Search found 138 matches

by thibaulthib
Sat May 16, 2020 11:20 pm
Forum: Non-US Investing
Topic: [France] First time investor lazy/permanent portfolio advice
Replies: 17
Views: 1249

Re: [France] First time investor lazy/permanent portfolio advice

Please don't forget that with an Assurance Vie, you get 4600 euros of abatement per year for withdrawal (9200 euros for a couple), starting from the 8th year onwards. This means that if you handle it well, you can withdraw cash from the AV without paying anything, except the 17.2% of social taxes. ...
by thibaulthib
Sat May 16, 2020 12:01 am
Forum: Non-US Investing
Topic: [France] First time investor lazy/permanent portfolio advice
Replies: 17
Views: 1249

Re: [France] First time investor lazy/permanent portfolio advice

Please don't forget that with an Assurance Vie, you get 4600 euros of abatement per year for withdrawal (9200 euros for a couple), starting from the 8th year onwards. This means that if you handle it well, you can withdraw cash from the AV without paying anything, except the 17.2% of social taxes. T...
by thibaulthib
Thu May 14, 2020 8:27 am
Forum: Non-US Investing
Topic: [France] First time investor lazy/permanent portfolio advice
Replies: 17
Views: 1249

Re: [France] First time investor lazy/permanent portfolio advice

I noticed that many ETFs in the non-US portflolio examples are listed on London exchange. Is this going to become an issue after brexit? For example, with those investments still qualify for PEA in France? Or should I assume that they won't and avoid them? On the PEA, only 2 World ETF : - Lyxor; lo...
by thibaulthib
Thu May 14, 2020 8:26 am
Forum: Non-US Investing
Topic: [France] First time investor lazy/permanent portfolio advice
Replies: 17
Views: 1249

Re: [France] First time investor lazy/permanent portfolio advice

Do I understand it correctly that it only makes sense to open a regular brokerage account once I reach the PEA limit? Better to open a great assurance vie providing World ETF in this case (Lyxor for instance). Best assurance vie are : - Placement Direct with Darjeeling (Swiss Life) - Linxea Avenir ...
by thibaulthib
Tue May 05, 2020 10:47 am
Forum: Non-US Investing
Topic: How to check the bid/offer prices for Ireland ETFs
Replies: 3
Views: 262

Re: How to check the bid/offer prices for Ireland ETFs

Manually or with IBKR API (if you use IB). and yes you need the live market data
by thibaulthib
Thu Apr 30, 2020 9:28 am
Forum: Non-US Investing
Topic: Bid-Ask Spread data for IWDA, EIMI and VWRD ?
Replies: 19
Views: 743

Re: Bid-Ask Spread data for IWDA, EIMI and VWRD ?

galeno wrote:
Thu Apr 30, 2020 9:25 am
"No need to call, you can do this online after you connect to the website :-)"

Cool. I'll do it! Thanks.
Here is the how to:

https://www.interactivebrokers.com/en/s ... ucture.htm
by thibaulthib
Thu Apr 30, 2020 9:20 am
Forum: Non-US Investing
Topic: Bid-Ask Spread data for IWDA, EIMI and VWRD ?
Replies: 19
Views: 743

Re: Bid-Ask Spread data for IWDA, EIMI and VWRD ?

Thibaulthib. Thank you very much. I'm going to call IBKR and fix this. I put that commissions cost us 0.02% and bid/ask spread at 0.02%. In reality they are closer to 0.01% each. No need to call, you can do this online after you connect to the website :-) https://www.interactivebrokers.com/en/softw...
by thibaulthib
Thu Apr 30, 2020 7:48 am
Forum: Non-US Investing
Topic: Bid-Ask Spread data for IWDA, EIMI and VWRD ?
Replies: 19
Views: 743

Re: Bid-Ask Spread data for IWDA, EIMI and VWRD ?

Thibaulthib. We pay 0.1% as commissions. As to your question about tiered or fixed I have no idea. We try to trade as little as possible. When I calculated our port costs for commissions and spreads I assumed we'd trade 5% of port and we also assumed round trip. Not just one way. Many years we just...
by thibaulthib
Thu Apr 30, 2020 2:47 am
Forum: Non-US Investing
Topic: Bid-Ask Spread data for IWDA, EIMI and VWRD ?
Replies: 19
Views: 743

Re: Bid-Ask Spread data for IWDA, EIMI and VWRD ?

We've been investing in the world financial markets now for 35.25 year. For the first 30 years we never made a limit order. We were buying our individual stocks and later ETFs from USA stock markets. It used to take me 10 minutes to rebalance our all ETF portfolio. But for the last 5.25 yr we only ...
by thibaulthib
Wed Apr 29, 2020 9:12 pm
Forum: Non-US Investing
Topic: Bid-Ask Spread data for IWDA, EIMI and VWRD ?
Replies: 19
Views: 743

Re: Bid-Ask Spread data for IWDA, EIMI and VWRD ?

I still think owning one ETF...100% VWRD. ER = 0.22%. RT Spread = 0.30% is a better deal than 2 ETFs...90% IWDA + 10% EIMI. ER = 0.20%. RT spread = 0.20%. After lots of reflections, I've listened to you and moved everything to VWRA (the accumulating one). It cost me a bit of money (100 USD) to tran...
by thibaulthib
Wed Apr 29, 2020 11:56 am
Forum: Non-US Investing
Topic: Our USA-NRA Portfolio Costs
Replies: 11
Views: 789

Re: Our USA-NRA Portfolio Costs

The bid-ask spread is very narrow! Is it for one way or 2 ways? Usually 2 ways is between 0.1% and 0.15%.
by thibaulthib
Wed Apr 29, 2020 11:54 am
Forum: Non-US Investing
Topic: Bid-Ask Spread data for IWDA, EIMI and VWRD ?
Replies: 19
Views: 743

Re: Bid-Ask Spread data for IWDA, EIMI and VWRD ?

At the end I calculated it myself, it is around 0.1% for IWDA and EIMI, and a bit higher for VWRD/VWRA with 0.15%
by thibaulthib
Wed Apr 29, 2020 11:53 am
Forum: Non-US Investing
Topic: Bid-Ask Spread data for IWDA, EIMI and VWRD ?
Replies: 19
Views: 743

Re: Bid-Ask Spread data for IWDA, EIMI and VWRD ?

galeno wrote:
Mon Apr 27, 2020 8:34 pm
Suppose it's the LSE.
Correct, LSE
by thibaulthib
Sun Apr 26, 2020 6:48 am
Forum: Non-US Investing
Topic: [Singapore] Seeking advice on my long-term portfolio
Replies: 20
Views: 1325

Re: [Singapore] Seeking advice on my long-term portfolio

I prefer Vanguard over Ishares. I also prefer less ETFs vs more. Paying a tiny bit more ER for one ETF is more appealing than paying a tiny bit less for two. I think backtests are worse than useless. They are harmful. I always ingore them. I look FORWARD. Show me the earnings of the ETF and how muc...
by thibaulthib
Sun Apr 26, 2020 6:01 am
Forum: Non-US Investing
Topic: Bid-Ask Spread data for IWDA, EIMI and VWRD ?
Replies: 19
Views: 743

Bid-Ask Spread data for IWDA, EIMI and VWRD ?

Hello BH !

Would you happen to have the Bid-Ask Spread data for IWDA, EIMI and VWRD ?

I would like to check the difference between VWRD vs IWDA+EIMI.

Thanks !
by thibaulthib
Sat Apr 25, 2020 6:34 am
Forum: Non-US Investing
Topic: [Singapore] Seeking advice on my long-term portfolio
Replies: 20
Views: 1325

Re: [Singapore] Seeking advice on my long-term portfolio

VWRD has NO small caps and is weak on midcaps. That's why I like to add some WSML. WSML has no EM. So I like to add some VDEM. By next year our equity allocation will look like this: 60% VWRD + 20% WSML + 20% VDEM We are tilting smaller and more EM. And our FI will look like this 50% VDCP + 20% VDT...
by thibaulthib
Sat Apr 25, 2020 6:31 am
Forum: Non-US Investing
Topic: [Singapore] Seeking advice on my long-term portfolio
Replies: 20
Views: 1325

Re: [Singapore] Seeking advice on my long-term portfolio

Hi Galeno, Sorry, my bad, over-read! However I made an Excel table with different AA for the past 5 years, it is pretty interesting: - VWRD - IWDA - 95% IWDA + 5% EIMI - 90% IWDA + 10% EIMI - 85% IWDA + 15% EIMI https://imgur.com/a/JLoI1CJ And this does not include the higher ER for VWRD. At the end...
by thibaulthib
Fri Apr 24, 2020 5:17 am
Forum: Non-US Investing
Topic: [Singapore] Seeking advice on my long-term portfolio
Replies: 20
Views: 1325

Re: [Singapore] Seeking advice on my long-term portfolio

i like 75% VWRD + 25% VAGU better. One slightly more expensive equity ETF is CHEAPER and easier vs two slightly less expensive equity ETFs. I prefer Vanguard over Ishares. Hi galeno, I am not too convinced by VWRD because it basically also include small caps, as in it is IWDA+EIMI+WSML. The small c...
by thibaulthib
Tue Apr 14, 2020 8:49 pm
Forum: Non-US Investing
Topic: Got a windfall right now, what to do?
Replies: 4
Views: 1079

Re: Got a windfall right now, what to do?

Hi all,

Because of covid, the windfall will arrive the first week of june. Meaning in 7 weeks from now.

I am thinking of dividing the amount that my parents have in AGGH bonds, by 7, and invest this amount in stocks every week till then.

What do you think ?
by thibaulthib
Sun Apr 12, 2020 11:49 pm
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

3504PIR wrote:
Sun Apr 12, 2020 11:44 pm
Still not happy, but was thinking about this very topic the other day. I’d be happy with $30,000,000 of which half came from compounded earnings.
Wouldn't you be happy just knowing 50% came from compounded earnings, regardless the amount?
by thibaulthib
Sun Apr 12, 2020 7:54 pm
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

Stocks don't actually compound, so never. Bonds do though. How come it would work for one and not the other? Stocks don't earn interest, so they don't compound in the same sense as a savings bank account. Stocks simply change in price. It can go from $1 to $2 to $3 and, like recently, back down to ...
by thibaulthib
Sun Apr 12, 2020 11:17 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

JustinR wrote:
Sun Apr 12, 2020 9:34 am
Stocks don't actually compound, so never.

Bonds do though.
How come it would work for one and not the other?
by thibaulthib
Sat Apr 11, 2020 6:51 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

meowcat wrote:
Sat Apr 11, 2020 5:42 am
All of the past eleven years. :happy
But when did you put your very first cent ?
by thibaulthib
Sat Apr 11, 2020 3:28 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

As a teenager I read a sidebar in a newspaper that Paul Mcartney of the Beatles made something like £250 per minute. This would have been around 1983. I was flabbergasted at this, never forgot it. I noticed the compounding 'seesaw' starting to tip under its own power in my mid 30's, by 40 it was th...
by thibaulthib
Sat Apr 11, 2020 1:38 am
Forum: Non-US Investing
Topic: Got a windfall right now, what to do?
Replies: 4
Views: 1079

Got a windfall right now, what to do?

Hello BH, My parents have currently 70K Euro invested in IWDA, EIMI and AGGH, following the below AA of 60% stock/40% bonds: - AGGH: 40% - IWDA: 54% - EIMI: 6% They just got a windfall of 60K Euro, which will arrive this early may, what do you recommend them to do ? Shall they: - Option 1: Sell AGGH...
by thibaulthib
Fri Apr 10, 2020 10:15 pm
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

Thank you all guys, that's really the kind of feedback I was expecting. If some of you want to share other stories, please feel free!
by thibaulthib
Fri Apr 10, 2020 10:58 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

Shamb3 wrote: My contributions are still large, but only account for +5 to +7% now.
What do you mean by "account for +5 to +7%" ? You mean to the total amount invested?
by thibaulthib
Fri Apr 10, 2020 9:26 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

The quote from the book seems accurate, and if you have a higher savings rate, it will take a lot longer for the compounding to stand out. It will be different for everyone as others have noted. It took 20 years for me to notice compounding. I started investing in 2000 so I caught the dot com bubbl...
by thibaulthib
Fri Apr 10, 2020 9:05 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

This is a useless question because you're going to get responses from people who experienced compounding at huge rates, and others who experienced little to no compounding, both for extended periods, just depending on how markets functioned during their lifetimes. Yes, I agree, that's why I would l...
by thibaulthib
Fri Apr 10, 2020 8:53 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

watchnerd wrote:
Fri Apr 10, 2020 8:51 am
Never, really.

Because I invest/save 10x at 49 than I did at 29.
What do you mean? That you don't really see the power of compounding because you are able to invest way more than 20 years ago, so your own money is "stronger" than the compounding you are benefiting from you right now?
by thibaulthib
Fri Apr 10, 2020 8:48 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

Re: How long after starting investing, did you start to be happy about the power of compounding?

I started investing in the early 1980's when everything was going up 10% or more a year, so I was happy from the get-go. Folks who started in 2016 or so are still waiting or possibly going backwards. Haha indeed, I started late 2017 (I was 27 at that time)... I am going backwards, while injecting e...
by thibaulthib
Fri Apr 10, 2020 8:39 am
Forum: Investing - Theory, News & General
Topic: How long after starting investing, did you start to be happy about the power of compounding?
Replies: 92
Views: 6070

How long after starting investing, did you start to be happy about the power of compounding?

Hello BH, How long after starting investing, did you start to be happy about the power of compounding? I am currently reading a book saying: "The funds you choose don't matter nearly as much as allowing compound interest to work in your favor. In fact, the bulk of your portfolio growth in the first ...
by thibaulthib
Fri Mar 27, 2020 5:53 am
Forum: Non-US Investing
Topic: Over rebalancing
Replies: 25
Views: 1888

Re: Over rebalancing

With a 80/20 port you don't NEED bonds. But you should use them anyway. Our 40/60 port, which is now 36/64, is very conservative for us. The Vanguard Target Retirement Fund 2020 has 50% equity. The 2025 fund has 60%. I'm a big fan of the 60/40 port. I let my wife and older daughter talk me into goi...
by thibaulthib
Fri Mar 27, 2020 4:19 am
Forum: Non-US Investing
Topic: Over rebalancing
Replies: 25
Views: 1888

Re: Over rebalancing

There's very good evidence that over rebalancing is the right thing to do when equities are down 40%. Google it. If stocks are down > 40% on Jan 7th I'm over rebalancing to 50% stocks. If they're down again > 40% on Jan 6 2022 I'll over rebalance to 60%. Rinse and repeat until I hit 80% stocks. Tha...
by thibaulthib
Fri Mar 27, 2020 12:12 am
Forum: Non-US Investing
Topic: Over rebalancing
Replies: 25
Views: 1888

Re: Over rebalancing

andrew99999 wrote:
Thu Mar 26, 2020 11:26 pm
galeno wrote:
Thu Mar 26, 2020 11:04 am
With 80% stocks you dont need a bond fund.
What did you mean by this? What do you use for your other 20%?
I think Galeno meant that owning bonds when your stock allocation is over 80% doesnt make sense. But maybe my understanding is wrong.
by thibaulthib
Thu Mar 26, 2020 9:19 pm
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age ? and this crisis ?
Replies: 170
Views: 9269

Re: What is your AA, given your age ? and this crisis ?

30yo, my strategy was my age - 10, meaning 80/20. Was 80/20 before this 30% market decline. I have now rebalanced to 85/15, so age - 15. I still want to keep 15% in bonds as I only have 2 months of EF. I've got a stable job, even during this tough moment. So I still need some sort of cash aside some...
by thibaulthib
Thu Mar 26, 2020 8:18 am
Forum: Non-US Investing
Topic: Over rebalancing
Replies: 25
Views: 1888

Re: Over rebalancing

Hello Galeno, Great subject! I have a similar thought/request: I'm 30 yo, my current AA is 80/20 and I found out after this 35% market decline, that my risk tolerance is quite high. I would like to over rebalance from 80/20 to something more aggressive towards stocks, but not "over-bet" either. I al...
by thibaulthib
Thu Mar 26, 2020 7:55 am
Forum: Investing - Theory, News & General
Topic: Over rebalancing towards stocks during this market decline: good idea?
Replies: 1
Views: 130

Over rebalancing towards stocks during this market decline: good idea?

Hello BH! I'm 30 yo, my current AA is 80/20 and I found out after this 35% market decline, that my risk tolerance is quite high. I would like to over rebalance from 80/20 to something more aggressive towards stocks, but not "over-bet" either. I believe this market decline is a great opportunity to d...
by thibaulthib
Wed Mar 25, 2020 11:15 pm
Forum: Investing - Theory, News & General
Topic: Buying on margin in times like these, while maintaining correct asset allocation?
Replies: 17
Views: 876

Re: Buying on margin in times like these, while maintaining correct asset allocation?

Thank you all for your answers, indeed my risk tolerance is quite high.

I will follow your advise of slowly selling bonds to buy more stocks, but without buying anything on margin.

Thank you folks !
by thibaulthib
Wed Mar 25, 2020 10:10 am
Forum: Investing - Theory, News & General
Topic: Buying on margin in times like these, while maintaining correct asset allocation?
Replies: 17
Views: 876

Re: Buying on margin in times like these, while maintaining correct asset allocation?

I dont think going 1.2x would trigger a margin call that easily especially if I keep my AA to 80/20 and after the 35% drop. I agree that historically it only went down to -50% most of the time, like 2000 0r 2008, and that we dont know what the future holds. But do you really think 120% as risky taki...
by thibaulthib
Wed Mar 25, 2020 9:57 am
Forum: Investing - Theory, News & General
Topic: Buying on margin in times like these, while maintaining correct asset allocation?
Replies: 17
Views: 876

Re: Buying on margin in times like these, while maintaining correct asset allocation?

No. It can still go down, or up. Do you have the extra money to lose? If so, why do you need margin? But more importantly, they charge a lot of interest with few exceptions. Thank you Lee, I forgot to mention that I am using IBKR which has extremely low fees with regards to margin loan, as in somet...
by thibaulthib
Wed Mar 25, 2020 9:53 am
Forum: Investing - Theory, News & General
Topic: Buying on margin in times like these, while maintaining correct asset allocation?
Replies: 17
Views: 876

Buying on margin in times like these, while maintaining correct asset allocation?

Hi BH! I was just wondering, is it wise to buy on margin in times like these, whereby the market is down 30-35%, while maintaining the correct asset allocation ? I'm 30 yo, my AA is 80/20, and have a total of USD $150K invested (right now, i.e. including the current loss of 30%), i.e. $120K in stock...
by thibaulthib
Mon Mar 09, 2020 3:42 am
Forum: Non-US Investing
Topic: [IBKR] Transfer On Death when NRA - How ?
Replies: 2
Views: 269

[IBKR] Transfer On Death when NRA - How ?

Hi BH! Though still quite young, I would like to know how to make sure that all the assets I have on IBKR can be transfered on death. Unforntunately, what I can see on the IBKR website is that this is only valid for US citizen: "Transfer on Death option is solely available to individual accounts hel...
by thibaulthib
Fri Dec 27, 2019 4:23 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 699
Views: 56769

Re: Larry Swedroe: 3% is the new 4%

Thanks guys ! No worries, I am not planning to withdraw anything anytime soon. I just want to know if the SWR (Whatever % it is when the time comes for me to withdraw), is based on the total assets (bonds+stocks) or only based on the bonds % owned? It is based on the total assets (bonds+stocks). An...
by thibaulthib
Thu Dec 26, 2019 11:31 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 699
Views: 56769

Re: Larry Swedroe: 3% is the new 4%

Thanks guys ! No worries, I am not planning to withdraw anything anytime soon.

I just want to know if the SWR (Whatever % it is when the time comes for me to withdraw), is based on the total assets (bonds+stocks) or only based on the bonds % owned?
by thibaulthib
Thu Dec 26, 2019 9:05 pm
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: 3% is the new 4%
Replies: 699
Views: 56769

Re: Larry Swedroe: 3% is the new 4%

Hi all,

Got a question here, though I have time (I'm 29) but I'd like to know the answer now... lol

Once FIRE, the annual withdrawal rate of 3% applies to the bonds part only? Or is that 3% of the total AA including stocks?

Thanks!
by thibaulthib
Sat Nov 30, 2019 5:36 am
Forum: Non-US Investing
Topic: How to preserve SGD in Singapore
Replies: 6
Views: 759

Re: How to preserve SGD in Singapore

Hi OP, Don't know what you are really looking for, but for the best safe returns, 2 options: - DBS Multiplier(Up to 3.80% p.a. interest): https://www.dbs.com.sg/personal/deposits/bank-earn/multiplier - UOB One (Up to 3.88% p.a. interest): https://www.uob.com.sg/personal/save/chequeing/one-account.pa...