Search found 49 matches

by QuantOfAsia
Thu Jan 16, 2020 8:33 pm
Forum: Non-US Investing
Topic: Question on Irish ETFs
Replies: 4
Views: 375

Re: Question on Irish ETFs

I go to each of the main issuers' websites directly: iShares UK, SSgA UK, Vanguard UK, Invesco UK, Lyxor, DWS, etc.
by QuantOfAsia
Mon Jan 06, 2020 6:19 pm
Forum: Non-US Investing
Topic: How much do you invest in Emerging Markets?
Replies: 28
Views: 1909

Re: How much do you invest in Emerging Markets?

I'll probably be one of the few here that's over 50% allocated to "emerging markets". It's a broad category, but have lived and worked across emerging markets for over 10 years and am comfortable with the risks. At current valuations, many of them are significantly cheaper than corresponding develop...
by QuantOfAsia
Sun Dec 22, 2019 7:07 pm
Forum: Non-US Investing
Topic: Does anyone own individual stocks?
Replies: 28
Views: 1725

Re: Does anyone own individual stocks?

Yes, I own individual stocks, and believe there are as many different ways of owning them as there are combinations of stocks. There is a rising adoption of an idea called "direct indexing" where you can own all the stocks in an index in the same weights, thanks to low or zero-commission trading and...
by QuantOfAsia
Sun Dec 22, 2019 6:59 pm
Forum: Non-US Investing
Topic: Is International Diversification really necessary for Resident Indian?
Replies: 64
Views: 1712

Re: Is International Diversification really necessary for Resident Indian?

Pretend for a moment that you were Japanese in 1989, asking yourself the same question of whether it would be worth diversifying internationally given the excellent recent performance of your home market, and apparent higher taxes and volatility of allocating to foreign markets.
by QuantOfAsia
Mon Dec 16, 2019 7:52 pm
Forum: Non-US Investing
Topic: How to get accumulated value in ETF?
Replies: 8
Views: 657

Re: How to get accumulated value in ETF?

I think what the OP is asking if how / where the investor can how much those dividends are and when they are being reinvested in the fund. Distributing share classes often post distribution schedules on their websites, but I've found it harder to find the same information on accumulating share class...
by QuantOfAsia
Mon Oct 07, 2019 7:24 pm
Forum: Non-US Investing
Topic: Why emerging market bonds?
Replies: 37
Views: 3927

Re: Why emerging market bonds?

EM USD bonds are no substitute for equity, since at most they pay you back principal+interest. Some of the bonds are investment grade and others high yield, and so I place these I'm my bond buckets accordingly. Combined with purely corporate high yield, these bonds provide some issuer diversification.
by QuantOfAsia
Mon Sep 16, 2019 2:25 am
Forum: Non-US Investing
Topic: [EUR] Inflation linked government bond yield vs inflation
Replies: 5
Views: 562

Re: [EUR] Inflation linked government bond yield vs inflation

More simply said, the yield you buy at will be a real yield, after inflation. So in the -0.83% yield case, you'll earn 0.83% below inflation, no matter how high or low inflation is. Some indexed bonds ensure you at least get your principal back at maturity even if there's deflation (e.g. US TIPS, no...
by QuantOfAsia
Mon Sep 09, 2019 12:20 am
Forum: Non-US Chapters
Topic: Singapore Local Chapter Established
Replies: 49
Views: 14170

Re: Singapore Local Chapter Established

I'll be back in Singapore 17-25 Sep and would like to meet like-minded members there. Happy to help organize something if needed.
by QuantOfAsia
Sun Sep 01, 2019 11:07 pm
Forum: Non-US Investing
Topic: stocks portfolio: how many parts?
Replies: 9
Views: 982

Re: stocks portfolio: how many parts?

Hi bogleheads, I want to invest my cash reserves and I have concluded that the distribution will be 80% stocks and 20% bonds. I have been looking into the stocks part and I've read about the lazy portfolio (3-fund portfolio) and the analogous for equivalent for non-US investors: https://www.boglehe...
by QuantOfAsia
Sun Aug 25, 2019 7:02 pm
Forum: Non-US Investing
Topic: How To Build an All Value Portfolio Based on ETFs for European Investors
Replies: 14
Views: 1605

Re: How To Build an All Value Portfolio Based on ETFs for European Investors

Geographies: 33% US/33% Europe/ 33% EM Europe home bias allocation justified due to historically low CAPE ratios, good dividend yields - more than 4%, no currency risks US allocation justified based on current exposure in World GDP + less future expected returns based on higher valuations, low mone...
by QuantOfAsia
Thu Aug 22, 2019 2:14 am
Forum: Non-US Investing
Topic: To REIT or not to REIT
Replies: 4
Views: 831

Re: To REIT or not to REIT

REITs are generally a good way to accumulate real estate exposure if you don't own physical real estate. I usually prefer to buy individual REITs rather than an ETF. Euro ETFs are attractive given negative to zero EUR rates.
by QuantOfAsia
Wed Aug 14, 2019 9:47 pm
Forum: Non-US Investing
Topic: Foreign Earned Income Exemption and U.S. 401k?
Replies: 24
Views: 1629

Re: Foreign Earned Income Exemption and U.S. 401k?

Short answer: yes, your employer can set up and fund/let you fund a 401(k) plan whether you work inside or outside the US. 401k's are different from IRAs in how the FEIE impacts them because your employer is not expected to track the exclusion for each employee.
by QuantOfAsia
Thu Jul 25, 2019 6:47 pm
Forum: Non-US Investing
Topic: Irish-US Dual citizen. Best method of saving while living in Ireland for a recent graduate
Replies: 15
Views: 907

Re: Irish-US Dual citizen. Best method of saving while living in Ireland for a recent graduate

As far as I understand it, when I am working in Ireland, and filling for Foreign Earned Income Exclusions, none of my earnings below whatever the exemption is for (approx $105,000) can go into a 401k or IRA. You could probably try to use the Foreign Tax Credit instead, if Irish taxes are higher the...
by QuantOfAsia
Wed Jul 24, 2019 6:34 pm
Forum: Non-US Investing
Topic: What do you think about SPDR MSCI World UCITS ETF?
Replies: 15
Views: 1596

Re: What do you think about SPDR MSCI World UCITS ETF?

MSCI World ETFs are a commodity, buy the cheaper one, and switch if you can do so cheaply. My critique of MSCI world is that it doesn't capture EM (so would be better called "developed world"), and even ACWI is underweight EM relative to GDP and other economic measures. I also prefer MSCI World ETFs...
by QuantOfAsia
Wed Jul 24, 2019 6:30 pm
Forum: Non-US Investing
Topic: [EU] My portfolio manager passed away and I could really use advice how to proceed with my portfolio management
Replies: 44
Views: 2585

Re: [EU] Portfolio review, financial consultant passed away recently and I need to change my strategy

I put Bitcoin and gold in one category (non-producing assets you simply hope or fear will rise in value), and 20% is a bit high/speculative for that category in my view. Bitcoin could go to $100,000 or it could (more likely, in my view) fall to near zero, while gold could easily fall to and stay aro...
by QuantOfAsia
Mon Jul 15, 2019 9:05 pm
Forum: Non-US Investing
Topic: Is there any alternative option for CQQQ?
Replies: 2
Views: 312

Re: Is there any alternative option for CQQQ?

If you're not familiar with the individual names in an ETF, all all a sector ETF does is make it easier own a little bit in each of several companies you're not familiar with. If you're specifically interested in the sector, it might be worth taking the time to learn about the top 3-5 names in the s...
by QuantOfAsia
Sun Jul 14, 2019 8:02 pm
Forum: Non-US Investing
Topic: ESG funds domiciled in Ireland
Replies: 2
Views: 272

Re: ESG funds domiciled in Ireland

I second that iShares has some of the best selection of ESG UCITS ETFs, including "Screened" and "Enhanced" versions of many different universes (MSCI World, Emerging Markets, just US or Japan, etc.). I don't know how to post an image on this forum, but you can see a comparison of holdings of the MS...
by QuantOfAsia
Wed Jul 10, 2019 7:23 pm
Forum: Non-US Investing
Topic: index funds available for romanian citizens?
Replies: 13
Views: 5531

Re: index funds available for romanian citizens?

I thought Romanians could easily enough access UCITS ETFs listed in London or Frankfurt, where iShares, Vanguard, State Street, DWS, and Lyxor all have good, low cost, and world class ones. Can you open an interactive brokers account and fund it in a currency like EUR or USD? I don't know about rest...
by QuantOfAsia
Tue Jul 09, 2019 3:18 am
Forum: Non-US Investing
Topic: Investing for children [Hong Kong]
Replies: 6
Views: 811

Re: Investing for children [Hong Kong]

As far as I know, Hong Kong does not have a construct like UTMA / UGMA accounts specifically for children, but if you use Saxo HK, they allow you to open sub-accounts at no cost, and if they are in the same currency as your "parent" Saxo account, you can simply explain to them you want segregated su...
by QuantOfAsia
Tue Jul 02, 2019 12:22 am
Forum: Non-US Investing
Topic: how to deal with PFIC (Italian citizen, US resident)
Replies: 2
Views: 373

Re: how to deal with PFIC (Italian citizen, US resident)

There are several ways to solve the PFIC problem, depending on what kinds of investments back in Italy you are keen on holding on to. For most mutual funds, I find it easy enough to find a US equivalent as needed, otherwise, my own preference would be to directly own a select portfolio of the indivi...
by QuantOfAsia
Fri Jun 21, 2019 3:30 am
Forum: Non-US Investing
Topic: IB alternative
Replies: 4
Views: 835

Re: IB alternative

I also use Saxo alongside IB. Saxo uses HSBC and Citi London as their global custodians, so charge a 0.12%/year custody fee, but otherwise mostly happy with them. They're better for European bonds, but don't do US tax reporting or IRAs, so pick and balance accordingly.
by QuantOfAsia
Tue Jun 11, 2019 7:13 pm
Forum: Non-US Investing
Topic: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens
Replies: 14
Views: 1436

Re: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens

The simplest might be to name your American siblings as beneficiaries on the understanding that they pass it on to your Indian siblings. Even if there are no additional taxes, there is likely to be additional paperwork and hassle. It may also prove to be beneficial for them to roll into an inherite...
by QuantOfAsia
Mon Jun 10, 2019 6:16 pm
Forum: Non-US Investing
Topic: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens
Replies: 14
Views: 1436

Re: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens

as others have mentioned, the estate tax will be an issue for the beneficiaries of your beneficiaries when your beneficiaries die. but it is true that you should be thinking of this now, because it may take them time after your death to move the money out of the u.s., and if they die in the interim...
by QuantOfAsia
Mon Jun 10, 2019 6:09 pm
Forum: Non-US Investing
Topic: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens
Replies: 14
Views: 1436

Re: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens

The simplest might be to name your American siblings as beneficiaries on the understanding that they pass it on to your Indian siblings. Even if there are no additional taxes, there is likely to be additional paperwork and hassle. It may also prove to be beneficial for them to roll into an inherite...
by QuantOfAsia
Mon Jun 10, 2019 7:54 am
Forum: Non-US Investing
Topic: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens
Replies: 14
Views: 1436

Re: Estate Planning US Citizen Resident in US: Estate Beneficiaries Indian Citizens

Ted's right - estate tax is on the dead guy, not the heirs, so if you die American with less than the estate tax threshold at that time, you should be fine from that perspective. Under current law, beneficiaries of your inherited 401k can "stretch" it out and pay taxes annually on their RMDs, which ...
by QuantOfAsia
Thu Jun 06, 2019 7:00 pm
Forum: Non-US Investing
Topic: Investment Advice/ Risk assessment
Replies: 6
Views: 777

Re: Investment Advice/ Risk assessment

Hi I am wanting an investment/ risk checkup of my current investments and a rain-check of what I should be considering moving forward. Keeping in mind I am Hong Kong based and not a US citizen (so no capital gains tax, tax on dividends, etc...) I have converted all $ to USD for ease of the readers ...
by QuantOfAsia
Tue May 21, 2019 6:41 pm
Forum: Non-US Investing
Topic: Does this specific tax system make bonds slightly less appealing?
Replies: 20
Views: 1157

Re: Does this specific tax system make bonds slightly less appealing?

As you say, such a tax is the same whether your investments are low or high yielding, so are meant to encourage you to take risk and earn higher yields, somewhat like negative interest rates do. That's what I thought too. I don't know if Netherlands also taxes interest. No. Since as I understand it...
by QuantOfAsia
Tue May 21, 2019 6:36 pm
Forum: Non-US Investing
Topic: Estate Planning for US Citizen for Canadian citzen
Replies: 3
Views: 475

Re: Estate Planning for US Citizen for Canadian citzen

Form W-7 will get non-US relatives a tax ID number, but that itself is more of a US tax reporting issue than a probate solution. Putting real estate in a trust is one of the main ways to transfer to heirs outside of probate - the trust doesn't "die" like the settlor does, but rather directs benefits...
by QuantOfAsia
Tue May 21, 2019 8:04 am
Forum: Non-US Investing
Topic: Does this specific tax system make bonds slightly less appealing?
Replies: 20
Views: 1157

Re: Does this specific tax system make bonds slightly less appealing?

I'm not specifically familiar with Dutch tax, but it sounds like you are describing a wealth / property tax charged as a % of your assets on an annual basis. As you say, such a tax is the same whether your investments are low or high yielding, so are meant to encourage you to take risk and earn high...
by QuantOfAsia
Mon May 20, 2019 8:16 am
Forum: Non-US Investing
Topic: Leaving the country, to sign up for Fidelity or for Schwab
Replies: 6
Views: 1157

Re: Leaving the country, to sign up for Fidelity or for Schwab

I've found Schwab to be more explicitly foreign address friendly, though I prefer having accounts at both for free iShares in one account and many other free ETF trades in the other. I also find Fidelity's online experience better, though Schwab made it easy to open UTMA accounts for my kids, Fideli...
by QuantOfAsia
Tue May 14, 2019 1:27 am
Forum: Non-US Investing
Topic: Non US brokers available to Americans
Replies: 7
Views: 689

Re: Non US brokers available to Americans

I've found Singapore banks will open investment accounts for US persons, as will Saxo, though some will prohibit you from buying US securities in such accounts. I wouldn't recommend a US person buy non-US funds, both because of the punitive PFIC taxation, but also because there's generally a better,...
by QuantOfAsia
Thu May 09, 2019 7:04 pm
Forum: Non-US Investing
Topic: Torn between Bonds: VUCP.L and Vanguard U.K. Investment Grade Bond Index Fund - Income UK Investor
Replies: 21
Views: 1612

Re: Torn between Bonds: VUCP.L and Vanguard U.K. Investment Grade Bond Index Fund - Income UK Investor

If the primary reason you're buying a bond ETF is to earn some income while minimizing how much your investment fluctuates in the currency you spend, there's really no point buying foreign bonds with a slightly higher yield. If the currency moves 5-10% against you, will the extra 1-2% in yield have ...
by QuantOfAsia
Sun May 05, 2019 6:54 pm
Forum: Non-US Investing
Topic: UK SIPP Provider Recommendations?
Replies: 14
Views: 1964

Re: UK SIPP Provider Recommendations?

Watching this with interest - I've long wondered why UK SIPPs have remained so much more expensive than their IRA equivalents in the US, and would be keen to see whether the Vanguard SIPP bridges this.
by QuantOfAsia
Fri May 03, 2019 8:47 pm
Forum: Non-US Investing
Topic: gold etf
Replies: 7
Views: 1230

Re: gold etf

The US-domiciled SPDR gold trust is listed on exchanges outside the US, for example in Hong Kong: https://www.hkex.com.hk/Market-Data/Securities-Prices/Exchange-Traded-Products/Exchange-Traded-Products-Quote?sym=2840&sc_lang=en Not sure about cheaper options on non-US / non-AU exchanges, but gold ET...
by QuantOfAsia
Thu May 02, 2019 3:17 am
Forum: Non-US Investing
Topic: iShares World Small Cap ETF vs. Vanguard Global Small Cap fund. Which one would you choose?
Replies: 13
Views: 1487

Re: iShares World Small Cap ETF vs. Vanguard Global Small Cap fund. Which one would you choose?

Non-exchange traded mutual funds often have different share classes with different minimums and different fee/expense ratios, and I have seen share classes with minimums as high as 200 million per investor, intended for large institutional investors of course. One reason I prefer exchange traded fun...
by QuantOfAsia
Wed May 01, 2019 7:55 pm
Forum: Non-US Investing
Topic: iShares World Small Cap ETF vs. Vanguard Global Small Cap fund. Which one would you choose?
Replies: 13
Views: 1487

Re: iShares World Small Cap ETF vs. Vanguard Global Small Cap fund. Which one would you choose?

If you've already narrowed down that you want a low-cost global small cap UCITS fund, it's hard to go wrong with any of the big three. In addition to iShares and Vanguard, I'd also add this SPDR State Street one (this is the USD version, but believe they also have one in EUR): https://www.londonstoc...
by QuantOfAsia
Sun Apr 28, 2019 7:14 pm
Forum: Non-US Investing
Topic: Anyone familiar with Irish/US tax law for dual Irish/American citizen couple retiring in Ireland?
Replies: 14
Views: 1560

Re: Anyone familiar with Irish/US tax law for dual Irish/American citizen couple retiring in Ireland?

The US-Ireland tax treaty will probably play a big role in your tax planning: https://www.irs.gov/businesses/international-businesses/ireland-tax-treaty-documents Many European funds that invest in the US are domiciled in Ireland, in part because of its favorable corporate / fund taxation and strong...
by QuantOfAsia
Tue Apr 23, 2019 11:11 pm
Forum: Non-US Investing
Topic: Distributing U.S. IRAs to U.S. and Canadian Beneficiaries
Replies: 4
Views: 807

Re: Distributing U.S. IRAs to U.S. and Canadian Beneficiaries

Excellent thread - this is a growing problem as more of us have retirement accounts across borders.
by QuantOfAsia
Tue Apr 23, 2019 10:55 pm
Forum: Non-US Investing
Topic: 250k investing sum and no idea what to do with it. [Singapore]
Replies: 15
Views: 1767

Re: 250k investing sum and no idea what to do with it. [Singapore]

Thank you for sharing - you've come to the right forum of investors who know / believe that 3% up-front plus 1.48%/year is VERY EXPENSIVE for basic funds without much additional service. As a benchmark, world-class ETFs or index funds (even with some enhancements) can cost less than 0.2 - 0.3%/year,...
by QuantOfAsia
Mon Apr 15, 2019 8:28 pm
Forum: Non-US Investing
Topic: Vanguard US or Australia
Replies: 7
Views: 770

Re: Vanguard US or Australia

US taxpayers investing in Aussie funds are likely to face PFIC tax issues; I'm not not aware of any similar issues with Aussies buying US funds, though believe you have some reporting and tax requirements if you are an Aussie resident. Vanguard AU has some AUD bond and AUD-hedged stock ETFs I haven'...
by QuantOfAsia
Mon Apr 15, 2019 8:09 pm
Forum: Non-US Investing
Topic: Investment Planning [Germany ex-pat in US]
Replies: 5
Views: 676

Re: Investment Planning [Germany ex-pat in US]

Dear Morgi87, Sounds like an exciting though complex set of "good choices" ahead of you whether to spend more of your future in the US vs Germany vs elsewhere. The good news is that US 401(k) plans are some of the best and most cost effective retirement structures on the planet. If you do go back to...
by QuantOfAsia
Mon Apr 15, 2019 3:27 am
Forum: Non-US Investing
Topic: New to investing from Latvia
Replies: 15
Views: 1263

Re: New to investing from Latvia

Hello, I am new to investing, but been rather frugal all along. So now I have saved about 100K EUR free cash. Currently it is in deposits with 1,1% annual rate. Seems that putting that to work in stock market is a good idea. But I am rather worried about doing an investment now. I have checked Shil...
by QuantOfAsia
Mon Apr 15, 2019 3:19 am
Forum: Non-US Investing
Topic: Expat friendly brokerages as of April 2019?
Replies: 15
Views: 2757

Re: Expat friendly brokerages as of April 2019?

At what point are you considered an expat? If you're traveling the world, slowly, 2 mos. here 3 most there, is that considered an expat? And if you are an expat, why not just maintain a US address and phone number? Even without an address, a number of states will aggressively consider you a residen...
by QuantOfAsia
Sun Apr 14, 2019 9:02 pm
Forum: Non-US Chapters
Topic: Bogleheads event / conference in Asia? [Hong Kong]
Replies: 1
Views: 667

Bogleheads event / conference in Asia? [Hong Kong]

Greetings from Hong Kong! I finally got around to registering for this forum after seeing the San Antonio chapter organize this event with the legendary Rick Ferri: https://twitter.com/Rick_Ferri/status/1117174315743629312 I did a quick search and noticed there were over 700 threads in this forum me...
by QuantOfAsia
Sun Apr 14, 2019 8:58 pm
Forum: Non-US Investing
Topic: [US/AT] Investing as a dual citizen despite PFIC & PRIIPs
Replies: 3
Views: 595

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

Dear WowWhatALifeUSAT, While being an American (taxable on our worldwide income and subject to PFIC rules) and an EU resident (PRIIPs rules) seems complicated, if I were you I would try and look for the simplest compliant solution. According to the IRS's own old statistics, there were over 1,400 for...
by QuantOfAsia
Sun Apr 14, 2019 8:34 pm
Forum: Non-US Investing
Topic: Expat friendly brokerages as of April 2019?
Replies: 15
Views: 2757

Re: Expat friendly brokerages as of April 2019?

I've heard Schwab has a list of countries whose residents they will open accounts for (e.g. China, Hong Kong, UK), and countries whose residents they will not open accounts for (a list I heard currently includes Singapore and France, among other countries), and may close your account if you move, th...
by QuantOfAsia
Sun Apr 14, 2019 8:30 pm
Forum: Non-US Investing
Topic: Morgan Stanley closure of non US account - UK investment
Replies: 3
Views: 523

Re: Morgan Stanley closure of non US account - UK investment

Seems like a popular enough topic we should have a green list of brokers that maintain accounts for US expats and a red list for those that don't. I've recently confirmed Schwab is still on the "green list", along with a few others, but would like to see a longer list.
by QuantOfAsia
Sun Apr 14, 2019 8:27 pm
Forum: Non-US Investing
Topic: International broker for index funds?
Replies: 5
Views: 704

Re: International broker for index funds?

The two best "global brokers" I've found so far are Interactive Brokers and Saxo, both of which can open accounts for residents of many different countries, and both of which give access to Vanguard and other index ETFs listed in London and other exchanges. Saxo's 12bp custody is enough to steer the...
by QuantOfAsia
Sun Apr 14, 2019 8:22 pm
Forum: Non-US Investing
Topic: Alternatives to IB?
Replies: 8
Views: 1711

Re: Alternatives to IB?

Interactive Brokers and Saxo are the two based "global brokerage" platforms to use in my opinion, and Saxo's custody fee may be worth it for the peace of mind of the external custodian (they use Citi as global custodian for securities). In Hong Kong, you can also open an individual account directly ...