Search found 288 matches

by Tylenol Jones
Sat Oct 17, 2020 12:03 pm
Forum: Non-US Investing
Topic: Steps to do in the case of a US account non-resident holder death
Replies: 2
Views: 262

Steps to do in the case of a US account non-resident holder death

Many of us are having US-based brokerage or bank accounts, so I was curious if anyone knows what are the exact steps to do and forms to be filled by the relatives in the case of the account holder death? It'd be great to have a wiki page on this topic.
by Tylenol Jones
Thu Sep 24, 2020 4:40 am
Forum: Non-US Investing
Topic: Europeans - whats your net worth and age
Replies: 27
Views: 4317

Re: Europeans - whats your net worth and age

I did a tour of Vienna and I thought they had a lot of affordable housing. Is that just Vienna and not the rest of Austria? Renting is great and buying is horrible over there. I calculated once for a property there and the cost was something like 50 years worth of rent. In better parts of the city ...
by Tylenol Jones
Wed Sep 09, 2020 5:20 am
Forum: Non-US Investing
Topic: IB Doesn't Like Panama Anymore [Interactive Brokers]
Replies: 33
Views: 2908

Re: IB Doesn't Like Panama Anymore [Interactive Brokers]

Why not a US pass-though entity if you're willing to pay for a corporation? US is effectively offshore for you and you'd get access to cheaper US ETFs without worry about US estate taxes? I'd guess US companies are much cheaper to form and maintain.
by Tylenol Jones
Wed Sep 09, 2020 5:01 am
Forum: Non-US Investing
Topic: taxes in Germany for ETFs not bought in Germany?
Replies: 11
Views: 1391

Re: taxes in Germany for ETFs not bought in Germany?

1) Yes, you will pay taxes on your ETFs every year that you are a German tax resident. It doesn't matter if they are accumulating or distributing. You need to look up the Vorabpauschaule taxation treatment in Germany. Taxation of ETFs does not only occur at time of sale in Germany - it occurs every...
by Tylenol Jones
Tue Sep 01, 2020 1:28 am
Forum: Non-US Investing
Topic: Using Swiss Bank and Taxes
Replies: 30
Views: 3392

Re: Using Swiss Bank and Taxes

Why don't you go with swissquote? They are Swiss and just bought Internaxx. They also have UAE branch https://www.swissquote.ae/ If you really want to go with a pure Swiss bank then look into some of the truly stable Swiss banks such as ZKB. I think UBS is just like all these other international ban...
by Tylenol Jones
Wed Aug 26, 2020 12:32 pm
Forum: Non-US Investing
Topic: Windfall - allocation and withdrawal rate [Bosnia]
Replies: 8
Views: 795

Re: Windfall - allocation and withdrawal rate [Bosnia]

Probably unrelated, but I wouldn't think of sale of a business as a windfall. You sold one of your existing assets - it's not unexpected money that suddenly came out of nowhere. As for your approach, I'd figure out how much I need to live on for the next 20-30 years in terms of the yearly expenses....
by Tylenol Jones
Tue Aug 25, 2020 1:19 pm
Forum: Non-US Investing
Topic: Windfall - allocation and withdrawal rate [Bosnia]
Replies: 8
Views: 795

Re: Windfall - allocation and withdrawal rate [Bosnia]

Probably unrelated, but I wouldn't think of sale of a business as a windfall. You sold one of your existing assets - it's not unexpected money that suddenly came out of nowhere. As for your approach, I'd figure out how much I need to live on for the next 20-30 years in terms of the yearly expenses. ...
by Tylenol Jones
Fri Aug 21, 2020 12:12 pm
Forum: Non-US Investing
Topic: Transfering money from a foreign bank account and currency into a US account and USD
Replies: 12
Views: 943

Re: Transfering money from a foreign bank account and currency into a US account and USD

Does this work for all currencies? I'd never think I could send a random currency like that into USD account in US. Does this work with all US banks or it's a feature of Schwab accounts? Other banks have different support and routing so I cannot comment. Schwab supports the common currencies. Basic...
by Tylenol Jones
Fri Aug 21, 2020 6:35 am
Forum: Non-US Investing
Topic: Transfering money from a foreign bank account and currency into a US account and USD
Replies: 12
Views: 943

Re: Transfering money from a foreign bank account and currency into a US account and USD

i wire foreign currency to schwab, and let them (technically, their intermediary bank) handle the conversion. that's always given the best net results. Does this work for all currencies? I'd never think I could send a random currency like that into USD account in US. Does this work with all US bank...
by Tylenol Jones
Sun Jul 26, 2020 7:21 am
Forum: Non-US Investing
Topic: Tiered commission for Ireland domiciled ETF on LSE using Interactive Brokers
Replies: 7
Views: 793

Re: Tiered commission for Ireland domiciled ETF on LSE using Interactive Brokers

I always believed they have only fixed at 0.05% no up limit on LSE for USD-denominated stocks. Where did you find tiered option?
by Tylenol Jones
Thu Jul 16, 2020 9:34 am
Forum: Non-US Investing
Topic: Draft wiki page: Bogleheads investment philosophy for non-US investors
Replies: 19
Views: 1418

Re: Draft wiki page: Bogleheads investment philosophy for non-US investors

I think many non-US people live in countries with much higher social safety nets but much less after tax savings for potential investment. I think they should adopt a more aggressive approach with investments, but I'm not sure what it is.
by Tylenol Jones
Mon Jul 06, 2020 2:39 am
Forum: Investing - Theory, News & General
Topic: Help me understand this on real estate investing
Replies: 35
Views: 3238

Help me understand this on real estate investing

I read the following paragraph here https://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrible-investment/ and I'm not able to understand what he's saying: "Now, here is where my post really won’t make a lot of sense. While a house is a terrible investment, I own a house and recommend other peo...
by Tylenol Jones
Fri May 15, 2020 10:59 pm
Forum: Non-US Investing
Topic: The Mighty USD
Replies: 58
Views: 4584

Re: The Mighty USD

I think it'll be getting stronger. I think it'll be stronger than EUR and maybe even GBP.
by Tylenol Jones
Sun May 10, 2020 2:14 am
Forum: Non-US Investing
Topic: [France] First time investor lazy/permanent portfolio advice
Replies: 22
Views: 1881

Re: [France] First time investor lazy/permanent portfolio advice

I would be just simply buying a total world market ETF until I have in it at least equal to what you have in real estate. After that I'd re-evaluate my situation.
by Tylenol Jones
Fri May 08, 2020 12:33 am
Forum: Non-US Investing
Topic: How to set up first large portfolio as a novice? Nomad Freelancer/Residence Issues
Replies: 29
Views: 2172

Re: How to set up first large portfolio as a novice? Nomad Freelancer/Residence Issues

I have a Canadian and an EU passport. But I really don't live anywhere. There is no country where I spend a majority of my time or where I even have stuff. I think I've read somewhere that in order to be a non-resident in Canada you must have residency established elsewhere at all times, otherwise ...
by Tylenol Jones
Thu Apr 30, 2020 12:07 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 56
Views: 3992

Re: [AT/Austria] clarification on ETF taxes

No, these taxes are just that, income tax. For insurance (health insurance, and maybe pension insurance if you haven't got your 15 required contribution years to qualify for a pension), you have to look elsewhere, e.g. self-insure, have insurance via self-employment, work a small job above the limi...
by Tylenol Jones
Tue Apr 28, 2020 12:54 pm
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 56
Views: 3992

Re: [AT/Austria] clarification on ETF taxes

These are quite high taxes on dividends and capital gains. I wonder if there is some kind of progressive taxation for someone living off of their investments only? Yes, there is this option in Austrian tax law. You can opt to have your capital gains taxed at income tax rates (Regelbesteuerungsoptio...
by Tylenol Jones
Sat Apr 18, 2020 4:31 am
Forum: Non-US Investing
Topic: No need to invest for Europeans?
Replies: 119
Views: 6680

Re: No need to invest for Europeans?

How is it living in Europe off of your investments? For example, in Germany they have very high capital gain and dividend taxes, would you be taxed full amount no matter how small your overall investment income is or you have the same brackets as with income tax?
by Tylenol Jones
Fri Apr 17, 2020 11:28 am
Forum: Non-US Investing
Topic: [AT/Austria] clarification on ETF taxes
Replies: 56
Views: 3992

Re: [AT/Austria] clarification on ETF taxes

These are quite high taxes on dividends and capital gains. I wonder if there is some kind of progressive taxation for someone living off of their investments only?
by Tylenol Jones
Mon Oct 07, 2019 12:08 pm
Forum: Personal Finance (Not Investing)
Topic: wsj treasuries data import to google sheets
Replies: 0
Views: 329

wsj treasuries data import to google sheets

I used to be able to import data using the following

=importxml("http://www.wsj.com/mdc/public/page/2_3020-treasury.html", "//tr")

but it stopped working. Can someone with some tech skills help with the new command.
by Tylenol Jones
Tue Jul 30, 2019 5:21 am
Forum: Non-US Investing
Topic: Why it's cheaper to buy ETF on IB on LSE in USD, than in my home currency EUR?
Replies: 3
Views: 688

Re: Why it's cheaper to buy ETF on IB on LSE in USD, than in my home currency EUR?

How do you manage to get such low rates? Isn't it minimum 5 USD on LSE?
by Tylenol Jones
Thu Jul 11, 2019 12:39 pm
Forum: Non-US Investing
Topic: Is there sth like [SIPC] law in LSE?
Replies: 11
Views: 1232

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

Jing wrote: Wed Jul 10, 2019 7:04 pm 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?
You should open an account with their US branch, and double check with them that there is SIPC coverage for the account you want to open.
by Tylenol Jones
Wed Jul 10, 2019 12:26 pm
Forum: Non-US Investing
Topic: Is there sth like [SIPC] law in LSE?
Replies: 11
Views: 1232

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

If you have an account with a US-based [SIPC]-insured broker than all your holdings are insured no matter what exchange they are bought at. (At least this is what I was told by IB when I enquired shortly after opening an account with them many years ago.) [Acronym corrected by moderator oldcomputerg...
by Tylenol Jones
Sun Jun 23, 2019 7:26 am
Forum: Non-US Investing
Topic: Why no total US market ETF outside US - only S&P500
Replies: 5
Views: 774

Re: Why no total US market ETF outside US - only S&P500

There is US total market ETFs available outside of the US, so your sweeping generalization is wrong. Here's Australia https://www.vanguardinvestments.com.au/retail/ret/investments/product.html#/fundDetail/etf/portId=0970/assetCode=equity/?overview Here's Mexico https://www.vanguardmexico.com/web/cf...
by Tylenol Jones
Sat Jun 22, 2019 7:26 am
Forum: Non-US Investing
Topic: Why no total US market ETF outside US - only S&P500
Replies: 5
Views: 774

Why no total US market ETF outside US - only S&P500

Even Vanguard who is supposedly claiming total US market is better than S&P500 is offering only S&P500 outside US? Is this because of the cost of tracking various indices or it's just that S&P500 is more marketable to non-US investors?
by Tylenol Jones
Mon Jun 10, 2019 10:09 pm
Forum: Non-US Investing
Topic: [Wiki] Bond ETF Non US resident withholding tax
Replies: 33
Views: 3775

Re: [Wiki] Bond ETF Non US resident withholding tax

Not sure about this, but it's worth pointing out that US treasuries bought directly are probably the most non-US person friendly asset - many brokers provide them with zero commission, 0% interest tax, and 0% estate tax. For bond ETFs even if you don't have interest tax, you do have estate tax, so ...
by Tylenol Jones
Fri May 24, 2019 12:42 am
Forum: Non-US Investing
Topic: [Wiki] Bond ETF Non US resident withholding tax
Replies: 33
Views: 3775

Re: [Wiki] Bond ETF Non US resident withholding tax

Not sure about this, but it's worth pointing out that US treasuries bought directly are probably the most non-US person friendly asset - many brokers provide them with zero commission, 0% interest tax, and 0% estate tax. For bond ETFs even if you don't have interest tax, you do have estate tax, so w...
by Tylenol Jones
Sat May 04, 2019 9:53 pm
Forum: Non-US Investing
Topic: US domiciled bond ETFs for european ?
Replies: 6
Views: 807

Re: US domiciled bond ETFs for european ?

If you'd be happy with only US bonds then you can buy treasuries *directly* and it that case you don't have to worry about estate taxes. As a NRA you also pay 0% tax on distributed income from treasuries so tax-wise they are the most attractive investment that a NRA can have in US.
by Tylenol Jones
Fri May 03, 2019 9:58 pm
Forum: Non-US Investing
Topic: gold etf
Replies: 7
Views: 1309

Re: gold etf

Does anyone know what are the best options for gold etf purchases now outside US? There is a new Perth Mint Physical Gold ETF that is Australian government backed and costs only 0.18 but it seems it is listed only in US. If you are a US citizen or US based wouldn't the PFIC rules kill you? Not a US...
by Tylenol Jones
Fri May 03, 2019 5:22 am
Forum: Non-US Investing
Topic: gold etf
Replies: 7
Views: 1309

gold etf

Does anyone know what are the best options for gold etf purchases now outside US? There is a new Perth Mint Physical Gold ETF that is Australian government backed and costs only 0.18 but it seems it is listed only in US.
by Tylenol Jones
Sun Mar 24, 2019 1:06 pm
Forum: Non-US Investing
Topic: Investing amid uncertainty and no safety net [Canadian ex-pat in Asia]
Replies: 9
Views: 970

Re: Investing amid uncertainty and no safety net [Canadian ex-pat in Asia]

I'd aim towards some balance with respect to risk. Since you are taking quite a bit of risk on the career side and getting rewarded for it, I'd take less risk on the portfolio side just to achieve some kind of peace of mind - especially during the downturns that might negatively affect your career a...
by Tylenol Jones
Wed Mar 20, 2019 2:04 am
Forum: Non-US Investing
Topic: IB: VWRD new margin requirement 100% due to low trading volume
Replies: 14
Views: 1476

Re: IB: VWRD new margin requirement 100% due to low trading volume

I've been buying VWRD without paying attention to liquidity. I just paid attention to AUM.

I guess the best now is to keep what I already have in it and put new money in IWDA (and EIMI).
by Tylenol Jones
Sun Jan 20, 2019 1:09 pm
Forum: Investing - Theory, News & General
Topic: John Bogle has died at age 89
Replies: 856
Views: 61909

Re: John Bogle has died at age 89

Thank you Mr. Bogle.
Rest in Peace.
by Tylenol Jones
Sun Aug 26, 2018 4:51 am
Forum: Personal Finance (Not Investing)
Topic: How do you calculate net worth with pensions?
Replies: 105
Views: 7523

Re: How do you calculate net worth with pensions?

I'd just calculate how much that pension is worth with respect to your planned withdrawal rate.

For example, if you're planning on withdrawing 4% per year, and your pension is 50K per year, then your pension is worth 50K/4% = 1,250,000 saved and invested.
by Tylenol Jones
Sun Aug 19, 2018 11:05 am
Forum: Non-US Investing
Topic: No tax on capital gain while changing country of residency?
Replies: 8
Views: 601

Re: No tax on capital gain while changing country of residency?

You'll pay capital gains tax according to the laws of whatever country you are resident at the time when you sell your shares.
by Tylenol Jones
Sun Aug 19, 2018 12:27 am
Forum: Personal Consumer Issues
Topic: Info on Al-Farabi Kazakh National University
Replies: 28
Views: 2837

Re: Info on Al-Farabi Kazakh National University

I try so hard not to make any reference to Borat documentary...
by Tylenol Jones
Sun Dec 24, 2017 5:42 am
Forum: Personal Finance (Not Investing)
Topic: Anything new on estate taxes for non-resident aliens?
Replies: 3
Views: 561

Anything new on estate taxes for non-resident aliens?

I've read that the estate tax exemption has doubled for US persons with passing of this new tax law. Any updates on non-resident aliens or it's staying at 60K?
by Tylenol Jones
Tue Dec 05, 2017 2:04 am
Forum: Non-US Investing
Topic: Global nomad advice/newbie alert
Replies: 24
Views: 3240

Re: Global nomad advice/newbie alert

If you've never invested before, I'd go few years with a bit more conservative approach especially given the current high market valuations. I'd do 50:50 bonds:VWRD. I wouldn't slice but I'd just stick with VWRD. Bond part should include emergency fund. If you have already separate emergency fund, t...
by Tylenol Jones
Sun Sep 24, 2017 12:19 pm
Forum: Non-US Investing
Topic: SP500 for a European expat
Replies: 8
Views: 1154

Re: SP500 for a European expat

It seems fine if you know why you'd do it. I'd just stick with total world ETF. I think USD-denominated ETFs tend to be more liquid, so you might want to stick to them. You'll probably have much better conversion rate AED to USD than AED to EUR anyways.
by Tylenol Jones
Fri Sep 22, 2017 5:45 am
Forum: Non-US Investing
Topic: Can non US citizen create corporation in US to invest in vanguard
Replies: 39
Views: 4509

Re: Can non US citizen create corporation in US to invest in vanguard

Sure, you can do it, but you'll be paying for administering that company and you'll be paying US taxes as a US company and you'll be taxed then on anything you take out of that company back in your country. You'd better follow the general recommendation on this forum for your case: open an Interacti...
by Tylenol Jones
Thu Jul 27, 2017 4:37 am
Forum: Investing - Theory, News & General
Topic: Investment Risk Question - Interactive Brokers
Replies: 22
Views: 4203

Re: Investment Risk Question - Interactive Brokers

Note, since you can easily create new accounts at IB, I was curious if separate accounts each carry separate SIPC insurance and they said no. It seems no matter how many accounts you have with them, you are covered only up to 500K. This might be true for the other brokers too. That's a good point T...
by Tylenol Jones
Thu Jul 27, 2017 2:49 am
Forum: Investing - Theory, News & General
Topic: Investment Risk Question - Interactive Brokers
Replies: 22
Views: 4203

Re: Investment Risk Question - Interactive Brokers

Note, since you can easily create new accounts at IB, I was curious if separate accounts each carry separate SIPC insurance and they said no. It seems no matter how many accounts you have with them, you are covered only up to 500K. This might be true for the other brokers too.
by Tylenol Jones
Thu Jul 27, 2017 2:47 am
Forum: Investing - Theory, News & General
Topic: Investment Risk Question - Interactive Brokers
Replies: 22
Views: 4203

Re: Investment Risk Question - Interactive Brokers

Yes, I do believe that Irish ETFs are covered by SIPC too. Anyways many US residents are investing on foreign exchanges through IB and other brokers, so I'm sure they'd had to point out non-coverage of foreign exchanges under SIPC if it was true.
by Tylenol Jones
Thu Jul 27, 2017 2:35 am
Forum: Non-US Investing
Topic: Retirement investing for EU citizen [Slovenia]
Replies: 23
Views: 2370

Re: Retirement investing for EU citizen [Slovenia]

Yes, you can treat your pension as fixed income part of your portfolio. For example, if you expect 1K EUR/month in retirement money, that's 12K/year and at, for example, 4% withdrawal rate, you can assume that you have 12K/0.04 = 300K EUR invested in fixed income. You can scale it wrt the number of ...
by Tylenol Jones
Wed Jul 26, 2017 12:59 am
Forum: Investing - Theory, News & General
Topic: Are bitcoins nonsense?
Replies: 73
Views: 8448

Re: Are bitcoins nonsense?

Bitcoin is a fine technology. Actually a significant breakthrough - kinda working - implementation of a set of challenging computer science problems. The original financial motivation behind it is also fine - Bitcoin is supposed to be a "stable" currency with clearly defined inflation rate. What is ...
by Tylenol Jones
Tue Jul 25, 2017 5:23 am
Forum: Non-US Investing
Topic: Why non-US investors prefer iShares when other Irish ETFs have lower TER? [non-US/Europe]
Replies: 22
Views: 2262

Re: Why non-US investors prefer iShares when other Irish ETFs have lower TER? [non-US/Europe]

Even these ETFs with "large" AUM are a joke compared to US ETFs. And the fees are outrageous compared to US fees (from ETFs all the way down to costs of simple banking services). I'm more curious why Europeans are not investing more? Or why there are not able to have more competitively priced bankin...
by Tylenol Jones
Mon Jul 24, 2017 4:34 am
Forum: Non-US Investing
Topic: Resident Alien now expatriated need help sorting out my US accounts
Replies: 12
Views: 1744

Re: Resident Alien now expatriated need help sorting out my US accounts

Don't transfer your money to anyone just because you're not able to keep an account. Your wife will probably have even more problems than you just because she's US citizen. If she'll be non-resident she won't be able to keep the accounts the same way as you, and she also won't be able to open accoun...