Search found 108 matches

by bgreat
Sun Dec 01, 2019 1:08 pm
Forum: Non-US Investing
Topic: Is Fidelity friendly to expats?
Replies: 1
Views: 436

Re: Is Fidelity friendly to expats?

Some of the US-citizenship-holding immigrants living in my country have indeed had OK experiences with Fidelity, but I don't know of any who have opened new accounts. But don't forget to check what the tax situation of such accounts is in your country of residence.
by bgreat
Sun Dec 01, 2019 1:06 pm
Forum: Non-US Investing
Topic: Why should I buy anything outside of the US market?
Replies: 28
Views: 2832

Re: Why should I buy anything outside of the US market?

Increased diversification reduces volatility and risk without lowering your returns. Do you really want to take single-country risk? Maybe at the end of this 21st century China or India will have had the best stock market returns and the US will have been lagging behind for some reason. There is no...
by bgreat
Sun Nov 24, 2019 1:32 pm
Forum: Non-US Investing
Topic: Roth Conversion tax withheld - put it back into Roth ? [UK, US Non-Resident Alien]
Replies: 28
Views: 541

Re: Roth Conversion tax withheld - put it back into Roth ? [UK, US Non-Resident Alien]

Note that Hodgen points out that the withdrawal in retirement will be subject to the taxes where you live at the time of withdrawal. So, even though the U.S. will not tax the Roth conversion, another country may. And after you empty out all your US-based accounts, you will not have to worry about U...
by bgreat
Sun Nov 24, 2019 1:26 pm
Forum: Non-US Investing
Topic: Experience with Schwab as a Non-US Resident Alien?
Replies: 11
Views: 1031

Re: Experience with Schwab as a Non-US Resident Alien?

Hi! I'm an NRA from Philippines interested in opening a Charles Schwab International account. I intend to use it mainly for ETFs and building a 3-5 Fund portfolio. I'd like to hear about other people's experience investing in them. Please share your good and bad experiences. Any fees I should be mi...
by bgreat
Sat Nov 16, 2019 4:07 am
Forum: Non-US Investing
Topic: Non resident Alien considering relocation from US to EU
Replies: 10
Views: 808

Re: Non resident Alien considering relocation from US to EU

2) Your income is so substantial, that you'll blow right through the threshold of double taxation, even leveling out the tax advantages you'd have as a US citizen. What is this supposed "threshold of double taxation"? Anyhow I certainly can't post my opinions about the future of the US here either ...
by bgreat
Sat Nov 16, 2019 4:05 am
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 287
Views: 21399

Re: H&R BLOCK Pre-Order 2019 Software Offer

So Amazon are selling H&R Block Deluxe (federal) at $34.99 (for any of Mac download/PC download/PC+Mac CD). Admittedly they do have the 4% offer. But Walmart has it at $24.97 (seems to be their base price, as in they're not showing this as a discounted price). (But last year Amazon did drop it to 1...
by bgreat
Thu Nov 14, 2019 1:38 pm
Forum: Personal Finance (Not Investing)
Topic: H&R BLOCK Pre-Order 2019 Software Offer
Replies: 287
Views: 21399

Re: H&R BLOCK Pre-Order 2019 Software Offer

So Amazon are selling H&R Block Deluxe (federal) at $34.99 (for any of Mac download/PC download/PC+Mac CD). Admittedly they do have the 4% offer. But Walmart has it at $24.97 (seems to be their base price, as in they're not showing this as a discounted price). (But last year Amazon did drop it to 19...
by bgreat
Thu Nov 14, 2019 1:39 am
Forum: Non-US Investing
Topic: Non resident Alien considering relocation from US to EU
Replies: 10
Views: 808

Re: Non resident Alien considering relocation from US to EU

Should I transfer these out to EU banks/brokerages? What factors should I consider (tax, ease of transfer in and out of the US accounts, anything else)? Maybe. Moving stuff to Interactive Brokers would perhaps be a good intermediate step. These are people who know how to deal with international lif...
by bgreat
Wed Nov 13, 2019 1:28 pm
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3519

Re: Advantages for US persons abroad

That would be surprising if true, because, unlike the US, European countries generally do not tax resident's worldwide income. I would have thought that transactions in the US would look to them like transactions in other off-shore tax havens, like the Isle of Man or St. Kitt's and Nevis. OMG no, t...
by bgreat
Mon Nov 11, 2019 1:00 pm
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3519

Re: Advantages for US persons abroad

Of the top of my head I know about France, the UK and Belgium where the roth money would be shielded. France explicitly says only the US taxes it, but it counts toward your marginal tax rate. Belgium's treaty says that if no taxes would have been due to the US on a pension if the person was a US re...
by bgreat
Sun Nov 10, 2019 1:57 pm
Forum: Non-US Investing
Topic: Interactive Brokers alternative for Swiss
Replies: 20
Views: 1463

Re: Interactive Brokers alternative for Swiss

Turns out I was wrong, FIDLEG (the law that's coming into force) has a BIB requirement which is effectively KID, but it allows exceptions when countries offer an equivalent document. In FIDLEV (a regulation that is currently in draft form, which primarily specifies details around FIDLEG) they are e...
by bgreat
Sun Nov 10, 2019 1:42 pm
Forum: Non-US Investing
Topic: American Expat in Switzerland Investing in Swtizerland
Replies: 1
Views: 269

Re: American Expat in Switzerland Investing in Swtizerland

1. Tax issues: search for PFIC if investing in funds, TLDR is you don't want to buy non-US-domiciled funds/etfs. FATCA issues: kindof - most banks will reject you as a customer (beyond basic banking needs) unless you are high enough value to them because of FATCA and other braindead US regulations. ...
by bgreat
Sun Nov 10, 2019 1:33 pm
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3519

Re: Advantages for US persons abroad

2. Depending on the local taxation, you can slowly roll-over pre-tax IRA/401(k) to Roth, paying little or no income taxes (no state taxes, little federal taxes if foreign income is excluded using the FTC or FEIE. The vast majority of tax treaties I've read explicitly give country of residence the r...
by bgreat
Sat Nov 02, 2019 8:42 am
Forum: Non-US Investing
Topic: Non-USA Domicle Question Re Interest Income Withholding Taxes
Replies: 22
Views: 2358

Re: Non-USA Domicle Question Re Interest Income Withholding Taxes

FWIW I know of at least one person who owns a bond ETF at IB, and they claim that they get an automatic refund for withholding on interest payments at the end of year (or possibly around 1042-S issuance time). I myself own a unit of a similar bond ETF at Schwab: they are withholding my local rate (1...
by bgreat
Sat Nov 02, 2019 8:35 am
Forum: Non-US Investing
Topic: Help with brokers
Replies: 24
Views: 1756

Re: Help with brokers

Is it possible to invest in Ireland domicile ETFs with IBKR Lite? I think IBKR Lite is just for USA. I am not 100% sure, but what they advertise is: We offer unlimited, commission-free trading on US exchange-listed stocks and ETFs, as well as low cost access to global markets without required accou...
by bgreat
Sat Nov 02, 2019 8:33 am
Forum: Non-US Investing
Topic: FTC vs. FEIE in a high-tax country
Replies: 3
Views: 316

Re: FTC vs. FEIE in a high-tax country

Is it correctly understood that the FTC will probably the better choice since (1) the tax credits can be carried forward and (2) it also applies to income in excess of $106k per person? Regarding 1: note that the credits can be applied only to foreign income. So they're only really useful if you la...
by bgreat
Sat Oct 26, 2019 10:29 am
Forum: Non-US Investing
Topic: UK : unable to open Marcus Savings account due to US link
Replies: 16
Views: 1395

Re: UK : unable to open Marcus Savings account due to US link

So I file a US tax return (1040 NR - Non Resident) evrey year just to be safe and as per my US tax accountant's advice. So I told this Marcus Bank rep that I am most definitely NOT a US person, and I file a "NR" (Non resident) US tax return. Yet they are considering me a US person and said I cannot...
by bgreat
Sun Oct 20, 2019 1:15 pm
Forum: Non-US Investing
Topic: Interactive Brokers alternative for Swiss
Replies: 20
Views: 1463

Re: Interactive Brokers alternative for Swiss

I'd recommend Schwab. Not quite as good exchange rates as IB, but not too bad, and great interface and apps. Lets say you invest 50k per year (which anyone with a decent job in Switzerland should be able to do - although most people I know save much more). Schwab charge 0.5% on currency conversion....
by bgreat
Sun Oct 20, 2019 1:10 pm
Forum: Non-US Investing
Topic: Help with brokers
Replies: 24
Views: 1756

Re: Help with brokers

Degiro is for EU resident only. IB is best option and if you invest every month(make 10$ comission) you will not pay inactivity fee. You have to trade a lot to pay $10 in commissions per month, $120 is a lot per year whichever way you look at it. OP: you didn't mention, what citizenship(s) do you h...
by bgreat
Sat Oct 19, 2019 12:31 pm
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4075

Re: Schwab - U.S. ETFs and ETNs restrictions as of September 19

Is Switzerland affected now? Anyone checked? No. Schwab sent Swiss residents the letter, and even blocked them for a day or two, then quickly backpedalled and sent a retraction of the original letter. I suspect whoever implemented it didn't check the map before including Switzerland in the list of ...
by bgreat
Thu Oct 17, 2019 12:40 pm
Forum: Non-US Investing
Topic: Interactive Brokers alternative for Swiss
Replies: 20
Views: 1463

Re: Interactive Brokers alternative for Swiss

Really the only thing that I think is "not user friendly" with IB is how they handle selling of lots, which is something that a Boglehead might do when tax loss harvesting. With every other broker, you pick the lots when you are selling and it is pretty easy & straightforward. With IB you need to r...
by bgreat
Thu Oct 17, 2019 12:38 am
Forum: Non-US Investing
Topic: Interactive Brokers alternative for Swiss
Replies: 20
Views: 1463

Re: Interactive Brokers alternative for Swiss

Any news if US ETFs will be available for Swiss residents in 2020 on IB? Seems like there is a lot going on now. I don't think so (but I'm not enough of a lawyer to guarantee that). Switzerland is introducing some consumer protection laws loosely based on PRIIPS, but they don't have a KI(I)D requir...
by bgreat
Wed Oct 16, 2019 1:32 pm
Forum: Non-US Investing
Topic: Interactive Brokers alternative for Swiss
Replies: 20
Views: 1463

Re: Interactive Brokers alternative for Swiss

For OP: you really should persevere. There's no good alternative for currency conversion, and you'll need good currency conversion to buy US ETF's (as you already know which are optimal for taxes). You are wrong! IB TWS is for professionals not for small investors like us. So you should not use TWS....
by bgreat
Wed Oct 16, 2019 1:22 pm
Forum: Non-US Investing
Topic: How can a EU resident own physical gold? [through an ETF]
Replies: 6
Views: 710

Re: How can a EU resident own physical gold? [through an ETF]

I am looking for an ETF as a means to add gold to my portfolio. However, it seems that as a EU investor, all I can find are ETCs. An ETC does not confer ownership of the underlying asset, rather, an underwriter backs it to track the commodity price. Smells awfully fishy to me in case everyone decid...
by bgreat
Wed Oct 16, 2019 1:11 pm
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4075

Re: Schwab - U.S. ETFs and ETNs restrictions as of September 19

Unfortunately when it comes to trading, it seems it can only be done via the phone brokers, at $50 a pop. No dividend reinvestment is possible either. I'm frustrated by the additional costs associated with this, which Schwab conveniently forgot to mention in their initial email. Sounds like a good ...
by bgreat
Mon Oct 14, 2019 2:25 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 9855

Re: Do you carry your passport with you during international travel?

Technically yes. But reality may be different. I will ask my German colleagues at lunch this question and see what kind of responses I get. They told me recently NOT to carry my passport (even on day journeys by train) because it could get lost or misplaced or damaged by moisture. Technically no. G...
by bgreat
Mon Oct 14, 2019 2:17 pm
Forum: Personal Consumer Issues
Topic: Flying in the US after losing ID
Replies: 18
Views: 2648

Re: Flying in the US after losing ID

A friend left his passport behind in the rental car when he went to Charles De Gaulle airport in Paris. He was personally escorted by French security personnel thru gate after 15 minutes of questioning. He may have other IDs and they probably don't care that he's leaving their country! When he land...
by bgreat
Sun Oct 13, 2019 12:14 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 9855

Re: Do you carry your passport with you during international travel?

My GE card shows my citizenship as well as establishes my identity. Other than when checking into a hotel, I've rarely been asked to show ID outside of the country so who knows if it would actually be useful. If pressed, I could pull up a pic of my passport on my phone as well. So what? Just as a n...
by bgreat
Thu Oct 10, 2019 12:15 pm
Forum: Personal Consumer Issues
Topic: Do you carry your passport with you during international travel?
Replies: 110
Views: 9855

Re: Do you carry your passport with you during international travel?

I leave it hidden in my hotel room but not the safe as I figure that's the first place someone would look if they want to steal something. However, I travel with my Global Entry card as ID if needed. Pretty sure your global entry card has no relevance to anyone outside the US (except CATSA in Canad...
by bgreat
Sat Oct 05, 2019 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Chase Bank canceling credit cards??
Replies: 29
Views: 4830

Re: Chase Bank canceling credit cards??

From that point on, I always have multiple cards. Most sit in a box at home. Some I only use when traveling, others I rotate. For some reason people seem to think it is bad to have multiple cards, it isn't. There are drawbacks, primarily on the organisational side. Many more statements to verify, h...
by bgreat
Tue Oct 01, 2019 10:08 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to transfer NZ dollars to US bank.
Replies: 18
Views: 1207

Re: Best way to transfer NZ dollars to US bank.

My son has been working in New Zealand and will be coming back to the US in a few weeks. He is a US citizen. He has about $6000 NZ in an account with the Bank of New Zealand. He was wondering what would be the best way to get the money to his US bank account (Chase). He is wondering if there are be...
by bgreat
Tue Oct 01, 2019 10:51 am
Forum: Investing - Theory, News & General
Topic: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges
Replies: 106
Views: 10497

Re: Charles Schwab (SCHW) Eliminating Commissions for Stocks, ETFs and Options Listed on U.S. or Canadian Exchanges

So it sounds like this would apply to the International Brokerage too (they do generally have the same fees for Schwab International vs Schwab US, and their statement does state all customers will enjoy this). So the question is: will it be cheaper to trade with an Interactive Broker's standard acco...
by bgreat
Sun Sep 29, 2019 5:11 am
Forum: Investing - Theory, News & General
Topic: Interactive Brokers (Best Kept Secret)
Replies: 178
Views: 52708

Re: Interactive Brokers (Best Kept Secret)

Interactive Brokers are already so cheap, it's hard to understand the advantage. 30 cents per trade really isn't a big deal vs 0, except that it helps grab headlines and compete in the zero-commisison market. And of course, nice for new investors to not have minimums - but will conversion be possib/...
by bgreat
Sat Sep 21, 2019 10:21 am
Forum: Non-US Investing
Topic: New investor (Germany and Switzerland)
Replies: 21
Views: 1251

Re: New investor (Germany and Switzerland)

bgreat: Thanks a lot for your input! Do I understand "no capital gains tax" correctly - that means that when I sell stocks I don't pay tax for this? US-domiciled ETF's could sound interesting but only after relocation to Switzerland. But that for pointing it out! Regarding ETF's taxation in Switzer...
by bgreat
Sat Sep 21, 2019 10:04 am
Forum: Non-US Investing
Topic: Vanguard Ireland domiciled funds
Replies: 16
Views: 1192

Re: Vanguard Ireland domiciled funds

Nonetheless that was corrected 5 years ago. Vanguard etc can easily set up ETF in UK now, there must be other reasons not to. Wish they would get rid of the stamp duty on shares, but suppose the money has to come from somewhere. Now that they have large funds in IE, there's just no point in setting...
by bgreat
Thu Sep 19, 2019 10:52 am
Forum: Personal Investments
Topic: Switch to Schwab International?
Replies: 7
Views: 998

Re: Switch to Schwab International?

lower forty wrote:
Wed Sep 18, 2019 7:56 pm
If you go with a Schwab One International account you will not be allowed to hold any banking products, CDs, or mutual funds. I would keep what you have, as you have it.
But you can buy ETF's, which are generally superior to mutual funds.
by bgreat
Thu Sep 19, 2019 9:33 am
Forum: Non-US Investing
Topic: New investor (Germany and Switzerland)
Replies: 21
Views: 1251

Re: New investor (Germany and Switzerland)

German investors are taxed on dividends and realized capital gains at a rate of 26.375% without church tax and up to 28.625% including church tax depending on your religious affiliation. It does not matter if the fund distributes the dividends or reinvests them for you. For Switzerland it works exa...
by bgreat
Tue Sep 17, 2019 1:03 pm
Forum: Non-US Investing
Topic: One week out of the market?
Replies: 32
Views: 3160

Re: One week out of the market?

Some things I'm confused by or are unclear: - Does your new country charge capital gains relative to purchase price, or relative to date of taking up residency? (This varies by country, hence is important.) - Are you likely to move out of your new country at some point in the future (and do they cha...
by bgreat
Sun Sep 15, 2019 11:31 am
Forum: Non-US Investing
Topic: Not so happy in Denmark... individual stocks better than index funds? [US ex-pat]
Replies: 43
Views: 4269

Re: Not so happy in Denmark... individual stocks better than index funds?

[ quoted post removed by admin LadyGeek] You are affectively advocating lying to tax authorities in the OP's country of residence? Where you live is the country that taxes you. Their country, their laws, respect it. (US taxes on non-resident citizens are just a bonus.) But regarding OP's stock ques...
by bgreat
Sat Sep 14, 2019 11:10 am
Forum: Non-US Investing
Topic: Rest of my life portfolio for a 26 y/o from Germany
Replies: 8
Views: 1184

Re: Rest of my life portfolio for a 26 y/o from Germany

Regarding product choice: I read that if BlackRock an co. are cutting costs they often do it by launching new products and not by cutting costs on existing funds, while Vanguard (due to its mutual structure) cuts costs on existing fund. Planning to (hopefully) keep my funds for an eternity this wou...
by bgreat
Thu Sep 12, 2019 2:06 pm
Forum: Non-US Investing
Topic: Accumulating vs distributing ETFs for my case
Replies: 6
Views: 766

Re: Accumulating vs distributing ETFs for my case

Currently i have 0 capital gain tax (so buying and selling etfs does not incur any taxes) and i pay 15% tax on dividends (directly deducted from broker). Are accumulating ETFs (S&P500 and Bonds) better than distributing ones in my case from tax perspective? You need to check the tax laws in your co...
by bgreat
Mon Sep 09, 2019 9:40 am
Forum: Non-US Investing
Topic: Buying ETFs before or after dividends distribution date
Replies: 13
Views: 1389

Re: Buying ETFs before or after dividends distribution date

Note that there's also a game you can try playing in countries with no cap. gains: you can sell an investment directly before dividend dates to save yourself the dividend and thus income tax. Ideally you'd do this by converting into a different ETF/Fund invested in the same index, with different div...
by bgreat
Mon Sep 09, 2019 9:33 am
Forum: Investing - Theory, News & General
Topic: "Warren Buffett's Investing Plan for His Family: Why It's a Good Plan for Your Family, Too"
Replies: 78
Views: 8457

Re: "Warren Buffett's Investing Plan for His Family: Why It's a Good Plan for Your Family, Too"

Mr. Buffet's wife's life expectancy may be quite different to the life expectancy of other people on this forum.If you are of her age, feel free to follow the Mr. Buffet recommendation. If you are of a different age, maybe don't treat it as gospel. The risks are quite different in their scenario tha...
by bgreat
Sun Sep 08, 2019 7:15 am
Forum: Non-US Investing
Topic: Buying ETFs before or after dividends distribution date
Replies: 13
Views: 1389

Re: Buying ETFs before or after dividends distribution date

In a tax-advantaged account it won't matter tax-wise at all. In a taxable account I think it matters very little for equity funds that pay quarterly dividends if one buys up to a week before and anytime after. That's because the dividend is less than the normal possible price movement of the ETF. S...
by bgreat
Wed Sep 04, 2019 2:35 pm
Forum: Investing - Theory, News & General
Topic: Should I place ETF orders when the market is closed?
Replies: 34
Views: 1952

Re: Should I place ETF orders when the market is closed?

The questions in the title of the post is "should I place ETF orders when the market is closed?" and the answer is an unequivocal "No, not if you have any alternative". Spreads and volatility are generally much higher in the first 30 minutes of trading, and liquidity is lower. At-the-opening orders...
by bgreat
Sun Sep 01, 2019 3:00 am
Forum: Non-US Investing
Topic: UK investor. Access to Emerging Value without currency conversion charge
Replies: 14
Views: 813

Re: UK investor. Access to Emerging Value without currency conversion charge

Hi all I'm contemplating a holding in emerging value preferably an index fund. The possibilities I have found so far are ETF's based on MSCI emerging value index. Unfortunately all of these seem to have a base currency of U.S dollars and any platform that I would hold them within charge around 1% f...
by bgreat
Sat Aug 31, 2019 11:18 am
Forum: Personal Finance (Not Investing)
Topic: Any Bay Area companies hiring part-time remote programmers?
Replies: 23
Views: 2226

Re: Any Bay Area companies hiring part-time remote programmers?

Many of the big Bay Area tech companies also have other large locations in the US and all over the world. Work that can be done remotely may be done by lower paid full time employees at other locations outside the Bay Area. One other thing that has not been mentioned is that if job can be done remo...
by bgreat
Sat Aug 31, 2019 3:45 am
Forum: Personal Finance (Not Investing)
Topic: Any Bay Area companies hiring part-time remote programmers?
Replies: 23
Views: 2226

Re: Any Bay Area companies hiring part-time remote programmers?

This ex-FB guy also said that he was working 80-hour weeks at FB... This isn't fun, isn't really sustainable, and not worth it (at least in my view). He is also ex-Google, and had a multitude of other jobs. This is the other bad aspect of these tech jobs: high turnover. A colleague of mine used to ...
by bgreat
Sat Aug 31, 2019 12:57 am
Forum: Personal Finance (Not Investing)
Topic: Any Bay Area companies hiring part-time remote programmers?
Replies: 23
Views: 2226

Re: Any Bay Area companies hiring part-time remote programmers?

I'm a part-time programmer and have done some consulting for small companies / start-ups. I've reduced down on work and have been focusing on my young family the last few years, but may eventually get back into consulting / 1099 contract work. I'm surprised how high some of the software engineering...
by bgreat
Wed Aug 28, 2019 11:59 pm
Forum: Investing - Theory, News & General
Topic: Brokerages good for tax rates on ADRs? (Foreign withholding)
Replies: 15
Views: 518

Re: Brokerages good for tax rates on ADRs? (Foreign withholding)

psteinx wrote:
Wed Aug 28, 2019 3:50 pm
Yours is 1973.

Here's the 2003 convention, which I'm guessing supersedes the 1973 thing, as relevant:
Good point - that the IRS continues to prominently publish the 1973 version probably causes as much confusion to brokers as it did to me.