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StoneFeeler

@terran, Very interesting calculation. Thank you.

StoneFeeler

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 ...

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

[/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...

StoneFeeler

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...

StoneFeeler

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.

StoneFeeler

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%. ...

StoneFeeler

@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.

StoneFeeler

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, ...

StoneFeeler

@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 ...

StoneFeeler

@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...

StoneFeeler

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 ...

StoneFeeler

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

StoneFeeler

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)

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

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 ...

StoneFeeler

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.

StoneFeeler

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).

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

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)?

StoneFeeler

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

StoneFeeler

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.

StoneFeeler

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

https://www.aqr.com/Insights/Research/A ... et-Classes

StoneFeeler

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.

StoneFeeler

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...

StoneFeeler

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)

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

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 ...

StoneFeeler

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...

StoneFeeler

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!

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

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...

StoneFeeler

Hi

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

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