Search found 588 matches

by glorat
Fri Jul 10, 2020 7:05 pm
Forum: Non-US Investing
Topic: New Singaporean (26) Investor seeking portfolio advise
Replies: 5
Views: 320

Re: New Singaporean (26) Investor seeking portfolio advise

I agree with everything above! Debt: Tuition Fee Loan 87k at 4.75% pa That's a high interest rate, much higher than bonds... I'd pay that off if at all possible. 2. I am thinking of investing $500 into the roboadvisor monthly and saving up another $500 monthly to invest into this self managed portfo...
by glorat
Thu Jul 09, 2020 11:54 pm
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

Re: What picture can paint a thousand Bogle words?

Does that include both active and indexed large-cap funds? From SPIVA: Clean universe: The mutual fund universe used in these reports comprises actively managed domestic U.S. equity funds. Index funds, sector funds, and index-based dynamic (bull or bear) funds are excluded from the sample. To avoid...
by glorat
Thu Jul 09, 2020 10:02 pm
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

Re: What picture can paint a thousand Bogle words?

Curating another great graph posted from the community. Original source is from the Vanguard blogs
andrew99999 wrote:
Thu Jul 09, 2020 10:31 am
Ivan199011 wrote:
Thu Jul 09, 2020 9:06 am
Maybe you are right, but ive always thought of US as a best country to invest your money, their economy is stronger the EU in my opinion
It depends on the time period.

Image
by glorat
Thu Jul 09, 2020 9:13 pm
Forum: Non-US Investing
Topic: New UK Investor
Replies: 4
Views: 317

Re: New UK Investor

I was hoping Vanguard UK would have the beloved VTSAX to save the having to spend hours reading as it's all new to me. You've probably been reading all these US centric sources and websites. What they don't mention is that the US persons have tax advantage in biasing themselves to US investments (0...
by glorat
Thu Jul 09, 2020 4:17 am
Forum: Non-US Investing
Topic: British expat in China advice
Replies: 4
Views: 496

Re: British expat in China advice

I will get a Chinese pension with my new job, but I've not had one before. Are you sure? Unless you've got some green card equivalent or hukou, my understanding is that foreigners to China pay a reduced rate of "national insurance" because you don't get all the local Chinese benefits like pensions....
by glorat
Mon Jul 06, 2020 9:52 pm
Forum: Non-US Investing
Topic: Owning rentals in the UK?
Replies: 10
Views: 748

Re: Owning rentals in the UK?

borbekk wrote:
Mon Jul 06, 2020 6:20 pm
Which company you use that provides the service of maintaining your place?
I think almost every major rental real estate agent will offer this service in the UK.
by glorat
Mon Jul 06, 2020 2:03 am
Forum: Non-US Investing
Topic: Owning rentals in the UK?
Replies: 10
Views: 748

Re: Owning rentals in the UK?

I still own my UK rental which I deal with from abroad. I pay full commissions+management fees to allow me to almost essentially close my eyes and let them deal with everything. Market rate for such a service has been 10-15% of the rental amount. Even after that whopping fee and the various expenses...
by glorat
Mon Jul 06, 2020 1:52 am
Forum: Non-US Investing
Topic: [UK] Transaction costs? Rebalancing? + portfolio review
Replies: 4
Views: 285

Re: [UK] Transaction costs? Rebalancing? + portfolio review

Here's an idea for the Halifax ShareDealing portion. Use 2 funds - something like - Vanguard FTSE Global All Cap Index Fund (aka global equities) - Vanguard Global Bond Index Fund - Hedged Income (GBP) - (aka global bonds) Decide on your asset allocation between them. Every month when you invest jus...
by glorat
Thu Jun 25, 2020 5:19 am
Forum: Non-US Investing
Topic: Worry about low volume of VHVE + VFEA
Replies: 17
Views: 1073

Re: Worry about low volume of VHVE + VFEA

Suppose you have $10,000 to invest today for 20 years (still 5% CAGR) but you spend your efforts on reducing fund costs by reducing your withholding taxes. E.g. switching to a developed world fund (e.g. VDEV) with a 0.13% TER and a lower withholding tax rate (I forget how much exactly). Let's say i...
by glorat
Wed Jun 24, 2020 1:39 am
Forum: Non-US Investing
Topic: Worry about low volume of VHVE + VFEA
Replies: 17
Views: 1073

Re: Worry about low volume of VHVE + VFEA

Thanks so much for your useful input. I understand that the TER matters the most in the long run, but when it comes to investing regularly i.e. buying every month and holding for the next 10-20 years, I'm afraid that the spread might eat up my returns more than it should. How often you invest doesn...
by glorat
Tue Jun 23, 2020 10:44 pm
Forum: Non-US Investing
Topic: Worry about low volume of VHVE + VFEA
Replies: 17
Views: 1073

Re: Worry about low volume of VHVE + VFEA

will the lowest TER outwin the spread ? On this single point alone, yes almost certainly. Spread is a one-off cost you'll cross once in your lifetime (assuming you buy and hold and stay the course, and don't rebalance often). The TER is something that will annually hit you year and year and have an...
by glorat
Sun Jun 21, 2020 2:00 am
Forum: Investing - Theory, News & General
Topic: Are all Structured Notes Bad?
Replies: 30
Views: 1731

Re: Are all Structured Notes Bad?

What am I missing that would make this a bad idea? Does anyone know how I can recreate the structure of this note on my own? Talzara has addressed the details for THIS note, but at a slightly higher level you need to understand that the issuers of these things are NOT assuming any market risk. Inst...
by glorat
Sat Jun 20, 2020 10:04 am
Forum: Non-US Investing
Topic: Comparing VWRA with IWDA+EMIM combination
Replies: 28
Views: 7927

Re: Comparing VWRA with IWDA+EMIM combination

Ubersetzer wrote:
Wed Jun 03, 2020 7:11 pm
(iii) yearly balancing

IDWA (87%) + EMIM (13%)
Yearly balancing of what? The benchmarks are market cap weighted so you should actually let the ratios float up and down as their value changes. That gets the comparison more fair. (Probably won't change any result much though)
by glorat
Sat Jun 20, 2020 6:34 am
Forum: Investing - Theory, News & General
Topic: High inflation and real stock market return
Replies: 18
Views: 1699

Re: High inflation and real stock market return

In 1966-1984 the United States experienced a period of high inflation ( not hyperinflation) during which stocks earned a very slightly negative real return. Just to expand on sources for the same, I've seen this chart https://i.imgur.com/Lfz641C.png It is worth reminding these are all log scale cha...
by glorat
Fri Jun 19, 2020 10:54 pm
Forum: Non-US Investing
Topic: (Beginner) 28 Hong Kong invest into US: seeking advice
Replies: 6
Views: 581

Re: (Beginner) 28 Hong Kong invest into US: seeking advice

I can't find VUSD in Charles Schwab. Because Charles Schwab has only US ETF? (I have invested all my funds into Charles Schwab.) Trading costs are high in Hong Kong. That's why i choose Charles Schwab to trading. (no trading fee) US Brokers like Charles Schwab are more catered to US investors who h...
by glorat
Fri Jun 19, 2020 4:53 am
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

Re: What picture can paint a thousand Bogle words?

Request to the community... and pictures/graphs/slide that would show how where fees are taken away? The average person doesn't understand the distinction between - Financial advisor/wealth manager - Broker - ETF/Fund - Governments each of which takes their own fee/tax. Bogleheads would seek to mini...
by glorat
Thu Jun 18, 2020 8:11 am
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

Re: What picture can paint a thousand Bogle words?

I'm trying to find a chart that represents the total global capital market portfolio of liquid securities. I saw one once on the forum but this is the best I could find elsehwere. Can anyone do better? https://i1.wp.com/cutthecrapinvesting.com/wp-content/uploads/2019/06/global-market-portfolio.png?w...
by glorat
Thu Jun 18, 2020 4:21 am
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

Re: What picture can paint a thousand Bogle words?

And here is another favourite I finally dug up again!

Inflation adjusted returns across two centuries. It is something that would belong in this awesome JCollins article: https://jlcollinsnh.com/2012/04/19/stoc ... s-goes-up/

Image
by glorat
Mon Jun 15, 2020 7:09 pm
Forum: Non-US Investing
Topic: Vanguard ETF
Replies: 12
Views: 1760

Re: Vanguard ETF

Just wondering why Vanguard FTSE Developed World UCITS ETF has such a low appeal compared to others by Total Assets: FTSE Developed World UCITS ETF $536.4 M cost 0.12% FTSE All-World UCITS ETF $5.3 B 0.22% FTSE Emerging Markets UCITS ETF $1.8 B 0.22% FTSE Japan UCITS ETF $1.7 B 0.15% S&P 500 UCITS ...
by glorat
Mon Jun 15, 2020 12:52 am
Forum: Non-US Investing
Topic: ETFs vs non-ETFs in UK SIPP
Replies: 6
Views: 415

Re: ETFs vs non-ETFs in UK SIPP

This is the one I'm currently using... Vanguard FTSE Global All Cap Index Fund https://www.fidelity.co.uk/factsheets/?id=F00000XXVS&idCurrencyId=&idType=msid&marketCode= ... Or one that has some emerging markets in it such as... Just to point out that I'm pretty sure that the Vanguard FTSE Global A...
by glorat
Mon Jun 15, 2020 12:49 am
Forum: Non-US Investing
Topic: My first portfolio - seeking advice [expat resident in Philippines]
Replies: 8
Views: 617

Re: My first portfolio - seeking advice [expat resident in Philippines]

It seems the major point of this portfolio strategy is to minimise dividend withholding taxes by using synthetics. Given that this is the point, I think the whole thing has been well thought through, assuming the risks of using synthetics are fully understood. I certainly wouldn't advise others to d...
by glorat
Sat Jun 13, 2020 11:02 pm
Forum: Non-US Investing
Topic: Possible to work out my life returns?
Replies: 17
Views: 856

Re: Possible to work out my life returns?

Can you explain why you think that? Simple example. Over 10 years I invested 10k. The account value is 20k. I am saying that you made 10k investing and your return is ~7%. Explain to me why either of those numbers would change if I invested 10k in year one or if I invested 1k/year for 10 years. Tim...
by glorat
Sat Jun 13, 2020 8:38 pm
Forum: Non-US Investing
Topic: Easy to change my mind [UK]
Replies: 26
Views: 1401

Re: Easy to change my mind [UK]

1. The first book that I read was The Simple Path to Wealth by JL Collins, which I think promotes the same idea of index fund investment. It is mainly for US investors, Excellent book and congratulations for basing your thoughts on a great source. He also started me on the right path. As you note, ...
by glorat
Sat Jun 13, 2020 9:17 am
Forum: Non-US Investing
Topic: Possible to work out my life returns?
Replies: 17
Views: 856

Re: Possible to work out my life returns?

Why do you need anything more than money saved and current value? Unless you want to see yearly gains, does timing really matter? Now what that will not let you do is see what would have happened if you just bought total stock market throughout your investing career. That has a very time sensitive ...
by glorat
Sat Jun 13, 2020 9:10 am
Forum: Non-US Investing
Topic: US stock tilt for European investors
Replies: 22
Views: 1084

Re: US stock tilt for European investors

The ongoing cost of the S&P500 fund is only 0.07% whilst the other two (VWRL & VEVE) are 0.22% and 0.12% which was another factor to consider. Warren Buffet has dictated that his money is to go into the Vanguard S&P500 fund for his wife and if it's good enough for him it's good enough for me Warren...
by glorat
Sat Jun 13, 2020 8:41 am
Forum: Non-US Investing
Topic: Possible to work out my life returns?
Replies: 17
Views: 856

Re: Possible to work out my life returns?

I have never tracked my returns, and I don’t think it’s possible to do it now. It’s frustrating me because I’m wondering how much of my networth is from investment gains and how much from saving. Well I built myself an entire app just for trying to working that out because I was super curious. I ho...
by glorat
Sat Jun 13, 2020 5:10 am
Forum: Non-US Investing
Topic: Any reason to go with VUAA (instead of CSPX)?
Replies: 11
Views: 834

Re: Any reason to go with VUAA (instead of CSPX)?

Thanks glorat. I have been back through some of your previous posts and understand the number. Apologies for not finding the reference originally. Not at all, it's not obvious information and my posts on this are scattered around. It's on my todo wishlist to consolidate all the expenses and referen...
by glorat
Sat Jun 13, 2020 4:42 am
Forum: Non-US Investing
Topic: Hedging equities?
Replies: 35
Views: 2149

Re: Hedging equities?

But I'm still holding an investment that fluctuates in value based upon the value of GBP. eg right now at $1.255 USD per GBP, I have $150k.....but if GBP was still $1.70, this holding would be around $200k. Just to reiterate Ted's accurate reply, no this doesn't happen. Let's say you are holding gl...
by glorat
Sat Jun 13, 2020 3:45 am
Forum: Investing - Theory, News & General
Topic: Historical Country Market Cap Weightings per year?
Replies: 1
Views: 183

Re: Historical Country Market Cap Weightings per year?

The official answer is probably scraping the history of the FTSE All Share index... but in absence of that. here's one the community did earlier https://www.bogleheads.org/blog/wp-content/uploads/2017/02/23g2qerh.jpg ref: https://www.bogleheads.org/blog/2020/03/02/50-years-of-investing-in-the-world-...
by glorat
Sat Jun 13, 2020 2:17 am
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

Re: What picture can paint a thousand Bogle words?

The JCollins website is full of gems. Including this about market timing http://jlcollinsnh.com/wp-content/uploads/2017/02/Buying-stocks.jpg Here's my personal reason why I believe in international diversification over overweighting successful countries.regions https://www.bogleheads.org/blog/wp-con...
by glorat
Sat Jun 13, 2020 2:10 am
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

Re: What picture can paint a thousand Bogle words?

Spending some time curating some more favourites... https://i.postimg.cc/RVqcVt2P/image.png credit: Michael Batnick The Irrelevant Investor Know your asset allocation and what your individual portfolio amounts will do not only in periods of bull markets, but also what the allocation and amounts will...
by glorat
Fri Jun 12, 2020 8:22 pm
Forum: Non-US Investing
Topic: Easy to change my mind [UK]
Replies: 26
Views: 1401

Re: Easy to change my mind [UK]

UK all-share 10% developed world ex UK 5% US equity index 65% bond (20%) At the same time, my husband is holding the same amount all in FTSE global all-cap (which follows FTSE Allshares). I don't know whether this is a symptom of others too? Or should I just stick to some rational I've done before,...
by glorat
Thu Jun 11, 2020 8:59 am
Forum: Non-US Investing
Topic: TWR and TER for Irish domicile funds?
Replies: 1
Views: 186

Re: TWR and TER for Irish domicile funds?

TWR = (YIELD × L1TW) + ((YIELD × (1 - L1TW) - TER ) × L2TW) Where the TER is subtracted from the L2TW yield multiplier component, I understand from the notes that this is because: Some countries allow funds to subtract the fund's TER before paying the dividends, some don't. Please review the taxati...
by glorat
Thu Jun 11, 2020 12:04 am
Forum: Non-US Investing
Topic: Any reason to go with VUAA (instead of CSPX)?
Replies: 11
Views: 834

Re: Any reason to go with VUAA (instead of CSPX)?

This pales in comparison to the explicit (0.07%) and hidden (0.35%) annual fees involved in running this fund. On that basis, I'm against non-US investors buying UCITS S&P500 Irish ETFs because their total fees are higher than the all world equivalents will being less diverse than an all world ETF....
by glorat
Fri Jun 05, 2020 8:54 am
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

Re: What picture can paint a thousand Bogle words?

sean.mcgrath wrote:
Fri Jun 05, 2020 8:52 am
I can't find it quickly on this computer, but I've always found Bogle's graph of the amount of returns eaten up by investor fees to be very useful.
Hah... that was the exact example of the graph I wanted to pull up over lunch one day but couldn't find...
by glorat
Fri Jun 05, 2020 8:49 am
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

Re: What picture can paint a thousand Bogle words?

As an example, to add some of my favourites From: https://www.callan.com/periodic-table/ to highlight the case for diversification https://s.yimg.com/uu/api/res/1.2/JAQu7jquhhwJxUceMh1h9Q--~B/aD01OTE7dz05Nzc7c209MTthcHBpZD15dGFjaHlvbg--/http://media.zenfs.com/en-US/homerun/harvest_exchange_408/47ba2...
by glorat
Fri Jun 05, 2020 8:44 am
Forum: Investing - Theory, News & General
Topic: What picture can paint a thousand Bogle words?
Replies: 36
Views: 4266

What picture can paint a thousand Bogle words?

There's so much great information in the wiki and in this forums. It's great we have collated quotes particularly from Taylor Larimore that have experts giving small gems of advice in https://www.bogleheads.org/forum/viewtopic.php?f=10&t=88005 But if I wanted to visually show the principles of Bogle...
by glorat
Thu Jun 04, 2020 9:15 am
Forum: Non-US Investing
Topic: UK looking for bond fund
Replies: 29
Views: 1492

Re: UK looking for bond fund

Both are sensible choices. The most important difference between the two is "credit risk". UK government bonds are considered very safe bonds so their value tends to be stable but they yield less. The global bond fund includes bonds from riskier governments and corporates who are at risk of defaulti...
by glorat
Wed Jun 03, 2020 7:24 pm
Forum: Investing - Theory, News & General
Topic: Foresight question: did YOU make a killing on NECCO Sweethearts candy?
Replies: 51
Views: 6264

Re: Foresight question: did YOU make a killing on NECCO Sweethearts candy?

Darn it! Missed another "gift horse" buying opportunity! As for me, I'm "long" Kit-Kats. I have boxes and boxes stowed in my garage - just waiting for the chance to sell at a huge profit. It may be a long wait ..... And of course in the summer the chocolate will melt :( This comment reminds me of a...
by glorat
Tue Jun 02, 2020 10:40 am
Forum: Non-US Investing
Topic: Chinese Bond Exposure
Replies: 22
Views: 1148

Re: Chinese Bond Exposure

I believe holding a diversified (in currency, debtor, duration, etc.) bond portfolio is important from a risk perspective. It's not facile (or critically important) to get the currency weightings exact, but an investor can do much better than investing 100% in USD bonds. I happen to agree with this...
by glorat
Tue Jun 02, 2020 10:29 am
Forum: Non-US Investing
Topic: Chinese Bond Exposure
Replies: 22
Views: 1148

Re: Chinese Bond Exposure

The cost of hedging for Ireland Vanguard's World Bond ETF is 0.15%. iShares probably close. Good points made regarding the spreads etc. I'd like to own some RMB bonds to diversify our 100% USD FI allocation. We will watch and wait. Serious question though... how would you sell your RMB bonds to get...
by glorat
Tue Jun 02, 2020 5:24 am
Forum: Non-US Investing
Topic: Chinese Bond Exposure
Replies: 22
Views: 1148

Re: Chinese Bond Exposure

Correct. But holding that RMB bond ETF hedged to USD is the next best thing. AFAIK a foreign investor cannot "hold" Renimbi - it is a controlled currency? You can have RMB in a Chinese bank account, in China. But then of course you cannot freely exchange it for USD or whatever. Same for an RMB bond...
by glorat
Mon Jun 01, 2020 7:50 pm
Forum: Investing - Theory, News & General
Topic: Should one permanently reduce REITs/RE because of COVID-19?
Replies: 18
Views: 2322

Re: Should one permanently reduce REITs/RE because of COVID-19?

fatFIRE wrote:
Sun May 31, 2020 1:23 pm

I'm now considering if it makes sense to reduce REITs/RE in my portfolio, which currently stands at 8% total to perhaps 0-4%.
I would reduce my REIT proportion from 8% to 4% if they have fallen by 50% during that period.

I use a market cap weighted strategy to implement this!

:sharebeer
by glorat
Mon Jun 01, 2020 2:25 am
Forum: Non-US Investing
Topic: [How can I invest in a fund which tracks the S&P 500 in US$?]
Replies: 4
Views: 525

Re: [How can I invest in a fund which tracks the S&P 500 in US$?]

Resident mostly in Peru, South America, but spend some time in the UK (I´m a British born, British Passport Holder). I´d like 70% asset allocation in Stocks wit 30% remaining in cash. Of the 70%, I would like approx. 70% invested in the S&P 500 index in a tracker if possible, if not, in ETF´s, a fu...
by glorat
Thu May 28, 2020 9:04 pm
Forum: Non-US Investing
Topic: Vanguard All World ETFs
Replies: 18
Views: 2705

Re: Vanguard All World ETFs

Koreskalp wrote:
Wed May 27, 2020 1:38 pm
For the eurozone, should people invest in the VWRP (GBP) or in the VWCE (EUR)?
Whichever will incur you the lowest fx conversion fees
by glorat
Wed May 27, 2020 9:40 am
Forum: Non-US Investing
Topic: 20-year-old, Investment advice [UK]
Replies: 36
Views: 1577

Re: 20-year-old, Investment advice [UK]

So, do you think currency risk is a big thing then? So, you're saying that even if the S&P 500 grew at a greater return than the FTSE 100, it would be worthwhile to have an ETF in the FTSE 100 because of the currency risk? Surely over time currency risk becomes obsolete? Currency risk can be a big ...
by glorat
Tue May 26, 2020 11:22 pm
Forum: Non-US Investing
Topic: Vanguard All World ETFs
Replies: 18
Views: 2705

Re: Vanguard All World ETFs

Assuming I buy VWRD/VWRA shares once every month, when is it better to buy? Like beginning, middle or end of the month, particular time of the day, before dividend ex-date etc? In terms of day... "as soon as possible". I.e. when you get your pay-check. Time in the market beats timing the market. In...
by glorat
Mon May 18, 2020 2:55 am
Forum: Non-US Investing
Topic: The Mighty USD
Replies: 58
Views: 4509

Re: The Mighty USD

Any guesses on whether the USD will continue stronger or weaker over the next 10 years? Hi Galeno, No one knows, of course... This thread still seems to believe nobody knows. I really don't think this true and I'm willing to put my money where my mouth is. I predict that the GBP/USD rate will go fr...
by glorat
Sun May 17, 2020 7:51 pm
Forum: Non-US Investing
Topic: Vanguard ETF
Replies: 12
Views: 1760

Re: Vanguard ETF

Fay313 wrote:
Sun May 17, 2020 3:10 pm
Due to the PRIIPs (Packaged Retail Investment and Insurance-based Products Regulation) I am not able to buy VG ETF in my home country.

In which country can I buy VG ETF?
It depends on your home country / tax residency