Search found 153 matches

by Schlabba
Thu Nov 21, 2019 2:54 pm
Forum: Non-US Investing
Topic: Investment Advice and Portfolio Check
Replies: 6
Views: 438

Re: Investment Advice and Portfolio Check

My plan now is to go with: IS3N: iShares Core MSCI EM IMI UCITS ETF USD (Acc), 0.2% TER EUNL: iShares Core MSCI World UCITS ETF, 0.18% TER Any issues with those two? Great choice. Look at my signature :D Another point in my portfolio I am trying to resolve is whether I should sell some ETFs I bough...
by Schlabba
Wed Nov 20, 2019 3:54 pm
Forum: Non-US Investing
Topic: China or Asia Technology ETFs
Replies: 3
Views: 261

Re: China or Asia Technology ETFs

dulac wrote:
Wed Nov 20, 2019 6:16 am
2) What ETFs do you suggest for: Asia + Tech + mid or large-cap ?
I wouldn't recommend any and instead accept total market returns. What is your reason for wanting such a thing?
by Schlabba
Wed Nov 20, 2019 3:33 pm
Forum: Non-US Investing
Topic: Investment Advice and Portfolio Check
Replies: 6
Views: 438

Re: Investment Advice and Portfolio Check

Good Morning, I would really appreciate some advice on my portfolio plans. I am currently located in a central european country but have my portfolio through a norwegian broker, where I have lived the past years. Here are my current assets: €200.000 Flat in a european city (no mortgage) €140.000 In...
by Schlabba
Wed Nov 13, 2019 2:47 pm
Forum: Non-US Investing
Topic: How to buy a few thousand shares of VWCE?
Replies: 6
Views: 723

Re: How to buy a few thousand shares of VWCE?

Looking at IB's trading data I noticed that the daily trading volume for the Euro version (VWCE) is seldom over a thousand shares. Should I place multiple orders of a few hundred shares each? Or maybe I should exchange my Euros into USD and buy the USD version (VWRA)? Also, this is a historical mar...
by Schlabba
Wed Nov 13, 2019 1:20 pm
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 101
Views: 6156

Re: If you were forced to pick an alternative asset...

Most people are treating your question as a joke, but I think it deserves a serious answer. Stocks and bonds is great but I think it’s prudent, if for nothing but your ability to sleep at night, to invest at least 20% of your assets in alternative assets. You want assets that most importantly won’t...
by Schlabba
Tue Nov 12, 2019 9:12 am
Forum: Investing - Theory, News & General
Topic: Rich people are hoarding cash
Replies: 153
Views: 23246

Re: Rich preparing for market drop

Such a nonsense article. Typical fear mongering. First: "Some of the World’s Richest Brace for a Major Stock Sell-Off" Then: "Wealthy people around the globe are hunkering down for a potentially turbulent 2020" When they finally get to some more specifics: "and 55% think there will be a significant ...
by Schlabba
Mon Nov 11, 2019 7:40 am
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 101
Views: 6156

Re: If you were forced to pick an alternative asset...

bloom2708 wrote:
Mon Nov 11, 2019 7:33 am
Focus internally.

Health, wellness, fitness.

Example: switch to a whole food, plant based lifestyle.

Spend all your free energy on positive change for yourself.
Whats the expected ROI on eating plants?
by Schlabba
Sun Nov 10, 2019 6:16 am
Forum: Investing - Theory, News & General
Topic: If you were forced to pick an alternative asset...
Replies: 101
Views: 6156

Re: If you were forced to pick an alternative asset...

You could buy a pub/icecream salon/other small company and pay a manager to manage it for you.

I always imagined my retirement to be drinking in my own pub until my manager cuts me off. :sharebeer
by Schlabba
Sat Nov 09, 2019 9:28 am
Forum: Non-US Investing
Topic: S&P500 52 week high, Hold, DCA, or Invest lump sums
Replies: 13
Views: 1046

Re: S&P500 52 week high, Hold, DCA, or Invest lump sums

Hi, I seek some guidance from more experienced investors around investing lump sums in these times. I understand that as Bogleheads we are not trying to time the market. Noticing the trends where S&P500 seems be hitting new highs, is this potentially "a more risky" time to invest than other times? ...
by Schlabba
Fri Nov 08, 2019 4:56 pm
Forum: Personal Finance (Not Investing)
Topic: Sell equities to pay down mortgage
Replies: 22
Views: 1927

Re: Sell equities to pay down mortgage

My idea all along, over the last few years, up until I posted this thread, was: -Pay no additional principal on the mortgage and instead invest in taxable. -In 10 or 20 years or whenever, when the market is presumably higher than it is today, I will have the option of locking in equity gains to pay...
by Schlabba
Fri Nov 08, 2019 3:12 pm
Forum: Personal Investments
Topic: Out of my current stocks, what should I buy/sell?
Replies: 4
Views: 470

Re: Out of my current stocks, what should I buy/sell?

Sell all and buy an index fund.
by Schlabba
Tue Nov 05, 2019 2:47 pm
Forum: Investing - Theory, News & General
Topic: Do you invest in Real Estate ? Why ?
Replies: 142
Views: 19146

Re: Do you invest in Real Estate ? Why ?

With how hot REITs have been, I have officially made a horrible investment DIY landlording. So not worth it for the returns. I burned an entire weekend fixing this and that for a Tennant that just moved in. I hired cleaners, but they neglected to clean the oven and a few other things that led to ho...
by Schlabba
Fri Nov 01, 2019 10:38 am
Forum: Non-US Investing
Topic: Vanguard global bond fund lists 1.5% as effective YTM. What does that imply?
Replies: 23
Views: 2102

Re: Vanguard global bond fund lists 1.5% as effective YTM. What does that imply?

iShares IEAG (aggregate EU bonds) Weighted Av YTM 0,11%. TER 0.25% Securities lending return 0,02% Future expected return: about -0,12% Is this correct? Pretty much. If interest rates change or if there is a "flight to safety" returns might be different. But it is a reasonable starting point. Also ...
by Schlabba
Thu Oct 31, 2019 1:32 pm
Forum: Non-US Investing
Topic: [Israel] Investment plan questions
Replies: 15
Views: 1132

Re: [Israel] Investment plan questions

I'm new to the forum and to investing. I'm learning the subject for few months. We are a couple about 30 years old. With no children for now, maybe next year. Our goal is to be able to be financial independent or partially independent in 25 years. Currently we save about 50% of our income. Welcome!...
by Schlabba
Wed Oct 30, 2019 1:36 pm
Forum: Non-US Investing
Topic: To Invest In US Stocks or Not (Maybe immigrating)
Replies: 1
Views: 175

Re: To Invest In US Stocks or Not (Maybe immigrating)

Hello, The great benefit of ETF's is that they are liquid. So investing in either the one or the other fund is not a problem at all. The only thing important here is taxes. If you keep your non-US based investments after moving to the US, howmuch tax would you pay? If you were to sell your investmen...
by Schlabba
Tue Oct 29, 2019 3:36 pm
Forum: Non-US Investing
Topic: 20 year old new investor.
Replies: 11
Views: 818

Re: 20 year old new investor.

Riftus wrote:
Tue Oct 29, 2019 3:08 pm

Simply put, am I going wrong somewhere or does this seem like a logical portfolio?
Nope, looks great. I wish I started when I was 20!
by Schlabba
Sun Oct 27, 2019 11:15 am
Forum: Non-US Investing
Topic: Worth it investing in the US stockmarket for foreigner?
Replies: 6
Views: 514

Re: Worth it investing in the US stockmarket for foreigner?

Would it even be worth going through all that hassle when i can get 10-14% returns in my country? Should i just reinvest it into my current investments here? When you say 10% to 14% return, is that real return or nominal? Could it be the case you are getting such high returns because you also have ...
by Schlabba
Thu Oct 24, 2019 12:08 pm
Forum: Non-US Investing
Topic: BUY and HOLD individual Stocks vs iShares MSCI ACWI
Replies: 22
Views: 1420

Re: BUY and HOLD individual Stocks vs iShares MSCI ACWI

After reviewing all informations available I decided to stick with the FTSE All-World from Vanguard. It had a tracking error of -0.03% since 2013. https://www.trackingdifferences.com/ETF/ISIN/IE00B3RBWM25 Also the skewness and requirement to hold large amounts of individual stocks to reach the risk...
by Schlabba
Wed Oct 23, 2019 5:07 pm
Forum: Non-US Investing
Topic: BUY and HOLD individual Stocks vs iShares MSCI ACWI
Replies: 22
Views: 1420

Re: BUY and HOLD individual Stocks vs iShares MSCI ACWI

In retirement I would only use the dividends of the ETF. When the dividend yield is %2, the TER of %0,2 would the 10% of the total dividends. So if you have 500.000$ in MSCI ACWI, you would get 10.000$ dividends a year, and 7500$ after tax (Tax %25 here). After TER of %0.2, so 1000$ (500000*0.002),...
by Schlabba
Wed Oct 23, 2019 4:14 pm
Forum: Non-US Investing
Topic: Vanguard cuts fees across its European range
Replies: 16
Views: 2768

Re: Vanguard cuts fees across its European range

Stef wrote:
Wed Oct 23, 2019 1:19 pm
85% Developed + 15% EM total TER of 0.135%.

Nice.
Indeed very nice. Does anyone know why their all-world costs 0.22% when you can buy they own products for less?
by Schlabba
Wed Oct 23, 2019 12:07 pm
Forum: Non-US Investing
Topic: BUY and HOLD individual Stocks vs iShares MSCI ACWI
Replies: 22
Views: 1420

Re: BUY and HOLD individual Stocks vs iShares MSCI ACWI

You would get some result. No idea whether it is better or worse than the index. It probably won't be far off from the index itself. My guess is you will perform a little worse than the index, because the returns aren't evenly distributed across all stocks; More than half the stocks under perform th...
by Schlabba
Wed Oct 16, 2019 1:03 pm
Forum: Investing - Theory, News & General
Topic: Improving Withdrawal Rates in a Low-Yield World
Replies: 21
Views: 1120

Re: Improving Withdrawal Rates in a Low-Yield World

Interesting take on a topic that gets brought up frequently in the forum: Decreased real bond yields substantially increase failure rates for portfolios with an initial 4% withdrawal rate. One way to increase the safe withdrawal rate of a portfolio is to decrease the allocation to bonds and to incr...
by Schlabba
Wed Oct 16, 2019 6:51 am
Forum: Non-US Investing
Topic: UK Investors - simplified strategy
Replies: 30
Views: 1189

Re: UK Investors - simplified strategy

https://www.bogleheads.org/wiki/Non-US_ ... currencies

Typical.investor is right.

Anyway, How did the funny money fill the pockets of the GOP?
by Schlabba
Wed Oct 16, 2019 5:18 am
Forum: Non-US Investing
Topic: UK Investors - simplified strategy
Replies: 30
Views: 1189

Re: UK Investors - simplified strategy

What ruling elite are you talking about exactly? I don’t know what Goldman said, but I do know he also cannot predict the future. The GOP. They're in charge right now, and certainly regard themselves as 'elite' even if nobody else does. Agree about the future, still, it's a commentary on possible f...
by Schlabba
Wed Oct 16, 2019 5:04 am
Forum: Non-US Investing
Topic: UK Investors - simplified strategy
Replies: 30
Views: 1189

Re: UK Investors - simplified strategy

What ruling elite are you talking about exactly?

I don’t know what Goldman said, but I do know he also cannot predict the future.
by Schlabba
Mon Oct 14, 2019 1:23 pm
Forum: Non-US Investing
Topic: Why emerging market bonds?
Replies: 37
Views: 3598

Re: Why emerging market bonds?

. Why are these so popular? 1999-2018: Annualized Return (%) / Standard deviation / 2008 return (%) 9.1 /.. 9.6 / -12.0 = JP Morgan Emerging Market Bond Index (EMBI) Global Diversified 8.8 / 33.5 / -53.2 = MSCI Emerging Markets Index (Stocks) Correlation between these two indices over this period =...
by Schlabba
Mon Oct 14, 2019 12:20 pm
Forum: Investing - Theory, News & General
Topic: What would have to happen for...
Replies: 14
Views: 1941

Re: What would have to happen for...

apologies for the "Madoff beating volatility" remark. it was meant as a joke that this performed so well it was better than a ponzi scheme. i think its an interesting mental exercise. i think for this to repeat the US would be north of 70% global equity markets and interest rates would be negative....
by Schlabba
Sat Oct 12, 2019 4:02 am
Forum: Non-US Investing
Topic: LSEETF vs. AEB
Replies: 17
Views: 965

Re: LSEETF vs. AEB

marinero wrote:
Sat Oct 12, 2019 3:47 am
You'd prefer the USD version even though my base currency is EUR on IB?

(thanks for your answer)
For more information:
https://www.bogleheads.org/wiki/Non-US_ ... currencies
by Schlabba
Tue Oct 08, 2019 1:33 pm
Forum: Non-US Investing
Topic: Why emerging market bonds?
Replies: 37
Views: 3598

Re: Why emerging market bonds?

Thanks for the replies! Now I am thinking that as long as the EM bonds are counted on the equity side, they provide some useful diversification without sacrificing too much returns. Is this an answer looking for a question or a question looking for an answer? You sent to be starting with the premis...
by Schlabba
Tue Oct 08, 2019 10:45 am
Forum: Non-US Investing
Topic: Why emerging market bonds?
Replies: 37
Views: 3598

Re: Why emerging market bonds?

Thanks for the replies!

Now I am thinking that as long as the EM bonds are counted on the equity side, they provide some useful diversification without sacrificing too much returns.
by Schlabba
Mon Oct 07, 2019 3:17 pm
Forum: Non-US Investing
Topic: Why emerging market bonds?
Replies: 37
Views: 3598

Re: Why emerging market bonds?

With a lump sum coming in soon I plan to add EM bonds as a 7% holding to my 70/30 3 fund portfolio as part of the 'equity' side. https://www.ifw-kiel.de/de/experten/ifw/josefin-meyer/sovereign-bonds-since-waterloo/ A long read, but with good data. Regarding hedging to EUR, any opinions whether it's...
by Schlabba
Mon Oct 07, 2019 1:55 pm
Forum: Non-US Investing
Topic: Why emerging market bonds?
Replies: 37
Views: 3598

Why emerging market bonds?

Hi Bogleheads, When I go to the iShares and Vanguard websites and look for bonds, sorted by AUM, EM bonds seem to be very very popular. The Vanguard USD Emerging Markets Government Bond UCITS ETF (USD) Distributing (VDET) has a YTM of 4.5% iShares J.P. Morgan $ EM Bond UCITS ETF has a YTM of 4,74% A...
by Schlabba
Mon Oct 07, 2019 5:21 am
Forum: Non-US Investing
Topic: Anyone know of an ETF that tracks teh whole world except UK?
Replies: 34
Views: 2294

Re: Anyone know of an ETF that tracks teh whole world except UK?

I couldn't find that in the philosophy: https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy How to set up a 3 ufnd portfolio. "These typically consist of three equal parts of bonds (total bond market or TIPS), total US market and total international market." If that's only for US...
by Schlabba
Sun Oct 06, 2019 2:59 pm
Forum: Non-US Investing
Topic: Just started with P2P lending (Mintos). How risky is it?
Replies: 27
Views: 2421

Re: Just started with P2P lending (Mintos). How risky is it?

If you hold the MSCI World you can also achieve 7 to 10% (before inflation) returns. Why would you bother? About 55% of my portfolio is allocated to stocks. Given that bonds currently yield about 0%, I'm considering allocating some of my fixed income to P2P lending. But you make a valid point. If I...
by Schlabba
Sun Oct 06, 2019 2:49 pm
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1444

Re: portfolio advice: HNWI Early retiree from Italy

Thanks so much! I have a few followup questions if you don't mind 1a. So are you saying that getting your fixed income from equity ETF's (dividends taxed at 26% in Italy) is better than getting it from gov bond ETF's (div taxed at 12.5% in Italy) today? 1b. wouldn't there be too much volatility in ...
by Schlabba
Sun Oct 06, 2019 9:01 am
Forum: Non-US Investing
Topic: Just started with P2P lending (Mintos). How risky is it?
Replies: 27
Views: 2421

Re: Just started with P2P lending (Mintos). How risky is it?

If you hold the MSCI World you can also achieve 7 to 10% (before inflation) returns. Why would you bother?
by Schlabba
Sun Oct 06, 2019 4:15 am
Forum: Non-US Investing
Topic: Anyone know of an ETF that tracks teh whole world except UK?
Replies: 34
Views: 2294

Re: Anyone know of an ETF that tracks teh whole world except UK?

So why then overweight the UK index? Because that seems to be the boglehead philosophy. Or that's how it looks in the getting started' section. Feel free to enlighten us. I couldn't find that in the philosophy: https://www.bogleheads.org/wiki/Bogleheads%C2%AE_investment_philosophy Also if you read ...
by Schlabba
Sun Oct 06, 2019 4:06 am
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1444

Re: portfolio advice: HNWI Early retiree from Italy

At 15m net worth you should be giving us advice instead of asking for it :happy ! I won't answer all your questions because I can't, but let me point out a few things I noticed. 4. Is the 40/60 (S/B) asset allocation okay for a desired fixed income of 200-250k/year? If not should he consider investi...
by Schlabba
Sat Oct 05, 2019 4:42 am
Forum: Non-US Investing
Topic: Discrepancy in advice for European vs US investors
Replies: 4
Views: 866

Re: Discrepancy in advice for European vs US investors

The reason is the size of market. If you live in a tiny European country would you want to over weigh it as much as Americans over weigh their market? If you live in a country which consists of 55% of the world market, and you take a 60%-40% split between local market vs international, you're not to...
by Schlabba
Fri Oct 04, 2019 2:44 pm
Forum: Non-US Investing
Topic: Beginner Investor
Replies: 6
Views: 872

Re: Beginner Investor

Hello and welcome! For starter portfolio's you can have a look at https://www.bogleheads.org/wiki/Simple_non-US_portfolios. The Intelligent Investor is a great book to read to give you a context on investing, however its not the way we follow. The book that really sold me on index investing was "The...
by Schlabba
Wed Oct 02, 2019 3:34 pm
Forum: Non-US Investing
Topic: Why is small cap value so special?
Replies: 17
Views: 1563

Re: Why is small cap value so special?

... just additional return in exchange for taking on additional risk . ... That should be priced in. If it would be such a clear case that small cap value would outperform because of the wilder swings, then why don't we all outperform by holding large allocations to small caps? I believe the market...
by Schlabba
Wed Oct 02, 2019 2:02 pm
Forum: Non-US Investing
Topic: Why is small cap value so special?
Replies: 17
Views: 1563

Re: Why is small cap value so special?

... just additional return in exchange for taking on additional risk . ... That should be priced in. If it would be such a clear case that small cap value would outperform because of the wilder swings, then why don't we all outperform by holding large allocations to small caps? I believe the market...
by Schlabba
Sun Sep 29, 2019 2:57 am
Forum: Non-US Investing
Topic: Will European global weightage slip?
Replies: 7
Views: 802

Re: Will European global weightage slip?

Hi, Not trying to look into the crystal ball, but what is your prediction of European's global equity market weightage? Will it continue to slip against US and the world? Its impossible to tell. For almost any country I can list some problems that I think might give it underperformance. I see a lot...
by Schlabba
Sat Sep 28, 2019 3:23 pm
Forum: Non-US Investing
Topic: Tilt towards small cap value stocks?
Replies: 9
Views: 1227

Re: Tilt towards small cap value stocks?

I presently hold 50% VWRD and 50% AGGU. However, I keep reading that a tilt towards small cap value stocks is a sensible approach to portfolio construction. Is there such an Irish domiciled $USD ETF that will fill this requirement? Or do folks figure this is an unnecessary tilt? Regards! You don't ...
by Schlabba
Sat Sep 28, 2019 1:34 am
Forum: Non-US Investing
Topic: Will European global weightage slip?
Replies: 7
Views: 802

Re: Will European global weightage slip?

Hi, Not trying to look into the crystal ball, but what is your prediction of European's global equity market weightage? Will it continue to slip against US and the world? Its impossible to tell. For almost any country I can list some problems that I think might give it underperformance. I see a lot...
by Schlabba
Tue Sep 24, 2019 6:32 am
Forum: Non-US Investing
Topic: Ishares is delisting ETFs from the London stock exchange.
Replies: 32
Views: 3876

Re: Ishares is delisting ETFs from the London stock exchange.

I just called IBKR, They proposed me to transfer AGGH to one of these 4 exhanges: Borsa Italiana SIX Swiss Exchange/EBS Xetra/IBIS2 Frankurt/FWB2 They confirmed me that on the 27th September, those still holding AGGH via LSE will see their AGGH ETF automatically sold on that date. So beware about t...
by Schlabba
Mon Sep 23, 2019 6:59 am
Forum: Non-US Investing
Topic: Ishares is delisting ETFs from the London stock exchange.
Replies: 32
Views: 3876

Re: Ishares is delisting ETFs from the London stock exchange.

I don't think you need to sell anything. For example, Degiro offers "stock exchange conversion" for a fee. IB probably have something similar. In fact, the other day IB service desk were assuring me that I could buy ETF position on one exchange and sell on another - I'm not sure I believe that yet....
by Schlabba
Sun Sep 22, 2019 6:34 am
Forum: Non-US Investing
Topic: Corp Bonds as an alternative to FD and Gov bonds
Replies: 6
Views: 570

Re: Corp Bonds as an alternative to FD and Gov bonds

Hello bubbasour Hi, I seek guidance around where funds can be parked and generate stable income? I'm interested in knowing more about Corp Bonds. :?: I have so far invested in 12m SGD FD@1.85-1.90%, and Gov Bonds (2y, SGD) and T-bills (12m) that yield 1.8-2.2%. My equity portfolio is relatively simp...
by Schlabba
Sat Sep 21, 2019 4:06 am
Forum: Non-US Investing
Topic: BELGIUM - Renting vs Owning
Replies: 23
Views: 2240

Re: BELGIUM - Renting vs Owning

What is your savings rate? If you already are at a 50% or more savings rate I wouldn’t really worry about optimizing my living situation and you can just enjoy life whichever option you choose. Do you have a set financial goal and are you reaching it? Where I live the calculation is quite a bit in f...
by Schlabba
Fri Sep 20, 2019 1:25 pm
Forum: Non-US Investing
Topic: equal-weighted index fund
Replies: 16
Views: 1621

Re: equal-weighted index fund

Hello guys, I would like to ask the forums opinions of equal weighted index funds as opposed to weighted. Im a relative beginner at all of this but wouldn't a equal weighted fund of a particular index provide greater diversification and possibly greater returns? Chris.... :D I would like to mention...