Search found 27 matches

by finrod_2002
Wed Nov 13, 2019 8:04 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

The thing is I just don't know what the extra risks are. Maybe capital restrictions if things go really sour between the US and Europe/Netherlands, but you would see that coming. I do not see really good alternatives in the Netherlands for VTI/VXUS. I have some doubts about Actiam, because they hav...
by finrod_2002
Tue Nov 12, 2019 10:41 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

I am also using options to invest (receive shares) in VTI and VXUS and still think it is a great idea, given the Dutch tax and inheritance treaties with the US. You can read more about the latter in https://www.trackerbelegger.nl/ (in Dutch). It still poses a risk though because I cannot oversee al...
by finrod_2002
Sun Nov 10, 2019 3:02 pm
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

The thing I find most annoying is that that way I cannot buy a fraction of 100 shares. Specially for VTI (Total market) priced at ~140-150, this is a bit of an issue. A stock split would be nice!! :mrgreen: Hi finrod, Thank your for the post, it is an interesting approach (and a nice potential back...
by finrod_2002
Mon Oct 28, 2019 3:16 pm
Forum: Non-US Investing
Topic: EU / US citizen looking for Interactive Broker ETF investment tips
Replies: 14
Views: 1395

Re: EU / US citizen looking for Interactive Broker ETF investment tips

To add insult to injury, IB is now reported to be no longer offering US domiciled ETFs to EU residents, thanks to the EU's PRIIPs regulations. More in this posting from last year: There is actually a way to circumvent the PRIIPS rules and buy American ETFs anyway (sort of a loophole) You can for ex...
by finrod_2002
Sun Oct 13, 2019 1:35 am
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1431

Re: portfolio advice: HNWI Early retiree from Italy/Germany

Italy: 26% tax on distributed etf equity dividends, no tax on accumulating (only when sold on capital gains ofc). 26% on dividends from corporate bonds and 12.5% on government bonds. I guess you should then be extra careful with aggregate/global distributing bond funds. Those contain corporate bond...
by finrod_2002
Mon Jul 01, 2019 2:18 am
Forum: Non-US Investing
Topic: [Wiki] Bond basics for non-US investors - seeking feedback and contributions
Replies: 40
Views: 4695

Re: [Wiki] Bond basics for non-US investors - seeking feedback and contributions

I myself rely on CD ladders a this moment for the fixed income part of my portfolio, but for European investors I think Xtrackers (Deutsche Bank) has some interesting products. For example Xtrackers II Global Government Bond is hedged to different currencies, here the Euro version: http://www.mornin...
by finrod_2002
Thu May 09, 2019 2:56 pm
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

As far as I can see from Morningstar the domicile is Ireland and not the Netherlands at least not for the World fund. Also it doesn't include small caps. So I don't think it is exactly an equivalent of VTI (total market) + VXUS (total market ex US) or VT (total world). So it would be necessary to a...
by finrod_2002
Thu May 09, 2019 6:41 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

As far as I know you get it with Meesman and the TER is 0.5%. Not too bad, but also not too good. Also the dividend leakage is not exactly 0, but according to Meesman around 2-5%. Is there also another way to get to those funds apart via Meesman? ABN, ING, Rabo, Binck fund coach, maybe some other o...
by finrod_2002
Wed May 08, 2019 8:53 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

"You are paying the volatility premium, and you are not getting the dividends, and you are paying the spread on the options." 1) and 3) yes. 2) no. OP, if you decide to do options (which seems like too much trouble if you ask me), don't use VTI and VXUS as options are illiquid in these names. The m...
by finrod_2002
Wed May 08, 2019 8:13 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

That said I plan to probably switch VTI + VXUS with the ACTIAM (Verantwoord Index Aandelenfonds Wereld) at some point in the long term (or with another Dutch domiciled fund if a better one comes up). Have you looked at Northern Trust funds? Dutch domiciled, no dividend "leakage" and low TER. As far...
by finrod_2002
Wed May 08, 2019 8:06 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

"You are paying the volatility premium, and you are not getting the dividends, and you are paying the spread on the options." 1) and 3) yes. 2) no. OP, if you decide to do options (which seems like too much trouble if you ask me), don't use VTI and VXUS as options are illiquid in these names. The m...
by finrod_2002
Wed May 08, 2019 7:25 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

@finrod_2002... is the one time cost of 0,5/0,6% of getting the shares out of options is still less expensive than the X percentage loss on divident with the Irish counterpart (VWRL)? Ofcourse this also depends on how long you are planning to hold the shares, but still... If you consider the divide...
by finrod_2002
Sat Apr 13, 2019 12:52 am
Forum: Non-US Investing
Topic: [US/AT] Investing as a dual citizen despite PFIC & PRIIPs
Replies: 3
Views: 520

Re: [US/AT] Investing as a dual citizen despite PFIC & PRIIPs

What you could do is avoid the PRIPS/MiFid rules by buying the ETFs via options. That way you can for example buy vanguard total market and vanguard total international ex-us ETFs. You can for example buy a call option or sell a put option. Do it always the day before option expiration to reduce cos...
by finrod_2002
Sun Mar 24, 2019 3:10 am
Forum: Non-US Investing
Topic: [Wiki] Cash equivalents for EU investors - seeking feedback and contributions
Replies: 19
Views: 1390

Re: Cash equivalents for EU investors - new paper seeking feedback and contributions

Hi finrod_2002, thanks for the comments. I guess that the deposit risk emphasis is due to the much reduced limits over what's available in the US, in addition managing multiple accounts for larger sums can be a burden especially for dependents. Perhaps the language deserves to be softened. I would ...
by finrod_2002
Sat Mar 23, 2019 12:41 pm
Forum: Non-US Investing
Topic: [Wiki] Cash equivalents for EU investors - seeking feedback and contributions
Replies: 19
Views: 1390

Re: [Wiki] Cash equivalents for EU investors - seeking feedback and contributions

DJN wrote:
Sat Mar 23, 2019 11:29 am

As a matter of interest what's a 3-month Italian BOT?
It is essentially a 3 month Italian treasury bill. Regarding the CD ladder, I will come back later when I have some more time.
by finrod_2002
Sat Mar 23, 2019 4:33 am
Forum: Non-US Investing
Topic: [Wiki] Cash equivalents for EU investors - seeking feedback and contributions
Replies: 19
Views: 1390

Re: Cash equivalents for EU investors - new paper seeking feedback and contributions

I don't understand why you emphasize so much the deposit risk in the EU. 100000 might be not enough, but I can just open accounts in different banks if I exceed 100000 in any one bank. What is the issue with that in your view? And using for example a CD ladder can give more or the same interest then...
by finrod_2002
Sun Mar 10, 2019 4:59 am
Forum: Non-US Investing
Topic: Change distributing aggregate bond choice from Sterling to Euros, include synthetic and/or Floating Rate Bonds?
Replies: 8
Views: 776

Re: EU: revising global distributing aggregate bond choice

There is also the Xtrackers Global Government Bond UCITS ETF. It is available in multiple currencies hedged and non hedged. The EUR hedged version has a distributed and an accumulating version. So plenty of combinations available. Here an example of the EUR hedged distributing version: https://etf.d...
by finrod_2002
Fri Mar 08, 2019 2:14 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

I am not saying that global cap weighting is necessarily bad. Just that your reasoning for it doesn't seem at all sound. Your arguments for not biasing EU is the same incorrect argument used by people for biasing their home country. You are absolutely right. So I have another argument for preferrin...
by finrod_2002
Thu Mar 07, 2019 11:57 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

finrod_2002 wrote: ↑Wed Mar 06, 2019 2:52 pm TedSwippet wrote: ↑Sat Mar 02, 2019 10:28 am Whether the OP should have an EU or NL 'tilt' is a separate question. No - the question is the same. The question is how much should be allocated to different countries or regions. finrod_2002 wrote: ↑Wed Mar ...
by finrod_2002
Wed Mar 06, 2019 8:52 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

Your allocation to the US is pretty high for a NL based investor. Do you want to invest more towards EU or NL? A 50-60% VTI allocation to US stock and 40-50% VXUS non-US is nicely in line with global market cap, so in practice there is no US 'tilt' here. VWRL currently holds 53.5% US stocks. Whethe...
by finrod_2002
Wed Mar 06, 2019 8:52 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

Your allocation to the US is pretty high for a NL based investor. Do you want to invest more towards EU or NL? A 50-60% VTI allocation to US stock and 40-50% VXUS non-US is nicely in line with global market cap, so in practice there is no US 'tilt' here. VWRL currently holds 53.5% US stocks. Whethe...
by finrod_2002
Mon Feb 18, 2019 3:55 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

How do they determine assets what is included? Housing, Cars, Silverware, or just cash/stocks/bonds? The tax declaration is done once per year and with net wealth I was indeed meaning cash/stocks/bonds and real estate, which is not the first house. The car is taxed apart. About Silverware and such ...
by finrod_2002
Sun Feb 17, 2019 4:34 pm
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

What I had not properly understood is that this is a way to take delivery. Assuming tax issues work this is quite clever. To actually get the physical. In the Netherlands the net wealth (assets-liabilities) is taxed at a fixed 1.2% rate for totals above €21,330 (above €42,660 for a couple). So it d...
by finrod_2002
Sun Feb 17, 2019 4:53 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

This reads to be that I did not properly understand your strategy. I shall have a reread and see if I can make more sensible comments. Maybe I haven't explained it too well. :wink: I'll try to illustrate it via the following example. Let's assume that I have enough money to buy 100 VTI shares. Beca...
by finrod_2002
Sat Feb 16, 2019 4:57 pm
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

Re: European, dutch investor here: Is investing in VTI and VXUS still a good choice?

You are paying the volatility premium, and you are not getting the dividends, and you are paying the spread on the options. It looks like a great way to burn money. How about just buying the world ETF, of which both Vanguard and ishares offer Dublin registered funds? Why shouldn't I get the dividen...
by finrod_2002
Sat Feb 16, 2019 3:36 am
Forum: Non-US Investing
Topic: European alternative to VXUS
Replies: 6
Views: 827

Re: European alternative to VXUS

Regulations have change and I can't keep buying VTI+VXUS as I have been doing so far. I've found a workaround for this. It is possible to buy VTI and/or VXUS and/or other ETFs without PRIIPs via the option route. Basically, you buy a call option or sell a put option and get the underlying VTI and V...
by finrod_2002
Sat Feb 16, 2019 3:26 am
Forum: Non-US Investing
Topic: European, dutch investor here: Is investing in VTI and VXUS still a good choice?
Replies: 41
Views: 4638

European, dutch investor here: Is investing in VTI and VXUS still a good choice?

Hello all, Thanks for this amazing forum with the endless information one can found. I'm reading it really a lot. Now I would like to ask advice over the following. I've started investing 3 years ago and basically invest in the following: Stocks VTI (Vanguard Total US Stock ETF (50-60%) VXUS (Vangua...