Search found 35 matches

by Tourne
Mon Sep 16, 2019 1:21 pm
Forum: Non-US Investing
Topic: UK - Helping an older relative - Account Review
Replies: 12
Views: 795

Re: UK - Helping an older relative - Account Review

Many thanks to all of you. Lots of good points in here. I will go for the income shares at Fidelity, and look to add a bit of EM exposure. Also interesting to think about increasing equity exposure if she doesn’t need to draw on the funds for the next few years. As always, the BH community is really...
by Tourne
Sun Sep 15, 2019 2:39 pm
Forum: Non-US Investing
Topic: UK - Helping an older relative - Account Review
Replies: 12
Views: 795

Re: UK - Helping an older relative - Account Review

Great. Many thanks to you both. TedSwippet, my thought on the accumulating shares in the taxable account was that the capital gains threshold is higher than the annual allowance for dividends. I take it from your comment that income shares are better in the taxable account?

Many thanks,
Tourne
by Tourne
Sun Sep 15, 2019 11:15 am
Forum: Non-US Investing
Topic: UK - Helping an older relative - Account Review
Replies: 12
Views: 795

UK - Helping an older relative - Account Review

I am helping an older relative in the UK move away from her high-cost adviser. I will be managing her account for her using the Interactive Investor platform. While the basics of UK investing are very helpfully laid out in the BH Wiki, I just wanted to get a quick status check from those with more U...
by Tourne
Sun Sep 01, 2019 1:38 am
Forum: Investing - Theory, News & General
Topic: Providing information when opening a new brokerage account
Replies: 6
Views: 698

Re: Providing information when opening a new brokerage account

Many thank, folks. That is all very helpful information.
by Tourne
Sat Aug 31, 2019 1:54 pm
Forum: Investing - Theory, News & General
Topic: Providing information when opening a new brokerage account
Replies: 6
Views: 698

Re: Providing information when opening a new brokerage account

Ok, I get that. But has anybody out there ever actually had a broker call your employer to verify employment?
by Tourne
Sat Aug 31, 2019 1:26 am
Forum: Investing - Theory, News & General
Topic: Providing information when opening a new brokerage account
Replies: 6
Views: 698

Providing information when opening a new brokerage account

A few weeks ago there was a thread on why brokerage firms need to ask for personal information when you are opening an account.( https://www.bogleheads.org/forum/viewtopic.php?t=287613 ) SSN, address, and phone, I understand, but also net worth, income, and employer name and address. It seems that f...
by Tourne
Thu Aug 15, 2019 12:02 pm
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4073

Re: Schwab - U.S. ETFs and ETNs restrictions as of September 19

Interesting. Thanks for the reply.
by Tourne
Thu Aug 15, 2019 11:11 am
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4073

Re: Schwab - U.S. ETFs and ETNs restrictions as of September 19

But at least so far, US fund providers have elected not to, presumably for commercial reasons. By commercial reasons, do you mean they won't spend the money to write a Key Information Document, or they would rather non-US investors invest in their UCITS, which have higher ERs for the most part? I'm...
by Tourne
Thu Aug 15, 2019 8:12 am
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4073

Re: Schwab - U.S. ETFs and ETNs restrictions as of September 19

According to reports, Interactive Brokers and TD Ameritrade have already implemented the same restrictions. It's a lousy time to be a US citizen living outside the US in the EU, isn't it? Can I ask, for those using Interactive Brokers or TD Ameritrade, how has the change affected you? What are you/...
by Tourne
Thu Aug 15, 2019 8:07 am
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4073

Re: Schwab - U.S. ETFs and ETNs restrictions as of September 19

I called the Schwab international trading desk yesterday, and the situation is just as awesome as advertised. :annoyed No more purchase or dividend reinvestment for US-based ETFs. Schwab will begin offering UCITS funds on 19 September. To be honest, I'm not sure how they are getting around the PFIC ...
by Tourne
Sun Aug 11, 2019 11:24 am
Forum: Non-US Investing
Topic: UK - Why is Vanguard Lifestrategy Fund so much more complicated than in the US?
Replies: 5
Views: 558

UK - Why is Vanguard Lifestrategy Fund so much more complicated than in the US?

In the US, Vanguard's LifeStrategy Conservative Growth (40/60) has the following four funds: Vanguard Total Bond Market II Index Fund Investor Shares (VTBIX) - 41.80% Vanguard Total Stock Market Index Fund Investor Shares (VTSMX) - 24.30% Vanguard Total International Bond Index Fund (VTIBX) - 17.80%...
by Tourne
Sun Aug 11, 2019 10:57 am
Forum: Non-US Investing
Topic: UK - Best boglehead 100% global equity unit trusts
Replies: 14
Views: 757

Re: UK - Best boglehead 100% global equity unit trusts

Many thanks to you both for taking the time to update the wiki! I'm in the process of helping my UK-based mother-in-law move away from her high-cost adviser, so the updated information is helpful. It's a bit like learning to be a Boglehead all over again. :D
by Tourne
Mon Apr 29, 2019 3:20 pm
Forum: Non-US Investing
Topic: Anyone familiar with Irish/US tax law for dual Irish/American citizen couple retiring in Ireland?
Replies: 14
Views: 1549

Re: Anyone familiar with Irish/US tax law for dual Irish/American citizen couple retiring in Ireland?

My wife and I are in our mid 40's and planning to retire in approximately 15-17 years to Ireland where she is from. Both of us are dual American and Irish citizens and while it is still some time away, we are reviewing our retirement plan to figure out projected income and after researching online ...
by Tourne
Mon Apr 29, 2019 3:07 pm
Forum: Non-US Investing
Topic: Anyone familiar with Irish/US tax law for dual Irish/American citizen couple retiring in Ireland?
Replies: 14
Views: 1549

Re: Anyone familiar with Irish/US tax law for dual Irish/American citizen couple retiring in Ireland?

Because of PFIC rules US citizens must hold funds that are not US-domiciled. However EU PIRR (?)/ Mifid II rules mean that European brokers basically cannot sell you American funds or ETFs (because the key required information is not available for those funds). So you can be stuck unable to buy US ...
by Tourne
Mon Apr 29, 2019 1:55 pm
Forum: Investing - Theory, News & General
Topic: WSJ--How Schwab Ate Wall Street
Replies: 82
Views: 10599

Re: Schwab article in WSJ today

[moved this post and a reply into the existing topic - moderator prudent] I would be curious to here comments from Bogleheads that use Schwab. Do they push higher cost products on clients who are not financially savvy. As I approach retirement, I want my wife to have access to an advisor if I am un...
by Tourne
Tue Jan 01, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: Save expired passports?
Replies: 26
Views: 2324

Re: Save expired passports?

Some countries will ask for dates of previous visas. If you ever need a US security clearance (including for contract work), they will want a record of all foreign travel (how far back you have to go depends on the level of the clearance). I keep all of mine with my other records, and on rainy winte...
by Tourne
Tue Jan 01, 2019 2:24 pm
Forum: Personal Investments
Topic: Ready to break up with financial advisors (yes, plural)
Replies: 14
Views: 2095

Re: Ready to break up with financial advisors (yes, plural)

LetsBeFrank, Congrats! You’ve taken your first steps toward freeing yourself from high-cost financial advisors. Others on this board will be better placed than me to advise you on your asset allocation (I still consider myself in the toddler stage as far as Bogleheading is concerned). But as someone...
by Tourne
Sat Dec 29, 2018 5:54 pm
Forum: Non-US Investing
Topic: Minimizing currency exchange costs
Replies: 5
Views: 538

Re: Minimizing currency exchange costs

I agree with storamin. Unless you are an expat American, or plan to move to the US, or do not have good brokerage options in your home country, it doesn’t really make sense to invest through a US brokerage firm. The taxation gets complicated quickly, and should you die (hopefully not a likely scenar...
by Tourne
Wed Dec 26, 2018 1:45 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why Chasing For Yield Fails
Replies: 5
Views: 740

Re: Larry Swedroe: Why Chasing For Yield Fails

Dave, thanks for the clarification. It’s clear now. I just wanted to make sure that I wasn’t reading that incorrectly. Thanks again for linking to the article.

-Tourne
by Tourne
Wed Dec 26, 2018 1:31 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Why Chasing For Yield Fails
Replies: 5
Views: 740

Re: Larry Swedroe: Why Chasing For Yield Fails

Thanks for posting. Very interesting reading. Sorry if this is a “noob question”, but in the article Mr. Swedroe seems to refer to REITs as part of the fixed income portion of the portfolio: “ Another way to increase yield is in equity investments, such as stocks with a high dividend yield, real est...
by Tourne
Wed Dec 26, 2018 10:49 am
Forum: Investing - Theory, News & General
Topic: What have you learned this year
Replies: 90
Views: 7535

Re: What have your learned this year

Financial: 18 months after getting rid of my financial advisor and striking out on my own, I’m comfortable with my asset allocation (70/30) during the first real downturn (whew!). Personal: I should have bought myself that new set of golf clubs sooner. DW and I have been focused on increasing our sa...
by Tourne
Wed Dec 26, 2018 10:30 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Be Prepared For Losses
Replies: 150
Views: 21827

Re: Larry Swedroe: Be Prepared For Losses

Dave, thanks for bumping this thread. I’m sad I missed it the first time around in October. We started with an interesting article from Swedroe on understanding sequence of returns, then quickly moved to the volume of safe deposit boxes, then on to survivalist strategies for getting gold and diamond...
by Tourne
Tue Dec 25, 2018 9:37 am
Forum: Investing - Theory, News & General
Topic: Help Me Think About the Future: How Do You Know When Your Risk Tolerance Changes?
Replies: 37
Views: 2618

Re: Help Me Think About the Future: How Do You Know When Your Risk Tolerance Changes?

CheChe, Two events caused me to have a good hard think about my risk tolerance: 1) Getting tenure at my job 2) Deciding with my then girlfriend (now wife) that we were not going to have children In both cases, I decided I was comfortable increasing my risk level to aim for early financial independen...
by Tourne
Sun Dec 23, 2018 6:16 am
Forum: Non-US Investing
Topic: An European who invested in US ETFs using TD Ameritrade
Replies: 6
Views: 729

Re: An European who invested in US ETFs using TD Ameritrade

Schwab is still willing to open accounts for Europe-based investors, and will help you through the process (hold your hand) a bit more than Interactive Brokers. But there’s no getting around the $60k limit, above which your heirs will get whacked on tax if you pass away. Given the increasing number ...
by Tourne
Wed Oct 10, 2018 3:20 pm
Forum: Personal Investments
Topic: Emotions when switching from being long time stock picker over to a more Boglehead approach
Replies: 20
Views: 2181

Re: Emotions when switching from being long time stock picker over to a more Boglehead approach

Perhaps get your investment "fix" here. Continue learning. Help others. +1 While I was never an overly active investor (I let my high-priced advisor make the mistakes for me :oops: ), now that I am on my own, the temptation to question my asset allocation is always there. Whenever that temptation c...
by Tourne
Mon Sep 17, 2018 2:43 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 7737

Re: Is there such thing as saving TOO much?

I’m glad that you included travel on the list of things on which you’re spending your money. There are a lot of trips (out West) that you can take now while you are young and have the energy, which you might not be able to take or will have to put off when family responsibilities start to encroach....
by Tourne
Mon Sep 17, 2018 2:20 pm
Forum: Investing - Theory, News & General
Topic: Is there such thing as saving TOO much?
Replies: 78
Views: 7737

Re: Is there such thing as saving TOO much?

I’m glad that you included travel on the list of things on which you’re spending your money. There are a lot of trips (out West) that you can take now while you are young and have the energy, which you might not be able to take or will have to put off when family responsibilities start to encroach. ...
by Tourne
Mon Sep 10, 2018 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Successful techniques to helping parents be less risky?
Replies: 15
Views: 1313

Re: Successful techniques to helping parents be less risky?

Agree on the magazine articles, particularly about Buffet's advice. As self-made people themselves, maybe it will appeal to them. This is not an easy topic, but have you had the larger discussion with them about end-of-life care and disposition of assets? This might lead a bit more naturally to the ...
by Tourne
Mon Sep 10, 2018 6:14 am
Forum: Personal Investments
Topic: Transfer from Wealthfront: non-US resident
Replies: 6
Views: 830

Re: Transfer from Wealthfront: non-US resident

As part of opening your Schwab One International account, you will have to speak with a Schwab representative for a short interview. Depending on how much you are transferring (there is a $25k minimum to open an account), you can ask them to waive your trading fees for the first six months. Schwab h...
by Tourne
Sun Sep 09, 2018 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Low pay and low stress jobs with health benefit
Replies: 41
Views: 6109

Re: Low pay and low stress jobs with health benefit

My mother retired a few years ago from a 25+ year career as an assistant in an elementary school. Part of the reason she took the job in the first place was the health care benefits, since my father was self-employed. Now they have those same benefits in their retirement, and my mother marvels at ho...
by Tourne
Mon Sep 03, 2018 11:08 am
Forum: Personal Investments
Topic: Retiring early, need help with my AA
Replies: 13
Views: 1164

Re: Retiring early, need help with my AA

I think you are overlooking one key point. When you leave your employer in 6 years, your pension will be frozen in 2024 dollars, but you won't be drawing the pension until 2039 at the earliest. That means your pension will be subject to the ravages of inflation during that time period! NOTE: If you...
by Tourne
Mon Sep 03, 2018 10:35 am
Forum: Personal Investments
Topic: Should I sell 5-star/gold-rated mutual funds?
Replies: 11
Views: 1404

Re: Should I sell 5-star/gold-rated mutual funds?

Thanks very much to all of you. Thoughtful and insightful, as the discussion always seems to be on BH.
by Tourne
Sun Sep 02, 2018 10:14 am
Forum: Personal Investments
Topic: Should I sell 5-star/gold-rated mutual funds?
Replies: 11
Views: 1404

Should I sell 5-star/gold-rated mutual funds?

I became a committed Boglehead about 18 months ago (many thanks to those who have been so generous with their time and expertise on this site!). I got rid of my high-cost adviser, worked out an investment plan and an appropriate asset allocation, and have been gradually transitioning to low-cost fun...
by Tourne
Mon May 21, 2018 8:56 am
Forum: Non-US Investing
Topic: Investing in Vanguard from Overseas - Employer Address
Replies: 13
Views: 3098

Re: Investing in Vanguard from Overseas - Employer Address

I was in the same position a year ago, after dumping my high-cost advisor (thank you Bogleheads community for all of the sage advice!). After a number of years of using my sister’s address in the US, I wanted to “regularize” my investing. Since I was anxious enough about striking out on my own witho...