Search found 42 matches

by StoneFeeler
Wed Jun 03, 2020 5:26 am
Forum: Personal Finance (Not Investing)
Topic: Moving to the US - Social Security
Replies: 22
Views: 1860

Re: Moving to the US - Social Security

@terran, Very interesting calculation. Thank you.
by StoneFeeler
Wed Jun 03, 2020 5:25 am
Forum: Personal Finance (Not Investing)
Topic: Moving to the US - Social Security
Replies: 22
Views: 1860

Re: Moving to the US - Social Security

Thank you everyone, for taking the time to reply. First of all, I apologize if anything in my original post sounded political or offensive. I don't remember it fully, but that was certainly not my intention. Sorry. I am planning to move to the US with a Green Card next year, when I will be 57 years ...
by StoneFeeler
Tue Jun 02, 2020 12:30 am
Forum: Personal Finance (Not Investing)
Topic: Moving to the US - Social Security
Replies: 22
Views: 1860

Moving to the US - Social Security

Hi, I am planning to move to the US with a green card next year. Although I hope to earn either by taking a job or doing some consulting work, given my age, it is unlikely that I would accumulate 40 quarters of social security credits. In such a case, I am afraid I will get back nothing for my socia...
by StoneFeeler
Wed May 20, 2020 3:25 am
Forum: Investing - Theory, News & General
Topic: Book on financial market history
Replies: 13
Views: 1348

Re: Book on financial market history

I am the OP. I wanted to get back and share a website that I found. This site contains very good and brief articles on the history of the Fed (and hence the US monetary policy) through the ages, starting with the pre-Fed period until after the 2007-09 financial crisis. Each time period has a summary...
by StoneFeeler
Mon May 04, 2020 11:04 pm
Forum: Non-US Investing
Topic: How to check the bid/offer prices for Ireland ETFs
Replies: 3
Views: 263

How to check the bid/offer prices for Ireland ETFs

How can I check for the bid/offer prices for Ireland-registered ETFs such as CSSPX and ERNA? I have an Interactive Broker account. Do I have to check through that through some data subscription? I am concerned because I sometimes the Ireland ETF bid/offer spreads blow out and I would like to check t...
by StoneFeeler
Tue Apr 28, 2020 12:46 am
Forum: Non-US Investing
Topic: Any downsides to these two Bond ETFs?
Replies: 3
Views: 370

Any downsides to these two Bond ETFs?

I have been looking around for Irish-domiciled Bond ETFs. It is very difficult to get any yield on USD bonds without going very long on maturity and exposing oneself to the duration risk. But I came across these two iShares ETFs. They are pretty short-duration, investment-grade, USD-denominated bond...
by StoneFeeler
Thu Mar 12, 2020 8:59 pm
Forum: Non-US Investing
Topic: Totally new UK investor - need guidance please
Replies: 31
Views: 1756

Re: Totally new UK investor - need guidance please

[/quote] Actually, the 30% dividend withholding tax is not supposed to be applied to interest income so this bond fund should be incurring 0% US tax. [/quote] I wrote to Vanguard with this specific question and here is the answer, quoted from their email: QUOTE The Global Bond Index Fund - IE00B50W2...
by StoneFeeler
Thu Mar 12, 2020 1:47 am
Forum: Non-US Investing
Topic: Totally new UK investor - need guidance please
Replies: 31
Views: 1756

Re: Totally new UK investor - need guidance please

I checked the fees charged: 1. iWeb for a Stocks and Shares ISA: GBP 25 for opening an account plus GBP 5 per trade. Assuming that I select 3 index funds and invest my monthly savings into them, I will need to spend GBP 15 a month. 2. Halifax ISA: GBP 12.5 per year, plus GBP 2 per trade for schedule...
by StoneFeeler
Tue Mar 10, 2020 1:53 am
Forum: Non-US Investing
Topic: Totally new UK investor - need guidance please
Replies: 31
Views: 1756

Re: Totally new UK investor - need guidance please

While the employer matches up to an extent (I think 5%), thus generating an instant 100% return, the funds thus generated are managed by a "professional" fund manager, who charges some 55bp or 60bp in my daughter's case. I wish they offered index-fund choices to invest that pension money.
by StoneFeeler
Mon Mar 09, 2020 9:55 pm
Forum: Non-US Investing
Topic: Totally new UK investor - need guidance please
Replies: 31
Views: 1756

Re: Totally new UK investor - need guidance please

I emailed Vanguard UK and they replied promptly by email. Here is their reply: QUOTE Withholding tax is charged to the fund on any US income earnt by the underlying securities the fund is invested in. Depending on the type of fund and where it is domiciled, the withholding tax is either 30% or 15%. ...
by StoneFeeler
Sun Mar 08, 2020 4:52 am
Forum: Non-US Investing
Topic: Totally new UK investor - need guidance please
Replies: 31
Views: 1756

Re: Totally new UK investor - need guidance please

@TedSwippet, Hasn't anyone asked Vanguard about this in the UK? For instance, I wrote to Vanguard HK and they replied to me that they pay 30% WHT on US-sourced dividends. Let me try to write to Vanguard UK and see what happens. Thank you.
by StoneFeeler
Sat Mar 07, 2020 10:09 pm
Forum: Non-US Investing
Topic: Totally new UK investor - need guidance please
Replies: 31
Views: 1756

Re: Totally new UK investor - need guidance please

Thanks everyone for your help. Sitting in HK, I use some index funds registered in Ireland for investing in S&P 500 since the withholding tax on US dividends for Ireland funds is only 15% and that on US interest is 0%. If I use Vanguard UK funds, will they pay 30% WHT for US dividends? For example, ...
by StoneFeeler
Sat Mar 07, 2020 1:42 am
Forum: Non-US Investing
Topic: Totally new UK investor - need guidance please
Replies: 31
Views: 1756

Re: Totally new UK investor - need guidance please

@artfulinvestor83, Thank you! The MoneySavingExpert links were very useful. My basic investment advice to her is going to be to buy-and-hold the following three ETFs: CSSPX- iShares Core S&P 500 UCITS ETF - in USD - TER of 7 bps IWDA - iShares Core MSCI World UCITS ETF - in USD - TER of 20 bps EIMI ...
by StoneFeeler
Fri Mar 06, 2020 8:37 am
Forum: Non-US Investing
Topic: Totally new UK investor - need guidance please
Replies: 31
Views: 1756

Re: Totally new UK investor - need guidance please

@valuethinker, thanks for your reply. You mentioned that Vanguard does NOT have the cheapest charges. Then which one is? (I see from Vanguard website that the charges are 0.15% per year). The Lifestyle ISA option seems cool, given the government top-up of GBP 1k per every GBP 4k contribution. Whethe...
by StoneFeeler
Fri Feb 28, 2020 7:46 am
Forum: Non-US Investing
Topic: Totally new UK investor - need guidance please
Replies: 31
Views: 1756

Totally new UK investor - need guidance please

My daughter has just taken up a job in the UK (she is a HK citizen). She knows that the best thing is to use index funds. Her target savings are about GBP 12k per year as of now. I was going to advice her to open an Interactive Brokers account and buy index ETFs. But then I discovered that it might ...
by StoneFeeler
Fri Dec 27, 2019 1:37 am
Forum: Forum Issues and Administration
Topic: Suggestion for Non-US investing
Replies: 1
Views: 623

Suggestion for Non-US investing

A suggestion for the moderators: When you click into "Non-US Investing", there are specific forums for Canada and Spain. May I suggest opening specific forums for UK, Hong Kong and other frequently mentioned locations? Thanks
by StoneFeeler
Mon Mar 25, 2019 12:23 am
Forum: Investing - Theory, News & General
Topic: Book on financial market history
Replies: 13
Views: 1348

Re: Book on financial market history

Thank you very much, everyone. Much appreciated.

I am still just surprised that this is not easily compiled and published by any author. I would have thought this is a oft-encountered need.

Cheers!
StoneFeeler (OP)
by StoneFeeler
Sun Mar 24, 2019 12:26 am
Forum: Non-US Investing
Topic: Non-resident Indian deposits
Replies: 17
Views: 1844

Re: Non-resident Indian deposits

Is this offer only for non resident indians, or can anyone take advantage of it? Yes, only for Non-resident Indians (with an Indian passport or Overseas Indian Citizenship). I am not sure about the physical certificate. Depends on the bank, I think ... State Bank of India issues a physical certific...
by StoneFeeler
Fri Mar 22, 2019 1:20 am
Forum: Investing - Theory, News & General
Topic: Book on financial market history
Replies: 13
Views: 1348

Book on financial market history

I have seen the book recommendations on the Boggleheads page on financial history. I have no doubt they are all good books, but I am looking for something more direct on the different episodes of the US economic and financial market history, illustrating what happened to the equity and bond investor...
by StoneFeeler
Thu Mar 21, 2019 1:52 am
Forum: Non-US Investing
Topic: US estate tax for joint accounts - how to manage?
Replies: 2
Views: 374

US estate tax for joint accounts - how to manage?

I live in Hong Kong and not a US resident. I was thinking that I would create a joint account with my spouse with a brokerage here (such as Interactive or TD Ameritrade), buy US stocks/ETFs. If either of us dies, then the other person can quickly sell the assets and take out the money before we are ...
by StoneFeeler
Thu Mar 21, 2019 12:22 am
Forum: Non-US Investing
Topic: Anyone has experience with Vanguard Hong Kong ETFs?
Replies: 11
Views: 1663

Re: Anyone has experience with Vanguard Hong Kong ETFs?

If you use Vanguard HK ETF to invest in S&P 500, you lose 30% withholding tax on dividends. If you want to get S&P 500, better to invest in Vanguard or Ishares Ireland ETFs.
by StoneFeeler
Wed Mar 20, 2019 10:23 pm
Forum: Non-US Investing
Topic: Non-resident Indian deposits
Replies: 17
Views: 1844

Re: Non-resident Indian deposits

I forgot to add one more point: The interest on the FCNR deposits is free of withholding or any other tax in India. Of course, you will need to pay tax in your own country (USA or any other).
by StoneFeeler
Wed Mar 20, 2019 9:35 pm
Forum: Non-US Investing
Topic: Non-resident Indian deposits
Replies: 17
Views: 1844

Re: Non-resident Indian deposits

Thanks for the various points raised. 1. Here is the webpage of SBI where you can find a link to the deposit rates. It pops up in a table. These kinds of deposits are called FCNR (Foreign Currency Non-Resident) deposits and every bank offers them. https://www.sbi.co.in/portal/web/interest-rates/fore...
by StoneFeeler
Wed Mar 20, 2019 5:33 am
Forum: Non-US Investing
Topic: Non-resident Indian deposits
Replies: 17
Views: 1844

Non-resident Indian deposits

I'm sorry for posting on a topic that is relevant only to Non-resident Indians, but I hope there are a number of such people here. Indian banks offer USD deposits for non-resident Indians at attractive rates. For example, State Bank of India's rate is currently 3.69% for a one-year deposit. That see...
by StoneFeeler
Tue Mar 19, 2019 11:25 pm
Forum: Personal Investments
Topic: Retirement Calculators: variances in output
Replies: 13
Views: 1543

Re: Retirement Calculators: variances in output

The other issue is: all these calculators talk about a constant withdrawal rate of 4% or whatever. How to think about sudden lump-sum expenses (particularly medical)?
by StoneFeeler
Tue Mar 19, 2019 11:24 pm
Forum: Personal Investments
Topic: Retirement Calculators: variances in output
Replies: 13
Views: 1543

Re: Retirement Calculators: variances in output

Admiral wrote:
Mon Mar 18, 2019 9:29 am
To answer your questions about FRP: I have used it for years and find it robust.
I am newbie here, so please excuse my question: Which one is FRP? Can you give a link? Thanks
by StoneFeeler
Tue Mar 19, 2019 6:11 am
Forum: Personal Investments
Topic: AQR report on expected returns in 5-10 years
Replies: 10
Views: 968

Re: AQR report on expected returns in 5-10 years

Their biggest mis-forecast was the UK, where they predicted 5.8% real returns and instead the UK saw -1.9% real returns.
[/quote]

Nobody could have foreseen the shock Brexit vote. Also, when they say 5 years, it is still just 5y and 1m, and so maybe we must give them more time.
by StoneFeeler
Mon Mar 18, 2019 11:48 pm
Forum: Personal Investments
Topic: AQR report on expected returns in 5-10 years
Replies: 10
Views: 968

AQR report on expected returns in 5-10 years

Has anyone read this report? Seems interesting. Sobering conclusions on equity, bond returns.

https://www.aqr.com/Insights/Research/A ... et-Classes
by StoneFeeler
Fri Mar 15, 2019 11:56 pm
Forum: Personal Investments
Topic: Risk averse portfolio for an early retiree?
Replies: 45
Views: 5369

Re: Risk averse portfolio for an early retiree?

Very nice thread, so I am posting just to follow this. I am a newbie, so apologies if this is an intrusion or if there is a better way to follow the thread.
by StoneFeeler
Thu Mar 14, 2019 7:08 am
Forum: Personal Investments
Topic: Max drawdown data for different AA
Replies: 9
Views: 1013

Re: Max drawdown data for different AA

Paul, I checked out the tables. Very useful. One question - do they reflect the change in the index values only or do they include dividends? Also, are these nominal or real? Thanks They reflect nominal return and reinvested dividends. In my experience only people selling index annuities use the in...
by StoneFeeler
Wed Mar 13, 2019 8:34 pm
Forum: Personal Investments
Topic: Finding the risk tolerance for AA
Replies: 18
Views: 1172

Re: Finding the risk tolerance for AA

Hi all,

Thanks for all your ideas and links. I have already read some of them, but will go through the rest. I just wanted to say say that I appreciate all your help. I will pop back and share more of my thinking later.

Cheers
StoneFeeler (OP)
by StoneFeeler
Wed Mar 13, 2019 12:45 am
Forum: Personal Investments
Topic: Finding the risk tolerance for AA
Replies: 18
Views: 1172

Finding the risk tolerance for AA

Personal situation: Self 53 years, Wife 48 years, no other financial needs (kids provided for), trying to deploy 3 mil for 10-15 years when I expect to begin retirement and drawdown, no addition to savings expected until then. In this situation, I am trying to estimate my risk tolerance to determine...
by StoneFeeler
Mon Mar 11, 2019 8:53 am
Forum: Personal Investments
Topic: "Never time the market" vs. lump sum investment
Replies: 149
Views: 18772

Re: "Never time the market" vs. lump sum investment

In the 2012 Vanguard study, the final outperformance of lumpsum over DCA was 1.4% to 2.5% on average. But that percentage is the cumulative outperformance over 10 years, and not annualized . If one gains 2% more by at the end of 10 years, what is the big deal? One might as well be indifferent to eit...
by StoneFeeler
Tue Feb 26, 2019 4:37 am
Forum: Personal Investments
Topic: Max drawdown data for different AA
Replies: 9
Views: 1013

Re: Max drawdown data for different AA

The expected drawdowns will vary with different combinations of asset classes. If you wish to compare the maximum drawdowns on combinations of S&P 500 and bonds, worldwide equity combinations with bonds, and all value equity portfolios with bonds check out https://paulmerriman.com/fine-tuning-table...
by StoneFeeler
Mon Feb 25, 2019 12:38 am
Forum: Personal Investments
Topic: Max drawdown data for different AA
Replies: 9
Views: 1013

Re: Max drawdown data for different AA

Thanks for the links. I will check them out. My objective to starting this thread is as follows: I thought the most important consideration in deciding AA ought to be the percentage loss that one is willing/able to withstand if something hits the fan. That's why I was looking for some data on the ma...
by StoneFeeler
Fri Feb 22, 2019 11:08 pm
Forum: Personal Investments
Topic: Max drawdown data for different AA
Replies: 9
Views: 1013

Max drawdown data for different AA

Hi, I am new to the forum and trying to learn. I wanted to understand the max drawdown for different AA and came across the below table in the Wiki (https://www.bogleheads.org/wiki/Risk_tolerance): Asset Allocation % (Stock/Bond) Exposure to Maximum Loss 20/80 5% 30/70 10% 40/60 15% 50/50 20% 60/40 ...
by StoneFeeler
Fri Feb 22, 2019 10:17 pm
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 1524
Views: 122085

Re: My trend following strategy and experience

I am sorry if this is a stupid question, but I am a newbie to the Forum. When you say you check the indices against 7MMA, do you take 7 monthly figures and average them, or daily figures for 7 months and average them? Thanks! I don't actually do any of the calculations myself. I use Portfolio Visua...
by StoneFeeler
Fri Feb 22, 2019 5:29 am
Forum: Investing - Theory, News & General
Topic: My trend following strategy and experience
Replies: 1524
Views: 122085

Re: My trend following strategy and experience

I am sorry if this is a stupid question, but I am a newbie to the Forum.

When you say you check the indices against 7MMA, do you take 7 monthly figures and average them, or daily figures for 7 months and average them?

Thanks!
by StoneFeeler
Thu Feb 21, 2019 7:32 pm
Forum: Non-US Investing
Topic: Tax implications for Vanguard HK ETF
Replies: 3
Views: 631

Re: Tax implications for Vanguard HK ETF

I did ask Vanguard by email. They replied very promptly - within a couple of hours! I have reproduced my questions and their replies: Question 1 - When the ETF receives dividends from US companies (such as Apple, Walmart, etc.), does it receive the full dividends or after withholding tax by the comp...
by StoneFeeler
Thu Feb 21, 2019 3:32 am
Forum: Personal Investments
Topic: Lump-sum capital - how to handle?
Replies: 7
Views: 557

Lump-sum capital - how to handle?

Hi all, As a result of the sale of real estate, I suddenly have a substantial amount of capital (over a couple of million). I am looking for thoughts on how to deploy it in financial markets - equity and fixed income. My thoughts are: Current equity market cannot be said to be cheap (See P/E, Shille...
by StoneFeeler
Thu Feb 21, 2019 1:53 am
Forum: Non-US Investing
Topic: Tax implications for Vanguard HK ETF
Replies: 3
Views: 631

Tax implications for Vanguard HK ETF

Hi all, Vanguard has an S&P 500 ETF: Stock code 3140 and ISIN HK0000248903. (https://www.vanguard.com.hk/portal/mvc/detail/etf/overview?portId=9583&assetCode=EQUITY##overview) It looks like this ETF is a Hong Kong trust and hence HK domiciled entity, as far as I can tell from the prospectus availabl...
by StoneFeeler
Wed Feb 20, 2019 4:12 am
Forum: Non-US Investing
Topic: Hong Kong Bogleheads?
Replies: 34
Views: 7841

Re: Hong Kong Bogleheads?

Hi

I live in HK, but am new to the forum here. Is the HK chapter active with meetings?