Search found 114 matches

by vsquid
Thu Feb 18, 2021 2:46 am
Forum: Investing - Theory, News & General
Topic: When Does the .3% Fee From Vanguard Personal Advisor Hit?
Replies: 14
Views: 1599

Re: When Does the .3% Fee From Vanguard Personal Advisor Hit?

As stated above, PAS will provide you their plan without any commitment. I assume they can also describe what services they provide compared to DIY. So if I were you, I would book the consultation and see if you like what they would be offering you. I would not worry about paying the extra 0.3% if y...
by vsquid
Mon Feb 15, 2021 4:05 am
Forum: Non-US Investing
Topic: Blackrock lowers expense ratio for iShares MSCI ACWI
Replies: 19
Views: 2988

Re: Blackrock lowers expense ratio for iShares MSCI ACWI

my retirement account provider Do you live in Europe? I mean, at least in Italy, I don't know if there is any retirement provider where I can accumulate my savings with some benefit. Yes. I live in Finland and I do have a tax advantaged retirement account where I can invest in stocks, mutual funds ...
by vsquid
Sun Feb 14, 2021 6:15 am
Forum: Non-US Investing
Topic: Blackrock lowers expense ratio for iShares MSCI ACWI
Replies: 19
Views: 2988

Re: Blackrock lowers expense ratio for iShares MSCI ACWI

All UCITS "World" ETFs with reasonable TER should slightly outperform the net index. According to https://www.trackingdifferences.com/ETF/Index/MSCI%20World%20Index 2 of 5 MSCI World index trackers with a reasonable TER outperform their total return index (not price index). None of the MS...
by vsquid
Fri Feb 12, 2021 3:54 am
Forum: Non-US Investing
Topic: Blackrock lowers expense ratio for iShares MSCI ACWI
Replies: 19
Views: 2988

Re: Blackrock lowers expense ratio for iShares MSCI ACWI

I also noticed this a few days ago and this is great news as my retirement account provider doesn't allow Vanguards ETFs for some reason. I used to hold ishares core world and core emerging markets separately but I switched to ACWI now. However I still think Vanguard has an edge. The FTSE All-World ...
by vsquid
Thu Feb 11, 2021 11:40 pm
Forum: Investing - Theory, News & General
Topic: Is The Bogleheads' Guide To Investing The Go-To Book?
Replies: 22
Views: 1603

Re: Is The Bogleheads' Guide To Investing The Go-To Book?

The Elements of Investing by Malkiel and Ellis
by vsquid
Sat Feb 06, 2021 7:40 am
Forum: Personal Investments
Topic: If I can afford major risk, is a 100% stock position the best return
Replies: 100
Views: 8463

Re: If I can afford major risk, is a 100% stock position the best return

We could afford to lose 50% or more of our net worth without changing our lifestyle or goals.. Why not 110% in equities? Or 125%? You realise 100% isn't the limit, right? You can go higher than that. So you have to have a decision process that lets you decide between 80-90-100-125% equities. I was ...
by vsquid
Thu Feb 04, 2021 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Late 20's in Tech: Seeking Advice
Replies: 14
Views: 2390

Re: Late 20's in Tech: Seeking Advice

About employment: As long as your compensation has some equity component, you could make it big time. Side hustles etc are not required for good life. Rather find some nice hobbies for your spare time. Preferably some sports as you work a desk job ;) About housing: Have you considered house hacking?...
by vsquid
Tue Feb 02, 2021 12:28 am
Forum: Non-US Investing
Topic: Interactive Broker, finding UCITS products for EU investing.
Replies: 11
Views: 1361

Re: Interactive Broker, finding UCITS products for EU investing.

ISIN is the safest bet if it works in search. Many European ETFs have many different ticker symbols in different markets (eg SWRD's primary listing in Germany has ticker SPPW, not SWRD). Whatever name IB shows for the ETF, it does not matter as long as ISIN and ticker match what you are looking for....
by vsquid
Thu Jan 28, 2021 1:23 am
Forum: Investing - Theory, News & General
Topic: Target retirement fund futher out than planned retirement
Replies: 9
Views: 962

Re: Target retirement fund futher out than planned retirement

...my RothIRA TDF is farther out than my 401K money or taxable investments... as that money is not likely to be touched for another 30 years "after retirement". that is quite a savvy idea to have your Roth money in a further out TDF. Especially considering that most financial planners sug...
by vsquid
Wed Jan 27, 2021 12:43 am
Forum: Personal Investments
Topic: Do you see any benefit to these portfolio changes recommended by Vanguard PAS
Replies: 27
Views: 2567

Re: Do you see any benefit to these portfolio changes recommended by Vanguard PAS

My thoughts are that when you recognize changes as close judgement calls, as in all these examples, you can't really second-guess the adviser. Otherwise, there's no point in signing up for PAS. You need to either let the adviser do what he/she believes is best, as long as it's reasonably appropriat...
by vsquid
Wed Jan 20, 2021 8:30 am
Forum: Personal Investments
Topic: Using Lifecycle Investing and investing on margin while knowing a big salary hit is about to come
Replies: 60
Views: 5449

Re: My drawdown from peak to valley during Covid19 was -15%: why buying a bit on margin cannot be considered when DCA-in

What happens with the feelings that cause you to hold 10% bonds if you imagine vividly being forced to sell your margin account stocks at a deep loss because of a margin call? Margin calls are not random events. They happen based on rules that are available before the fact and can be mitigated. Ori...
by vsquid
Wed Jan 20, 2021 5:55 am
Forum: Personal Investments
Topic: Using Lifecycle Investing and investing on margin while knowing a big salary hit is about to come
Replies: 60
Views: 5449

Re: My drawdown from peak to valley during Covid19 was -15%: why buying a bit on margin cannot be considered when DCA-in

Why not if you are willing to accept more volatility. I'm around 120% invested in global stock ETFs. You just need to remember that margin needs to be cheap for this to work and that margin requirements may change when stock market volatility goes up (they did last year).
by vsquid
Tue Jan 19, 2021 2:28 am
Forum: Personal Investments
Topic: What to do with China Mobile stock in my Vanguard accounts
Replies: 5
Views: 870

Re: What to do with China Mobile stock in my Vanguard accounts

I’ve called Vanguard and the person I spoke to said they couldn’t find a buyer for the shares. This seems strange to me since the stock is only banned in the U.S. and not globally. China mobile has an active market in Hong Kong. However the issue is that US-registered shares can't be directly bough...
by vsquid
Tue Jan 12, 2021 6:50 am
Forum: Investing - Theory, News & General
Topic: How does compounding work with the accumulating ETFs?
Replies: 5
Views: 637

Re: How does compounding work with the accumulating ETFs?

The ETF has a brokerage account that can hold both equities and cash. When individual stocks pay dividends, the ETF will receive the dividend on the cash portion of the brokerage account. The ETF managers then use the cash to buy more stocks.
by vsquid
Sun Jan 10, 2021 1:33 am
Forum: Investing - Theory, News & General
Topic: I'm Stuck: How to get out of Value Averaging and back to DCA!
Replies: 55
Views: 3576

Re: I'm Stuck: How to get out of Value Averaging and back to DCA!

[quote=neb2020 post_id=5724795 time=<a href="tel:1610245429">1610245429</a> user_id=167806] I'll just reframe the question because this will avoid the anchoring. The situation is equivalent to: My portfolio is 90/10 right now. Magically, I got new money that is 20% of my portfolio that I'...
by vsquid
Tue Jan 05, 2021 2:15 am
Forum: Personal Investments
Topic: Can I create generational wealth?
Replies: 193
Views: 19323

Re: Can I create generational wealth?

in my opinion the most critical component to achieve something like this will be to pass on the financial wisdom and discipline to your kids and grand-kids such that they can pass on those attributes further down. If family keeps passing these attributes then one would have greater confidence in th...
by vsquid
Fri Jan 01, 2021 5:21 am
Forum: Personal Investments
Topic: Do you keep a separate brokerage account for short term and long term?
Replies: 10
Views: 1115

Re: Do you keep a separate brokerage account for short term and long term?

For your medium term needs you could just pick a fund like lifestrategy moderate and put the money there. No need to have a separate account.
by vsquid
Thu Dec 31, 2020 12:15 am
Forum: Personal Investments
Topic: Continue using Vanguard Personal Advisor Services?
Replies: 38
Views: 3462

Re: Continue using Vanguard Personal Advisor Services?

Thanks all for the very reasonable and consistent advice. My hope was that my gut of sticking with Vanguard PAS would be supported, but I thought there would be more folks suggesting that the cost was unnecessary. I am continuing to make a great income doing work that is engaging and purposeful, an...
by vsquid
Thu Dec 24, 2020 11:24 am
Forum: Investing - Theory, News & General
Topic: 7% return in the markets
Replies: 120
Views: 13705

Re: 7% return in the markets

By selecting year 2000 you are effectively starting from the top of the dotcom bubble. You should check the affect of different starting years (and include dividends as stated above).
by vsquid
Thu Dec 24, 2020 11:22 am
Forum: Non-US Investing
Topic: Foreign withholding tax - Ireland domiciled ETFs
Replies: 2
Views: 384

Re: Foreign withholding tax - Ireland domiciled ETFs

Things that might influence this: Irish tax treaties. And more importantly the amount of dividends you receive from different countries as different countries have different withholding rates. Eg more dividends from countries with higher withholding and less from the ones with less withholding.
by vsquid
Thu Dec 24, 2020 11:08 am
Forum: Non-US Investing
Topic: Access to US ETFs within UK ISAs/SIPPs after Brexit?
Replies: 3
Views: 548

Re: Access to US ETFs within UK ISAs/SIPPs after Brexit?

I assume the new EU-UK free trade agreement might have impact here. I assume UK wants to have full access for financial services to EU market and that would include adopting major parts of EU rules. Eg Switzerland is starting to implement their version of priips rules now and it includes the things ...
by vsquid
Fri Dec 18, 2020 3:37 pm
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

alpine_boglehead, European funds don’t need to pay taxes on capital gains when they rebalance. Neither have they distribute the gains to owners. As such having fund do your rebalancing is way more tax efficient than DIY. Unless I'm very much mistaken, at least in my tax jurisdiction (Austria) funds...
by vsquid
Fri Dec 18, 2020 4:11 am
Forum: Non-US Investing
Topic: Brokers in Germany
Replies: 4
Views: 747

Re: Brokers in Germany

It is best to use a German broker because they will handle your taxes as well unlike internet brokers such as trading212.
by vsquid
Tue Dec 15, 2020 3:28 pm
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

alpine_boglehead, European funds don’t need to pay taxes on capital gains when they rebalance. Neither have they distribute the gains to owners. As such having fund do your rebalancing is way more tax efficient than DIY.
by vsquid
Tue Dec 15, 2020 8:00 am
Forum: Non-US Investing
Topic: International pre-nups?
Replies: 18
Views: 2418

Re: International pre-nups?

Generally, the assets you own prior to being married stay in your ownership. Anything that you (or DW) purchase during the lifetime of the marriage is split. That is the case in most countries. It is not safe to assume that assets gained before marriage would be protected. They may be in some count...
by vsquid
Mon Dec 14, 2020 11:20 pm
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

So for this ETF "IE00BMVB5R75 (LifeStrategy 80% Equity UCITS ETF (EUR) Accumulating)" there is no difference between Italian ticker "VNGA80" and German ticker "V80A" right? Because both tickers are the same underling fund. So if I want to invest in this ETF, ticker &qu...
by vsquid
Mon Dec 14, 2020 11:12 pm
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

not getting this completely although it it seems basic. say a unhedged bond aggregate, underlying currency USD. I buy in EUR today. EUR/USD=1. Value in EUR will tomorrow be affected by currency fluctuations. The underlying USD performance would be the same. Yes value in EUR will be different but if...
by vsquid
Mon Dec 14, 2020 10:56 am
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

You can find the documents etc in English here https://global.vanguard.com/portal/instl/global/en/product.html#/fundDetail/etf/portId=9496/assetCode=balanced/?overview Eg the description for 80%: The Fund seeks to provide a combination of long-term capital appreciation with some income by investing ...
by vsquid
Mon Dec 14, 2020 3:35 am
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

MaxDOL wrote: Mon Dec 14, 2020 3:31 am That more than 50% performance difference just because of currency different.
This is because of hedging, not currency. If we had the same fund available unhedged in both USD and EUR, there would be no performance difference.
by vsquid
Mon Dec 14, 2020 3:27 am
Forum: Personal Finance (Not Investing)
Topic: How does one make a very large purchase without borrowing from bank or retirement funds?
Replies: 26
Views: 2938

Re: How does one make a very large purchase without borrowing from bank or retirement funds?

Workinprogress wrote: Mon Dec 14, 2020 3:19 am Cash out refinance the house? Only half of us are game for this plan.
Would calling this a HELOC make any difference? Also maybe a combination of heloc and higher interest aircraft loan could make sense if you can focus on paying the aircraft loan back first.
by vsquid
Mon Dec 14, 2020 3:12 am
Forum: Personal Finance (Not Investing)
Topic: [deleted]
Replies: 4
Views: 338

Re: Portfolio information & reporting with advice-only advisors?

You could propose them to switch to Vanguard PAS (personal advisor services). PAS starts at 0.3% and goes down for balances over 5 million. I assume that Vanguard would also use funds that are a lot cheaper so you could and up saving closer to 2% per year.
by vsquid
Mon Dec 14, 2020 3:04 am
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

As a Non EU/US investor who prefer to invest in USD currency, I wonder if Vanguard or Blackrock/Ishares will offer similar ETFs but trade in USD. I hope you do realize that the total performance will be the same irrespective of if you buy the fund in EUR or USD if the contents are the same and the ...
by vsquid
Mon Dec 14, 2020 3:01 am
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

Since the information on the underlying is currently unclear, how likely is it in your opinion that the performance of the Life Strategy 80% actively managed by Vanguard will outperform the VWRL? I don't think LifeStrategy is actively managed in the traditional meaning of actively managed. Active m...
by vsquid
Mon Dec 14, 2020 2:52 am
Forum: Non-US Investing
Topic: [Italy]Life Strategy 80% vs VWRL
Replies: 5
Views: 1042

Re: [Italy]Life Strategy 80% vs VWRL

VWRL has 100% stocks which implies greater expected return but also volatility. Vanguard has LifeStrategy brochures available in Italian and German . Distributing vs accumulating generally depends on your taxation. If you need to pay taxes on distributions, it is better to use accumulating funds whe...
by vsquid
Mon Dec 14, 2020 2:41 am
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

A quick comment why these invest up to 14 different ETFs that are similar (eg the funds contain ftse all-word, developed world, emerging markets, europe, NA, sp500 etc). UCITS fund is only allowed to invest up to 20% of its capital to a single other fund so Vanguard is "cheating" by using ...
by vsquid
Fri Dec 11, 2020 2:53 am
Forum: Non-US Investing
Topic: Vanguard LifeStrategy ETFs now available in Germany and Italy
Replies: 51
Views: 6016

Re: Vanguard LifeStrategy ETFs now available in Germany and Italy

Great news! I've kind of been expecting this since Blackrock released their allocation ETFs in Europe some months ago. Of course I don't know if Vanguard was working on this even before that but both of the releases highlight that ETFs have also gained popularity on consumer market whereas earlier E...
by vsquid
Sun Nov 29, 2020 10:55 pm
Forum: Non-US Investing
Topic: [HK/Singapore/Australia] Investing through HK LLC or personal account in SG/Aus?
Replies: 6
Views: 789

Re: [HK/Singapore/Australia] Investing through HK LLC or personal account in SG/Aus?

You should remember that your UK and HK companies may become tax liable in other countries if they conduct business there. Mainly if you reside in some country and trading is the only business your company conducts. Eg if you live in Singapore and conduct business with your HK and UK companies, thos...
by vsquid
Thu Nov 26, 2020 3:55 am
Forum: Non-US Investing
Topic: Setting up first large portfolio. Are the Vanguard/iShares all-in-ones gimmicks?
Replies: 10
Views: 2193

Re: Setting up first large portfolio. Are the Vanguard/iShares all-in-ones gimmicks?

You didn't state where you live. However you were talking about Euros so it is reasonable to assume you might live in the EU. If so, you won't really have access to US-based products because of the now several-years-old PRIIPS regulation. In addition, even if you live outside of the EU, American fun...
by vsquid
Mon Nov 23, 2020 1:23 am
Forum: Personal Investments
Topic: Are limit orders an attempt at timing the market?
Replies: 22
Views: 2171

Re: Are limit orders an attempt at timing the market?

SpideyIndexer wrote: Mon Nov 23, 2020 12:26 am What about having standing buy and sell limit orders so that you benefit from either spikes and dips in the market?
This is called market making and you would be competing against HFT and institutional traders.
by vsquid
Mon Nov 23, 2020 12:55 am
Forum: Personal Investments
Topic: Brokerage account vs Traditional IRA
Replies: 16
Views: 894

Re: Brokerage account vs Traditional IRA

Brokerage account also gives you more flexibility. You can take the money out before retirement if you eg need money for a house downpayment.
by vsquid
Sun Nov 22, 2020 9:47 am
Forum: Personal Finance (Not Investing)
Topic: How much would you give your kids if you were UHNW?
Replies: 67
Views: 4698

Re: How much would you give your kids if you were UHNW?

I wouldn’t give much money outright. Rather would I transfer most of my assets into a company and give the shares to my kids so that they would need align on how to manage and grow the legacy.
by vsquid
Sat Nov 21, 2020 1:53 pm
Forum: Personal Investments
Topic: Advise for a three funds portfolio with Interactive Brokers (US resident)
Replies: 10
Views: 827

Re: Advise for a three funds portfolio with Interactive Brokers (US resident)

Thanks zorgs10. If you're open to using ETFs, you could follow one of the ETF-based portfolios described on https://www.bogleheads.org/wiki/Three-fund_portfolio. Scroll down to the section named 'Three-fund Portfolios using ETFs '. I went to that website but there is no mention of Interactive Broke...
by vsquid
Fri Nov 20, 2020 8:42 am
Forum: Non-US Investing
Topic: Europe - personal portfolio review request
Replies: 15
Views: 1449

Re: Europe - personal portfolio review request

I think you should simplify. Have you read about the three fund portfolio ? You can omit the bonds if you want but there is no reason to invest separately in momentum, value, China etc. Just buy it all with a single fund like Vanguard FTSE All-World UCIT ETF or split it in two with a developed worl ...
by vsquid
Thu Nov 12, 2020 5:42 am
Forum: Investing - Theory, News & General
Topic: Execution prices for buying the same Vanguard ETF across brokeragaes?
Replies: 2
Views: 366

Re: Execution prices for buying the same Vanguard ETF across brokeragaes?

Is it true that certain brokerages would yield inferior execution prices because they sell the order flow to these "dark pools" which yields inferior execution prices? Payment for order flow and dark pools are two different things. Neither one can fleece you as all trades need to be execu...
by vsquid
Tue Nov 10, 2020 3:23 am
Forum: Non-US Investing
Topic: 2 fund portfolio - UK
Replies: 20
Views: 1729

Re: 2 fund portfolio - UK

I looked at Vanguard's UK LifeStrategy/Target Retirement funds, but I dislike the heavy bias towards UK (~25%). It's also nearly twice as expensive as the US version, at 0.24%. I think that the big UK exposure is because they want to limit exposure to currencies. The long term expected return on UK...
by vsquid
Tue Nov 10, 2020 1:39 am
Forum: Personal Investments
Topic: Is going to a robo advisor for tax loss harvesting worth it?
Replies: 31
Views: 3643

Re: Is going to a robo advisor for tax loss harvesting worth it?

Option (d)
keep your current vanguard account but open a new wealthfront or betterment account for your new contributions. After a few years you would have some clue if taxloss harvesting seems to be beneficial.
by vsquid
Tue Nov 10, 2020 1:34 am
Forum: Personal Investments
Topic: Migrating legacy funds to new fund
Replies: 12
Views: 1382

Re: Migrating legacy funds to new fund

Whichever option you choose, the impact will not be material. So pick the option that you feel most comfortable about and get over with it. One option you didn't list is to stop dividend reinvesting on VFIAX and use the dividends to buy VEXAX or VTSAX. Given that you state that your current setup al...
by vsquid
Fri Oct 30, 2020 1:26 am
Forum: Personal Investments
Topic: FZROX vs VTSAX
Replies: 20
Views: 2373

Re: FZROX vs VTSAX

Are you planning to invest in taxable or in some tax-advantaged account? FZROX can only be kept at fidelity in case you want to move your account. On tax-advantaged accounts that does not matter as you can just sell it and buy something else without realizing taxes but on taxable you need to pay tax...
by vsquid
Thu Oct 29, 2020 4:49 am
Forum: Non-US Investing
Topic: Moving to the UK - Interactive Brokers or Schwab?
Replies: 4
Views: 713

Re: Moving to the UK - Interactive Brokers or Schwab?

At least IB follows EU rules and requires you to be a "professional" investor before letting you to buy US-registered ETFs from Europe. I assume Schwab would follow the same rules as well. Also as a US citizen you would be pretty much better keep your hands off any European investments pro...
by vsquid
Thu Oct 29, 2020 4:41 am
Forum: Personal Consumer Issues
Topic: Economically viable to buy an airplane?
Replies: 39
Views: 4884

Re: Economically viable to buy an airplane?

Is it possible to rent out the plane when your son is not flying it? This could change the economics quite a bit.