Search found 75 matches

by shcnno
Wed Nov 27, 2019 6:21 am
Forum: Personal Finance (Not Investing)
Topic: Receiving Bank Wire Transfer Questions
Replies: 12
Views: 1462

Re: Receiving Bank Wire Transfer Questions

Want to update on this. I gave the sender my bank of america bank account wire details and i received the wire. It was for a high 3 figure amount and i noticed right after that transaction, the next transaction shows 15 dollar wire transfer fee when i checked my boa online banking etc. So boa does ...
by shcnno
Sat Nov 16, 2019 1:10 pm
Forum: Non-US Investing
Topic: Receiving an International Bank Wire Transfer Questions
Replies: 30
Views: 2037

Re: Receiving an International Bank Wire Transfer Questions

It's the sending bank that will use an intermediary bank if the bank is non US.. This fee is normally around $25.
You would have to ask the sending bank how much their intermediary bank charges, but this information is hard to get.
by shcnno
Thu Oct 31, 2019 3:39 am
Forum: Non-US Investing
Topic: U.S. resident with foreign funds — what to do [Norway ex-pat]
Replies: 9
Views: 693

Re: U.S. resident with foreign funds — what to do [Norway ex-pat]

How do you hold nok with schwab? I also have schwab global account but if I transfer any foreign currency in they automatically convert to usd. Also can you trade Norwegian stocks online, or need to call? And BTW if you have emigrated from Norway and are no longer a tax resident then you don't pay a...
by shcnno
Sat Oct 19, 2019 8:32 pm
Forum: Non-US Investing
Topic: Interactive Brokers alternative for Swiss
Replies: 20
Views: 1594

Re: Interactive Brokers alternative for Swiss

Dear community I would love to invest in US ETFs (I hope that this will be still possible in 2020 and later), but IB just turns me off completely. It looks so complicated and it’s not user-friendly at all. I’m ready to pay some fees, as long as it’s below 250USD/year (inclunding everything, CHF->US...
by shcnno
Thu Sep 26, 2019 11:29 pm
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2327

Re: Investing in Norway for expat

Definitely agree. Plot the price of oil and NOK:USD and I bet they are highly correlated. If oil vanishes as an energy source, for example due to climate concerns, Norway is in for a world of hurt unless they significantly invest to diversify their economy. Yes, and this is reflected by current exc...
by shcnno
Thu Sep 26, 2019 11:56 am
Forum: Spain
Topic: Retirement - Spain or Portugal?
Replies: 36
Views: 6062

Re: Retirement - Spain or Portugal?

Didn't Andalucia remove wealth taxes last year?
by shcnno
Thu Sep 26, 2019 11:39 am
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2327

Re: Investing in Norway for expat

I am guilty of knowing too little :) if someone where to short a currency, wouldn’t that be a short term short, do people short currency in five, ten, twenty year time frame? Thanks! Yes you can. You borrow and sell NOK and buy usd with that. You'll pay interest on the loan and gain interest on the...
by shcnno
Wed Sep 25, 2019 7:42 pm
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2327

Re: Investing in Norway for expat

You cannot, generally, tell anything about the movements of future exchange rate from the past exchange rate. In any case I would read that chart as a *buy* because you get the assets more cheaply if you are a USD investor. If the price of oil goes up I predict the NOK will go up. Because if I plac...
by shcnno
Mon Sep 23, 2019 12:29 pm
Forum: Non-US Investing
Topic: Investing in Norway for expat
Replies: 27
Views: 2327

Re: Investing in Norway for expat

You wouldn't have to pay taxes to norway for a OBX fund, as they don't payout dividends and capital gains are not taxed for non resident. Why do you think it's a bad time to buy NOK when the rate is at historical low? Of course no one knows where it's heading, but if anything I would say it's good t...
by shcnno
Wed Jul 24, 2019 5:24 pm
Forum: Non-US Investing
Topic: What do you think about SPDR MSCI World UCITS ETF?
Replies: 15
Views: 1665

Re: What do you think about SPDR MSCI World UCITS ETF?

you might loose on spread when buying/selling (until it has more volume)
by shcnno
Tue Jul 23, 2019 7:47 am
Forum: Non-US Investing
Topic: Sell real estate, pay capital gains tax and buy index fund?
Replies: 11
Views: 982

Re: Sell real estate, pay capital gains tax and buy index fund?

runner540 wrote:
Tue Jul 23, 2019 6:41 am
Are you not a US citizen? For US citizens (and perm residents?) there is no such thing as a tax free country.
No, I'm not. This is the non US forum :)
by shcnno
Tue Jul 23, 2019 3:02 am
Forum: Non-US Investing
Topic: Sell real estate, pay capital gains tax and buy index fund?
Replies: 11
Views: 982

Re: Sell real estate, pay capital gains tax and buy index fund?

I had a similar situation to make... Properly was earning about 4%. More than bonds, less than stocks. But if one is concerned about returns one must think of risk adjusted returns. The rental income and house price is relatively stable so I'm sticking with it (even though I have no CGT now but wou...
by shcnno
Mon Jul 22, 2019 5:18 pm
Forum: Non-US Investing
Topic: Sell real estate, pay capital gains tax and buy index fund?
Replies: 11
Views: 982

Re: Sell real estate, pay capital gains tax and buy index fund?

Yes it's rented out with positive cash flow after expenses and taxes. Not much hassle with it, just thinking about long term returns vs stock marked.
by shcnno
Mon Jul 22, 2019 4:47 pm
Forum: Non-US Investing
Topic: Sell real estate, pay capital gains tax and buy index fund?
Replies: 11
Views: 982

Sell real estate, pay capital gains tax and buy index fund?

I'm struggling to see clearly what's best in this situation. I current own an investment property worth 400K with a 200K mortgage. If I were to sell it I will have to pay CG taxes and will end up with about 150K cash that I could put into index funds. Now if I keep the apartment I can defer the CG t...
by shcnno
Sun Jun 09, 2019 11:25 am
Forum: Non-US Investing
Topic: Does the exchange matter for VWRL/VWRD?
Replies: 4
Views: 620

Re: Does the exchange matter for VWRL/VWRD?

I recently changed margin requirement for Vwrd due to low colume, I think the Euro ones were not affected. Might be worth to take note of if you would ever borrow on the account.
by shcnno
Sun Jun 09, 2019 9:49 am
Forum: United Arab Emirates
Topic: IB Account: Transfer Fee
Replies: 12
Views: 1695

Re: IB Account: Transfer Fee

I got stung on the same... Citibank US (IB's US bank) charges $25 USD for any incoming international USD transfer. (My own bank also charged me an 8 USD fee for transferring out internationally). Things that might help you are It is a flat fee so transfer a lot and infrequently No fee for local USA...
by shcnno
Tue May 28, 2019 2:31 am
Forum: Non-US Investing
Topic: Advice for parking USD short-term, non-US investor? [Jordan]
Replies: 10
Views: 872

Re: Advice for parking USD short-term, non-US investor? [Jordan]

Why not buy treasury notes or bonds via a broker.
by shcnno
Thu Apr 04, 2019 12:37 am
Forum: Non-US Investing
Topic: New cheap core ETF: L&G Global Equity UCITS ETF
Replies: 4
Views: 645

Re: New cheap core ETF: L&G Global Equity UCITS ETF

I would wait until it gets bigger with more volume to avoid big spreads. The buy/sell spreads will cost you more than the 0.1% yearly fee saving. I don't think an order will move the marked much, as there are big banks behind that will step in and buy if the buying price is too low compared to the u...
by shcnno
Fri Mar 22, 2019 10:27 pm
Forum: Non-US Investing
Topic: Non-resident Indian deposits
Replies: 17
Views: 1784

Re: Non-resident Indian deposits

Is this offer only for non resident indians, or can anyone take advantage of it?

Why do you need a physical deposit certificate, do you need that to withdraw the funds after one year? If not everything can be done online it would not be very convenient for non residents.
by shcnno
Fri Mar 22, 2019 10:16 pm
Forum: Non-US Investing
Topic: How to avoid middleman bank charges when wiring money into the US?
Replies: 10
Views: 861

Re: How to avoid middleman bank charges when wiring money into the US?

You should view this intermediary bank fee as part of the sending banks wire transfer fee. All regular banks will have a similar fee. $15 is actually quite low, $25 is more common. Only way I have found to avoid it is with a Premier account with HSBC in Hong Kong. They will remove this fee for premi...
by shcnno
Wed Mar 20, 2019 4:10 am
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1403

Re: IB: VWRD new margin requirement 100% due to low trading volume

Note that a better replication of VWRD is 76% IWDA, 12% EIMI and 12% WSML (small cap stocks in Developed World). Those are the percentages I went in with over a year ago. I did not wish to be bothered by having to reinvest dividends quarterly. I did buy VWRD in another account, just to see how thin...
by shcnno
Mon Mar 18, 2019 7:26 am
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

I already learned a lot from this thread! So even if I won't go ahead and do this it's very interesting to learn about futures and how it works.
Maybe I could consider it in a few years if I gain more knowledge and paper trading experience.

Thanks for everyone's input!
by shcnno
Mon Mar 18, 2019 7:24 am
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1403

Re: IB: VWRD new margin requirement 100% due to low trading volume

I sold Vwrd and bought iwda an EIMI instead. Lucky I was paying attention to this today, else some of the vwrd would probably have been liquidated on March 25th. I know it's not recommended to trade on margin, but in my case I had just borrowed very conservatively some cash that I will put back in a...
by shcnno
Mon Mar 18, 2019 3:36 am
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1403

Re: IB: VWRD new margin requirement 100% due to low trading volume

Anyone know if there are any tax differences on buying at euronext vs lse? What about LSE GBP listed one, are there stamp duty on those?
by shcnno
Mon Mar 18, 2019 1:20 am
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

Thanks for the links and videos, very useful!
BeBH65 wrote:
Mon Mar 18, 2019 1:13 am
So no 30% to the state and no 70% to you.
Dividens paid are not included in the e-mini future value?
by shcnno
Mon Mar 18, 2019 12:36 am
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

Let's take a look for your example. You buy 125k bonds at 2.4% interest and leave 15k cash in the account. If S&P 500 drop to 2400, just as last December, 20k cash will be removed from your account as a result of mark-to-market. Now the account will be 125k bond and -5k cash. I thought that as long...
by shcnno
Mon Mar 18, 2019 12:31 am
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1403

Re: IB: VWRD new margin requirement 100%

As for why low volume? Why would someone use it at all? VWRD is a very common etf for US non residents, and the only non US fund that covers both developed and emerging markets. Ah...I understand now. What you bought isn't a very common ETF. But it is very similar to a very common one. European ETF...
by shcnno
Sun Mar 17, 2019 11:47 pm
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1403

Re: IB: VWRD new margin requirement 100%

AlohaJoe wrote:
Sun Mar 17, 2019 11:14 pm
As for why low volume? Why would someone use it at all?
VWRD is a very common etf for US non residents, and the only non US fund that covers both developed and emerging markets.
by shcnno
Sun Mar 17, 2019 11:41 pm
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

I don't believe bonds in your account work for margin. I think it has to be cash. The bonds you bought can lose value if rates rise. Of course, the bonds will recover their NAV if you hold them to duration, but since you may need to sell them to put cash into your account for margin purposes, it's ...
by shcnno
Sun Mar 17, 2019 11:01 pm
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

Ignore lot of bad information in this thread. If you hold emini and rest in t-bills there is no difference than holding etf. In fact you can do better, buy a fraction of the amount in CD and future+ rest in t-bill, then you will do better. Don't know what NRA means, but you have better tax treatmen...
by shcnno
Sun Mar 17, 2019 10:59 pm
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1403

Re: IB: VWRD new margin requirement 100%

I just chatted with them, and they said it's likely because of very low traded volume. No plans to increase margin requirement for IWDA. So maybe I should switch to that.
Why is there so low volume for VWRD that IB feels there's a risk?
by shcnno
Sun Mar 17, 2019 10:39 pm
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

Ok, as an example, the e-mini 500 seems to equal around $140,000 of stock value. So say I have $140,000 I'd like to either buy etf's for or futures. Then I could buy bonds for $125,000 or so (and get 2.4% interest), and then buy one e-mini future that will resemble the movements of $140,000 in a sp...
by shcnno
Sun Mar 17, 2019 10:36 pm
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1403

IB: VWRD new margin requirement 100% due to low trading volume

I just saw this rather unexpected notice in my account that they're increasing marging requirement to 100% for VWRD from March 25th. I have borrowed some cash from my IB account (very safe margin ration - until now), but I now need to take action. I think the best thing I can do short term is to sel...
by shcnno
Wed Mar 13, 2019 1:09 am
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

As I'm reading more about futures and the e-mini 500, I can't see how this should be much different or more risky compared to buying the ETFs, if you hold the future without margin. So if you have t-bonds for the full amount to cover the future, then it seems to be very similar to holding the ETF. ...
by shcnno
Tue Mar 12, 2019 11:40 pm
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

Ok, as an example, the e-mini 500 seems to equal around $140,000 of stock value. So say I have $140,000 I'd like to either buy etf's for or futures. Then I could buy bonds for $125,000 or so (and get 2.4% interest), and then buy one e-mini future that will resemble the movements of $140,000 in a sp5...
by shcnno
Tue Mar 12, 2019 11:07 pm
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

As I'm reading more about futures and the e-mini 500, I can't see how this should be much different or more risky compared to buying the ETFs, if you hold the future without margin. So if you have t-bonds for the full amount to cover the future, then it seems to be very similar to holding the ETF. T...
by shcnno
Sun Mar 10, 2019 9:28 pm
Forum: Non-US Investing
Topic: U.S. ETFs on Foreign Exchanges (Mexico) – Dividends Question
Replies: 7
Views: 828

Re: U.S. ETFs on Foreign Exchanges (Mexico) – Dividends Question

You can buy Treasury bonds from brokers like IB, Schwab etc, and they will not withhold any tax on the interest from T-bonds (but will from bond ETFs).
by shcnno
Fri Mar 08, 2019 7:20 am
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

The current implied financing rate of s&p 500 is about 2.72%. Therefore, the question is whether you can find somewhere to park your cash with decent interest rate. If you can get 2.5% for floating cash, losing 0.22% per year might be better than paying the tax. But if you only earn 2% for floating...
by shcnno
Thu Mar 07, 2019 11:10 pm
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Re: Index futures instead of etf to avoid withholding tax

I don't know much about futures, but is it possible to use futures in place of a index etf to avoid dividends and then US withholding tax for NRA? NRA... National Rifle Association? National Recovery Association? As this is the non US investing sub I thought you might think of aliens before guns.
by shcnno
Thu Mar 07, 2019 10:26 pm
Forum: Non-US Investing
Topic: Index futures instead of etf to avoid withholding tax
Replies: 36
Views: 2508

Index futures instead of etf to avoid withholding tax

I don't know much about futures, but is it possible to use futures in place of a index etf to avoid dividends and then US withholding tax for NRA?
by shcnno
Mon Feb 11, 2019 6:45 pm
Forum: Non-US Investing
Topic: EU to US transfer - best in 2019?
Replies: 6
Views: 852

Re: EU to US transfer - best in 2019?

You can use interactive Brokers to exchange, you'll get much better rate than Transferwise.
You'll need both gbp and usd accounts in your name.
by shcnno
Mon Feb 11, 2019 11:28 am
Forum: Non-US Investing
Topic: US W8-BEN - Must You File One?
Replies: 13
Views: 1284

Re: US W8-BEN - Must You File One?

Hmm, both Schwab and Tdbank withhold tax on the (tiny amount of) interest I receive.
by shcnno
Mon Feb 11, 2019 9:23 am
Forum: Non-US Investing
Topic: US W8-BEN - Must You File One?
Replies: 13
Views: 1284

Re: US W8-BEN - Must You File One?

My banks withhold taxes even after filing w8-ben. Are they not supposed to for interest? Even without a tax treaty?
by shcnno
Sun Feb 03, 2019 7:16 am
Forum: Non-US Investing
Topic: Best way to set up Vanguard account as a non-US and non-UK resident?
Replies: 18
Views: 1226

Re: Best way to set up Vanguard account as a non-US and non-UK resident?

Note that that is only for Cash in the account. LSE listed ETFs would not be taxed even in a IB account. So not a big issue to use IB as long as you keep cash as bonds, funds. OK, so now, I’m confused again. My online broker, Internaxx, is based in Luxembourg. And, as you know, I live in Malta, whi...
by shcnno
Sat Feb 02, 2019 10:07 pm
Forum: Non-US Investing
Topic: Earning USD, Best method to invest in US Market [China]
Replies: 2
Views: 297

Re: Earning USD, Best method to invest in US Market [China]

Open IB account. Then you can deposit USD directly and buy LSE listed etfs (in USD). Other benefits is extreme good exchange rates for when you want to transfer out or deposit some AUD/NZD. As a CN resident you get only 10% withholding tax in the US, so owning some US listed funds like VTI can actua...
by shcnno
Sat Feb 02, 2019 10:03 pm
Forum: Non-US Investing
Topic: Best way to set up Vanguard account as a non-US and non-UK resident?
Replies: 18
Views: 1226

Re: Best way to set up Vanguard account as a non-US and non-UK resident?

Thank you, TedSwippet! 😊 Also great to learn about the estate taxation issue. I’d never heard about it or thought about it before. It’s a huge issue. It should be mentioned more prominently on these forums. (At first, I thought you were writing about the US having the right to tax all my gains. You...
by shcnno
Fri Feb 01, 2019 5:06 am
Forum: Non-US Investing
Topic: Interactive Broker Tax on dividends concerns for NRA and Ireland domicile ETFs
Replies: 35
Views: 2755

Re: Interactive Broker Tax on dividends concerns for NRA and Ireland domicile ETFs

You can buy USD bonds from us treasury directly and avoid withholding tax as nra. I have not found how to do this. IB, Schwab, eTrade all sell Bonds. Search for T-bills/T-Bonds. you can see any duration from just a week up to many years and you'll see the return. As long as you hold it until it mat...
by shcnno
Thu Jan 31, 2019 9:08 pm
Forum: Non-US Investing
Topic: Interactive Broker Tax on dividends concerns for NRA and Ireland domicile ETFs
Replies: 35
Views: 2755

Re: Interactive Broker Tax on dividends concerns for NRA and Ireland domicile ETFs

You can buy USD bonds from us treasury directly and avoid withholding tax as nra. I have not found how to do this. IB, Schwab, eTrade all sell Bonds. Search for T-bills/T-Bonds. you can see any duration from just a week up to many years and you'll see the return. As long as you hold it until it mat...
by shcnno
Wed Jan 30, 2019 11:41 pm
Forum: Non-US Investing
Topic: Non-USA Domiciles: VT, VWRD, and WD
Replies: 16
Views: 2799

Re: Non-USA Domiciles: VT, VWRD, and WD

Rogs is world small cap but us domiciled. Still for a small percentage of a portfolio corresponding to small caps only it could maybe work.
by shcnno
Wed Jan 30, 2019 11:36 pm
Forum: Non-US Investing
Topic: Interactive Broker Tax on dividends concerns for NRA and Ireland domicile ETFs
Replies: 35
Views: 2755

Re: Interactive Broker Tax on dividends concerns for NRA and Ireland domicile ETFs

You can buy USD bonds from us treasury directly and avoid withholding tax as nra.