Search found 86 matches

by silverex
Wed Oct 30, 2019 8:29 am
Forum: Personal Finance (Not Investing)
Topic: Best option for transferring +/- 100k Euro to US$ account
Replies: 11
Views: 744

Re: Best option for transferring +/- 100k Euro to US$ account

I've read somewhere that it's cheapest to change using Interactive Brokers.
by silverex
Thu Oct 24, 2019 2:31 am
Forum: Non-US Investing
Topic: Vanguard cuts fees across its European range
Replies: 16
Views: 2740

Re: Vanguard cuts fees across its European range

Schlabba wrote:
Wed Oct 23, 2019 4:14 pm
Indeed very nice. Does anyone know why their all-world costs 0.22% when you can buy they own products for less?
That is a very, very good question. It's definitely not because of scale - FTSE All-World manages $3.7b, while Emerging Markets+Developed World are $2.2b combined.
by silverex
Thu Oct 24, 2019 1:48 am
Forum: Non-US Investing
Topic: Vanguard cuts fees across its European range
Replies: 16
Views: 2740

Re: Vanguard cuts fees across its European range

I urge people to consider carefully if it is actually better to trade in USD for all Vanguard global funds (at least) assuming you can FX across to USD cheaply. The global equity funds pay dividends in USD regardless of trading currency and some brokers will take huge (semi-hidden) fees on FX'ing d...
by silverex
Wed Oct 23, 2019 2:27 pm
Forum: Non-US Investing
Topic: Vanguard cuts fees across its European range
Replies: 16
Views: 2740

Re: Vanguard cuts fees across its European range

Excellent news.

For those wanting to replace IWDA+EMIM (accumulating) with equivalent VHVE+VFEA (accumulating), there's just one glitch: VHVE is currently listed on LSE only (GBP and USD). There's no EUR listing so far.
by silverex
Thu Oct 17, 2019 8:00 am
Forum: Non-US Investing
Topic: How can a EU resident own physical gold? [through an ETF]
Replies: 6
Views: 666

Re: How can a EU resident own physical gold? [through an ETF]

Look into ZKB Gold ETF. It's issued by Zuercher Kantonalbank, and, citing factsheet, "Investors are able to sell their units at any time or request pay-ment in physical gold in standard bars at a rate of 12.5 kilo-grams per unit."
It's not EU (UCITS) ETF though.
by silverex
Mon Sep 23, 2019 6:10 am
Forum: Non-US Investing
Topic: Ishares is delisting ETFs from the London stock exchange.
Replies: 32
Views: 3832

Re: Ishares is delisting ETFs from the London stock exchange.

I don't think you need to sell anything. For example, Degiro offers "stock exchange conversion" for a fee. IB probably have something similar. In fact, the other day IB service desk were assuring me that I could buy ETF position on one exchange and sell on another - I'm not sure I believe that yet.
by silverex
Tue Sep 17, 2019 3:37 am
Forum: Non-US Investing
Topic: SWRD.. again (SPDR vs IShares MSCI World ETF)
Replies: 20
Views: 1891

Re: SWRD.. again (SPDR vs IShares MSCI World ETF)

SWRD launched in Feb and the current fund size is 275M according to Justetf.com; this should be okay for a new fund started a few months ago. Another comparison comes to mind - recently launched VWRA (the accumulating version of Vanguard's All world; July19) is a much newer fund and the fund size a...
by silverex
Fri Aug 30, 2019 6:13 am
Forum: Non-US Investing
Topic: [EU|BE] Please review my investment policy
Replies: 22
Views: 1447

Re: [EU|BE] Please review my investment policy

GlobalBogle wrote:
Fri Aug 30, 2019 3:45 am

I believe both are hedged to EUR:

Global Aggregate Bond UCITS ETF EUR Hedged Accumulating (VAGF)
Global Aggregate Bond UCITS ETF EUR Hedged Distributing (VAGE)
Ah you're right, I've missed that.
by silverex
Fri Aug 30, 2019 2:53 am
Forum: Non-US Investing
Topic: [EU|BE] Please review my investment policy
Replies: 22
Views: 1447

Re: [EU|BE] Please review my investment policy

I would add that, since your currency is EUR, you should use EUR-hedged bonds - so VAGF instead of VAGE. Also, it's not a good idea to mix FTSE with MSCI index - as their small cap definition differs. There's no completion ETF for FTSE All-World, so I'd drop the small cap part altogether. 5% allocat...
by silverex
Wed Aug 28, 2019 3:47 pm
Forum: Non-US Investing
Topic: SWRD.. again (SPDR vs IShares MSCI World ETF)
Replies: 20
Views: 1891

Re: SWRD.. again (SPDR vs IShares MSCI World ETF)

I dug a bit deeper into factual expense ratios that you can find in annual reports. There's no annual report for VWRA or SWRD yet. I took as example a distributing VWRD - for year ending 30 June 2018, tracking difference was -0.02% (fund returned 10.59% while benchmark returned 10.61%). Does that me...
by silverex
Wed Aug 28, 2019 2:49 pm
Forum: Non-US Investing
Topic: SWRD.. again (SPDR vs IShares MSCI World ETF)
Replies: 20
Views: 1891

Re: SWRD.. again

I think the 'new' one is an accumulation ETF and the 'old' one is a distributing ETF. iShares MSCI World UCITS ETF (IWRD) - ISIN: IE00B0M62Q58 - TER: 0,50% - Since 2005 - Distribution iShares Core MSCI World UCITS ETF (IWDA) - ISIN: IE00B4L5Y983 - TER: 0,20% - Since 2009 - Accumulation Because of t...
by silverex
Wed Aug 28, 2019 7:57 am
Forum: Non-US Investing
Topic: UK investor. Access to Emerging Value without currency conversion charge
Replies: 14
Views: 787

Re: UK investor. Access to Emerging Value without currency conversion charge

ETF currency (reporting currency) is irrelevant for you, see: https://www.bogleheads.org/wiki/EU_investing#Base_currency_vs._trading_currency_vs._currency_of_the_underlying_asset You buy the ETF in the currency of the exchange that you're using. If you want to buy in EUR, just use Xetra, Amsterdam o...
by silverex
Wed Aug 28, 2019 7:32 am
Forum: Non-US Investing
Topic: SWRD.. again (SPDR vs IShares MSCI World ETF)
Replies: 20
Views: 1891

Re: SWRD.. again

From the info you provided IWDA seems to be the better choice, even more so when it's possible the TER decreases over time. Do you feel that there is anything else on the topic I may be missing? Just the usual - that the historic performance does not indicate future performance. SWRD might really p...
by silverex
Wed Aug 28, 2019 7:20 am
Forum: Non-US Investing
Topic: SWRD.. again (SPDR vs IShares MSCI World ETF)
Replies: 20
Views: 1891

Re: SWRD.. again

This is where my inexperience shows, I don't know how to correctly compare the ETFs it seems. The "double size" is just the fund size info on Justetf website showing 275M for SWRD and 502 M for VWRA which launched a while ago. Regarding the second part I was just comparing the charts the moment you...
by silverex
Wed Aug 28, 2019 6:59 am
Forum: Personal Investments
Topic: How important is it to have exposure to Intl. Bonds?
Replies: 17
Views: 1390

Re: How important is it to have exposure to Intl. Bonds?

There's an interesting Vanguard paper how using global bonds affects portfolio volatility and return: https://www.vanguard.co.uk/documents/ad ... -bonds.pdf
by silverex
Wed Aug 28, 2019 6:19 am
Forum: Non-US Investing
Topic: SWRD.. again (SPDR vs IShares MSCI World ETF)
Replies: 20
Views: 1891

Re: SWRD.. again

Regarding TER: it's a figure that fund managers are trying to achieve, and not a factual amount of expenses. Just check today's results on justetf for IWDA vs. SWRD: Ticker 1W 1M 3M 6M 25/02/2019 IWDA -0.71% -4.33% 1.75% 4.65% 4.39% SWRD -1.08% -4.63% 1.55% 4.33% 4.09% There's lots of reasons for th...
by silverex
Wed Aug 28, 2019 6:12 am
Forum: Non-US Investing
Topic: SWRD.. again (SPDR vs IShares MSCI World ETF)
Replies: 20
Views: 1891

Re: SWRD.. again

VWRA hasn't doubled in a month. It's share class assets are $0.1m several days after it launched (31st July), and the next point in reporting share class assets will be on 31st August. Vanguard seems to be updating AUM info monthly only. Entire VWRA fund size is $2.8b, but that includes distributing...
by silverex
Sun Aug 25, 2019 3:15 pm
Forum: Non-US Investing
Topic: [HK] Rate my investment plan
Replies: 17
Views: 926

Re: [HK] Rate my investment plan

I think you are making a generalization here that doesn't apply to all of us. Keeping cost low is also a bogleheads principle, and SWRD + EIMI does an excellent job at that compared to VWRA. I completely agree. But the question was why Bogleheads (the community - not me personally) prefer Vanguard,...
by silverex
Sun Aug 25, 2019 2:56 pm
Forum: Non-US Investing
Topic: [HK] Rate my investment plan
Replies: 17
Views: 926

Re: [HK] Rate my investment plan

Why do you state: Bogleheads prefer Vanguard The ishares funds seem at least equivalent. Yes they are equivalent. However... have you read Bogleheads wiki? Not to mention forum. Vanguard is mentioned many, many times more often than probably all the other managers combined. There even are articles ...
by silverex
Sun Aug 25, 2019 2:32 pm
Forum: Non-US Investing
Topic: [One Year Later] Core portfolio for retirement in Europe - Living in Singapore
Replies: 8
Views: 946

Re: [One Year Later] Core portfolio for retirement in Europe - Living in Singapore

Thanks BeBH65, I actually buy them through Frankfurt indeed (IBIS2 exchange on Interactive Brokers platform) but thought that the underlying exposure will still be at LSE as that is the exchange were the head/parent fund is quoted? Having said that - I agree with you that it is very unlikely that e...
by silverex
Sun Aug 25, 2019 2:17 pm
Forum: Non-US Investing
Topic: [HK] Rate my investment plan
Replies: 17
Views: 926

Re: [HK] Rate my investment plan

Bogleheads prefer Vanguard, so you could choose VWRA and VAGU instead. But your current portfolio is fine too. Why? The ishares funds seem at least equivalent. Which “Why”? Why Bogleheads prefer Vanguard, or why topic author could choose Vanguard ETFs, or why author’s current portfolio is fine?
by silverex
Sun Aug 25, 2019 2:11 pm
Forum: Non-US Investing
Topic: My Portfolio / Retirement Plan - Please Review & Comment
Replies: 18
Views: 2036

Re: My Portfolio / Retirement Plan - Please Review & Comment

Vanguard also has AGGU equivalent - VAGU. Youseem to be choosing between various hedged and unhedged bond funds. You should most likely choose hedged bond ETF version. According to Vanguard research into historic data, unhedged bond funds increase portfolio volatility without respective increase in ...
by silverex
Sun Aug 25, 2019 1:40 pm
Forum: Non-US Investing
Topic: [HK] Rate my investment plan
Replies: 17
Views: 926

Re: [HK] Rate my investment plan

Bogleheads prefer Vanguard, so you could choose VWRA and VAGU instead. But your current portfolio is fine too.
by silverex
Thu Aug 22, 2019 2:19 am
Forum: Non-US Investing
Topic: VWRD or SWRD for VT Ireland based equivalent? Accumulating or distributing?
Replies: 13
Views: 1131

Re: VWRD or SWRD for VT Ireland based equivalent? Accumulating or distributing?

Vanguard seems to have completed their offering on the Accumulating All-world UCITS ETF with Euro en GBP version. Naam Ticker Valuta Vanguard FTSE All-World ETF USD Acc LSE:VWRA USD Vanguard FTSE All-World ETF USD Acc EUR XTER:VWCE EUR Vanguard FTSE All-World ETF USD Acc EUR FRA:VWCE EUR Vanguard F...
by silverex
Fri Aug 16, 2019 2:58 pm
Forum: Non-US Investing
Topic: VWRA Volume Very Low
Replies: 10
Views: 871

Re: VWRA Volume Very Low

Many brokers need more time to get new listings on their platforms. For example, this one only appeared yesterday on Degiro (and only the Frankfurt listing). Investors also need time to stumble upon new ETFs - it’s not like you review your ETF choices every few weeks. We’ll be seeing more of this in...
by silverex
Wed Aug 14, 2019 11:17 am
Forum: Non-US Investing
Topic: Can someone explain to me "currency risk" in case of EU investor? Does it apply to VWRA?
Replies: 29
Views: 1495

Re: Can someone explain to me "currency risk" in case of EU investor? Does it apply to VWRA?

Please tell me more about how their European entity is profit making? I am only sticking with VWRD and the 0.25% expense ration because i have thought all along their structure is just like Vanguard US whereby the investors own the company. I've got this statement from Vanguard UK: Vanguards Europe...
by silverex
Wed Aug 14, 2019 2:21 am
Forum: Non-US Investing
Topic: Comparing VWRA with IWDA+EMIM combination
Replies: 22
Views: 2762

Re: Comparing VWRA with IWDA+EMIM combination

VWRA is really new, but the distributing version already exists since 2012. Both have an ER of 0,25%. Fund started in 30/04/2012 Based on Morningstar, looking at the asset split between developped markets and emerging markets it looks like a combination of 87% IWDA and 13% EMIM would be very simila...
by silverex
Tue Aug 13, 2019 8:58 am
Forum: Non-US Investing
Topic: Can someone explain to me "currency risk" in case of EU investor? Does it apply to VWRA?
Replies: 29
Views: 1495

Re: Can someone explain to me "currency risk" in case of EU investor? Does it apply to VWRA?

Please tell me more about how their European entity is profit making? I am only sticking with VWRD and the 0.25% expense ration because i have thought all along their structure is just like Vanguard US whereby the investors own the company. I don't have any details - except some mentions on forums....
by silverex
Tue Aug 13, 2019 4:23 am
Forum: Non-US Investing
Topic: VWRA and call it a day or VWRA+ small caps and EM?
Replies: 10
Views: 1332

Re: VWRA and call it a day or VWRA+ small caps and EM?

There are no complementing ETFs for VWRA currently, so just go with VWRA. And you shouldn't mix VWRA (FTSE index) with MSCI World Small Cap and MSCI World Emerging Markets ETFs, as VWRA already includes MSCI emerging markets (more or less), and part of MSCI small caps too. More details here: https:/...
by silverex
Tue Aug 13, 2019 4:18 am
Forum: Non-US Investing
Topic: 80% VWRA / 20% bond index - which bond index to choose?
Replies: 40
Views: 2561

Re: 80% VWRA / 20% bond index - which bond index to choose?

These are all excellent answers. Now that Vanguard has started of offer more accumulating ETFs, it's possible to build Boglehead portfolios using Vanguard funds in Lithuania as well. By the way, this is the Vanguard paper on bonds and hedging for euro area investors: https://www.vanguardfrance.fr/do...
by silverex
Tue Aug 13, 2019 3:50 am
Forum: Non-US Investing
Topic: Can someone explain to me "currency risk" in case of EU investor? Does it apply to VWRA?
Replies: 29
Views: 1495

Re: Can someone explain to me "currency risk" in case of EU investor? Does it apply to VWRA?

EU investor, Lithuania. Planning to in accumulating VWRA fund for equity portion of my portfolio. It is Ireland based. What could be potential issues long term with currency risk? Can someone explain it in really simple terms, because so far I have not understood the "currency risk" for non-US inve...
by silverex
Mon Aug 12, 2019 8:17 am
Forum: Non-US Investing
Topic: [Wiki] New introductory page for Non-US investors - seeking feedback and contributions
Replies: 24
Views: 2147

Re: [Wiki] New introductory page for Non-US investors - seeking feedback and contributions

I think you will make mistake! LCUW is simply not good ETF to invest and you can get people to make the wrong choice. SWRD also does not lend security! There si Xtracker Msci World ETF, XDWD with TER 0.19 I have write to Lyxor and ask them why their ETFs that tracks USA and World stocks have not ba...
by silverex
Mon Aug 12, 2019 8:11 am
Forum: Non-US Investing
Topic: [Wiki] New introductory page for Non-US investors - seeking feedback and contributions
Replies: 24
Views: 2147

Re: [Wiki] New introductory page for Non-US investors - seeking feedback and contributions

Silverex said: "I would add a Lyxor's LCUW as a global stock fund option. As well as being one of the cheapest (though not domiciled in Ireland, I know), it does not lend out securities - a real rarity among ETFs. I think there are no equivalent US-domiciled ETFs that don't use lending. It could be...
by silverex
Wed Aug 07, 2019 5:27 am
Forum: Non-US Investing
Topic: So what's the consensus on bond ETFs for EU investor?
Replies: 22
Views: 1743

Re: So what's the consensus on bond ETFs for EU investor?

The ER does include the cost of managing the fund and it's assets. It does not include the actual cost of the assets used for hedging, nor the transaction-cost to axquire them. I read through iShares Global Aggregate Bond ETF yearly report, and I wasn't able to find any costs associated to hedging ...
by silverex
Mon Aug 05, 2019 9:17 am
Forum: Non-US Investing
Topic: Slovenia investing questions
Replies: 14
Views: 1055

Re: Slovenia investing questions

Also, don't assume you can easily open trading account in another EU country, like UK. Financial services are an exception in the free-flow of goods and services EU agreement. Usually, you won't be able an account in another country, unless you are resident there, or the company specifically chooses...
by silverex
Mon Aug 05, 2019 9:10 am
Forum: Non-US Investing
Topic: So what's the consensus on bond ETFs for EU investor?
Replies: 22
Views: 1743

Re: So what's the consensus on bond ETFs for EU investor?

Hedging used to be expensive, but now it's not. For iShares and Vanguard UCITS ETFs, you can get Global Aggregate Bond Index for 0.10% TER including currency hedge, that's basically no additional price for the hedging, in comparison with unhedged versions.
by silverex
Mon Aug 05, 2019 8:45 am
Forum: Non-US Investing
Topic: Interactive Brokers - European
Replies: 5
Views: 439

Re: Interactive Brokers - European

Hey guys, I am starting to get a headache with the whole estate tax, foreign issues and relevant fears. Can anyone surely answer whether IB is a good choice for a European investor? Lets say there is a: - European person - Taxed in a European country - Has an IB account. (interactivebrockers.co.uk ...
by silverex
Mon Aug 05, 2019 8:41 am
Forum: Non-US Investing
Topic: Index Fund Investment from a Person in a Small European Country (Bulgaria)
Replies: 15
Views: 2432

Re: Index Fund Investment from a Person in a Small European Country (Bulgaria)

@silverex Many thanks for this informative post! Do you know if the free-tier bunq account is still an option? Because the lowest plan I could see is EUR 7.99. Meanwhile I came across N26 which I believe is effectively the same thing reading their website? Not sure if anyone has used their services...
by silverex
Mon Aug 05, 2019 8:35 am
Forum: Non-US Investing
Topic: [Wiki] New introductory page for Non-US investors - seeking feedback and contributions
Replies: 24
Views: 2147

Re: [Wiki] New introductory page for Non-US investors - seeking feedback and contributions

Welcome DJN! I would also add the below ETFs in the list of available one for NRA: Accumulating ETF: - Xtrackers MSCI World UCITS ETF 1C (USD): https://www.justetf.com/servlet/download?isin=IE00BJ0KDQ92&documentType=MR&country=UK&lang=en - iShares MSCI World EUR Hedged UCITS ETF (EUR Hedged): https...
by silverex
Wed Jul 24, 2019 8:34 am
Forum: Non-US Investing
Topic: [Wiki] New introductory page for Non-US investors - seeking feedback and contributions
Replies: 24
Views: 2147

Re: [Wiki] New introductory page for Non-US investors - seeking feedback and contributions

I think it's a good idea to have such an overview page. I do however think sentences like "Why change something which has worked in the past and is elegantly simple to construct and maintain? " shouldn't be on such a page. I would add a Lyxor's LCUW as a global stock fund option. As well as being on...
by silverex
Thu Aug 09, 2018 3:49 am
Forum: Non-US Investing
Topic: Portfolio for retirement [Portugal]
Replies: 14
Views: 1271

Re: Portfolio for retirement [Portugal]

By the way, iShares Core MSCI World UCITS ETF is commission free on Degiro, if you buy it at a specific exchange.
by silverex
Sat Jul 07, 2018 1:55 pm
Forum: Non-US Investing
Topic: Looking for portfolio advice [Hungary]
Replies: 12
Views: 1168

Re: Looking for portfolio advice [Hungary]

For CDs, you can check out some deposit marketplaces like Raisin to get good offers from other European countries. Beware that you might need to explicitly declare such deposits to your country's taxman.
by silverex
Sun Jun 24, 2018 5:43 am
Forum: Non-US Investing
Topic: Brokerage - bank-brokers or brokers? [Bulgaria]
Replies: 19
Views: 1559

Re: Brokerage - bank-brokers or brokers? [Bulgaria]

You can look into resellers of IB, there are quite a few of them in Europe. For example, Lynx. I think most of resellers don't charge inactivity fees.
by silverex
Wed Jun 20, 2018 2:26 pm
Forum: Non-US Investing
Topic: Looking for EUR holy grail bond strategy
Replies: 76
Views: 6795

Re: Looking for EUR holy grail bond strategy

NickG wrote:
Wed Jun 20, 2018 7:04 am
I am located in Bulgaria and Degiro don't seem to work with bulgarian citizens. I read that there is a workaround, but I don't feel comfortable with it.
A small correction: it works with Bulgarian citizens, but not with Bulgarian bank accounts (IBAN starting with BG).
by silverex
Wed Jun 20, 2018 3:20 am
Forum: Non-US Investing
Topic: Looking for EUR holy grail bond strategy
Replies: 76
Views: 6795

Re: Looking for EUR holy grail bond strategy

Hopefully, it will soon be possible to buy it there through Interactive Brokers. I cannot open an account at DEGIRO. :( Why can't you open Degiro account? I have also contacted Lynx broker (reseller of Interactive Brokers) asking why AGGH is not available for purchase on Xetra a couple months ago, ...
by silverex
Mon Jun 18, 2018 4:39 am
Forum: Non-US Investing
Topic: First timer looking for help [Estonia]
Replies: 11
Views: 1612

Re: First timer looking for help [Estonia]

4) I'm a newbie when it comes to trading platforms, and I have no idea about how high should the fees be. I could definitely open some account like N26 and use an online broker. Could you please advise me about what's the optimal fees range I should look for? You shouldn't pay any platform (yearly)...
by silverex
Fri Jun 15, 2018 8:12 am
Forum: Non-US Investing
Topic: Index Fund Investment from a Person in a Small European Country (Bulgaria)
Replies: 15
Views: 2432

Re: Index Fund Investment from a Person in a Small European Country (Bulgaria)

Considering your requirements, the following could be the cheapest way. I assume Bulgarian lev is your income and expense currency, and lev is pegged to euro, so it will be a general recommendation for euro investor. 1) Open Degiro.ie account, as there is no Degiro for Bulgaria. Don't worry about "....
by silverex
Fri Jun 15, 2018 7:38 am
Forum: Non-US Investing
Topic: First timer looking for help [Estonia]
Replies: 11
Views: 1612

Re: First timer looking for help [Estonia]

Couple points more: 1) As an EU resident, you can use other EU countries brokers via passporting rights. For example, LHV is a reseller of Interactive Brokers and/or Saxo Bank platforms, but you can use Interactive Brokers themselves, or another reseller, say Lynx. You can also use cheap broker like...
by silverex
Tue May 29, 2018 3:37 am
Forum: Non-US Investing
Topic: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?
Replies: 92
Views: 6734

Re: German Bonds: a virtually riskless bet for an Italian investor, with no downside and a big upside possible?

For CDs, you can check a European deposit marketplace such as Raisin - you can put your deposit to any of them. Beware that you might have to declare it to your tax agency manually.
by silverex
Sun May 27, 2018 4:22 am
Forum: Spain
Topic: [EU] Considering investing in 10Y Spanish bonds: Change my mind
Replies: 8
Views: 1364

Re: [EU] Considering investing in 10Y Spanish bonds: Change my mind

Version of this Vanguard paper specifically for euro area investors is here: https://www.vanguardfrance.fr/documents ... -tlisg.pdf