Search found 65 matches

by assyadh
Sat Sep 14, 2019 9:36 am
Forum: Personal Investments
Topic: US Retiree considering 5 year move abroad: how to organize US finances for the trip?
Replies: 4
Views: 983

Re: US Retiree considering 5 year move abroad: how to organize US finances for the trip?

You need to tell us the country where you plan on living.

Why?

Because it changes everything. Some tax treaties tax US pensions at source, and some tax US pensions in the country of residence.

If this is the case then you'll need to draw more money and apply a tax credit.
by assyadh
Tue Sep 03, 2019 4:44 pm
Forum: Non-US Investing
Topic: The cost of hedging for aggregate bond investors
Replies: 13
Views: 898

Re: The cost of hedging for aggregate bond investors

You sure it isn't 3% of the yield, rather than 3% absolute less yield? Big difference. It is whatever yield you get (YTM) minus about 3%. If you find the exact number I will be impressed. But the fact that I have to pay so much to hedge my portfolio when the bonds prices are so high and the yields ...
by assyadh
Tue Aug 20, 2019 3:54 am
Forum: Non-US Investing
Topic: Broker similar to IBKR
Replies: 15
Views: 795

Re: Broker similar to IBKR

Can you open/manage an account with SC Singapore as a non resident? I am not sure but it should be possible. I had my account opened as a resident, so I just kept it later and they never closed it despite I am no longer a resident since few years already. I didn't also keep any substantial cash the...
by assyadh
Mon Aug 19, 2019 3:13 pm
Forum: Non-US Investing
Topic: Broker similar to IBKR
Replies: 15
Views: 795

Re: Broker similar to IBKR

The big plus point of SC is zero custody fees despite having access to global markets (like LSE). 0.2% isn't too bad for a trade... IBKR is 0.1% on the LSE. Saxo (my backup broker) is simply worse on both counts. Saxo is also horrible on the FX... so I'd say if you can handle the FX properly with S...
by assyadh
Mon Aug 12, 2019 6:33 pm
Forum: Non-US Investing
Topic: Why as a EU person should I invest in EU stocks or international stocks?
Replies: 14
Views: 1172

Re: Why as a EU person should I invest in EU stocks or international stocks?

Unfortunately I was in the same situation of having a US broker, TDAmeritrade, that did not offer anything but US situs ETFs and stocks, basically only those approved for purchase by US tax residents. Switched to Interactive Brokers and much happier now. There are others who may be suitable for you...
by assyadh
Mon Aug 05, 2019 2:00 pm
Forum: Non-US Investing
Topic: S&P500 ETF Domiciled in Ireland
Replies: 3
Views: 327

Re: S&P500 ETF Domiciled in Ireland

The ETFs listed in Europe trading hours are different than the US trading hours.

They will go down tomorrow.
by assyadh
Sun Aug 04, 2019 9:38 pm
Forum: Non-US Investing
Topic: Joint or separate IB accounts for NRA couple?
Replies: 7
Views: 806

Re: Joint or separate IB accounts for NRA couple?

Why would the irs form apply if OP os holding LSE listed ETFs?
by assyadh
Tue Jun 25, 2019 1:52 pm
Forum: Investing - Theory, News & General
Topic: Excluding International All Together?
Replies: 82
Views: 9538

Re: Excluding International All Together?

I only hold VT (56% US, 44% US but fluctuates) because I don't know who's going to outperform who. Anything else than this is a bet. Period. Maybe people here think the US is exceptional? Guess what, the world is full of very smart people. The world is full of companies leader in their scope. Tence...
by assyadh
Tue Jun 25, 2019 1:18 pm
Forum: Investing - Theory, News & General
Topic: Excluding International All Together?
Replies: 82
Views: 9538

Re: Excluding International All Together?

I only hold VT (56% US, 44% US but fluctuates) because I don't know who's going to outperform who. Anything else than this is a bet. Period. Maybe people here think the US is exceptional? Guess what, the world is full of very smart people. The world is full of companies leader in their scope. Tencen...
by assyadh
Tue Jun 04, 2019 2:02 pm
Forum: Investing - Theory, News & General
Topic: Fidelity expands commission-free ETF list to >500
Replies: 55
Views: 4806

Re: Fidelity expands commission-free ETF list to >500

This is the way mutual fund offerings progressed at various brokerage. First, there were a few no-transaction-fee funds. Then there were more. Then there were thousands of them. But who cares? There are only about 10 funds or less that one would want to buy and that goes for ETFs, too. I don't care...
by assyadh
Fri May 24, 2019 10:03 pm
Forum: Personal Investments
Topic: Do I need retirement accounts if my deductions are already high?
Replies: 11
Views: 1181

Re: Do I need retirement accounts if my deductions are already high?

If you don't have any earned income not sheltered by the FEIE then you cannot contribute to an IRA.

Consider the foreign tax credit (if you would still get a 0$ bill), it would allow you to contribute
by assyadh
Wed May 01, 2019 9:08 pm
Forum: Personal Investments
Topic: VTI vs. VTSAX in taxable account
Replies: 11
Views: 1157

Re: VTI vs. VTSAX in taxable account

Yes you can. That's why I only have etfs in taxable
by assyadh
Wed Apr 17, 2019 8:47 pm
Forum: Non-US Investing
Topic: Please help me pick an ETF/portfiolo (Belgium).
Replies: 11
Views: 1698

Re: Please help me pick an ETF/portfiolo (Belgium).

imperia wrote:
Mon Jan 15, 2018 11:47 am
ishares MSCI World ETF IWDA, and ishared MSCI Emerging Market ETF EIMI
Many people have
90% IWDA
10% EIMI
This is the best advice.
by assyadh
Wed Apr 17, 2019 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 114
Views: 13709

Re: Job Offer Evaluation - FANG

IngognitoUSA wrote:
Tue Apr 16, 2019 9:20 pm
Take it to Blind.
This.
by assyadh
Wed Apr 17, 2019 1:15 pm
Forum: Investing - Theory, News & General
Topic: U.S. Bank/Bancorp 100 free trades per year
Replies: 19
Views: 915

Re: U.S. Bank/Bancorp 100 free trades per year

Annual account fee $40 per account

Annual IRA fee $40 per account

Account transfers and IRA closeout fee $75 per account

Enough said. :shock:
by assyadh
Mon Apr 15, 2019 4:33 pm
Forum: Personal Investments
Topic: Foreign tax credit while US expat
Replies: 9
Views: 612

Re: Foreign tax credit while US expat

You typically end up paying the higher of the two tax rates when your income is subject to tax in two countries. A foreign tax credit is intended to prevent double taxation, not help you pay only the tax rate that you would have in your home country. If you owed 30% on your dividend in your country...
by assyadh
Mon Apr 15, 2019 12:42 pm
Forum: Personal Investments
Topic: Foreign tax credit while US expat
Replies: 9
Views: 612

Re: Foreign tax credit while US expat

You typically end up paying the higher of the two tax rates when your income is subject to tax in two countries. A foreign tax credit is intended to prevent double taxation, not help you pay only the tax rate that you would have in your home country. If you owed 30% on your dividend in your country...
by assyadh
Mon Apr 15, 2019 1:13 am
Forum: Personal Investments
Topic: Foreign tax credit while US expat
Replies: 9
Views: 612

Re: Foreign tax credit while US expat

It does, but it's unclear to me how the process would work.

The impact should be low as we are talking 0% vs 30% in my country of residence.
by assyadh
Sun Apr 14, 2019 7:21 pm
Forum: Personal Investments
Topic: Foreign tax credit while US expat
Replies: 9
Views: 612

Foreign tax credit while US expat

Hi everyone, Quick tax question here. Let's say I live overseas as a US Citizen, and I receive dividends from a US based brokerage account (VTI etc). My country of residence would impose a dividend taxation of 30%. Can this be used as a foreign tax credit? (I would not have foreign earned income, so...
by assyadh
Sun Apr 14, 2019 10:25 am
Forum: Non-US Investing
Topic: researching citizenship ?'s for Canadian spouse in US
Replies: 6
Views: 760

Re: researching citizenship ?'s for Canadian spouse in US

mnr3, You: As a US citizen, you need to pay tax on your worldwide income regardless of where you actually live. If you take up another country’s citizenship, will you give up your US citizenship or not? If you continue having US citizenship, you will need to pay US tax as a resident on worldwide in...
by assyadh
Fri Apr 12, 2019 8:28 am
Forum: Non-US Investing
Topic: Vanguard recently added several new Irish domiciled ETFs
Replies: 5
Views: 944

Re: Vanguard recently added several new Irish domiciled ETFs

Maple wrote:
Thu Apr 11, 2019 11:34 pm
What I am waiting for now are EU-domiciled target-maturity ETFs..
+1
by assyadh
Wed Apr 10, 2019 6:47 am
Forum: Non-US Investing
Topic: [Non US Investor] 401k distributions scenarios with various tax treaties.
Replies: 3
Views: 393

Re: [Non US Investor] 401k distributions scenarios with various tax treaties.

Hi TedSwippet, Sure, I'll digg deeper. One could say the 10% penalty is not a tax, but still it is levied by the IRS who is a tax agent. Any ideas about my second question? Bonus question: When getting distributions while living in a country not covered by a tax treaty, is the whole distribution con...
by assyadh
Mon Apr 08, 2019 11:12 am
Forum: Non-US Investing
Topic: [Non US Investor] 401k distributions scenarios with various tax treaties.
Replies: 3
Views: 393

[Non US Investor] 401k distributions scenarios with various tax treaties.

Hi everyone, I have been reading on several tax treaties recently that tax US sourced pensions on your country of residence (Belgium, Luxembourg, Thailand..) and therefore are not subject to a withholding by the broker (with a proper W8-BEN filed). I was wondering, because the distributions are supp...
by assyadh
Tue Mar 19, 2019 5:29 pm
Forum: Investing - Theory, News & General
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 210
Views: 11899

Re: What is your U.S./ex-U.S. stock allocation?

Whatever VTWAX's is. +1, except I do it with VTI/VXUS for tlh reasons So with each contribution, you buy at then current market cap? How do you purchase fractional shares? :wink: For personal reasons, I don't invest in tax advantaged accounts, so tax loss harvesting is kind of useful for me. I purc...
by assyadh
Tue Mar 19, 2019 4:41 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Re: Chase YouInvest cost basis method

Chase received my cost basis info, and it's correctly updated on the positions page. Each lot has the correct quantity and cost. Some have AC next to them (covered shares), and some are just A (non-covered shares). However, when the ETF is collapsed, the whole thing marked as A. I'm not planning on...
by assyadh
Mon Mar 18, 2019 10:55 pm
Forum: Investing - Theory, News & General
Topic: What is your U.S./ex-U.S. stock allocation?
Replies: 210
Views: 11899

Re: What is your U.S./ex-U.S. stock allocation?

Vulcan wrote:
Mon Mar 18, 2019 6:57 pm
Whatever VTWAX's is.
+1, except I do it with VTI/VXUS for tlh reasons
by assyadh
Sun Mar 17, 2019 3:02 pm
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 172
Views: 25190

Re: You Invest by JP Morgan Chase

I was just charged $25 for Sapphire Checking, which surprised me as I had around $100K in You invest every day except day 1 of the statement cycle (that's when my ETFs transferred in), which easily averaged out to more than $75K. Called and the rep said I was charged the fee because my average dail...
by assyadh
Fri Mar 15, 2019 8:20 pm
Forum: Personal Investments
Topic: You Invest by JP Morgan Chase
Replies: 172
Views: 25190

Re: You Invest by JP Morgan Chase

SlowMovingInvestor wrote:
Fri Mar 15, 2019 7:31 pm
Has anyone sucessfully obtained the 60K UR bonus for opening a Sapphire banking account and transferring $$ there ?
You need to keep to money for 90 days and then wait up to 45 days to see the points posted.

In my case the money has been sitting there for 30 days so still 60 days to go
by assyadh
Wed Mar 13, 2019 6:08 pm
Forum: Non-US Investing
Topic: New listed ETF [SWRD - SPDR MSCI World UCITS]
Replies: 34
Views: 4417

Re: New listed ETF

Make sure you look at the rates paid by Luxembourgish/Irish investment funds on dividends distributed by us companies. If I remember correctly individuals in Ireland and Luxemburg pay 15%. Irish funds also, but Lux funds pay the standard 30%. You are right, I just found an explanation from KPMG. 30...
by assyadh
Wed Mar 13, 2019 5:06 pm
Forum: Non-US Investing
Topic: New listed ETF [SWRD - SPDR MSCI World UCITS]
Replies: 34
Views: 4417

Re: New listed ETF

I don't know for sure if there is any difference at all. The tax treaties rates are similar between Ireland and Luxembourg, (15/5%)

See https://www.irs.gov/pub/irs-utl/Tax_Tre ... 19_Feb.pdf

Also, the Amundi ones are distributing dividends, so for most investors it's a problem.
by assyadh
Sun Mar 10, 2019 10:52 pm
Forum: Non-US Investing
Topic: New listed ETF [SWRD - SPDR MSCI World UCITS]
Replies: 34
Views: 4417

Re: New cheap Msci World ucits etf

Lyxor has a similar one, with a 0.12% ER and no lending of the shares
by assyadh
Fri Mar 01, 2019 7:26 pm
Forum: Non-US Investing
Topic: Canadian moving from US to Japan
Replies: 17
Views: 1679

Re: Canadian moving from US to Japan

It's really a good thing you didn't have a green card.

Congrats on your move, Interactive brokers seems a good choice.
by assyadh
Wed Feb 27, 2019 10:33 pm
Forum: Non-US Investing
Topic: US dual citizen opening overseas account with non US passport?
Replies: 3
Views: 605

Re: US dual citizen opening overseas account with non US passport?

This is a good recipe to get slapped by every IRS penalty existing. Pfic, and multiple 10k Fbar penalties.

Please do it and come back to tell us how it goes.

I would not mind doing this if I were an 'Accidental American' and never entered the US tax system. But otherwise...
by assyadh
Mon Feb 25, 2019 6:05 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Re: Chase YouInvest cost basis method

The IXUS Cost basis was provided PRIOR to the cost basis being transferred from Vanguard by using the UI option indeed Nevermind, I wasn't able to move the other ones (VTI/ITOT/VXUS) from AC to C once the cost basis was transferred: We have received your e-mail regarding cost basis information. Afte...
by assyadh
Sat Feb 23, 2019 8:34 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Re: Chase YouInvest cost basis method

Basically it looks like whatever is bought at Chase Youinvest can get the specid cost basis by selecting the lots. Whatever gets transferred to Chase Youinvest gets transferred at Average cost basis. Overriding the cost basis lets you switch to specId

I will make a test trade soon to confirm this.
by assyadh
Fri Feb 22, 2019 4:32 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Re: Chase YouInvest cost basis method

So it looks like if you provide the cost basis yourself they switch from 'AC' to 'C' only and they now have the correct PER LOT basis. In the example below the cost basis is correct. All I did is providing it in the Chase website: https://i.imgur.com/ELMGImx.jpg The two IXUS holding with one share a...
by assyadh
Fri Feb 22, 2019 11:30 am
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Re: Chase YouInvest cost basis method

Under the cost basis of my shares I have them held with a 'C', aka covered securities. An "A" in the Cost field denotes that the security is held at Average cost. Hence I think this is actually just an UI bug. I will do a test with a trade once my positions goes into red. EDIT: They are actually sho...
by assyadh
Thu Feb 21, 2019 3:06 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Re: Chase YouInvest cost basis method

Reply from Chase, on the cost shown as average online: "We appreciate the opportunity to assist you with your inquiry on the tax lots. Your tax lots may show as an average online, however, when securities are sold they are sold using the First In First Out method unless specified during the selling ...
by assyadh
Wed Feb 20, 2019 1:47 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Re: Chase YouInvest cost basis method

My transfer has just completed. And I just noticed the updates on this thread.

I might keep the 75k in the account for the points perspective, but open a new brokerage at vanguard for any new contributions.

In the meantime I have sent a message to the support team to move to a specId cost basis.
by assyadh
Sun Feb 17, 2019 3:29 am
Forum: Investing - Theory, News & General
Topic: Today I learned the 4% rule has been around for hundreds of years.
Replies: 26
Views: 4382

Re: Today I learned the 4% rule has been around for hundreds of years.

In the original text, the french word "rente" means regular income on which you would live (think annuity).
by assyadh
Sat Feb 16, 2019 2:37 am
Forum: Personal Investments
Topic: Need advice on personal situation [may return to Europe]
Replies: 21
Views: 2428

Re: Need advice on personal situation [may return to Europe]

Careful with that iShares ETF, it is a PFIC
by assyadh
Tue Feb 05, 2019 8:01 pm
Forum: Personal Investments
Topic: Which out of VTI, VXUS, BND to hold in ROTH IRA
Replies: 11
Views: 1528

Re: Which out of VTI, VXUS, BND to hold in ROTH IRA

VXUS allows for a foreign tax credit in taxable, so in theory...... VTI
by assyadh
Mon Jan 28, 2019 12:41 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Re: Chase YouInvest cost basis method

Hey Sopa Conleche,

I couldn't find the tax lot selection screen in YouInvest.

Would you mind sharing the location of the screen?

I'm doing a test with two small tax lots atm.

Thanks.
by assyadh
Wed Dec 26, 2018 11:44 am
Forum: Personal Investments
Topic: what mix of VXUS & VTI = VT?
Replies: 12
Views: 1519

Re: what mix of VXUS & VTI = VT?

I personally don't trade VT but use it as my asset allocation.

So I run 54.9% VTI and 45.1% VXUS. I TLH with ITOT/IXUS which are total market etfs and track different indexes.
by assyadh
Tue Dec 18, 2018 1:24 pm
Forum: Non-US Investing
Topic: [Germany] Trading from US
Replies: 8
Views: 622

Re: [Germany] Trading from US

Taxable investments are taxed depending on your country of residence if you are a non resident alien.

My plan is to move my ETFs to Interactive Brokers, move overseas, fail the US tax residency test and then sell.

Not a tax advice
by assyadh
Sat Nov 10, 2018 9:48 am
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Re: Chase YouInvest cost basis method

Thank you!!! Looks like SpecID is supported
by assyadh
Fri Nov 09, 2018 11:51 pm
Forum: Personal Investments
Topic: Chase YouInvest cost basis method
Replies: 41
Views: 4924

Chase YouInvest cost basis method

Hi everyone, I could not find any info on supported cost basis methods on Chase YouInvest taxable accounts? I am thinking about moving everything over there but having a specific lot tax basis supported is critical for me for tax loss harvesting purposes. Can someone here, who is a client of YouInve...