Search found 393 matches

by alpine_boglehead
Thu Jul 30, 2020 1:15 am
Forum: Investing - Theory, News & General
Topic: I'm not getting why all the love for gold. here's why.
Replies: 87
Views: 4532

Re: I'm not getting why all the love for gold. here's why.

I think the debate about gold is fought with too much emotion. It's not an all-or-nothing choice. You can choose to own none, an ounce, or have a heavy allocation (like the 25% in the permanent portfolio). So I'll try to come up with some balanced thoughts. Gold has some unique properties - can't be...
by alpine_boglehead
Sun May 24, 2020 1:52 pm
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

Hi, I'm invested since Jan 18. I will modify my current ETF-savings plan from SPDR MSCI ACWI Acc: IE00B44Z5B48 to VGD FTSE All World Acc: IE00B44Z5B48 because the TER is only 0,22% compared to 0,40%. I will be charged with tax on two seperate dates now (even more when if I decide to include more/ch...
by alpine_boglehead
Sun May 17, 2020 12:33 am
Forum: Non-US Investing
Topic: Vanguard ETF
Replies: 12
Views: 1779

Re: Vanguard ETF

You'll find plenty of information in the EU investing section of the wiki . If you're a new investor, be sure to check out the getting started page , too. On justETF you can filter for Vanguard ETFs , but the ones in the wiki should be good enough already. If you've found a suitable ETF, check the l...
by alpine_boglehead
Sat May 09, 2020 12:13 am
Forum: Personal Consumer Issues
Topic: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.
Replies: 80
Views: 5494

Re: COVID-19 has revealed the stark deficiencies in long-term care facilities regardless of ratings.

I think the only surefire way to find out about the quality of a nursing home is to personally visit it and also talk to residents (who are mentally still ok) and their relatives. When we had to move a close relative to a nursing home some time ago, we talked with quite some people upfront (even in ...
by alpine_boglehead
Fri May 08, 2020 11:53 pm
Forum: Personal Consumer Issues
Topic: Percentage of savings to "prepping"?
Replies: 132
Views: 8805

Re: Percentage of savings to "prepping"?

The world market price for a ton of wheat (which will last a single person more than 4 years calories-wise) is about $210. You as a consumer will likely pay more, but it still won't impact your savings.

Household mills are not expensive either. Then post your bread baking recipes here. :D
by alpine_boglehead
Thu May 07, 2020 3:29 pm
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

Looking forward to your advisor's reply, this is a topic that has always confused me. I come bearing news. Thanks very much, very illuminating. One can download the excel for each meldefond from https://www.profitweb.at , someone whose German is better than mine, could probably parse this document ...
by alpine_boglehead
Sun May 03, 2020 2:05 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

It sounds to me that if you are retiring in Austria and living off your investments, you only pay the 27.5% tax on the capital gains (when you sell) and that weird in-ETF dividend tax, also deferred when you sell. What other taxes you need to pay? Pension and unemployment are outside of this discus...
by alpine_boglehead
Sun May 03, 2020 1:53 am
Forum: Investing - Theory, News & General
Topic: The Collapse in Global Inflation Expectations
Replies: 106
Views: 6643

Re: The Collapse in Global Inflation Expectations

Folks, I know that I know nothing. Hence, the base assumption of my financial planning assumes that everything is possible. 1) Why 1% in Gold/Silver? A) If I am wrong, it won't matters. B) If I am right and we hit hyperinflation, the Gold/Silver will go up to 30X to 100X. 1% is more than enough. 2)...
by alpine_boglehead
Sat May 02, 2020 12:54 pm
Forum: Investing - Theory, News & General
Topic: The Collapse in Global Inflation Expectations
Replies: 106
Views: 6643

Re: The Collapse in Global Inflation Expectations

Folks, I know that I know nothing. Hence, the base assumption of my financial planning assumes that everything is possible. 1) Why 1% in Gold/Silver? A) If I am wrong, it won't matters. B) If I am right and we hit hyperinflation, the Gold/Silver will go up to 30X to 100X. 1% is more than enough. 2)...
by alpine_boglehead
Fri May 01, 2020 1:31 am
Forum: Investing - Theory, News & General
Topic: The Collapse in Global Inflation Expectations
Replies: 106
Views: 6643

Re: The Collapse in Global Inflation Expectations

Great post, Simplegift, always appreciate your long-term view on things. Low inflation is indeed a plausible scenario that's obviously now the expectation of many. I disagreed. We are heading towards hyperinflation after the short-term deflation. Seriously, what changes to your investment portfolio ...
by alpine_boglehead
Tue Apr 28, 2020 1:17 pm
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

These are quite high taxes on dividends and capital gains. I wonder if there is some kind of progressive taxation for someone living off of their investments only? Yes, there is this option in Austrian tax law. You can opt to have your capital gains taxed at income tax rates (Regelbesteuerungsoptio...
by alpine_boglehead
Tue Apr 28, 2020 12:29 pm
Forum: Non-US Investing
Topic: [AUT/EU/USA] Portfolio advice when straddling the Atlantic
Replies: 17
Views: 1068

Re: [AUT/EU/USA] Portfolio advice when straddling the Atlantic

So, if there's a boglehead out there still following this that has any input, I would really appreciate some feedback on this. Is this against the boglehead way of keeping things simple (even though its aim is to reduce costs)? By not following the VT/FTSE World index 100%, am I betting on the mark...
by alpine_boglehead
Tue Apr 28, 2020 9:21 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

Do you have an authoritative source for this? I hope so! My Austrian tax advisor. But I see the evidence you presented is compelling, in particular the Konsument article and snippets from the Investmentfondsgesetz. I'm forwarding this to my tax advisor to see what his thoughts on this are. This is ...
by alpine_boglehead
Tue Apr 28, 2020 9:06 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

There might be one other difference between accumulting and distributing ETFs depending on your situation/broker. Many funds distribute in USD, and this money has to be converted to EUR when it hits your account. Conversion rates may vary, but you can assume that most brokers will have some fee on t...
by alpine_boglehead
Tue Apr 28, 2020 8:56 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

Maybe I should make a spreadsheet showing just how big that compounded 40% is.. ... and here it is: Austria Investors - Accumulating or Distributing ETFs? I would categorize the difference as substantial. If you want a true "simple" or hands off approach, then you're leaving lots of :moneybag on th...
by alpine_boglehead
Tue Apr 28, 2020 7:47 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

It seems you need to: Know when dividends will payout (and be reinvested) Know how long after that your Broker (flatex in my case) will get around to charging you Know how much the dividends will be Perform your 60% * KEst calculation Transfer that amount to your brokerage account in time for it to...
by alpine_boglehead
Tue Apr 28, 2020 7:44 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

Flatex charges you -0.4% from the moment there's a positive balance in the account. And -4.9% when there is a negative balance. It's the only broker that does that as far as I know, but also, as far as I know, flatex is the only tax-reporting broker in Austria that has no AUM fee, other charge a "s...
by alpine_boglehead
Tue Apr 28, 2020 7:40 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

It seems you need to: Know when dividends will payout (and be reinvested) Know how long after that your Broker (flatex in my case) will get around to charging you Know how much the dividends will be Perform your 60% * KEst calculation Transfer that amount to your brokerage account in time for it to...
by alpine_boglehead
Tue Apr 28, 2020 7:29 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

(+) Simpler, simply pay the tax bill with dividend money In the case of flatex - would this tax be withheld? or do they pay out the full dividend and then send you a tax bill? Yes, it is automatically withheld (for flatex and likely all other brokerage accounts which do automatic tax reporting in A...
by alpine_boglehead
Tue Apr 28, 2020 7:22 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 54
Views: 3203

Re: [AT/Austria] clarification on ETF taxes

These are quite high taxes on dividends and capital gains. I wonder if there is some kind of progressive taxation for someone living off of their investments only? Yes, there is this option in Austrian tax law. You can opt to have your capital gains taxed at income tax rates (Regelbesteuerungsoptio...
by alpine_boglehead
Sat Apr 25, 2020 4:19 am
Forum: Non-US Investing
Topic: [AUT/EU/USA] Portfolio advice when straddling the Atlantic
Replies: 17
Views: 1068

Re: [AUT/EU/USA] Portfolio advice when straddling the Atlantic

It's a complex scenario. The easy solution would be to use All-World (VT, VWRL) in both sides, but taxes and regulations add many moving parts and might make this a suboptimal solution. 3. Eurobonds. Is it worth it? Or should we hold EUR fixed-income in CDs or savings accounts? I can't seem to find ...
by alpine_boglehead
Wed Apr 01, 2020 2:03 pm
Forum: Non-US Investing
Topic: [Non-US] What makes iShares so popular? How much does that matter?
Replies: 31
Views: 4649

Re: What makes iShares so popular? How much does that matter?

You should rewrite the thread title. The question should be "What makes iShares so popular in Europe ?". The ETFs you are listing are European ETFs. iShares was first in this market, with a big head start. I don't know how long iShares ETFs have been around in Europe, but I'll here's what I know and...
by alpine_boglehead
Mon Mar 30, 2020 6:15 am
Forum: Non-US Investing
Topic: Can I do well with only one ETF?
Replies: 4
Views: 607

Re: Can I do well with only one ETF?

Welcome! If you haven't taken a look at it, check out the EU investing section in the bogleheads wiki (and the getting started section is also worth a glance). I agree with JimBeam's suggestion of FTSE All-World ETF. It's stocks from the whole world (including emerging markets), with the exception o...
by alpine_boglehead
Sun Mar 22, 2020 1:52 pm
Forum: Investing - Theory, News & General
Topic: Use this opportunity
Replies: 2
Views: 441

Use this opportunity

We're definitely in interesting times now, and interesting times always provide opportunity. Therefore here goes an actionable thread to encourage you take the opportunity to emerge stronger from this and also become better investors. This is my initial starter set of things you might want to do: In...
by alpine_boglehead
Sun Mar 22, 2020 1:33 pm
Forum: Personal Investments
Topic: Is Now the Time to Invest Emergency Fund?
Replies: 8
Views: 596

Re: Is Now the Time to Invest Emergency Fund?

No. There is never the time to invest the emergency fund.

Example: it's 2001, post-9/11 the market is closed, you have a personal emergency and need the money.
by alpine_boglehead
Sun Mar 22, 2020 12:26 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix on market crashes
Replies: 41
Views: 2358

Re: Ben Felix on market crashes

Really worth watching, thanks for posting. Really mind-boggling to think that through all the bad things that happened in the last 110 years (world wars, epidemics, all kinds of crises), things recovered and got better and delivered good returns to stock holders - including all the drops and bad ye...
by alpine_boglehead
Sat Mar 21, 2020 3:23 pm
Forum: Investing - Theory, News & General
Topic: Ben Felix on market crashes
Replies: 41
Views: 2358

Re: Ben Felix on market crashes

Really worth watching, thanks for posting. Really mind-boggling to think that through all the bad things that happened in the last 110 years (world wars, epidemics, all kinds of crises), things recovered and got better and delivered good returns to stock holders - including all the drops and bad yea...
by alpine_boglehead
Sat Mar 21, 2020 3:05 pm
Forum: Personal Investments
Topic: Guys I Rebalanced (Moved Monies Out Of S&P 500)
Replies: 301
Views: 18336

Re: Guys I Rebalanced (Moved Monies Out Of S&P 500)

It is nearly a mathematical necessity to have threads like these during a market crash - someone has to sell out mightily in order to depress prices like this. As to the OP - if prices from here drop 20% - so what? If you're investing in the stock market, you should expect such drops at any time - a...
by alpine_boglehead
Sat Mar 21, 2020 2:41 pm
Forum: Investing - Theory, News & General
Topic: COVID Crash: What did you get right?
Replies: 61
Views: 2843

Re: COVID Crash: What did you get right?

1. Low fixed costs, debt-free. 2. Reading KlangFools posts :D 3. Cleaning up old holdings. Both narrow ETFs and individual stock holdings from pre-boglehead times that had gone near/below their cost basis went out of the window, and were moved into total-world index funds (VWRL - in Europe), at the ...
by alpine_boglehead
Sat Mar 21, 2020 9:34 am
Forum: Investing - Theory, News & General
Topic: Who do you follow for market insights ?
Replies: 49
Views: 2653

Re: Who do you follow for market insights ?

Jack Bogle +1 His books are timeless and priceless. The problem with market "insights" (as in "the market did this because", "the market will do that because") that these are all somewhere between educated guesses, self-delusions and outright lies. One can predict if you shove your cup off the tabl...
by alpine_boglehead
Fri Mar 13, 2020 8:04 am
Forum: Investing - Theory, News & General
Topic: The Calm Post - Stay the course thread.
Replies: 511
Views: 45861

Re: The Calm Post - Stay the course thread.

It's springtime. Time to prepare the tomato and sweet pepper seedlings. And it's one of the four best seasons to stay calm and stay the course.
by alpine_boglehead
Fri Mar 13, 2020 7:53 am
Forum: Investing - Theory, News & General
Topic: Would you invest your HELOC in the market?
Replies: 57
Views: 1974

Re: Would you invest your HELOC in the market?

Don't do it. I finished reading "The Great Depression - A Diary" by Benjamin Roth just before things started going south, and one of the key points for me was that investing on borrowed money bankrupted people who would otherwise have come out fine eventually.
by alpine_boglehead
Thu Feb 27, 2020 5:46 pm
Forum: Investing - Theory, News & General
Topic: I can't believe I am thinking this [Panic and Survival 2008-09]
Replies: 432
Views: 276923

Re: I can't believe I am thinking this [Panic and Survival 2008-09]

fredflinstone wrote:
Thu Feb 27, 2020 5:31 pm
Best Boglehead thread ever?
One of the best at least (Market Timer's thread also comes to mind). It's an honor to post here. :D

It really helps to have been reading threads like this when the going gets a bit rough. Thanks to all who contributed to it.
by alpine_boglehead
Fri Jan 31, 2020 11:44 am
Forum: Non-US Investing
Topic: Non-distributing ETFs based in Ireland / Luxembourg
Replies: 9
Views: 675

Re: Non-distributing ETFs based in Ireland / Luxembourg

Level 1: Ireland funds pay 15% dividend tax to the US and roughly on average 8% rest of world. Just out of curiosity, where/how do you get the 8%? Think it would be useful in estimating the overall expense of such ETFs. I would love to see per-share information for gross dividends and net dividends...
by alpine_boglehead
Mon Jan 27, 2020 2:50 pm
Forum: Investing - Theory, News & General
Topic: Equity returns over the next 40 years
Replies: 87
Views: 5198

Re: Equity returns over the next 40 years

What will happen in the next 40 years is unknowable. Humans could build utopia or hell (likely something in-between as it's usually been). So any prediction is pretty moot. I recently read William Bernstein's retirment calculator from hell , which was a bit of an eye-opener for me that long-term inv...
by alpine_boglehead
Sat Dec 21, 2019 10:29 am
Forum: Investing - Theory, News & General
Topic: Hedged bond funds (e.g. AGGH) and expected returns
Replies: 5
Views: 444

Re: Hedged bond funds (e.g. AGGH) and expected returns

Good question. If the hedged yield is really like German bonds, it would be about -0.33% for the specified weighted average maturity of 8.77 years (currently German 5 year bonds have -0.53% and 10 year bonds -0.26%). AGGH also has an expense ratio of 0.10% which you also need to take into account. A...
by alpine_boglehead
Sat Nov 30, 2019 12:32 am
Forum: Investing - Theory, News & General
Topic: My 3 buckets: 1 yr cash + 2 yr bond + stocks
Replies: 114
Views: 10657

Re: My 3 buckets: 1 yr cash + 2 yr bond + stocks

Hopefully (historically speaking) by the time both of these funds are depleted the U.S. stock market will have recovered. I guess your interpretation bear markets lasting only 2.8 years is that it lasts from the highest point to the lowest point. That doesn't help you if you depend on the money, be...
by alpine_boglehead
Fri Nov 29, 2019 12:59 pm
Forum: Investing - Theory, News & General
Topic: How to think about Bull market future?
Replies: 36
Views: 2675

Re: How to think about Bull market future?

If you check the pessimistic financial media and self-claimed experts, there's been talk about the end of this bull market every now and then ... since April 2009. So far, nothing yet ...
by alpine_boglehead
Fri Nov 29, 2019 12:23 pm
Forum: Investing - Theory, News & General
Topic: A time to EVALUATE your jitters
Replies: 421
Views: 405101

Re: A time to EVALUATE your jitters

I am 33 and wife 32. We just had a newborn. We have about 330k invested at 82/18 equities/bonds, and I am getting very jittery about our asset allocation. I haven’t really experienced a recession before with my portfolio because i had barely any investments during th last one. I’m considering going...
by alpine_boglehead
Mon Nov 25, 2019 4:34 pm
Forum: Investing - Theory, News & General
Topic: A friend tried market prediction with machine learning
Replies: 13
Views: 2399

Re: A friend tried market prediction with machine learning

Interesting read. There's probably innumerable data scientists/software developers doing the exact same thing in this moment. IMO the problem is with the basic idea itself. Stock market prices are just some numbers, but underlying them is the performance of real-world entities. How would Apples's st...
by alpine_boglehead
Sun Nov 24, 2019 10:30 am
Forum: Investing - Theory, News & General
Topic: The Fred Flinstone model portfolio
Replies: 35
Views: 4147

Re: The Fred Flinstone model portfolio

A micro-cap value stock is defined as "I know it when I see it." Basically, look for dividend-paying stocks with very low market caps and low P/E ratios. Then buy a large basket of those more or less at random. Make sure to buy shares in companies across a range of different industries. I'll take s...
by alpine_boglehead
Wed Nov 06, 2019 11:40 am
Forum: Non-US Investing
Topic: New Accumulating Vanguard ETFs for EU Investors
Replies: 7
Views: 2047

Re: New Accumulating Vanguard ETFs for EU Investors

I've just noticed that there's now also Vanguard FTSE Developed World UCITS ETF Accumulating (USD), IE00BK5BQV03, TER 0,12% It's only trading on the LSE so far, and has only 3 million AUM (according to justETF ), but it's a probably share class of the same fund as the distributing version (IE00BKX55...
by alpine_boglehead
Tue Oct 29, 2019 11:25 am
Forum: Non-US Investing
Topic: Rebalancing in taxable accounts with capital gains liabilities
Replies: 4
Views: 696

Re: Rebalancing in taxable accounts with capital gains liabilities

Hey, In Portugal there aren't any tax shelters that would allow one to rebalance without incurring capital gains liabilities. Is it recommended to rebalance by selling overweight investments and buying underweight investments in those scenarios? I know one can rebalance when contributions are made ...
by alpine_boglehead
Fri Oct 25, 2019 12:50 pm
Forum: Investing - Theory, News & General
Topic: What were the best portfolios during the "lost decade" 2000-2009?
Replies: 33
Views: 4017

Re: What were the best portfolios during the "lost decade" 2000-2009?

Gold had a great run over this period. :oops: I guess what I was asking was, of the many popular (or typical, commonly-used, etc.) portfolios in use today, how would they have done? I could make a list here, but I think you know what they are. Gold was spectacular, Portfolio Visualizer gives you a ...
by alpine_boglehead
Wed Oct 23, 2019 11:50 am
Forum: Non-US Investing
Topic: Vanguard cuts fees across its European range
Replies: 16
Views: 3438

Re: Vanguard cuts fees across its European range

Thanks for posting, good news indeed. :sharebeer

I'm looking forward to the day that Vanguard FTSE All-World ETF reaches the VT expense ratio.
by alpine_boglehead
Wed Oct 09, 2019 3:27 pm
Forum: Non-US Investing
Topic: Beginner investor from Lithuania seeking advice
Replies: 21
Views: 1671

Re: Beginner investor from Lithuania seeking advice

Congratulations on the simple plan, it sounds good. One minor thing is that you might consider paying off your mortgage at an accelerated rate (if that is possible) instead of putting money into bonds - 1.6% is likely above what you can expect from EUR-hedged bonds.
by alpine_boglehead
Thu Sep 26, 2019 11:42 am
Forum: Non-US Investing
Topic: VWRD Dividends
Replies: 7
Views: 882

Re: VWRD Dividends

You can also view the dividend history of VWRD/VWRL back to 2012 at https://www.justetf.com/en/etf-profile. ... =dividends
by alpine_boglehead
Wed Sep 25, 2019 11:03 am
Forum: Investing - Theory, News & General
Topic: The Zeno's Paradox of investing: the buy-and-hold arrow that flies without moving
Replies: 31
Views: 3502

Re: The Zeno's Paradox of investing: the buy-and-hold arrow that flies without moving

The answer is - you have to settle for the GEP (good enough portfolio), whatever that means for every individual. But you obviously won't get this answer from the academics trying to research new stuff and the salesmen peddling new products. There's a big advantage of investing in taxable accounts -...
by alpine_boglehead
Tue Sep 17, 2019 1:39 pm
Forum: Personal Investments
Topic: Is private wealth management worth it?
Replies: 47
Views: 6593

Re: Is private wealth management worth it?

If you haven't read it, take a look at the managing a windfall wiki page . There's a saying I've read sometimes here - if you have enough knowledge to choose a good financial advisor, you don't need one anymore. It's true if you think about it - either you have to trust them blindly, or if you want ...
by alpine_boglehead
Sun Sep 15, 2019 2:32 am
Forum: Investing - Theory, News & General
Topic: Oil price going to a $100-- time to change your asset allocation??
Replies: 86
Views: 9118

Re: Oil price going to a $100-- time to change your asset allocation??

If your stock exposure is too high for you to sleep well (and causes you ruminate over minor details of the global economy), then yes, it would be prudent to reduce your stock exposure. If you read the Bogleheads forum a year ago, there was lots of discussion over rising interest rates. Now, the dir...