Hi,
I believe that 5 banks based in the UK went bust in the GFC:
Bradford & Bingley
Heritable Bank
Icesave
Kaupthing, Singer & Friedlander
London Scottish Bank
In addition of course Northern Rock, HBOS, Lloyds and Royal Bank of Scotland etc were bailed out.
In near history say since 1990, in the early 90's a bunch of smaller banks were bailed out. Including Authority Bank, Eddington Bank, Chancery Bank and BCMB for example.
BCCI went under in 1991, a wee case of fraud from memory.
Barings of course went bust in 1995
In 2009 Dunfermline Building Society went under.
Looks like the UK is no more sound than most places.
DJN
Search found 994 matches
- Wed May 31, 2023 11:16 am
- Forum: Non-US Investing
- Topic: Where to keep safe portfolio allocation in UK?
- Replies: 43
- Views: 6486
- Mon May 29, 2023 3:16 am
- Forum: Non-US Investing
- Topic: [Brazil] My portfolio: seeking advice
- Replies: 12
- Views: 1407
Re: [Brazil] My portfolio: seeking advice
HI,
I am interested to know what platform you are using, who gives access to the funds you mention and how do you report income or gains in your tax returns?
Also what fees are applicable?
If the laws and regulations have changed it would be useful to update the Wiki.
DJN
- Sun May 28, 2023 3:15 pm
- Forum: Non-US Investing
- Topic: [Brazil] My portfolio: seeking advice
- Replies: 12
- Views: 1407
Re: [Brazil] My portfolio: seeking advice
Hi,
there is a section on the Bogleheads Wiki for Brasil:
https://www.bogleheads.org/wiki/Investing_from_Brazil
DJN
there is a section on the Bogleheads Wiki for Brasil:
https://www.bogleheads.org/wiki/Investing_from_Brazil
DJN
- Fri May 26, 2023 7:30 am
- Forum: Non-US Investing
- Topic: Money Market Funds
- Replies: 75
- Views: 21635
Re: Money Market Funds
Hi,
you must be right.
DJN
you must be right.
DJN
- Fri May 26, 2023 7:01 am
- Forum: Non-US Investing
- Topic: De-dollarization [Other countries reducing reliance on US dollar]
- Replies: 38
- Views: 4981
Re: De-dollarization [Other countries reducing reliance on US dollar]
Hi,
the thing is, it is not really the dollar, it is the euro dollar that we need to worry about if anything and the US policy makers don't control that part.
DJN
the thing is, it is not really the dollar, it is the euro dollar that we need to worry about if anything and the US policy makers don't control that part.
DJN
- Fri May 26, 2023 6:58 am
- Forum: Non-US Investing
- Topic: Money Market Funds
- Replies: 75
- Views: 21635
Re: Money Market Funds
Hi,
in response to your earlier remark regarding the inappropriateness of listing European money market funds in the Wiki I see that the discussion has come around to talking about a few of the MMF's listed on that Cash Equivalent section. The fact is there are limitations to what is available outside the US and the Wiki reflects that constraint.
An easy solution might be to tell your friend to put their money in something like:
ERNE at 0.09% TER (ultra short term bonds EUR)
or
IB01 (0-1 yr treasury fund $ @ 0.07%)
or
VDST (0-1 yr treasury fund $ @ 0.07%)
all available via IBKR.
Alternatively there is a lot more choice in short term bond funds
What exactly is the risk difference between these products
DJN
in response to your earlier remark regarding the inappropriateness of listing European money market funds in the Wiki I see that the discussion has come around to talking about a few of the MMF's listed on that Cash Equivalent section. The fact is there are limitations to what is available outside the US and the Wiki reflects that constraint.
An easy solution might be to tell your friend to put their money in something like:
ERNE at 0.09% TER (ultra short term bonds EUR)
or
IB01 (0-1 yr treasury fund $ @ 0.07%)
or
VDST (0-1 yr treasury fund $ @ 0.07%)
all available via IBKR.
Alternatively there is a lot more choice in short term bond funds
What exactly is the risk difference between these products
DJN
- Wed May 24, 2023 3:09 am
- Forum: Non-US Investing
- Topic: UK estate questions: trust, will etc
- Replies: 9
- Views: 1154
Re: UK estate questions: trust, will etc
Hi,
I have some experience as an "expat" with regards to estate tax or inheritance tax in the UK.
There are a few basic questions that you need to answer to allow anyone to help:
Is the subject a UK domiciled person?
Are they resident for tax purposes in the UK?
etc etc
Best thing is to go to the source in the first instance and start reading before you start paying for advice:
https://www.gov.uk/inheritance-tax
good luck!
DJN
I have some experience as an "expat" with regards to estate tax or inheritance tax in the UK.
There are a few basic questions that you need to answer to allow anyone to help:
Is the subject a UK domiciled person?
Are they resident for tax purposes in the UK?
etc etc
Best thing is to go to the source in the first instance and start reading before you start paying for advice:
https://www.gov.uk/inheritance-tax
good luck!
DJN
- Mon May 22, 2023 4:59 am
- Forum: Non-US Investing
- Topic: [uk] Portfolio advice
- Replies: 11
- Views: 2043
Re: [uk] Portfolio advice
Hi,
how about considering the use of a robo platform?
etfmatic is one that I have used and its pretty seamless.
DJN
how about considering the use of a robo platform?
etfmatic is one that I have used and its pretty seamless.
DJN
- Fri May 19, 2023 3:53 am
- Forum: Forum Issues and Administration
- Topic: Bogleheads and ChatGPT
- Replies: 325
- Views: 44217
Re: Bogleheads and ChatGPT
I deeply wish ChatGPT would stop saying "I'm sorry," or "I apologize," when it screws up. It doesn't really mean it's sorry or apologetic because it can't feel either sentiment or emotion that was programmed into it by its creators who, I suspect, also didn't feel it and put it in to play to human emotion, to sound human, to soften the blow of more bad information. I also suspect we're stuck with it. Hi, just to double check that what you mentioned in your posts, I checked a human sentient question with ChatGPT. The answer I received was short and sharp: "As ChatGPT what gender do you consider you are? As an AI language model, I don't have a gender. I am a machine learning model developed by OpenAI, designed to ass...
- Wed May 17, 2023 6:17 am
- Forum: Non-US Investing
- Topic: [UK] How do Bogleheads feel about offshore investment bonds?
- Replies: 6
- Views: 1196
Re: [UK] How do Bogleheads feel about offshore investment bonds?
HI, According to ChatGPT OpenAI the following text provides an appraisal of the problems with offshore investment bonds: "Cons: Complexity and costs: Offshore investment bonds can be complex financial products, involving various legal, tax, and regulatory considerations. Setting up and maintaining an offshore structure may require professional advice, which can come with additional costs. Moreover, offshore investments may have higher fees and charges compared to onshore investments, reducing overall returns. Regulatory and compliance risks: Offshore jurisdictions may have different regulatory frameworks and investor protection standards compared to your home country. It's crucial to thoroughly research the reputation and stability of ...
- Sat May 13, 2023 3:40 am
- Forum: Forum Issues and Administration
- Topic: Bogleheads and ChatGPT
- Replies: 325
- Views: 44217
Re: Bogleheads and ChatGPT
Hi,
Garbage in - garbage out.
A good craftsman doesn't ever blame his tools.
Don't blame the machine
You ask a "stupid" question....
DJN
Garbage in - garbage out.
A good craftsman doesn't ever blame his tools.
Don't blame the machine
You ask a "stupid" question....
DJN
- Sat May 13, 2023 3:36 am
- Forum: Non-US Investing
- Topic: Where to keep safe portfolio allocation in UK?
- Replies: 43
- Views: 6486
- Fri May 12, 2023 12:43 pm
- Forum: Non-US Investing
- Topic: Money Market Funds
- Replies: 75
- Views: 21635
Re: Money Market Funds
https://www.bogleheads.org/wiki/Cash_equivalents_for_EU_investors Franklin Euro Short-Term Money Market Fund /ISIN LU0454936104/Accumulating/Size €105M/0.31 year average duration/OCF: 0.35% Premier UK Money Market Fund /ISIN GB000706115/Accumulating/OCF: 0.58%. HSBC Euro Liquidity Fund /ISIN IE0030819498/Accumulating/OCF: 0.13% Morgan Stanley Euro Liquidity Fund /ISIN LU0875333444/Low Volatility Net Asset Value (LVNAV)/Minimum Initial Investment: €1,000,000/TER: 0.09%. Northern Trust Euro Liquidity Fund /ISIN IE00B7Y8R850/Designed for institutional investors/OCF: 0.20% BlackRock ICS Euro Liquidity Fund /ISIN IE0005023910/Accumulating/Minimum Initial Investment €1,000,000/OCF: 0.20% Blackrock Global Funds Euro Short Duration bond fund /ISIN...
- Fri May 12, 2023 8:28 am
- Forum: Non-US Investing
- Topic: Money Market Funds
- Replies: 75
- Views: 21635
Re: Money Market Funds
https://www.bogleheads.org/wiki/Cash_equivalents_for_EU_investors Franklin Euro Short-Term Money Market Fund /ISIN LU0454936104/Accumulating/Size €105M/0.31 year average duration/OCF: 0.35% Premier UK Money Market Fund /ISIN GB000706115/Accumulating/OCF: 0.58%. HSBC Euro Liquidity Fund /ISIN IE0030819498/Accumulating/OCF: 0.13% Morgan Stanley Euro Liquidity Fund /ISIN LU0875333444/Low Volatility Net Asset Value (LVNAV)/Minimum Initial Investment: €1,000,000/TER: 0.09%. Northern Trust Euro Liquidity Fund /ISIN IE00B7Y8R850/Designed for institutional investors/OCF: 0.20% BlackRock ICS Euro Liquidity Fund /ISIN IE0005023910/Accumulating/Minimum Initial Investment €1,000,000/OCF: 0.20% Blackrock Global Funds Euro Short Duration bond fund /ISIN...
- Tue May 09, 2023 4:47 am
- Forum: Non-US Investing
- Topic: UAE resident - does EUR money market fund domicile matter?
- Replies: 2
- Views: 884
Re: UAE resident - does EUR money market fund domicile matter?
Hi, The fund will likely be subject to regulations within the country of domicile of the fund. In the case of Europe you are probably best to invest via Irish domicile to avail of US dividend exemptions there. In any case the funds charge fees, sometimes minimal other times remarkable. They are also not subject to US or other protections and maximums. One object of the fund is to stay at $1 NAV and as such there are risks to your capital. The interest earned may very well cover all the costs, but may not in certain circumstances cover capital declines when and if they occur, in other words there may not be any additional income tax payable individually. A hint on the particular fund or funds that you are considering would allow someone to l...
- Sat May 06, 2023 4:51 am
- Forum: Non-US Investing
- Topic: Broker to buy Ireland-domiciled ETFs, besides IBKR
- Replies: 6
- Views: 1579
- Wed May 03, 2023 3:31 am
- Forum: Non-US Investing
- Topic: Croatia (EU) - ETF portfolio advice
- Replies: 8
- Views: 1564
Re: Croatia (EU) - ETF portfolio advice
Hi,
there might be some ideas for your approach and your allocation in these papers on the Bogleheads Wiki for non US investors:
https://www.bogleheads.org/wiki/Boglehe ... _investors
https://www.bogleheads.org/wiki/Buildin ... _portfolio
DJN
there might be some ideas for your approach and your allocation in these papers on the Bogleheads Wiki for non US investors:
https://www.bogleheads.org/wiki/Boglehe ... _investors
https://www.bogleheads.org/wiki/Buildin ... _portfolio
DJN
- Mon Apr 17, 2023 12:34 pm
- Forum: Non-US Investing
- Topic: [Philippines][Portfolio] Simple Investment Strategy?
- Replies: 8
- Views: 1634
Re: [Philippines][Portfolio] Simple Investment Strategy?
Hi,cashewpillar wrote: ↑Sun Apr 16, 2023 4:43 amThanks for pointing me to these!DJN wrote: ↑Sat Apr 15, 2023 3:17 pm Hi,
good idea to start reading here:
https://www.bogleheads.org/wiki/Getting ... _investors
Suggested funds here:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
DJN
Edit: Idk if this is alright to ask but anyway- Do you think I'm ready to start putting money on VWRA? I just want to set it up and forget about it - make my savings work while I work on myself.
A 6% capital gains tax rate and estate tax is not a burden really.
Don't wait, start right away!
DJN
- Sat Apr 15, 2023 3:17 pm
- Forum: Non-US Investing
- Topic: [Philippines][Portfolio] Simple Investment Strategy?
- Replies: 8
- Views: 1634
Re: [Philippines][Portfolio] Simple Investment Strategy?
Hi,
good idea to start reading here:
https://www.bogleheads.org/wiki/Getting ... _investors
Suggested funds here:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
DJN
good idea to start reading here:
https://www.bogleheads.org/wiki/Getting ... _investors
Suggested funds here:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
DJN
- Fri Apr 14, 2023 6:30 am
- Forum: Non-US Investing
- Topic: Money Market Funds
- Replies: 75
- Views: 21635
Re: Money Market Funds
Hi,
the MINT example is an actively managed ETF with a hefty ER as well as relative volatility for the type of product that you are looking for.
It is also has as noted above a currency issue.
You can get a broad overview of some cash equivalent options here:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
Some say that using:
VDST
IB01
ERNE
could be a useful tactic for parking cash for a while.
A lot of money market funds in Europe are for institutional type investors with minimum investment amounts.
BTW if you have an adequate cash reserve for "emergency purposes" then why not invest the cash as per your plan?
DJN
the MINT example is an actively managed ETF with a hefty ER as well as relative volatility for the type of product that you are looking for.
It is also has as noted above a currency issue.
You can get a broad overview of some cash equivalent options here:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
Some say that using:
VDST
IB01
ERNE
could be a useful tactic for parking cash for a while.
A lot of money market funds in Europe are for institutional type investors with minimum investment amounts.
BTW if you have an adequate cash reserve for "emergency purposes" then why not invest the cash as per your plan?
DJN
- Mon Apr 10, 2023 6:39 am
- Forum: Non-US Investing
- Topic: Treasury/cash-like ETF holdings for non-US investors
- Replies: 2
- Views: 1233
Re: Treasury/cash-like ETF holdings for non-US investors
Hi,
there is a short section in Bogleheads Wiki for non US investors about cash equivalents located here:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
Some say that funds such as ERNE; VDST and IB01 can be useful in this regard.
DJN
there is a short section in Bogleheads Wiki for non US investors about cash equivalents located here:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
Some say that funds such as ERNE; VDST and IB01 can be useful in this regard.
DJN
- Mon Apr 10, 2023 6:34 am
- Forum: Non-US Investing
- Topic: Austria (EU) Vanguard etf
- Replies: 5
- Views: 1514
Re: Austria (EU) Vanguard etf
Hi,
this part of Bogleheads Wiki for non US investors contains suggested simple portfolios:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
Choose a distributing or an accumulating version to suit local tax laws.
DJN
this part of Bogleheads Wiki for non US investors contains suggested simple portfolios:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
Choose a distributing or an accumulating version to suit local tax laws.
DJN
- Mon Apr 03, 2023 3:52 am
- Forum: Non-US Investing
- Topic: What are your favourite Ireland domiciled ETFs for non-residents?
- Replies: 4
- Views: 1222
Re: What are your favourite Ireland domiciled ETFs for non-residents?
Hi,
the Wiki for non US residents is here and provides lots of lovely suggestions for simple model portfolios:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
DJN
the Wiki for non US residents is here and provides lots of lovely suggestions for simple model portfolios:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
DJN
- Wed Mar 29, 2023 6:17 am
- Forum: Personal Consumer Issues
- Topic: Do I have to get a hybrid?
- Replies: 178
- Views: 17315
Re: Do I have to get a hybrid?
Apparently the best way to preserve and prolong the life of your RAV battery is to ensure that the battery fan filter is changed at every service.
DJN
DJN
- Wed Mar 29, 2023 5:06 am
- Forum: Non-US Investing
- Topic: Fixed income portfolio allocation
- Replies: 8
- Views: 1889
Re: Fixed income portfolio allocation
HI,
have a look here:
https://www.bogleheads.org/wiki/Bond_ba ... _investors
And also here for cash equivalents:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
DJN
have a look here:
https://www.bogleheads.org/wiki/Bond_ba ... _investors
And also here for cash equivalents:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
DJN
- Tue Mar 28, 2023 8:06 am
- Forum: Non-US Investing
- Topic: Which cash-like investment to choose in IB (EU) for 6-12 months?
- Replies: 92
- Views: 18815
Re: Which cash-like investment to choose in IB (EU) for 6-12 months?
Hi,
I believe that the IBKR fellow has answered your question in the sense that .."IBKR does not withhold estate tax". Presumably the obligation is on the probate lawyer and/or the executor to make the appropriate notifications including to IBKR? Until that happens no one knows the status of the account.
Deposits made into IBKR for Europe go into Chase Manhattan bank and for sterling accounts go into Morgan Stanley in Canary Wharf. Thereafter it is not clear but I imagine they are kept in a US bank. In addition IBKR states that it "invests cash in very short-term investments maturing within a few months". Your cash?
DJN
I believe that the IBKR fellow has answered your question in the sense that .."IBKR does not withhold estate tax". Presumably the obligation is on the probate lawyer and/or the executor to make the appropriate notifications including to IBKR? Until that happens no one knows the status of the account.
Deposits made into IBKR for Europe go into Chase Manhattan bank and for sterling accounts go into Morgan Stanley in Canary Wharf. Thereafter it is not clear but I imagine they are kept in a US bank. In addition IBKR states that it "invests cash in very short-term investments maturing within a few months". Your cash?
DJN
- Tue Mar 28, 2023 7:23 am
- Forum: Non-US Investing
- Topic: Questions about MMFs, institutuonal bankrupcies and protecting cash balances - short term (6 to 12 months strategy)
- Replies: 14
- Views: 2040
Re: Questions about MMFs, institutuonal bankrupcies and protecting cash balances - short term (6 to 12 months strategy)
Hi, .. I do not know why you would trust any EU located bank with more than €100,000 in a deposit account especially at this moment in time. UK offshore banks generally do not have a very high insurance threshold, it is probably lower than the UK bank amount of £80,000. I know that the one I use gives a £20,000 level. BTW I would trust a UAE bank with my money before an EU or UK one! https://www.bogleheads.org/wiki/Cash_equivalents_for_EU_investors DJN I explained in my extremely lenghty post why i have found myself with that kind of money in a EU bank. Unfortunately the timing couldnt have been more unfortunate. Sigh. I would definitely trust an ABN Amro or LLoyds over any UAE bank, I can guarantee you. UAE banks can be notoriously proble...
- Mon Mar 27, 2023 8:36 am
- Forum: Non-US Investing
- Topic: Questions about MMFs, institutuonal bankrupcies and protecting cash balances - short term (6 to 12 months strategy)
- Replies: 14
- Views: 2040
Re: Questions about MMFs, institutuonal bankrupcies and protecting cash balances - short term (6 to 12 months strategy)
Hi, apologies but your post is too long for me. I do not know why you would trust any EU located bank with more than €100,000 in a deposit account especially at this moment in time. UK offshore banks generally do not have a very high insurance threshold, it is probably lower than the UK bank amount of £80,000. I know that the one I use gives a £20,000 level. BTW I would trust a UAE bank with my money before an EU or UK one! You don't give any expense ratios for the products that you quote. This should be a consideration. Most MMFs in the EU are aimed at institutional clients, and as you note some have high minimums. Ultra short term bond funds are an alternative, one I use is ERNE with a low expense ratio. Other short terms bond funds are: ...
- Sun Mar 26, 2023 3:19 pm
- Forum: Non-US Investing
- Topic: what to do with cash reserve and recommendation for bonds for EU investor
- Replies: 13
- Views: 2798
Re: what to do with cash reserve and recommendation for bonds for EU investor
Hi,
the section on cash equivalents provides an overview of possible approaches to the cash or cash like portion of a portfolio for a non US investor.
If you choose to use any of these suggestions you should first satisfy yourself of your reasoning for your choice. Not a cop-out but you really should get to grips with each fund suggestion.
I use ERNE, VDST and IB01 for this purpose, I have no idea what a dutch or German resident should use. The expense ratio is important and will always impact on the "return" but you should get most if not all of your money back.
DJN
the section on cash equivalents provides an overview of possible approaches to the cash or cash like portion of a portfolio for a non US investor.
If you choose to use any of these suggestions you should first satisfy yourself of your reasoning for your choice. Not a cop-out but you really should get to grips with each fund suggestion.
I use ERNE, VDST and IB01 for this purpose, I have no idea what a dutch or German resident should use. The expense ratio is important and will always impact on the "return" but you should get most if not all of your money back.
DJN
- Fri Mar 17, 2023 12:05 pm
- Forum: Non-US Investing
- Topic: what to do with cash reserve and recommendation for bonds for EU investor
- Replies: 13
- Views: 2798
Re: what to do with cash reserve and recommendation for bonds for EU investor
Hi,
read these sections of the Bogleheads Wiki for non US investors:
https://www.bogleheads.org/wiki/Outline ... _domiciles
https://www.bogleheads.org/wiki/Buildin ... _portfolio
Might be helpful.
DJN
read these sections of the Bogleheads Wiki for non US investors:
https://www.bogleheads.org/wiki/Outline ... _domiciles
https://www.bogleheads.org/wiki/Buildin ... _portfolio
Might be helpful.
DJN
- Fri Mar 17, 2023 10:37 am
- Forum: Non-US Investing
- Topic: Which cash-like investment to choose in IB (EU) for 6-12 months?
- Replies: 92
- Views: 18815
Re: Which cash-like investment to choose in IB (EU) for 6-12 months?
Hi, SIPC (Securities Investor Protection Corporation) is a federally mandated, non-profit, member-funded, United States government corporation created under the Securities Investor Protection Act of 1970 that mandates membership of most US-registered broker-dealers. You have to keep your money somewhere, and UK banks are no example of fiscal rectitude! £80,000 is the limit on each insured per bank entity. Nothing like the US. By the way the deposit insurance scheme in the EU is bank funded and not government funded. Whether the UK is in a better position than elsewhere to deal with financial crises is a moot point as related to entity choice. Debt to GDP of Czech republic is around 40%, UK debt to GDP is over 100%. I am not sure what releva...
- Fri Mar 17, 2023 10:23 am
- Forum: Non-US Investing
- Topic: How to invest monies with IB as Czech EU citizen?
- Replies: 3
- Views: 743
Re: How to invest monies with IB as Czech EU citizen?
Hi,
if you have an European account with IBKR, including UK then you should be able to access all the funds via the simple search facility.
If you are using a US account I don't have a clue.
DJN
if you have an European account with IBKR, including UK then you should be able to access all the funds via the simple search facility.
If you are using a US account I don't have a clue.
DJN
- Fri Mar 17, 2023 9:27 am
- Forum: Non-US Investing
- Topic: How to invest monies with IB as Czech EU citizen?
- Replies: 3
- Views: 743
Re: How to invest monies with IB as Czech EU citizen?
Hi,
She presumably is in the Hungarian IBKR entity? She can access all the main UCITS ETFs from there.
Look here for typical Bogleheads portfolio suggestions for non US investors:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
And here for starting information:
https://www.bogleheads.org/wiki/Getting ... _investors
As a back up she can use justetf.com to trawl through mountains of ETFs and as long as she sticks to UCITS she should be ok. https://www.justetf.com/en/
DJN
She presumably is in the Hungarian IBKR entity? She can access all the main UCITS ETFs from there.
Look here for typical Bogleheads portfolio suggestions for non US investors:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
And here for starting information:
https://www.bogleheads.org/wiki/Getting ... _investors
As a back up she can use justetf.com to trawl through mountains of ETFs and as long as she sticks to UCITS she should be ok. https://www.justetf.com/en/
DJN
- Fri Mar 17, 2023 8:56 am
- Forum: Non-US Investing
- Topic: Which cash-like investment to choose in IB (EU) for 6-12 months?
- Replies: 92
- Views: 18815
Re: Which cash-like investment to choose in IB (EU) for 6-12 months?
Hi,
thanks for those insights.
According to IBKR faq's cash deposits at IBKR have limited protection under SIPC up to $500,000 for assets and up to $250,000 for cash ($'s) as a "sublimit" according to the IBKR UK notes. (Non US dollar cash deposits are covered only if they are for the purposes of purchasing securities). There is a further insurance in place for a substantial sum ($30m) with Lloyds of London. On the surface this is superior to your local UK high street bank.
DJN
thanks for those insights.
According to IBKR faq's cash deposits at IBKR have limited protection under SIPC up to $500,000 for assets and up to $250,000 for cash ($'s) as a "sublimit" according to the IBKR UK notes. (Non US dollar cash deposits are covered only if they are for the purposes of purchasing securities). There is a further insurance in place for a substantial sum ($30m) with Lloyds of London. On the surface this is superior to your local UK high street bank.
DJN
- Fri Mar 17, 2023 6:45 am
- Forum: Non-US Investing
- Topic: Which cash-like investment to choose in IB (EU) for 6-12 months?
- Replies: 92
- Views: 18815
Re: Which cash-like investment to choose in IB (EU) for 6-12 months?
Hi,
putting MMFs to one side I use VDST, IB01 and ERNE for shorter term cash like equivalents.
DJN
putting MMFs to one side I use VDST, IB01 and ERNE for shorter term cash like equivalents.
DJN
- Fri Mar 17, 2023 5:02 am
- Forum: Non-US Investing
- Topic: Which cash-like investment to choose in IB (EU) for 6-12 months?
- Replies: 92
- Views: 18815
Re: Which cash-like investment to choose in IB (EU) for 6-12 months?
Hi,
the ongoing charge is 0.15% which is not the cheapest on top of the minimums. No difficulty for a large institution where they can achieve discounts for larger scale and in any case it isn't their money.
DJN
the ongoing charge is 0.15% which is not the cheapest on top of the minimums. No difficulty for a large institution where they can achieve discounts for larger scale and in any case it isn't their money.
DJN
- Wed Mar 15, 2023 6:48 am
- Forum: Non-US Investing
- Topic: Which cash-like investment to choose in IB (EU) for 6-12 months?
- Replies: 92
- Views: 18815
Re: Which cash-like investment to choose in IB (EU) for 6-12 months?
IBIE is a wholly-owned subsidiary that sits within the broader Interactive Brokers Group. That usually means that IB Group owns IBIE. But IBIE is in Ireland and is subject to Irish legislation. They withhold taxes according to Irish legislation. Probably Irish inheritance taxes will apply. Ireland has Gift and Inheritance Tax (Capital Acquisitions Tax – CAT) https://www.revenue.ie/en/gains-gifts-and-inheritance/gift-and-inheritance-tax-cat/index.aspx It looks to be quite harsh on inheritance (-33%, no lower bound), is there any reason why it doesn't apply to money in IBIE? Also, why it doesn't apply to ETFs in IBIE? P.S. This question is covered so carefully for IBUS, must be some explanation for EU guys' IBIE too ;) Hi, if you are not tax...
- Tue Mar 14, 2023 4:51 am
- Forum: Forum Issues and Administration
- Topic: Bogleheads and ChatGPT
- Replies: 325
- Views: 44217
Re: Bogleheads and ChatGPT
Hi,
the lack if attribution is a definite drawback of ChatGPT, perhaps they will develop a version with footnotes. However there are many different versions of AI that are out there including versions that are aimed specific tasks including textual and visual tasks. For example:
Quillbot
Lets Enhance
Talk to books
One such type is the new Google Books https://books.google.com which provides text extracts of books on subject matter and includes a reference for the extract. Some of the extracts are very extensive where you ask about a particular author in a non specific fashion, and the reference only misses out some sections of whole books. I looked for Jack Bogle and got a look at all of his books.
DJN
the lack if attribution is a definite drawback of ChatGPT, perhaps they will develop a version with footnotes. However there are many different versions of AI that are out there including versions that are aimed specific tasks including textual and visual tasks. For example:
Quillbot
Lets Enhance
Talk to books
One such type is the new Google Books https://books.google.com which provides text extracts of books on subject matter and includes a reference for the extract. Some of the extracts are very extensive where you ask about a particular author in a non specific fashion, and the reference only misses out some sections of whole books. I looked for Jack Bogle and got a look at all of his books.
DJN
- Tue Mar 07, 2023 3:10 pm
- Forum: Non-US Investing
- Topic: which bonds product
- Replies: 5
- Views: 1186
Re: which bonds product
Hi,
the Bogleheads Wiki for non US investors has plenty of information and guidance on the general approach to investing in bond funds, see here:
https://www.bogleheads.org/wiki/Bond_ba ... _investors
DJN
the Bogleheads Wiki for non US investors has plenty of information and guidance on the general approach to investing in bond funds, see here:
https://www.bogleheads.org/wiki/Bond_ba ... _investors
DJN
- Wed Feb 22, 2023 6:31 am
- Forum: Non-US Investing
- Topic: "Set-and-forget" Portfolio Review - Germany
- Replies: 10
- Views: 2346
Re: "Set-and-forget" Portfolio Review - Germany
Hi,
seems like a good allocation.
What about the missing 10%, your allocation looks like it is 90%? (62+20+8)
Preparing a personal plan would be a good idea:
https://www.bogleheads.org/wiki/Investm ... _statement
DJN
seems like a good allocation.
What about the missing 10%, your allocation looks like it is 90%? (62+20+8)
Preparing a personal plan would be a good idea:
https://www.bogleheads.org/wiki/Investm ... _statement
DJN
- Fri Feb 17, 2023 11:35 am
- Forum: Non-US Investing
- Topic: Where to find decent interest on cash in Europe?
- Replies: 18
- Views: 3134
Re: Where to find decent interest on cash in Europe?
Hi,
the following section gives overall information on cash equivalents in the EU area for non US investors:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
For individual rates you will need to research each bank or fund individually.
DJN
the following section gives overall information on cash equivalents in the EU area for non US investors:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
For individual rates you will need to research each bank or fund individually.
DJN
- Wed Feb 15, 2023 6:20 am
- Forum: Non-US Investing
- Topic: Bonds: IBTA / VAGU?
- Replies: 4
- Views: 1806
- Mon Feb 13, 2023 10:34 am
- Forum: Non-US Investing
- Topic: Good Morning everyone [Requesting help with three-fund portfolio - Germany]
- Replies: 3
- Views: 1134
Re: Good Morning everyone [Requesting help with three-fund portfolio - Germany]
Hi,
this section might help for a start:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
Read the Wiki for non US bogleheads and you should find enough to keep you engaged:
https://www.bogleheads.org/wiki/Getting ... _investors
DJN
this section might help for a start:
https://www.bogleheads.org/wiki/Buildin ... _portfolio
Read the Wiki for non US bogleheads and you should find enough to keep you engaged:
https://www.bogleheads.org/wiki/Getting ... _investors
DJN
- Mon Feb 13, 2023 3:07 am
- Forum: United Arab Emirates
- Topic: 42yr old - first time boglehead - advice appreciated
- Replies: 9
- Views: 7300
Re: 42yr old - first time boglehead - advice appreciated
Hi, I believe you mean 100% equities? Considering your fairly risk averse approach with such a large cash amount I would have imagined that a good degree of fixed income would be appropriate. Maybe 50/50 bonds to equities? Who knows how the next year or so will progress, probably some version of a soft landing or a hard landing or a recession or a crash landing or a.....off to the moon? Certainly the comprehensive yield curve inversions across multiple curves including interestingly enough an inversion of the German curve is pointing to something untoward. I have two main portfolios, the one I am really invested in (which has become complicated for tax reasons) and a shadow one which is a simple 50/50 version with a selection of global ETFs...
- Sun Feb 12, 2023 8:14 am
- Forum: United Arab Emirates
- Topic: 42yr old - first time boglehead - advice appreciated
- Replies: 9
- Views: 7300
Re: 42yr old - first time boglehead - advice appreciated
Hi, Money earned in UAE is pretty much doubled over your potential in the west. So invested money is going to perform even better in your case. If it were me I would start investing tomorrow under my own steam, you don't need an adviser or the like. Another three years of tax free-ish money is like gold dust. Sounds like you are nervous and that's fair enough at the moment, so why not dollar cost average into a few straightforward ETFs as laid out for non US bogleheads over the next three years, say @ £30,000 or more per month: https://www.bogleheads.org/wiki/Building_a_non-US_Boglehead_portfolio For UAE IBKR is probably optimal, just get started with a few months of purchases and after the first three months it won't feel like a burden and...
- Fri Feb 10, 2023 1:54 pm
- Forum: Non-US Investing
- Topic: European mutual funds vs. ETFs
- Replies: 5
- Views: 1153
Re: European mutual funds vs. ETFs
Hi,
one key difference for a lot of non ETF funds in Europe is the minimum investment amount is often quite large, in the range of €1m upwards.
For your example I believe the amount is only €1/2m. You may have to buy these funds through an intermediary and thus have to pay a fee to them?
DJN
one key difference for a lot of non ETF funds in Europe is the minimum investment amount is often quite large, in the range of €1m upwards.
For your example I believe the amount is only €1/2m. You may have to buy these funds through an intermediary and thus have to pay a fee to them?
DJN
- Sun Nov 27, 2022 5:51 am
- Forum: Non-US Investing
- Topic: New wiki page, for US persons in the UK
- Replies: 17
- Views: 2516
Re: New wiki page, for US persons in the UK
Hi,
great job!
DJN
great job!
DJN
- Tue Nov 08, 2022 4:17 am
- Forum: Non-US Investing
- Topic: Short Term Cash Stash - Ideas? (Italy)
- Replies: 22
- Views: 4087
- Sun Nov 06, 2022 4:09 am
- Forum: Non-US Investing
- Topic: [Indonesia] Starting to invest, seeking portfolio advice.
- Replies: 2
- Views: 1165
Re: [Indonesia] Starting to invest, seeking portfolio advice.
Hi,
proposal looks good.
Wise to check your tax position before making any moves.
From a cursory look at the tax regime there, you would be liable to tax on capital gains and on dividends.
You are likely to be taxed on your worldwide income.
Individual tax rates look like they range from 5% to 35% for dividends
And from 1% to 35% for capital gains.
O% gains on local company dividends.
Deloitte gives the following guidance:
https://www2.deloitte.com/content/dam/D ... s-2022.pdf
DJN
proposal looks good.
Wise to check your tax position before making any moves.
From a cursory look at the tax regime there, you would be liable to tax on capital gains and on dividends.
You are likely to be taxed on your worldwide income.
Individual tax rates look like they range from 5% to 35% for dividends
And from 1% to 35% for capital gains.
O% gains on local company dividends.
Deloitte gives the following guidance:
https://www2.deloitte.com/content/dam/D ... s-2022.pdf
DJN
- Thu Oct 27, 2022 7:23 am
- Forum: Non-US Investing
- Topic: Money Market Funds - what is an equivalent outside US?
- Replies: 2
- Views: 994
Re: Money Market Funds - what is an equivalent outside US?
Hello,
have a look at this page in the Bogleheads Wiki for non US investors:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
There are some suggestions in there that are worth considering.
DJN
have a look at this page in the Bogleheads Wiki for non US investors:
https://www.bogleheads.org/wiki/Cash_eq ... _investors
There are some suggestions in there that are worth considering.
DJN