Admiral share has a higher balance requirement but has a lower expense ratio. You can read about t...
by Storamin
Wed Jul 11, 2018 12:07 pm
Forum: Personal Investments
Topic: 28 starting from scratch, 35k windfall, need help!
Replies: 6
Views: 622

Re: 28 starting from scratch, 35k windfall, need help!

A CFP is fine to get if you want to. Make sure you do your research and ask how they make money. A fee only CFP is fine. But honestly speaking, you can build a simple portfolio yourself without their help if you read the forums here. Do you want to play the market or do you want to be a long term in...
by Storamin
Sun Jul 01, 2018 11:27 am
Forum: Personal Investments
Topic: Just joined the workforce with $400k in student debt: can you review my financial plan?
Replies: 14
Views: 2724

Re: Just joined the workforce with $400k in student debt: can you review my financial plan?

Welcome! You are in a very low tax bracket right now - take advantage of this. Due to the government covering part of your interest I would put all of what you can into the Roth 403b up until the limit. You state a contribution limit of 26k - how did you figure that out? - I thought it was 18K? Plea...
by Storamin
Sun Jul 01, 2018 7:38 am
Forum: Personal Investments
Topic: What % of your equity is int’l?
Replies: 141
Views: 9599

Re: What % of your equity is int’l?

As an American living in Europe with an uncertain return, I am at 50% US and 50% international across all asset classes. I am happy being at 50% because of my residence abroad and my uncertain retirement location. The current US equities market is approx 50% of the World equities market. A few years...
by Storamin
Fri Jun 22, 2018 11:36 am
Forum: Non-US Investing
Topic: US expat in Germany
Replies: 8
Views: 1664

Re: US expat in Germany

I spent some time with the 4 questions myself and wanted to document what I ultimately arrived at: 1) After the below mentioned changes, I am comfortable with my planning. 2) HSA account will contain just VTIAX & VTSAX. I will probably shift the HSA to only VTSAX in the future. 3) We've gone thru a ...
by Storamin
Wed Jun 13, 2018 2:40 am
Forum: Non-US Investing
Topic: US expat in Germany
Replies: 8
Views: 1664

Re: US expat in Germany

Is Vanguard aware you do not reside in the US? If so I do lot think they will let you trade in your account. Contact them and ask. Some expats don't tell Vanguard or their Financial Institutitons that they don't live in the US and try to hide under the radar while using a US address. I have previou...
by Storamin
Wed Jun 13, 2018 2:38 am
Forum: Non-US Investing
Topic: US expat in Germany
Replies: 8
Views: 1664

Re: US expat in Germany

1. keep all your financial affairs as separate as possible. Your US citizenship and US tax by citizenship not residence means that your tax situation is by default difficult. Take FATCA (compulsory US reporting) plus MIFID II (means that it's hard to find US funds that you can actually buy, as a Eu...
by Storamin
Wed Jun 13, 2018 2:21 am
Forum: Non-US Investing
Topic: US expat in Germany
Replies: 8
Views: 1664

Re: US expat in Germany

Hi Storamin, Your situation reflects my own in many respects but we are a few years further along than you and your partner are, we are 57 and 67. My question to you and others on the forum is, is it possible to contribute to a ROTH if you are not paying US Federal tax due to the Foreign Tax Credit...
by Storamin
Sat Jun 09, 2018 2:51 am
Forum: Non-US Investing
Topic: How to build a passive portfolio in Norway?
Replies: 11
Views: 1443

Re: How to build a passive portfolio in Norway?

First of all, congratulations on starting thinking about this at 18! You are well ahead of most people. There is sufficient enough info to apply the Boglehead way when you're in the EU - generally this is referred to as "European" advice. But you're in the EEA and not the EU - I don't know what diff...
by Storamin
Sun May 20, 2018 6:30 am
Forum: Non-US Investing
Topic: Where to invest – moving overseas [Australia ex-pat, US citizen spouse]
Replies: 6
Views: 800

Re: Where to invest – moving overseas [Australia ex-pat, US citizen spouse]

We are moving to Australia in 1 month – I will surrender my green card (required since no longer resident). I would read up about surrendering your green card and make sure you follow the process correctly. As a US citizen, she will be taxed on her worldwide income - will she file MFS or MFJ? My ma...
by Storamin
Sat May 19, 2018 12:34 pm
Forum: Non-US Investing
Topic: US expat in Germany
Replies: 8
Views: 1664

US expat in Germany

Hey everyone, We're a US citizen & German citizen living in Germany. I am covered under US & German taxes while she is covered under German taxes. We will probably marry in the near future. Location in Germany is unsure – perhaps we will move to the US or another country. Retirement location is prob...