Search found 88 matches

by theresearcher
Mon Oct 19, 2020 6:32 pm
Forum: Investing - Theory, News & General
Topic: Foreign Stock Rights Issue - Can US Investors Participate?
Replies: 5
Views: 400

Re: Foreign Stock Rights Issue - Can US Investors Participate?

Ex-rights. https://www.merriam-webster.com/legal/ex-rights Similar to ex-dividend. Once the stock goes ex-rights, new purchasers of the stock will not have the right to purchase new shares at a concessional rate (this will be retained by the seller of the stock, or expired) and the price will adjust...
by theresearcher
Sat Oct 17, 2020 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Tax strategies and advice for inherited IRA, stocks and real estate
Replies: 8
Views: 573

Re: Tax strategies and advice for inherited IRA, stocks and real estate

IRA assets should follow beneficiary nominations (and excluded from the will)- only if no beneficiary nomination was made should the IRA balance be included in the estate.
by theresearcher
Sat Oct 17, 2020 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tax strategies and advice for inherited IRA, stocks and real estate
Replies: 8
Views: 573

Re: Tax strategies for inherited retirement accounts, real estate and stocks

Not possible to give any meaningful comments regarding the IRA balance unless you can clarify did your father name beneficiaries on the IRA. If yes, then the IRA gets split based on the beneficiary nomination (each gets an Inherited IRA- normally must be drawn down within 10 years) and the IRA balan...
by theresearcher
Sat Oct 17, 2020 4:24 pm
Forum: Non-US Investing
Topic: Steps to do in the case of a US account non-resident holder death
Replies: 2
Views: 223

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

It's likely bank/broker dependent but could include the following: IRS form 706-NA for the (foreign) estate Form W8-BEN for either the estate itself and/or foreign beneficiaries Grant of Probate- or an equivalent process for small estates- in the State where the account is deemed to be located. Many...
by theresearcher
Sat Oct 17, 2020 4:16 pm
Forum: Investing - Theory, News & General
Topic: Foreign Stock Rights Issue - Can US Investors Participate?
Replies: 5
Views: 400

Re: Foreign Stock Rights Issue - Can US Investors Participate?

Talk to your broker (assuming you are holding these shares in a U.S. brokerage account)- but if the company says you can't participate then usually you can't. There are numerous requirements they would have to meet with the SEC if they wished to raise new capital from U.S. investors. The way the rig...
by theresearcher
Sun Oct 11, 2020 12:01 pm
Forum: Non-US Investing
Topic: UK HMRC nudge letter overseas assets income gains
Replies: 11
Views: 826

Re: UK HMRC nudge letter overseas assets income gains

There are time limits for HMRC to assess outstanding taxes. The ordinary limit is 4 years. It can be 6 years in case of careless conduct (which needs to be proved) or 20 years for deliberate misstatement (higher bar to prove). https://www.gov.uk/hmrc-internal-manuals/compliance-handbook/ch50000 - CH...
by theresearcher
Sat Oct 10, 2020 1:07 pm
Forum: Personal Investments
Topic: Calculating wash sale on Vanguard ETF when replacement shares were the mutual fund?
Replies: 22
Views: 1164

Re: Calculating wash sale on Vanguard ETF when replacement shares were the mutual fund?

So since the sale is a wash doesn't the brokerage adjust the basis $178 upward for the purchased lot of VTIAX on 10/7? The broker obligations extend only to identify wash sales based on same CUSIP/same account (and on covered securities). VTIAX and VXUS have a different CUSIP and a Roth account is ...
by theresearcher
Sat Oct 10, 2020 12:58 pm
Forum: Personal Investments
Topic: Total Stock Market > SP500 + mid + small...how?
Replies: 6
Views: 837

Re: Total Stock Market > SP500 + mid + small...how?

rgs92 wrote: Sat Oct 10, 2020 12:56 pm So should I buy a little Tesla in addition to my Total Stock Market index just in the name of buying the whole forest since it's excluded?
Tesla is included in Total Stock Market. It is part of the Extended Market (non-S&P 500). However it is not part of the majority of Small/Mid Cap indexes.
by theresearcher
Sat Oct 10, 2020 12:31 pm
Forum: Personal Investments
Topic: Total Stock Market > SP500 + mid + small...how?
Replies: 6
Views: 837

Re: Total Stock Market > SP500 + mid + small...how?

Small and Mid Cap indexes do not necessarily capture all non-S&P 500 stocks. For example, Tesla (TSLA) is currently excluded from both the S&P 500 and a number of small/mid cap indexes. However, it is part of the Extended Market index which captures all non-S&P 500 stocks. Performance on S&P 500 Ind...
by theresearcher
Thu Oct 08, 2020 7:11 pm
Forum: Personal Investments
Topic: Savings accounts for immigrants
Replies: 19
Views: 1397

Re: Savings accounts for immigrants

Perhaps consider alternatives to Ally Bank.
https://www.bankrate.com/banking/savings/rates/
by theresearcher
Thu Oct 08, 2020 7:04 pm
Forum: Investing - Theory, News & General
Topic: IRS compliance: Inheriting/gift in another country
Replies: 1
Views: 278

Re: IRS compliance: Inheriting/gift in another country

Form 3520 instructions. Only if $100k or more received from a non-resident alien's estate (or as a gift) in the year. This form is filed separately from tax return. https://www.irs.gov/instructions/i3520 The interest in a foreign estate may be reportable on form 8938. Cash or financial assets receiv...
by theresearcher
Wed Oct 07, 2020 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Financial aspects from death in family - help needed!
Replies: 5
Views: 1169

Re: Financial aspects from death in family - help needed!

I think that this lady may be able to file as a 'Qualifying Widow' for a further two years after this one if her teenage children are still dependents. That is correct- Married Filing Jointly this year usually, then qualifying widow for up to 2 years. After that time period, Head of Household may b...
by theresearcher
Wed Oct 07, 2020 6:21 pm
Forum: Non-US Investing
Topic: Advice on Broker/Portfolio for UK Expat
Replies: 5
Views: 642

Re: Advice on Broker/Portfolio for UK Expat

If resident in Australia- is there an option to open an account with an Australian broker?
by theresearcher
Tue Oct 06, 2020 7:04 pm
Forum: Personal Finance (Not Investing)
Topic: husband passed away, no will. Is probate court necessary?
Replies: 24
Views: 5117

Re: husband passed away, no will. Is probate court necessary?

Life Insurance. There is a possibility that life insurance was provided as part of an employer benefit package. Also assuming he was employed- ensure that all payments for accrued salary/wage, (unused) vacation, etc. are received. All titled property that is being retained (real estate, automobile, ...
by theresearcher
Fri Oct 02, 2020 7:54 pm
Forum: Investing - Theory, News & General
Topic: Understanding foreign stocks dividends
Replies: 2
Views: 403

Re: Understanding foreign stocks dividends

U.S. total market stock funds don't necessarily have 100% qualified dividends either. Vanguard (VTI) had 94% in 2019 and iShares (ITOT) had 91%. https://advisors.vanguard.com/VGApp/iip/advisor/csa/investments/taxcenter/yearendfigures https://www.ishares.com/us/literature/tax-information/2019-qdi-sum...
by theresearcher
Fri Oct 02, 2020 7:24 pm
Forum: Personal Investments
Topic: Can I approximate Total US Stock Market with these?
Replies: 7
Views: 685

Re: Can I approximate Total US Stock Market with these?

I think since they follow the same index maker, there would be no overlap of actual stocks. Agree that the 1000 probably contains some mids and the 2500 certainly contains mids, but my guess is they are not the same ones. The Russell 1000 and Russell 2500 indexes are both subsets of the Russell 300...
by theresearcher
Fri Oct 02, 2020 7:19 pm
Forum: Personal Investments
Topic: Limit Orders on OTC
Replies: 18
Views: 1186

Re: Limit Orders on OTC

For a PNK (OTC) stock symbol that ends in F, does the OTC price mirror that of the same stock in the foreign country's exchange? It won't necessarily "mirror" but due to arbitrage should normally track fairly closely- but nothing is guaranteed. If you have a particular stock in mind you can look up...
by theresearcher
Thu Oct 01, 2020 9:27 pm
Forum: Personal Investments
Topic: Transfer Agent Difficulty in Transferring Shares
Replies: 36
Views: 1478

Re: Transfer Agent Difficulty in Transferring Shares

It appears that the issue is that the transfer agent (or at least, its front line employees) is not accepting that the IRA account represents a legitimate successor-in-interest to the pension plan that was dissolved some years ago. This is probably an unusual scenario for the transfer agent. This ki...
by theresearcher
Wed Sep 30, 2020 7:57 pm
Forum: Non-US Investing
Topic: Inventory in Ireland and other questions...
Replies: 7
Views: 1013

Re: Inventory in Ireland and other questions...

The shares you would own in Ireland-domiciled ETFs would not be in your name legally. They would be held in the legal name of Interactive Brokers (IB) custodian. As a result, to transfer these stocks from you to someone else, the transfer agent in Ireland would never be involved. This is why an Iris...
by theresearcher
Wed Sep 30, 2020 7:41 pm
Forum: Personal Investments
Topic: Mid Term Investing in a Taxable Account
Replies: 3
Views: 488

Re: Mid Term Investing in a Taxable Account

It has never been definitively established that wash sale rules apply to a 401K (they do apply to an IRA) so in the absence of IRS further guidance you're quite justified in taking a position that they do not. There have been zero reports of retail investors being questioned by the IRS during audit ...
by theresearcher
Wed Sep 30, 2020 7:01 pm
Forum: Investing - Theory, News & General
Topic: Things to know when buying Individual Foreign Stock on US Exchange
Replies: 27
Views: 1207

Re: Things to know when buying Individual Foreign Stock on US Exchange

CCJ is a duel listed company. i.e. you could take the physical certificate and trade under either exchange. No ADR here. This is common with Canadian stocks. This is technically a cross listing - same stock traded on two different exchanges. In this case between the U.S. and Canada, many similar ca...
by theresearcher
Fri Sep 25, 2020 10:39 pm
Forum: Investing - Theory, News & General
Topic: Gold price gap between London and NY+Toronto: why?
Replies: 12
Views: 1258

Re: Gold price gap between London and NY+Toronto: why?

https://www.bullionvault.com/audit.do Gold held by BullionVault is mostly in Zurich and London. The amounts in New York and Toronto are minimal in comparison. Which means a less liquid market. Also note that the option to buy gold from BullionVault itself at the daily market price is not available f...
by theresearcher
Fri Sep 25, 2020 9:29 pm
Forum: Investing - Theory, News & General
Topic: Things to know when buying Individual Foreign Stock on US Exchange
Replies: 27
Views: 1207

Re: Things to know when buying Individual Foreign Stock on US Exchange

langlands wrote: Fri Sep 25, 2020 9:21 pm
alex_686 wrote: Fri Sep 25, 2020 8:19 pm To my knowledge, all ‘foreign’ stocks that trade in the US ate actually domestic ADRs. It is a bit of a legal slight of hand.
Are you sure? Are you saying that for instance SPOT is an ADR?
Spotify, SA (SPOT ticker symbol) is listed directly on the NYSE so is not an ADR.
by theresearcher
Fri Sep 25, 2020 9:28 pm
Forum: Investing - Theory, News & General
Topic: Things to know when buying Individual Foreign Stock on US Exchange
Replies: 27
Views: 1207

Re: Things to know when buying Individual Foreign Stock on US Exchange

I'm wondering if there any gotchas or things to be aware of when a US investor considers buying stock or ADR in a Foreign-domiciled Corporation that is listed on a US Stock Exchange (such as NYSE, NASDAQ, and AMEX), using a US broker. Are there any oddities (relative to buying an individual US stoc...
by theresearcher
Fri Sep 25, 2020 9:22 pm
Forum: Investing - Theory, News & General
Topic: Things to know when buying Individual Foreign Stock on US Exchange
Replies: 27
Views: 1207

Re: Things to know when buying Individual Foreign Stock on US Exchange

Just so you know why I keep on going on about ‘Sponsored’, I used to do a fair amount of investment tax reporting. Effectively sponsored ADRs are American companies. That trade on a primary exchange. They are regulated by the SEC - though not as the primary. The have US levels of disclosure. From a...
by theresearcher
Fri Sep 25, 2020 9:09 pm
Forum: Investing - Theory, News & General
Topic: Things to know when buying Individual Foreign Stock on US Exchange
Replies: 27
Views: 1207

Re: Things to know when buying Individual Foreign Stock on US Exchange

How do you figure that they are sponsored? I am not seeing that. Citibank site under "Depositary" says "Sponsored"- no reason to assume otherwise? And details of the ADR are on Nestle, SA's Investor Relations website (link already provided). Would not expect to see that if ADR was unsponsored. I am...
by theresearcher
Fri Sep 25, 2020 8:55 pm
Forum: Investing - Theory, News & General
Topic: Things to know when buying Individual Foreign Stock on US Exchange
Replies: 27
Views: 1207

Re: Things to know when buying Individual Foreign Stock on US Exchange

that's a bit strange. In my Fidelity accounts I have bought approximately 1500 shares of a foreign stock (Ticker: NIO) in about a dozen separate transections conducted in the last two months...all with zero commission/transection fee. If it's listed on NYSE or another U.S. exchange then the commiss...
by theresearcher
Fri Sep 25, 2020 8:49 pm
Forum: Investing - Theory, News & General
Topic: Things to know when buying Individual Foreign Stock on US Exchange
Replies: 27
Views: 1207

Re: Things to know when buying Individual Foreign Stock on US Exchange

alex_686 wrote: Fri Sep 25, 2020 8:34 pm The symbol you are quoting is a unsponsored ADR trading in the pink sheets.
Nestle, SA ADR NSRGY is sponsored. Just not listed.
https://citiadr.factsetdigitalsolutions ... =641069406
https://www.nestle.com/investors/shares ... tes/graphs
by theresearcher
Fri Sep 25, 2020 8:26 pm
Forum: Investing - Theory, News & General
Topic: Things to know when buying Individual Foreign Stock on US Exchange
Replies: 27
Views: 1207

Re: Things to know when buying Individual Foreign Stock on US Exchange

To my knowledge, all ‘foreign’ stocks that trade in the US ate actually domestic ADRs. This is not the case. OTC stocks with a five letter ticker symbol ending in F represent the underlying foreign stock, not the ADR. Example- Nestle, SA- NSRGY for the ADR, NSRGF for the stock itself. The last lett...
by theresearcher
Fri Sep 25, 2020 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis problem transfer of assets from Vanguard to Schwab
Replies: 34
Views: 2144

Re: Cost Basis problem transfer of assets from Vanguard to Schwab

Some actionable points from this thread. 1. Cost basis information should transfer seamlessly but sometimes does not- and that is not necessarily easy to fix. Especially if the account at the prior brokerage is closed (as opposed to a partial transfer). 2. Mutual fund assets have a higher risk of be...
by theresearcher
Fri Sep 25, 2020 7:33 pm
Forum: Non-US Investing
Topic: Interactive Brokers: domicile, insurance, taxes
Replies: 8
Views: 1416

Re: Interactive Brokers: domicile, insurance, taxes

If you hold US domiciled ETFs you could be at risk from confiscatory US estate taxes no matter where your broker or their custodian is on the face of the planet. Conversely, if you hold only non-US domiciled ETFs , the US cannot apply its estate tax to these, even if held in a US broker or custodia...
by theresearcher
Thu Sep 24, 2020 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Can an underwriter cancel your life insurance?
Replies: 7
Views: 1559

Re: Can an underwriter cancel your life insurance?

This is a state-specific question which for precision should require consultation with an attorney in that state. However, in general the contestability period (2 years in most states) is the effective cut-off. Fraud may be pursued as a misdemeanour or felony but both a public official's decision to...
by theresearcher
Thu Sep 24, 2020 10:25 pm
Forum: Investing - Theory, News & General
Topic: Do I Need to Keep My Life Insurance Policy?
Replies: 19
Views: 1332

Re: Do I Need to Keep My Life Insurance Policy?

You should hold on to the policy. Keep in mind that- assuming it's level term insurance- you paid more in the early years of the policy than you would have paid for an annual-renewable term policy. You may be paying less now in the final years of the policy than annual-term insurance for the same am...
by theresearcher
Thu Sep 24, 2020 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Cost Basis problem transfer of assets from Vanguard to Schwab
Replies: 34
Views: 2144

Re: Cost Basis problem transfer of assets from Vanguard to Schwab

Vanguard's obligations to transfer cost basis are laid down by federal law and since these are covered securities it's not even clear that Schwab have the ability to adjust the cost basis even if they agree with you. Your own rights as a taxpayer to adjust basis on form 8949 notwithstanding. That sa...
by theresearcher
Wed Sep 23, 2020 7:14 pm
Forum: Non-US Investing
Topic: Suddenly discovered Estate Tax
Replies: 11
Views: 2596

Re: Suddenly discovered Estate Tax

Although note that if a broker is based in the U.K. then a Grant of Probate in the U.K. (England, usually) may be required to release assets to the estate. And if a Grant of Probate is required, this opens the process for the domicile of the deceased to be reviewed by HMRC since liability to Inherit...
by theresearcher
Tue Sep 22, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: Offshore Bank Account?
Replies: 24
Views: 2855

Re: Offshore Bank Account?

Holding a non-U.S. bank account may complicate your estate plan- to what extent depends on the country/jurisdiction, amount on deposit and bank policy. At the extreme, it may be necessary for your executors to apply for probate or its equivalent in that country and your U.S. will may or may not be r...
by theresearcher
Tue Sep 22, 2020 6:52 pm
Forum: Personal Investments
Topic: No 401K at Work
Replies: 4
Views: 820

Re: No 401K at Work

VTSAX is an excellent investment choice. Consider Health Savings Account (HSA) as an option for additional tax deferred savings/investments- if you have an eligible health plan. Otherwise perhaps consider paying down your mortgage more quickly than scheduled.
by theresearcher
Tue Sep 22, 2020 6:36 pm
Forum: Non-US Investing
Topic: Suddenly discovered Estate Tax
Replies: 11
Views: 2596

Re: Suddenly discovered Estate Tax

Also consider United Kingdom Inheritance Tax (which- despite what it's called- is actually an estate tax not an inheritance tax). If a person is domiciled in the U.K. then it's levied on worldwide assets, if non-domiciled then on U.K. situated assets only. In particular- if one is British- there is ...
by theresearcher
Sun Sep 20, 2020 1:59 pm
Forum: Personal Consumer Issues
Topic: Retiring to Canada
Replies: 54
Views: 4354

Re: Retiring to Canada

There is no specific requirement to leave Canada for a particular period of time in order to seek re-admission as a visitor. People in border communities (pre-pandemic) may enter and leave Canada many times over the course of a single year. However, there is no entitlement for a non-Canadian citizen...
by theresearcher
Sun Sep 20, 2020 1:16 pm
Forum: Personal Investments
Topic: Are there any limits on transfer fees?
Replies: 9
Views: 613

Re: Are there any limits on transfer fees?

At a certain point, it is necessary to decide to trust the system (or not). It is not clear that there is a legal limitation on transfer fees however if a broker were to raise the cost of transfer significantly over the market rate it would likely lead to unwelcome publicity and/or increased regulat...
by theresearcher
Sun Sep 20, 2020 12:54 pm
Forum: Personal Consumer Issues
Topic: Retiring to Canada
Replies: 54
Views: 4354

Re: Retiring to Canada

The Canadian investor visa program was closed in 2014. https://www.canada.ca/en/immigration-refugees-citizenship/services/immigrate-canada/investors.html There is still a Quebec investor visa (Quebec manages some programs separately within the overall Canadian immigration framework) however appears ...
by theresearcher
Sun Sep 20, 2020 12:06 pm
Forum: Personal Consumer Issues
Topic: Retiring to Canada
Replies: 54
Views: 4354

Re: Retiring to Canada

This discussion is largely theoretical unless you are a Canadian citizen or married to one, or are otherwise eligible to immigrate to Canada (U.S. citizens do not have automatic settlement rights in Canada). Canada does not have a "retiree" immigration category- and while a small number of retired p...
by theresearcher
Wed Sep 16, 2020 2:27 pm
Forum: Personal Finance (Not Investing)
Topic: Will and living trust
Replies: 7
Views: 656

Re: Will and living trust

Everyone needs a will. Even if you have a living trust, a will is still required to deal with any assets not included in the trust. Guardianship. Although a will usually has advisory effect, it may not necessarily mandate particular guardians for children. This is state law-specific. In other words-...
by theresearcher
Sat Sep 12, 2020 4:07 pm
Forum: Investing - Theory, News & General
Topic: What is going on with Vanguard International REIT / Real Estate Fund
Replies: 19
Views: 1913

Re: What is going on with Vanguard International REIT / Real Estate Fund

Annual returns since inception of the share class. https://investor.vanguard.com/etf/profile/performance/vnqi/cumulative-returns Noted: *Income returns may vary significantly year-to-year for mutual funds and ETFs (exchange-traded funds) that invest internationally in passive foreign investment comp...
by theresearcher
Fri Sep 11, 2020 9:57 pm
Forum: Personal Investments
Topic: To REIT or not to REIT?
Replies: 50
Views: 5301

Re: To REIT or not to REIT?

VNQI paid an exceptionally high dividend last December- most of which was non-qualified and with a relatively low foreign tax credit attached. It may not be required to distribute as much income to its fund owners this year.
by theresearcher
Tue Sep 08, 2020 7:52 pm
Forum: Personal Investments
Topic: Can't contact prior employer to rollover 401k
Replies: 21
Views: 2144

Re: Can't contact prior employer to rollover 401k

Perhaps search for the most recent form 5500. This should give the name and contact details for the responsible person. If this person is not responding then it would be recommended to escalate to the General Counsel or CEO of the corporation (letter by certified mail to corporate office). Unless th...
by theresearcher
Mon Sep 07, 2020 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: U.S. mortgage based on foreign income
Replies: 7
Views: 493

Re: U.S. mortgage based on foreign income

Perhaps try Churchill Mortgage: https://www.churchillmortgage.com/ Usually it would be better to sell investments to fund a property purchase however you'd need to consider capital gains tax, both U.S. and also in the foreign country you're resident in. You may still be liable to capital gains tax i...
by theresearcher
Mon Sep 07, 2020 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Cancel Husband's Term Insurance?
Replies: 41
Views: 3350

Re: Should I Cancel Husband's Term Insurance?

Have you calculated the present value of your husband's future income stream. That should be part of the reason for having life insurance. Does he have any life insurance through his employment- although this may not be portable if he were to change jobs. Have you evaluated how much life insurance c...
by theresearcher
Sun Sep 06, 2020 7:30 pm
Forum: Non-US Investing
Topic: UK SIPP Pension Freedom age raised to 57 - How does it affect your plan
Replies: 10
Views: 755

Re: UK SIPP Pension Freedom age raised to 57 - How does it affect your plan

This is not yet legislated. The U.K. Government has indicated an intention to put this change in place by 2028, however the enabling legislation has not been passed (or introduced). https://www.ftadviser.com/pensions/2020 ... ike-to-57/
by theresearcher
Sun Sep 06, 2020 7:24 pm
Forum: Personal Investments
Topic: Do I really own anything if everything can require a Medallion signature which I can never get?
Replies: 71
Views: 7858

Re: Do I really own anything if everything can require a Medallion signature which I can never get?

Background regarding Medallion signature guarantee: SEC overview- although of limited utility if a guarantee cannot be obtained. https://www.sec.gov/fast-answers/answers-sigguarhtm.html Discussion of the program including details of non-U.S. signature guarantee providers. https://www.colonialstock.c...