Search found 22 matches

by DXBinvest
Tue Sep 01, 2020 2:12 pm
Forum: United Arab Emirates
Topic: First time investor at 24 y.o. with $1.5m, based in the UAE.
Replies: 15
Views: 6754

Re: First time investor at 24 y.o. with $1.5m, based in the UAE.

The ishares Core Global Aggregate Bond UCITS ETF has a Net Assets of Fund = USD 1,880,903,700. This is divided today (02-April-2019) as follows: AGGG - USD unhedged distributing : USD 306,445,615 AGGU - USD hedged Accummulating : USD 1,049,468,447 AGGH - EUR hedged Accummulating : EUR 294,401,485 A...
by DXBinvest
Tue Sep 01, 2020 1:59 pm
Forum: United Arab Emirates
Topic: Non US, non Europe based broker with access to Irish ETFs ?
Replies: 13
Views: 2441

Re: Non US, non Europe based broker with access to Irish ETFs ?

Bummer, it seems Citibank Dubai charges 1% of traded amount per transaction and 0.2% custody fees per year, which is way too high https://en.wikipedia.org/wiki/Citibank_United_Arab_Emirates#Online_brokerage I will keep looking for Asian based online brokers. Did you really take it from Wikipedia, i...
by DXBinvest
Tue Sep 01, 2020 1:44 pm
Forum: United Arab Emirates
Topic: My First Lazy Portfolio with $1M [UAE]
Replies: 7
Views: 1632

Re: My First Lazy Portfolio with $1M [UAE]

Just wondering. Don't investors normally at your age and time frame horizon of 5-10 years go with something like 100% stocks or 80% stocks / 20% bonds?
by DXBinvest
Tue Sep 01, 2020 12:30 am
Forum: United Arab Emirates
Topic: Internaxx migration to Swissquote
Replies: 5
Views: 1092

Re: Internaxx migration to Swissquote

I called BGL BNP Paribas but their customer service is very inexperienced. Their website requested a phone call to open an account so I called them but they have no idea how to continue the application. They opened a support ticket a week and no one returned yet. Apparently they no longer open acco...
by DXBinvest
Tue Aug 25, 2020 9:32 am
Forum: United Arab Emirates
Topic: Internaxx migration to Swissquote
Replies: 5
Views: 1092

Re: Internaxx migration to Swissquote

911 wrote: Tue Aug 25, 2020 7:21 am Do you have a BGL BNP Paribas account(UAE resident)? I tried to open but not possible, they require a phone call to the customer service.
No, I don't. Before it was possible to apply online but now they require a phone call indeed.
by DXBinvest
Sun Aug 23, 2020 2:45 pm
Forum: United Arab Emirates
Topic: Internaxx migration to Swissquote
Replies: 5
Views: 1092

Re: Internaxx migration to Swissquote

Similar issues here. In fact the customer support has become useless. They answer internal messages after 2 weeks. I had better hopes for SwissQuote Luxembourg to be honest. The problem is for 7 figures portfolios they are in fact quite cheap. Apparently BGL Luxembourg is very good to deal with but ...
by DXBinvest
Tue Aug 20, 2019 1:05 am
Forum: Non-US Investing
Topic: Broker similar to IBKR
Replies: 18
Views: 1557

Re: Broker similar to IBKR

Can you open/manage an account with SC Singapore as a non resident? I am not sure but it should be possible. I had my account opened as a resident, so I just kept it later and they never closed it despite I am no longer a resident since few years already. I didn't also keep any substantial cash the...
by DXBinvest
Mon Aug 19, 2019 1:28 pm
Forum: Non-US Investing
Topic: Broker similar to IBKR
Replies: 18
Views: 1557

Re: Broker similar to IBKR

The big plus point of SC is zero custody fees despite having access to global markets (like LSE). 0.2% isn't too bad for a trade... IBKR is 0.1% on the LSE. Saxo (my backup broker) is simply worse on both counts. Saxo is also horrible on the FX... so I'd say if you can handle the FX properly with S...
by DXBinvest
Fri Aug 09, 2019 12:49 pm
Forum: Non-US Investing
Topic: Broker Diversification
Replies: 23
Views: 1941

Re: Broker Diversification

Also the question is how much does long term investor really risk by putting all eggs into one basket? Few days back SVS Securities UK has collapsed and as per this article all shares will be returned to the owners, the question is when. Clients investments should be put under custodian accounts and...
by DXBinvest
Mon Aug 05, 2019 12:59 pm
Forum: Non-US Investing
Topic: Interactive Brokers - European
Replies: 5
Views: 662

Re: Interactive Brokers - European

When you open IB account in Europe, you'll be transferring money to Interactive Brokers UK Ltd. Death tax will not matter if you don't buy US stocks directly, or US-domiciled ETFs. [...] The shares however (regardless if US stocks or not) are still held by IB LLC US. IB UK is just intermediary for ...
by DXBinvest
Sat Jul 27, 2019 6:32 am
Forum: Non-US Investing
Topic: Best non-US broker in July 2019?
Replies: 11
Views: 1465

Re: Best non-US broker in July 2019?

IB isn't a US based broker. I opened my account with INTERACTIVE BROKERS HONG KONG LIMITED is regulated by the Hong Kong Securities and Futures Commission, and is a member of the SEHK and the HKFE. Registered Office: Suite 1512, Two Pacific Place, 88 Queensway, Admiralty, Hong Kong SAR You haven't ...
by DXBinvest
Tue Jul 23, 2019 2:25 pm
Forum: Non-US Investing
Topic: global bond etf - "eur hedged" if you don't trust the euro ?
Replies: 10
Views: 1257

Re: global bond etf - "eur hedged" if you don't trust the euro ?

While the general recommendation I read here supports "hedging", Andrew Hallam is against it:
https://www.theglobeandmail.com/globe-i ... le8916824/
by DXBinvest
Mon Jul 15, 2019 6:53 am
Forum: Non-US Investing
Topic: Is there sth like [SIPC] law in LSE?
Replies: 11
Views: 1238

Re: Is there sth like [SIPC] law in LSE?

But if I use IB to trade in the LSE,in fact I trade in the IB(UK)company. Can it still be protect by SPIC which is in USA? From SIPC (found on another forum): "Interactive Brokers UK (IB UK) is a subsidiary of IB LLC, so it is not a SIPC member. If it failed, SIPC could not intervene to protec...
by DXBinvest
Mon Jul 15, 2019 6:49 am
Forum: Non-US Investing
Topic: SIPC coverage for Irish-domiciled ETFs
Replies: 24
Views: 2364

Re: SIPC coverage for Irish-domiciled ETFs

For a broker with SPIC insurance, only certain classes of assets are covered by that insurance. I have seen some bizarre things within a brokerage account that I would not think would be covered. It like if you car caught fire while parked on the street - I don't think you house insurance would cov...
by DXBinvest
Sun Jul 14, 2019 10:46 am
Forum: Non-US Investing
Topic: SIPC coverage for Irish-domiciled ETFs
Replies: 24
Views: 2364

Re: SIPC coverage for Irish-domiciled ETFs

I don't think citizenship matters. Where is your brokerage account located? If in the US, then under SPIC. If you account is located in the EU, then FCA. etc. Nowhere yet but it would fall under US if I would open it being UAE resident. I am still contemplating whether IB is actually the safest cho...
by DXBinvest
Sun Jul 14, 2019 9:51 am
Forum: Non-US Investing
Topic: SIPC coverage for Irish-domiciled ETFs
Replies: 24
Views: 2364

Re: SIPC coverage for Irish-domiciled ETFs

Also by what they write https://brokerchooser.com/broker-review ... art-safety, it seems that for europeans (residents or citizens as they don't define?...) the IB UK protection may apply for non-US stocks...
by DXBinvest
Sun Jul 14, 2019 9:19 am
Forum: Non-US Investing
Topic: SIPC coverage for Irish-domiciled ETFs
Replies: 24
Views: 2364

Re: SIPC coverage for Irish-domiciled ETFs

I think it was posted in this thread that only securities that file with the SEC are covered by SPIC. This kind of makes sense. One has to draw the line someplace. I would not think that Irish domiciled would file with the SEC. The is a expense in preparing the required reports, the audits, etc. So...
by DXBinvest
Sat Jul 13, 2019 3:22 pm
Forum: Non-US Investing
Topic: Interactive Brokers fee structure for passive investors
Replies: 43
Views: 6392

Re: Interactive Brokers fee structure for passive investors

How is the $100,000 calculated by IB? Is the initial deposit and investment or some average of total investments for certain period? So if someone deposit $100,000 and invest, but value of investments drops below $100k, will there be $10 charge?
by DXBinvest
Sat Jul 13, 2019 8:18 am
Forum: Non-US Investing
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 105
Views: 41409

Re: Non-US citizen with US Brokers: Estate Tax risk?

Maybe I got it wrong, it seems securities are insured up to $500,000, while $250,000 limit apply to cash balance at the broker (uninvested money). Does it double for joint account holders? https://www.sipc.org/for-investors/investors-with-multiple-accounts "Joe and Mary are married and they hav...
by DXBinvest
Wed Jul 10, 2019 1:47 am
Forum: Non-US Investing
Topic: Non-US citizen with US Brokers: Estate Tax risk?
Replies: 105
Views: 41409

Re: Non-US citizen with US Brokers: Estate Tax risk?

I read the whole very interesting thread but it seems there is no clear answer really. I still wonder whether Interactive Brokers US is actually the best or the worst choice for non-US person, non-US resident, non-US ties: 1. I think the strongest point of IB for non US person and non-US resident is...
by DXBinvest
Mon Jul 08, 2019 3:00 am
Forum: Non-US Investing
Topic: AGGG vs AGGU? (French, 30, living in Singapore)
Replies: 49
Views: 4776

Re: AGGG vs AGGU? (French, 30, living in Singapore)

Typically the cost of hedging is linked to the difference of the interest rates for the lenght of the hedging chosen. (Not sure where your 1-2% number comes from.) 1-2% was taken from @valuethinker post earlier in this thread, he wrote: "the cost of hedging the USD exposure back to the EUR wil...
by DXBinvest
Sun Jul 07, 2019 4:09 pm
Forum: Non-US Investing
Topic: AGGG vs AGGU? (French, 30, living in Singapore)
Replies: 49
Views: 4776

Re: AGGG vs AGGU? (French, 30, living in Singapore)

I am new into investing, trying to figure out the symbol "maze" across exchanges. However I have something interesting to add or rather ASK in this topic. As it has been said all of these symbols: AGGG, AGBP, AGGU, AGGH are of the same fund. The difference lies in distributing vs hedged fu...