Search found 18 matches

by cafe72
Mon Nov 11, 2019 6:52 am
Forum: Non-US Investing
Topic: EU investor: 7M+ in VWRA vs SWDA + EIMI (or a combination) and partially hedged global govt bond ETF
Replies: 14
Views: 962

Re: EU investor: 7M+ in VWRA vs SWDA + EIMI (or a combination) and partially hedged global govt bond ETF

I keep no more than 20% of my investable assets at brokerages only because of counterparty risk then? Do you keep your securities at a stand-alone custodian bank(s) then, which you transfer over from your brokerage account after trade executions? IB has the following custodian bank s that hold the ...
by cafe72
Sun Nov 10, 2019 7:46 am
Forum: Non-US Investing
Topic: EU investor: 7M+ in VWRA vs SWDA + EIMI (or a combination) and partially hedged global govt bond ETF
Replies: 14
Views: 962

Re: EU investor: 7M+ in VWRA vs SWDA + EIMI (or a combination) and partially hedged global govt bond ETF

If you are domiciled in one of the handful of countries with a useful US estate tax treaty -- a category that includes both Germany and Italy -- you should be covered up to US$11mm Could you share a link that explains this? I wonder if this applies to Ireland as well. I'd be more concerned about th...
by cafe72
Fri Nov 08, 2019 2:37 am
Forum: Non-US Investing
Topic: EU investor: 7M+ in VWRA vs SWDA + EIMI (or a combination) and partially hedged global govt bond ETF
Replies: 14
Views: 962

Re: EU investor: 7M+ in VWRA vs SWDA + EIMI (or a combination) and partially hedged global govt bond ETF

your worldwide estate exceeds even this $11mm; in fact, you are investing more than this through IB, and IB is a US based brokerage. Are you confident that you will be dealing exclusively with the non-US branch of IB, and that this will insulate you from any and all US tax entanglements? From what ...
by cafe72
Thu Nov 07, 2019 6:14 am
Forum: Non-US Investing
Topic: EU investor: 7M+ in VWRA vs SWDA + EIMI (or a combination) and partially hedged global govt bond ETF
Replies: 14
Views: 962

EU investor: 7M+ in VWRA vs SWDA + EIMI (or a combination) and partially hedged global govt bond ETF

Fellow Bogleheads, I finally opened my IB account and I am getting ready for the execution plan. I just have a few more questions. You guys have been a godsend for my family so far, many thanks! 1.) VWRA vs SWDA + EIMI? if I'm putting 7M + in accumulating equity From what I have read on here and els...
by cafe72
Mon Nov 04, 2019 7:32 am
Forum: Non-US Investing
Topic: Italy - Global Govt bond ETF (.25% TER) vs Aggregate bond fund (.1%)
Replies: 9
Views: 582

Re: Italy - Global Govt bond ETF (.25% TER) vs Aggregate bond fund (.1%)

0.15% on EUR 100k is 150 EUR a year. OK over 30 years say, compounded, that's significant. But it is really only 150 EUR a year. You can spend that on a meal for 2 in any major Italian city. I think it's more important to have stability in the bond portion of your asset allocation, so I'd go for th...
by cafe72
Sun Nov 03, 2019 10:36 am
Forum: Non-US Investing
Topic: Italy - Global Govt bond ETF (.25% TER) vs Aggregate bond fund (.1%)
Replies: 9
Views: 582

Re: Italy - Global Govt bond ETF (.25% TER) vs Aggregate bond fund (.1%)

when you say the Italian government taxes bonds at the lower rates you quote above, does that mean actual bonds? Does the tax apply to bond funds and/or bond ETFs? Applies to bond funds/ETFs as well. So in an aggregate fund, the lower tax rate would be applied only to the % of treasury bonds, and t...
by cafe72
Sun Nov 03, 2019 8:21 am
Forum: Non-US Investing
Topic: Italy - Global Govt bond ETF (.25% TER) vs Aggregate bond fund (.1%)
Replies: 9
Views: 582

Italy - Global Govt bond ETF (.25% TER) vs Aggregate bond fund (.1%)

Fellow Bogleheads, Italy has a 12.5% dividends and capital gains tax on government bonds and 26% on other bonds . Boglehead therefore suggests Italian residents to invest in government bonds only . However, since the aggregate fund AGGH has a 0.1% TER and the Govt fund IGLE a 0.25% TER , is IGLE sti...
by cafe72
Sat Nov 02, 2019 6:56 am
Forum: Non-US Investing
Topic: EU investor - keeping 1.5M in deposit/savings vs bonds/MMF during a downturn
Replies: 2
Views: 272

EU investor - keeping 1.5M in deposit/savings vs bonds/MMF during a downturn

Fellow Bogleheads, Quick questions: 1.) Does the EU insure 100k of all of your deposit/savings accounts put together or for each one? If I have 2 accounts in Italy at 100k each and 1 account in Germany at 100k, how much would be insured? How can I optimize for this so that I can keep as much protect...
by cafe72
Thu Oct 31, 2019 12:56 pm
Forum: Non-US Investing
Topic: ETF questions (EU) - US taxes, global gov bond ETF hedged to EUR, annual report, IB base currency
Replies: 11
Views: 520

Re: EU investor - 7M bond exposure breakdown, G7 WGBI index, S Corp/gift tax Germany

From memory, over 40% of the European govt bond index is Italian govt bonds. You are making a big bet on Italy. I would rather own a global govt bond fund, hedged into Euros. - SEGA has 23% in italian bonds - IBGS has 30% in italian bonds. - the only global govt bond fund hedged to EUR - IGLE - has...
by cafe72
Thu Oct 31, 2019 5:28 am
Forum: Non-US Investing
Topic: ETF questions (EU) - US taxes, global gov bond ETF hedged to EUR, annual report, IB base currency
Replies: 11
Views: 520

Re: ETF questions (EU) - €7M bond exposure breakdown, G7 US taxes, annual report

quick search on iShares and I find the IGLE ticker. 1.) Thanks! So I'm trying to work backwards in trying to figure out what my bonds exposure breakdown should be and then pick funds accordingly. So for a HNWI who wants to place 7 million in bonds and who wants stability and good interest what shou...
by cafe72
Thu Oct 31, 2019 5:25 am
Forum: Non-US Investing
Topic: ETF questions (EU) - US taxes, global gov bond ETF hedged to EUR, annual report, IB base currency
Replies: 11
Views: 520

EU investor - 7M bond exposure breakdown, G7 WGBI index, S Corp/gift tax Germany

[Thread merged into here, see below. --admin LadyGeek] Fellow Bogleheads, I have 3 questions. 1.) I'm trying to figure out what my 6-7M bonds exposure breakdown should be. Could you evaluate my criteria and construction idea: my criteria: (for Italy) - 50% in euro denominated gov bonds - average 7 ...
by cafe72
Wed Oct 30, 2019 3:10 pm
Forum: Non-US Investing
Topic: ETF questions (EU) - US taxes, global gov bond ETF hedged to EUR, annual report, IB base currency
Replies: 11
Views: 520

Re: ETF questions (EU) - US taxes, global gov bond ETF hedged to EUR, annual report, IB base currency

If you are earning in Euros I wouldn't bother with SGLU, its hedged back to dollars. Yes but having dollars as a European might be good due to the instability of the Euro region that's increasing inflation. Minor detail though. I just read it on this forum that some hedge to EUR and dollars. Strang...
by cafe72
Wed Oct 30, 2019 11:31 am
Forum: Non-US Investing
Topic: ETF questions (EU) - US taxes, global gov bond ETF hedged to EUR, annual report, IB base currency
Replies: 11
Views: 520

ETF questions (EU) - US taxes, global gov bond ETF hedged to EUR, annual report, IB base currency

Fellow Bogleheads, I have a few technical and clarifying questions about ETFs: 1.) From what I learned, as an Italian investor holding equity ETFs domiciled in Ireland I am subject to a 15% US tax on dividends from US stocks. 1a) Does the equity ETF pay the US dividends tax for me or do I have to fi...
by cafe72
Thu Oct 24, 2019 5:41 am
Forum: Non-US Investing
Topic: bad experience with fee-only financial advisor in Europe (EU) - HNWI Italy
Replies: 1
Views: 273

bad experience with fee-only financial advisor in Europe (EU) - HNWI Italy

Fellow Bogleheads, I would really appreciate your help again! I hope I'm not too greedy since this is my second post in 3 weeks. I was wondering if you know of any fee-only (flat fee/hourly) advisors in the EU that work across Europe. I know I have all of the resources I need to be able to do the in...
by cafe72
Sun Oct 13, 2019 5:09 pm
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1412

Re: portfolio advice: HNWI Early retiree from Italy/Germany

BeBH65 - thanks for responding again! two things: 1. your advice about making different AA's for each horizon was a very useful way of thinking about it. My new asset allocation idea below reflects that 2. optimizing for the fiscal regime - got it, so accumulating ETFs and withdraw if needed finrod...
by cafe72
Wed Oct 09, 2019 3:15 pm
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1412

Re: portfolio advice: HNWI Early retiree from Italy

Hi BeBH65, Thanks so much for your detailed response! I have a few followup questions if you don't mind. 1a.) What asset allocation would you recommend? I'm not sure if you know the italian and german tax laws but they are the following: - Italy: 26% tax on distributed etf equity dividends, no tax o...
by cafe72
Sun Oct 06, 2019 10:15 am
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1412

Re: portfolio advice: HNWI Early retiree from Italy/Germany

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 cafe72
Sat Oct 05, 2019 12:00 pm
Forum: Non-US Investing
Topic: portfolio advice: HNWI Early retiree from Italy/Germany
Replies: 9
Views: 1412

portfolio advice: HNWI Early retiree from Italy/Germany

Dear fellow Bogleheads, I will be asking advice on behalf of my father. He just retired in Italy and will be needing a fixed income until his public pension kicks in in 7 years. I'd really appreciate any advice! Country of Residence: Italy International Lifestyle:  plans to buy a 1.5 million euro ap...