Search found 241 matches

by ICH
Sun Aug 02, 2020 7:20 am
Forum: United Arab Emirates
Topic: First 'indipendent" portfolio
Replies: 6
Views: 733

Re: First 'indipendent" portfolio

Why not go for VWRA only and call it a day? Add bonds as needed.
by ICH
Fri Jun 26, 2020 10:23 am
Forum: United Arab Emirates
Topic: UCITS ETF is similar to VGTSX
Replies: 10
Views: 792

Re: UCITS ETF is similar to VGTSX

Oh, I understand you are trying to simulate the global index but excluding a large chunk of it. To consider UK and France a proxy for all Europe, means you're disregarding Germany, Switzerland, Spain etc. That's an active bet IMO. If you similarly approximate Asia by using only Japan and China for e...
by ICH
Sat Jun 20, 2020 4:59 am
Forum: United Arab Emirates
Topic: UCITS ETF is similar to VGTSX
Replies: 10
Views: 792

Re: UCITS ETF is similar to VGTSX

Buy VWRD/A and be done with it. The simpler the better. This may result in unnecessary extra taxes. For example, an investor from Japan will not only be taxed twice on dividends from Japan, but will also likely not be able to claim a refund that they would otherwise be entitled to on US dividends. ...
by ICH
Fri Jun 19, 2020 10:27 am
Forum: United Arab Emirates
Topic: UCITS ETF is similar to VGTSX
Replies: 10
Views: 792

Re: UCITS ETF is similar to VGTSX

Buy VWRD/A and be done with it. The simpler the better. This may result in unnecessary extra taxes. For example, an investor from Japan will not only be taxed twice on dividends from Japan, but will also likely not be able to claim a refund that they would otherwise be entitled to on US dividends. ...
by ICH
Fri Jun 19, 2020 10:19 am
Forum: Non-US Investing
Topic: Portfolio Review Request [Bahrain]
Replies: 11
Views: 931

Re: Vanguard - Irish Domiciled

by ICH
Thu Jun 18, 2020 3:05 pm
Forum: United Arab Emirates
Topic: UCITS ETF is similar to VGTSX
Replies: 10
Views: 792

Re: UCITS ETF is similar to VGTSX

Buy VWRD/A and be done with it. The simpler the better.
by ICH
Thu Jun 18, 2020 3:03 pm
Forum: United Arab Emirates
Topic: IB Account opening [Interactive Brokers, India ex-pat in UAE]
Replies: 1
Views: 326

Re: IB Account opening [Interactive Brokers, India ex-pat in UAE]

Unless you're an exceptional case, you are a tax resident in the UAE. UAE does not issue TINs (Taxpayer Identification Numbers) to its residents.
by ICH
Sun May 24, 2020 12:51 pm
Forum: United Arab Emirates
Topic: Help with non-equity portfolio?
Replies: 3
Views: 506

Re: Help with non-equity portfolio?

What currency will you need the money in? If AED, I believe ADCB still offers 5year term deposits. If USD, a bond ETF with a duration smaller than your targets will be ok. If EUR, don't bother. Due to negative central bank rates, you're not going to find any return with no risk. Might as well keep i...
by ICH
Tue Mar 31, 2020 12:29 pm
Forum: Non-US Investing
Topic: Advice to get started. South African in UAE
Replies: 5
Views: 273

Re: Advice to get started. South African in UAE

Both portfolios are fine by the way.
Option 2 has one less etf, hence preferable. Simpler=better
by ICH
Tue Mar 31, 2020 12:24 pm
Forum: Non-US Investing
Topic: Emergency Fund for non-US investors
Replies: 7
Views: 626

Re: Emergency Fund for non-US investors

Bank accounts.
In several banks. In several countries. In several currencies (because I'm an expat).
Interest rate is the last thing I care, as it's close to zero anyway.
by ICH
Fri Mar 27, 2020 11:30 pm
Forum: United Arab Emirates
Topic: [Dubai] Mixed Household Expat living in Dubai - Advise Needed
Replies: 2
Views: 693

Re: [Dubai] Mixed Household Expat living in Dubai - Advise Needed

1. Platform IB is substantially cheaper than Saxo, particularly for >100k usd portfolios where they don'tchargeinactivity fee. You can calculate the costs if you wish. 2. Asset allocation 75% stocks - 25% bonds is ok, assuming you can handle the volatility. That's a personal selection. Whatever you ...
by ICH
Fri Mar 27, 2020 11:16 pm
Forum: United Arab Emirates
Topic: Question about Forex using IB
Replies: 1
Views: 448

Re: Question about Forex using IB

by ICH
Sun Mar 15, 2020 6:39 am
Forum: Non-US Investing
Topic: VUSD.LSE:USD [Vanguard S&P 500 UCITS, London Stock Exchange]
Replies: 3
Views: 278

Re: VUSD.LSE:USD

Is this ETF held on the London Stock Exchange? Or is it US held and then subject to US inheritance laws if over the $60k threshold? LSE - It's on the title of your post... Why are VWRA or VWRD being used by those wanting exposure to the S&P 500, of VUSD:LSE:USD ? People who want exposure to the S&P...
by ICH
Sat Mar 07, 2020 3:27 am
Forum: Non-US Investing
Topic: Investing in US ETFs from Europe [Portugal]
Replies: 9
Views: 744

Re: Investing in US ETFs from Europe [Portugal]

Degiro is certainly a cheap option.
Search also for any retirement or tax free/deferred accounts that may be available in Portugal.

Note: you need a global equity fund, such as VWRD. Why restrict yourself to the S&P500 only?
by ICH
Sat Mar 07, 2020 3:16 am
Forum: United Arab Emirates
Topic: First time investor at 24 y.o. with $1.5m, based in the UAE.
Replies: 13
Views: 5326

Re: First time investor at 24 y.o. with $1.5m, based in the UAE.

Why would you go with ishares? the fees are higher not lower than vanguard IWDA (0.2%) + EIMI (0.18)>VWRD (0.22%). Have you made adjustments to your portfolio holdings since this post? You need to do the math properly. I will give it a try: Say you go for 90%IWDA + 10%EIMI. Cost = 90%*0.2% + 10%*0....
by ICH
Sat Feb 22, 2020 12:41 am
Forum: Investing - Theory, News & General
Topic: Minimum reserves for European banks only 1%
Replies: 22
Views: 1795

Re: Minimum reserves for European banks only 1%

Also, why would I want to keep my money in the bank when they are not giving me any interest, in the case of Eurozone. What's the alternative? 1. Buy treasuries. Ok, but they are having negative yield! 2. Take on more risk (e.g. many banks push their customers towards mutual funds). Ok, but beats t...
by ICH
Fri Feb 14, 2020 11:58 am
Forum: Non-US Investing
Topic: Late Starter - First Portfolio
Replies: 10
Views: 1305

Re: Late Starter - First Portfolio

cabbagehead wrote:
Wed Feb 12, 2020 5:41 am


Equity: VHVE FTSE Developed World (62%) + VFEA FTSE Emerging Markets UCITS ETF (8%)
Why not get VWRD FTSE All World, which combines developed and emerging markets? Simpler.

For ETF listings you can have a look here: https://www.justetf.com/uk/find-etf.html?ls=any
by ICH
Thu Feb 13, 2020 10:38 pm
Forum: Non-US Investing
Topic: New Investor From Greece
Replies: 7
Views: 776

Re: New Investor From Greece

Vanguard FTSE All-World UCITS ETF (USD) Accumulating and one of the bond funds (they're the same) is enough. Having a car loan at 8% when you get 0.55% in term deposits, makes no sense. Pay it off. It will be the best investment. Assuming it is fixed rate, there will be some penalty for early settle...
by ICH
Mon Feb 10, 2020 1:56 pm
Forum: Non-US Investing
Topic: Late Starter - First Portfolio
Replies: 10
Views: 1305

Re: Late Starter - First Portfolio

1. As per wiki should be fine. Suggest to keep some of the fixed income in local currency. Do you have access to SSS, Pagibig, PERA, etc? 2. Wait for what? 3. Yes, but depends on your risk tolerance. Would you be ok is stocks dropped by 50% in the next 6 months? 4. Definitely don't keep it in a Fili...
by ICH
Sat Feb 08, 2020 1:09 pm
Forum: United Arab Emirates
Topic: How can I obtain TAX Domicile certificate in UAE
Replies: 1
Views: 639

Re: How can I obtain TAX Domicile certificate in UAE

Online: https://www.mof.gov.ae/en/mservices/Individual/VtAx/Pages/tax.aspx Very easy and fast process. Get all the required papers, scan them, include them in the application and you get the certificate in your email. To use it outside the UAE, you will need to print it, get stamp from MoFA and the ...
by ICH
Fri Dec 20, 2019 2:23 am
Forum: Personal Consumer Issues
Topic: Millionaire Teacher - Andrew Hallam
Replies: 70
Views: 10882

Re: Millionaire Teacher - Andrew Hallam

I haven't read that one, but I have read this one and enjoyed it: https://www.amazon.com/gp/aw/d/B078TR1FLP/ref=tmm_kin_title_0?ie=UTF8&qid=1576825752&sr=8-5 Every expat should read it. He has saved thousands of expats in several ways: 1. Preaching the spend below what you earn mantra 2. Debunking a...
by ICH
Thu Dec 05, 2019 10:59 am
Forum: United Arab Emirates
Topic: Non US, non Europe based broker with access to Irish ETFs ?
Replies: 12
Views: 1766

Re: Non US, non Europe based broker with access to Irish ETFs ?

Do you know a local (UAE) broker that give access to the LSE ? Sorry, I don't know any about the UAE except where it is on a map :D Given the wealth there, I'd be shocked if there aren't local brokers giving access to the London Stock Exchange, though. There are. But cost an arm and a leg. Plus the...
by ICH
Wed Oct 23, 2019 2:04 pm
Forum: Non-US Investing
Topic: [Non-US] Planning to meet a wealth management advisor for education
Replies: 16
Views: 1267

Re: [Non-US] Planning to meet a wealth management advisor for education

You can ask him if he is a fiduciary, but you already know the answer I guess... From what I see, WM industry is thriving, as usual. Who are the clients? Oh, plenty of victims around. WM throws in a yield of 15% and the sheep follow. Until they discover in a couple of years that 15% was an imaginary...
by ICH
Fri Jun 21, 2019 3:50 am
Forum: Non-US Investing
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 105
Views: 40358

Re: Non-US citizen with US Brokers: Estate Tax risk?

. I have just read a book by Andrew Hallam (Global Expatriate's Guide to Investing_ From Millionaire Teacher to Millionaire Expat) in which he says time and time again to stay away from US domiciled investments and brokers. He suggest various brokers but none such as Interactive Brokers which it ma...
by ICH
Thu Jun 20, 2019 11:39 am
Forum: Non-US Investing
Topic: Best Brokers for those in other nations
Replies: 10
Views: 1598

Re: Best Brokers for those in other nations

Strange. I opened it a year ago, specifically told them that I am resident in another non-EU country and they were OK with it. I opened it in the UK since I have a bank account there. I don't have a UK postal address, I used my real one.
Maybe it is new requirement. I don't plan on closing my account.
by ICH
Sun Jun 02, 2019 12:18 pm
Forum: Non-US Investing
Topic: International Bond UCITS for an Sg-based Investor - IUAA vs AGGU vs IGLA
Replies: 27
Views: 3110

Re: International Bond UCITS for an Sg-based Investor - IUAA vs AGGU vs IGLA

Anyone have an opinion on AGGU v IAAA? IAAA is Global AAA-AA Govt Bonds. It is USD unhedged, so you will feel the full effect of currency fluctuations. But in panic times, it is likely to increase in value as investors opt for safety. AGGU is Global Aggregate Bond. It is hedged to the USD so no iss...
by ICH
Sun Jun 02, 2019 12:05 pm
Forum: Non-US Investing
Topic: Which of these EU bond funds would you pick as temporary storage / safe haven for stocks?
Replies: 12
Views: 1037

Re: Which of these EU bond funds would you pick as temporary storage / safe haven for stocks?

For 1 month or 3 years, I would keep it in the bank. Too short duration to consider bonds. Is this your emergency fund or retirement fund? 3 years too short? I'm surprised. It's just an ETF that's easy to buy and sell. 3 years was just a random number, I may not need it again ever. Or I might need ...
by ICH
Fri May 31, 2019 1:08 pm
Forum: Non-US Investing
Topic: Which of these EU bond funds would you pick as temporary storage / safe haven for stocks?
Replies: 12
Views: 1037

Re: Which of these EU bond funds would you pick as temporary storage / safe haven for stocks?

For 1 month or 3 years, I would keep it in the bank. Too short duration to consider bonds. Is this your emergency fund or retirement fund?
by ICH
Fri May 31, 2019 1:02 pm
Forum: Non-US Investing
Topic: Difference in US Withholding Tax for Vanguard Ireland Funds vs ETFs
Replies: 4
Views: 869

Re: Difference in US Withholding Tax for Vanguard Ireland Funds vs ETFs

Very strange issue. I don't believe the MF ends up paying double withholding tax than needed. It doesn't make sense. But this is what the statements are saying. I found three USD denominated share classes of the MF, with different expense ratios: IE0002639775 -> Institutional -> 0.10% IE00BFPM9T72 -...
by ICH
Tue Apr 30, 2019 12:48 pm
Forum: Non-US Investing
Topic: Do Eurozone investors pay negative interest rates?
Replies: 8
Views: 1169

Re: Do Eurozone investors pay negative interest rates?

In Lithuania the highest rate at credit union is 2 % per year and 1 % at the bank. No negative interest. 1. How much is the deposit guarantee? 2. How likely is it that it will be honoured? In Greece you can get 1.6% in 6month term deposits, 0.5% in a savings account. However the answers to the abov...
by ICH
Thu Apr 18, 2019 10:49 am
Forum: Non-US Investing
Topic: New to investing [Greece]
Replies: 33
Views: 3596

Re: New to investing [Greece]

Sorry, I forgot to mention. I used this tool which says +165% dividends reinvested . PraefectusDelegatus: Try justetf: https://www.justetf.com/de-en/etf-profile.html?groupField=index&from=search&isin=IE00B5BMR087&query=IE00B5BMR087&tab=chart you can see the effect of different currencies and if you...
by ICH
Thu Apr 18, 2019 9:48 am
Forum: Non-US Investing
Topic: New to investing [Greece]
Replies: 33
Views: 3596

Re: New to investing [Greece]

CSPX has tripled since January 2011, while the S&P 500 has increased by less than 150%. Does that mean CSPX is not hedged against currency volatility? I assume the difference in performance is because EUR is so cheap compared to USD? Note: CSPX is accumulating; i.e. the dividends are not distribute...
by ICH
Thu Apr 18, 2019 9:45 am
Forum: Non-US Investing
Topic: New to investing [Greece]
Replies: 33
Views: 3596

Re: New to investing [Greece]

You need to grasp the concept of the different types of ETF currencies and mainly the difference between "trading currency" and the currencies of the assets that the ETF holds. There is a nice summary here: https://www.bogleheads.org/wiki/Non-US_investors_and_ETF_currencies . Basically, you choose ...
by ICH
Fri Apr 12, 2019 2:07 am
Forum: Non-US Investing
Topic: Vanguard recently added several new Irish domiciled ETFs
Replies: 5
Views: 1245

Re: Vanguard recently added several new Irish domiciled ETFs

Good news. They seem to have made accumulating versions of all their fixed income ETFs. Equity ETFs soon to follow I guess. Expenses: EUR Corporate Bond UCITS ETF -> 0.12% EUR Eurozone Government Bond UCITS ETF -> 0.12% U.K. Gilt UCITS ETF -> 0.12% USD Corporate 1-3 Year Bond UCITS ETF -> 0.15% USD ...
by ICH
Tue Apr 09, 2019 1:42 pm
Forum: Non-US Investing
Topic: New to investing [Greece]
Replies: 33
Views: 3596

Re: New to investing [Greece]

Greek here also. -While I generally agree that the Vanguard FTSE All-World UCITS ETF is the best all-round etf for your equity exposure, if you go with a Degiro custody account, which is the cheapest solution, you should prefer accumulating etfs. In this case, go with 80-90% iShares MSCI World UCIT...
by ICH
Fri Apr 05, 2019 1:04 pm
Forum: Non-US Investing
Topic: New to investing [Greece]
Replies: 33
Views: 3596

Re: New to investing [Greece]

Hello, fellow Greek here. Just started reading about investing and would need some help with all that info. Could i pm you for some help? Since we 're becoming a crowd around here, why not post in public? A p.m. will get you one opinion. A post will definitely get you more. And can help another fel...
by ICH
Tue Apr 02, 2019 5:45 am
Forum: United Arab Emirates
Topic: First time investor at 24 y.o. with $1.5m, based in the UAE.
Replies: 13
Views: 5326

Re: First time investor at 24 y.o. with $1.5m, based in the UAE.

The ishares Core Global Aggregate Bond UCITS ETF has a Net Assets of Fund = USD 1,880,903,700. This is divided today (02-April-2019) as follows: AGGG - USD unhedged distributing : USD 306,445,615 AGGU - USD hedged Accummulating : USD 1,049,468,447 AGGH - EUR hedged Accummulating : EUR 294,401,485 AG...
by ICH
Fri Mar 29, 2019 1:45 pm
Forum: Non-US Investing
Topic: Alternatives to IB?
Replies: 8
Views: 1795

Re: Alternatives to IB?

(which i think there is no treaty for with HK - that is directed towards posters discussing SIPC protection of USD 250k, which is more than 4x the estate tax exemption limit of USD 60k). One should not keep large amounts of cash in a brokerage account - irrespective which brokerage. There are plent...
by ICH
Thu Mar 28, 2019 11:16 am
Forum: Non-US Investing
Topic: Alternatives to IB?
Replies: 8
Views: 1795

Re: Alternatives to IB?

IB ensures funds up to 500k, doesn’t it? What would happen if case the portfolio is bigger? Interactive brokers is a SIPC member. The limit of SIPC protection is $500,000, which includes a $250,000 limit for cash. https://www.sipc.org/for-investors/what-sipc-protects If Interactive Brokers one day ...
by ICH
Thu Mar 28, 2019 11:01 am
Forum: Non-US Investing
Topic: Newbie question CCY [currency] RISK
Replies: 3
Views: 451

Re: Newbie question CCY RISK

If yes how do i control it? You are already controlling it by having bonds hedged to euro. That's enough, for me. To avoid unnecessary currency conversion when buying / selling the ETFs, buy them in euro (trading currency) as follows : iShares Global Aggregate Bd ETF HAcc IE00BDBRDM35 Global aggreg...
by ICH
Fri Mar 22, 2019 12:01 pm
Forum: Non-US Investing
Topic: I am an Albanian living in Austria, what are my [investing] options?
Replies: 4
Views: 556

Re: I am an Albanian living in Austria, what are my [investing] options?

Did you try to open an account with one of the low cost, online brokers? If successful, you can then invest in ETFs (Vanguard or others).
Try Interactive Brokers, Degiro, Saxo, Internaxx.
Not sure if there are more economical options in Austria.
Definitely don't use an Albanian broker.
by ICH
Wed Mar 20, 2019 11:47 am
Forum: United Arab Emirates
Topic: First time investor at 24 y.o. with $1.5m, based in the UAE.
Replies: 13
Views: 5326

Re: First time investor at 24 y.o. with $1.5m, based in the UAE.

Just to confirm: have you found the UAE bogleheads chapter? We are quite active in the UAE, for passive investors :D 1. IB is OK, if not the best. 2. Irish dom OK. US investors pay additionally capital gains taxes. In UAE you don't. 3. You are confusing the matter here. You want to keep cash as part...
by ICH
Wed Mar 20, 2019 5:58 am
Forum: Non-US Investing
Topic: Anyone use money market funds or ultra short bond funds in Europe?
Replies: 30
Views: 1746

Re: Anyone use money market funds or ultra short bond funds in Europe?

Thanks ICH, Whats your view on the exchange rate risk? Is it a serious risk for $ bonds on a short term basis? Seems pointless to suffer a negative return on Euro bonds. Whats the cash equivalent alternative? DJN Huge mistake . If you have and need Euros -> stick to euros If you have and need dolla...
by ICH
Wed Mar 20, 2019 4:14 am
Forum: Non-US Investing
Topic: Anyone use money market funds or ultra short bond funds in Europe?
Replies: 30
Views: 1746

Re: Anyone use money market funds or ultra short bond funds in Europe?

DJN, from all the ETFs you listed, non seem suitable. The only one that I found resembling EUR cash is the one I posted above: https://www.ishares.com/uk/individual/en/products/251741/ishares-euro-government-bond-01yr-ucits-etf iShares € Govt Bond 0-1yr UCITS ETF, Expense Ratio 0.20%. Expect negativ...
by ICH
Wed Mar 20, 2019 12:18 am
Forum: Non-US Investing
Topic: [Belgium] De Giro and taxes/obligations in Belgium
Replies: 2
Views: 502

Re: [Belgium] De Giro and taxes/obligations in Belgium

I've never filled in taxes, so that will be something new as well this year. Don't panic! Taxation will follow you for the rest of your life - might as well educate yourself about it. You should be able to find plenty of "how to" guides online. After getting this basic info, and if you still have q...
by ICH
Tue Mar 19, 2019 2:08 pm
Forum: Non-US Investing
Topic: Anyone use money market funds or ultra short bond funds in Europe?
Replies: 30
Views: 1746

Re: Anyone use money market funds or ultra short bond funds in Europe?

Thesaints, Up Northern Europe, where 5-year treasuries are 0 to negative, I would expect the short term treasuries to be deep negative. I could be wrong. However, this means that you are guaranteed to lose capital. In the South, where you can get some positive yields, I doubt 6-month treasuries beat...
by ICH
Tue Mar 19, 2019 12:19 pm
Forum: Non-US Investing
Topic: Anyone use money market funds or ultra short bond funds in Europe?
Replies: 30
Views: 1746

Re: Anyone use money market funds or ultra short bond funds in Europe?

Not an etf, buy those bonds directly. You can choose basically any amount and fees are very minimal. If your objective is safety of principal, that’s the way to go. Maturity, you can pick anywhere from 3 months or longer. My suggestion would be to buy new emissions, rather than on the secondary mar...
by ICH
Mon Mar 18, 2019 12:13 pm
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1450

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

I also saw that Vwrd is not a good etf to hold, as when selling it today the spread was around 1%. Buying iwda was very quick and easy with very small spread. This should get more attention on this forum. In principle, VWRD is the ultimate, one and only, stock ETF to hold: -Developed + emerging in ...
by ICH
Mon Mar 18, 2019 8:15 am
Forum: Non-US Investing
Topic: Reform of money market regulations in EU: does anyone know about it?
Replies: 1
Views: 307

Re: Reform of money market regulations in EU: does anyone know about it?

DJN wrote:
Mon Mar 18, 2019 2:48 am
... after the GFC and the EU is looking to tighten regulations ...
GFC = 2009
Now = 2019

Yup, sounds like the EU taking swift action again :shock:
by ICH
Sun Mar 17, 2019 1:35 pm
Forum: Non-US Investing
Topic: Anyone use money market funds or ultra short bond funds in Europe?
Replies: 30
Views: 1746

Re: What cash like assets do non US investors use? There is not much to choose e.g. MMF's etc.

Protection of checking/savings accounts is typically 100k Euro. Not always. Need to check and confirm on a case by case basis. Not only that the financial institution is covered by also that the product you're buying is covered. I have come across products sold as fixed term deposits but if you rea...