Search found 2141 matches

by TedSwippet
Fri May 24, 2019 2:49 am
Forum: Non-US Investing
Topic: [Wiki] Bond ETF Non US resident withholding tax
Replies: 9
Views: 436

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 TedSwippet
Thu May 23, 2019 11:45 am
Forum: Non-US Investing
Topic: [Wiki] Bond ETF Non US resident withholding tax
Replies: 9
Views: 436

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

I found the Wiki about non resident taxation very informative but I believe it has some wrong/missing info. I have updated the main NRA tax page to try to describe how this QII regime should work for bond funds: Nonresident alien taxation I say "should" because it seems that in all the reports we h...
by TedSwippet
Thu May 23, 2019 8:13 am
Forum: Non-US Investing
Topic: US ETF available for EU investors
Replies: 3
Views: 113

Re: US ETF available for EU investors

Welcome. Have you found US ETF which is already PRIIPS compliant and is available for EU investors? Personally I have not found any. Admittedly I have not been looking actively, but I might have heard if any had become available, and nothing so far. I imagine that US domiciled ETFs have little actua...
by TedSwippet
Thu May 23, 2019 3:17 am
Forum: Non-US Investing
Topic: New Investor
Replies: 8
Views: 643

Re: New Investor

Welcome. I am a Canadian expatriate, living in South Korea, and planning to retire to the Philippines in the next 2-3 years. ... You can probably use something based on this sample portfolio. It's primarily aimed at EU investors, but should work equally well for anybody who needs to avoid holding th...
by TedSwippet
Thu May 23, 2019 3:03 am
Forum: Non-US Investing
Topic: Singapore Resident - UK citizen investment question
Replies: 4
Views: 443

Re: Singapore Resident - UK citizen investment question

Based on what you said above, how would I stand in terms of tax if I purchased VUKE from a UK broker using UK earned funds (from rental properties)? It is domiciled in Ireland but is "UK reporting" for its tax status. I assume I would therefore have to declare any dividends on my income tax return ...
by TedSwippet
Wed May 22, 2019 4:43 pm
Forum: Non-US Investing
Topic: [Wiki] Bond ETF Non US resident withholding tax
Replies: 9
Views: 436

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

Welcome. My understanding is that unlike Equities ETF domicilied in the US, the non resident withholding tax does not apply in case of income generated by bond interest belonging to bond ETF. Are you referring to this tax law change: Permanent U.S. Withholding Tax Relief for Non-U.S. Investors in U....
by TedSwippet
Mon May 20, 2019 7:05 am
Forum: Non-US Investing
Topic: Leaving the country, to sign up for Fidelity or for Schwab
Replies: 4
Views: 707

Re: Leaving the country, to sign up for Fidelity or for Schwab

I heard these two work well for resident with a EU address. I mostly plan to buy bonds/bond funds, low six digit figure. Are you a US citizen, or green card holder planning to hold on to the green card for as long as possible? If yes, you will need to be careful to buy only US domiciled funds, to a...
by TedSwippet
Sat May 18, 2019 2:59 pm
Forum: Non-US Investing
Topic: Dubai based Turkish Expat investing in US
Replies: 6
Views: 452

Re: Dubai based Turkish Expat investing in US

As a summary; USA and Turkey has tax treaty, therefore I am subject to %20 tax on dividends but there is no tax on capital gain since my only income will be related to stock trade. ... Do you think I am missing something ? US income tax treaties are controlled by residence . That is, where you live...
by TedSwippet
Sat May 18, 2019 10:33 am
Forum: Non-US Investing
Topic: Dubai based Turkish Expat investing in US
Replies: 6
Views: 452

Re: Dubai based Turkish Expat investing in US

Welcome. I've been reading the forum for last couple of months and I've read the Boglehead WIKI in details. I believe in indexing and the Boglehead investing philosophy. ... I'd like to get your quick feedback on the portfolio below ... Everything in your proposed portfolio is US domiciled. In your ...
by TedSwippet
Sat May 18, 2019 3:56 am
Forum: Non-US Investing
Topic: Australian Resident Moving to Ireland
Replies: 5
Views: 427

Re: Australian Resident Moving to Ireland

Welcome. I'm trying to construct a long term holding (15+ years) which takes into account the rather complicated Irish tax treatment of ETFs, US/Ireland tax treaty while also taking the opportunity to invest in ETFs which are not currently available in Ireland / EU. I've set out my approach below bu...
by TedSwippet
Wed May 15, 2019 8:15 am
Forum: Non-US Investing
Topic: Portfolio based on [fund expenses] (Europe)
Replies: 6
Views: 436

Re: Portfolio based on [fund expenses] (Europe)

How much, in absolute terms -- so in real dollars, euros, shekels or whatever -- is the annual saving across these portfolios, versus you time cost in hassle to manage them? My own rule-of-thumb is that if this would pay for a coffee or a meal it's not worth it, but if it would fund a decent vacatio...
by TedSwippet
Wed May 15, 2019 3:01 am
Forum: Non-US Investing
Topic: Singapore Resident - UK citizen investment question
Replies: 4
Views: 443

Re: Singapore Resident - UK citizen investment question

Welcome. would like to know if I would be taxed or have to declare tax in the UK if I used a Singapore broker (like Saxo) to buy an ETF, such as VWRL/VWRD, on the LSE? I am assuming there will be no CGT but wasn’t 100% about dividend payments with regard income tax? Is this counted as income derived...
by TedSwippet
Sun May 12, 2019 6:35 am
Forum: Non-US Investing
Topic: NON-US (Ireland) ETFs - Simplified Ultimate Buy and Hold Porfolio
Replies: 87
Views: 20979

Re: NON-US (Ireland) ETFs - Simplified Ultimate Buy and Hold Porfolio

If you live in -- strictly, are yourself domiciled in -- one of the few countries with a US estate tax treaty then holding US domiciled ETFs above $60k is generally not that risky from the US estate tax perspective. That is actually quite a few countries (15). There are 195 countries on the planet,...
by TedSwippet
Fri May 10, 2019 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: When to file a PFIC?
Replies: 5
Views: 721

Re: When to file a PFIC?

If I understand things correctly, a US ETF may have a CUSIP number. This is a different CUSIP number from individual bonds. I believe if an ETF has a CUSIP number, then is must be US domiciled. I could be wrong, but that is the way it seemed to me from poking around investopedia. It seems that way ...
by TedSwippet
Thu May 09, 2019 5:56 pm
Forum: Non-US Investing
Topic: Bogle type investing in Austria
Replies: 1
Views: 308

Re: Bogle type investing in Austria

My wife and I currently live in the US. We have Green Cards but are planning to expatriate to Austria in 8 to 10 years (we are both EU citizens). Our wiki section on investing from non-US countries has a page that tries to outline the difficulties you might face with this move, and some potential o...
by TedSwippet
Thu May 09, 2019 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: When to file a PFIC?
Replies: 5
Views: 721

Re: When to file a PFIC?

I guess I’m asking how do you know if an ETF is US Domiciled? The most direct way would be to find the ETF's ISIN . If the first two characters of the ISIN are 'US' it is US domiciled and so will not fall foul of the spiteful US PFIC tax rules. If they are anything else , with 'IE' (Ireland) or 'LU...
by TedSwippet
Thu May 09, 2019 6:20 am
Forum: Non-US Investing
Topic: Theory: Choose retirement country based on Forex rate
Replies: 32
Views: 2250

Re: Theory: Choose retirement country based on Forex rate

Seems natural to me. Suppose our expat grew up in Australia, saw the opportunity to take a windfall for moving back at the moment of retirement, and increased their fixed income allocation because after the windfall they have less need to take risk in retirement. To play devil's advocate, what if y...
by TedSwippet
Wed May 08, 2019 7:36 am
Forum: Non-US Investing
Topic: 26 got lucky now have 1.25M what ETF Australia
Replies: 17
Views: 2668

Re: 26 got lucky now have 1.25M what ETF Australia

YRT70 wrote:
Wed May 08, 2019 7:06 am
TedSwippet wrote:
Wed May 08, 2019 6:23 am
Are you a US citizen?
Going by his username I'm guessing no.
My guess also. But then, he did use the vernacular "y'all". :-)
by TedSwippet
Wed May 08, 2019 6:37 am
Forum: Non-US Investing
Topic: Help for a beginner investor (non-US citizen)
Replies: 2
Views: 268

Re: Help for a beginner investor (non-US citizen)

Welcome. 1. I was willing to invest directly through Vanguard’s website but as far as I understand, it is not possible for non-US citizen. Do you maybe have another platform to recommend, knowing that I’m now investing from Germany but will sooner or later move to Switzerland? What kind of constrain...
by TedSwippet
Wed May 08, 2019 6:23 am
Forum: Non-US Investing
Topic: 26 got lucky now have 1.25M what ETF Australia
Replies: 17
Views: 2668

Re: 26 got lucky now have 1.25M what ETF Australia

Welcome. I'm not too risk-averse but i don't want to lose any of the principal. Unfortunately, that's an internally inconsistent statement. Nobody wants to lose any principal, but accepting that you could lose some is pretty much the definition of 'risk'. :-) Maybe you could say a little more about ...
by TedSwippet
Tue May 07, 2019 8:05 am
Forum: Non-US Investing
Topic: Portfolio: Help with specific situation
Replies: 5
Views: 481

Re: Portfolio: Help with specific situation

So let's say that the 1 year performance for IWDA is 5%, if I wanted to calculate a potencial return could I use that value and disregard the "dividends" and just consider the costs of the ETF? Or if I'm seeing this wrong, how could I calculate? IWDA is accumulating, so to compare its 5% NAV change...
by TedSwippet
Tue May 07, 2019 6:33 am
Forum: Non-US Investing
Topic: Portfolio: Help with specific situation
Replies: 5
Views: 481

Re: Portfolio: Help with specific situation

Other question I have is how can I calculate the possible future returns of an accumulating ETF? The answer to this is: proceed as if every dividend received were immediately reinvested. See below for why :-) I can't understand how the accumulation actually works. Can someone explain it to me with ...
by TedSwippet
Tue May 07, 2019 2:56 am
Forum: Non-US Investing
Topic: Can I get some help with my portfolio? [Romania]
Replies: 9
Views: 743

Re: Can I get some help with my portfolio? [Romania]

I wonder if any EU tax administration would accept the tax forms issued by US brokerages (such as Form 1042S) as proof of L2TW paid to the IRS in order to apply a possible foreign tax credit. The UK does. Or at least, I assume it does. I claim the US withholding tax of 15% I pay on my (tiny) US dom...
by TedSwippet
Mon May 06, 2019 5:21 pm
Forum: Non-US Investing
Topic: Can I get some help with my portfolio? [Romania]
Replies: 9
Views: 743

Re: Can I get some help with my portfolio? [Romania]

I also need to point out that the International part of VT or the entire VXUS for example is dragged twice. First when the dividend leaves its source country and again when leaving the US. However, including the slightly higher MER of European funds compared to the US ones, I would say it is still ...
by TedSwippet
Mon May 06, 2019 10:47 am
Forum: Non-US Investing
Topic: UK SIPP Provider Recommendations?
Replies: 14
Views: 1598

Re: UK SIPP Provider Recommendations?

Could you share who your current provider is? Interactive Investor. I hold only OEICs, from Vanguard, HSBC and L&G, all accumulation units because I no longer contribute to it. Interactive Investor's flat fee model suits me perfectly. If I held this same stuff in Hargreaves Lansdown, I would be dow...
by TedSwippet
Mon May 06, 2019 3:14 am
Forum: Non-US Investing
Topic: UK SIPP Provider Recommendations?
Replies: 14
Views: 1598

Re: UK SIPP Provider Recommendations?

Watching this with interest - I've long wondered why UK SIPPs have remained so much more expensive than their IRA equivalents in the US, and would be keen to see whether the Vanguard SIPP bridges this. Although more than the $0 I pay to Vanguard for my IRA, the £240/year I pay to my UK SIPP provide...
by TedSwippet
Sun May 05, 2019 8:28 am
Forum: Non-US Investing
Topic: Can I get some help with my portfolio? [Romania]
Replies: 9
Views: 743

Re: Can I get some help with my portfolio? [Romania]

Why would you not just buy US domiciled (VT, VTI) considering that investors residing in Romania would only pay 10% withholding tax on US sourced dividends? I believe Romania is one among a very short list of countries enjoying this low withholding tax. Unfortunately, there's no estate tax agreemen...
by TedSwippet
Sat May 04, 2019 2:26 am
Forum: Non-US Investing
Topic: US domiciled bond ETFs for european ?
Replies: 6
Views: 516

Re: US domiciled bond ETFs for european ?

Why would US domiciled ETF be taxed less than Ireland domiciled? The topic author lives in Ireland, and Ireland has some extremely odd tax rules for its residents. The one that might be causing the problem here is the 'deemed disposal' rule. More here: https://www.bluewaterfp.ie/investments/deemed-...
by TedSwippet
Fri May 03, 2019 5:41 pm
Forum: Non-US Investing
Topic: Anyone familiar with Irish/US tax law for dual Irish/American citizen couple retiring in Ireland?
Replies: 14
Views: 1261

Re: Anyone familiar with Irish/US tax law for dual Irish/American citizen couple retiring in Ireland?

If I understand correctly, PFIC rules do not apply to ETFs, only to mutual funds. ... My understanding was that PFIC applies to basically all non US-domiciled funds, including ETFs? Right. If you look at the definition of a PFIC, it clearly encompasses ETFs as well as 'traditional' index funds. It ...
by TedSwippet
Fri May 03, 2019 5:18 pm
Forum: Non-US Investing
Topic: Help please
Replies: 9
Views: 1033

Re: Help please

OK thanks so much for the quick reply I did not know you could do this. There are over a thousand ETF's listed on IB's XETRA site. Is there an easy way to work out which are Irish? I am after index tracking funds denominated in USDs. Assuming you aren't happy with the usual suggestions here for bro...
by TedSwippet
Wed Apr 10, 2019 3:10 am
Forum: Non-US Investing
Topic: [Non US Investor] 401k distributions scenarios with various tax treaties.
Replies: 3
Views: 349

Re: [Non US Investor] 401k distributions scenarios with various tax treaties.

I was wondering, because the distributions are supposed to be taxed in your country of residence and not the US, they should not be subject to the 10% penalty tax if done prior to 59.5? I can't find a valid source of truth. Me neither, and I've looked several times over the years. A few sources I h...
by TedSwippet
Tue Apr 09, 2019 12:57 pm
Forum: Non-US Investing
Topic: Where to keep an emergency fund in the UK
Replies: 4
Views: 448

Re: Where to keep an emergency fund in the UK

The ISA sounds fine although I prefer to keep mine in Premium Bonds ... The problem I have with premium bonds is that while their 'annual prize rate' is currently 1.4%, unless you hold a lot of them you won't get close to that. Only a few lucky (large prize) winners beat that 1.4%, and these large ...
by TedSwippet
Tue Apr 09, 2019 10:49 am
Forum: Non-US Investing
Topic: Fidelity 401k And W-8BEN
Replies: 44
Views: 4267

Re: Fidelity 401k And W-8BEN

@TedSwippet - have sent you a PM. You have? Nothing in my Inbox. Anyway, filing a 1040NR shouldn't be complex. Ideally you have a professional one done from a previous year when your circumstances were similar, and so you just change the numbers and you're done. Doesn't sound like that would be the...
by TedSwippet
Tue Apr 09, 2019 2:44 am
Forum: Non-US Investing
Topic: Bond fund options for UK investors
Replies: 10
Views: 662

Re: Bond fund options for UK investors

Welcome. You're right that cash savings accounts can currently beat gilts. For my non-pension cash holdings I use a 'ladder' of short term savings bonds, typically just one year but some 18 month ones. Over time, I've found that I'm using more and more Shariah accounts. Strictly these don't guarante...
by TedSwippet
Mon Apr 08, 2019 6:51 am
Forum: Non-US Investing
Topic: PFIC and 8621 form [Finland ex-pat in US]
Replies: 5
Views: 297

Re: PFIC and 8621 form [Finland ex-pat in US]

It does look like the MTM election is the only way to go. Still pretty horrible, though. FYI, there is an article here that argues that the US should stop blindsiding new residents with its arcane anti-offshore tax laws. It won't, of course. Welcome to America, Now Give Us Your Money! , Janet Novak...
by TedSwippet
Sun Apr 07, 2019 1:33 pm
Forum: Non-US Investing
Topic: PFIC and 8621 form [Finland ex-pat in US]
Replies: 5
Views: 297

Re: PFIC and 8621 form [Finland ex-pat in US]

You're a finnish citizen, and your foreign sourced income has nothing to do with the US, are you sure that your foreign sourced income is taxable to the US? https://www.irs.gov/individuals/international-taxpayers/resident-aliens If you are a resident alien, the rules for filing income, estate, and ...
by TedSwippet
Sun Apr 07, 2019 1:07 pm
Forum: Non-US Investing
Topic: PFIC and 8621 form [Finland ex-pat in US]
Replies: 5
Views: 297

Re: PFIC and 8621 form [Finland ex-pat in US]

Welcome. I’m here now looking for a second opinion, if this is indeed the best (or perhaps the only?) solution for me, and if it is wise to discontinue all foreign mutual fund investments. It may be possible to elect into QEF without explicit information from the fund itself, but it is so complex to...
by TedSwippet
Sat Apr 06, 2019 8:22 am
Forum: Non-US Investing
Topic: Best way to buy DFA funds for UK investors
Replies: 1
Views: 185

Re: Best way to buy DFA funds for UK investors

I have been reading Larry Swedroe's articles on factor investing and DFA funds, and I am thinking of switching some of my investments from market cap based ETFs to DFA funds (e.g. small value funds). What is the best way (by which I mean the cheapest) for a UK based investor to access them? (since ...
by TedSwippet
Fri Apr 05, 2019 8:44 am
Forum: Non-US Investing
Topic: Left the US last year. What to do with the IRA? [India]
Replies: 6
Views: 623

Re: Left the US last year. What to do with the IRA? [India]

You should max out your Canadian tax opportunities (RRSP, TFSE (I've got the acronym wrong on that one) *if* that can be squared with US taxes). If the topic author later moves from Canada to the US, RRSPs will be okay from the US tax perspective, thanks to the US/Canada treaty. There might be some...
by TedSwippet
Fri Apr 05, 2019 7:33 am
Forum: Non-US Investing
Topic: Left the US last year. What to do with the IRA? [India]
Replies: 6
Views: 623

Re: Left the US last year. What to do with the IRA? [India]

Welcome. I have a Vanguard IRA for $55K invested in three funds. ... Spouse has an IRA in Millenium Trust that was auto rolled from employer 401K ($4K). ... Should we cash-out now or is there an alternative strategy? Or, should we let it be there until we retire? Firstly, the ground rules. You are a...
by TedSwippet
Fri Apr 05, 2019 2:57 am
Forum: Non-US Investing
Topic: ASAP - US citizen - UK LISA (Lifetime ISA)
Replies: 2
Views: 353

Re: ASAP - US citizen - UK LISA (Lifetime ISA)

1) I think I can enroll in a UK LISA (Lifetime ISA) because I am a resident. However, I'm not sure that I should. What are the pros/cons? Pros: get 25% bonus from the UK government, Cons:??? Not part of tax treaty probably? But even if it is taxed, is the 25% bonus worth it? ISAs get no treaty cove...
by TedSwippet
Wed Apr 03, 2019 7:34 am
Forum: Non-US Investing
Topic: Combination of VGT, SPYG, BRK.B
Replies: 5
Views: 341

Re: Combination of VGT, SPYG, BRK.B

Do you suggest me to forget all above and buy VUSD instead? That is what I would do, but then I am not you (and vice-versa!). As a decision framework, before going ahead you would want to be certain that your US domiciled ETF selection will outperform anything that you could buy through Ireland dom...
by TedSwippet
Wed Apr 03, 2019 7:23 am
Forum: Non-US Investing
Topic: Choices of personal investment portfolio, at age 28 [Hong Kong]
Replies: 5
Views: 575

Re: Choices of personal investment portfolio, at age 28 [Hong Kong]

Welcome. 1. My current plan is to use David Swensen's plan to continuously hold VOO (30%) and buy VGK at 15%, VNQ at 20%, VWO at 5%, BND at 15%, SCHP at 15%. How is that plan? I planned to have 7-8% annual return on average, would that be possible? I can tolerate certain amount of risk but definitel...
by TedSwippet
Tue Apr 02, 2019 8:53 am
Forum: Non-US Investing
Topic: Combination of VGT, SPYG, BRK.B
Replies: 5
Views: 341

Re: Combination of VGT, SPYG, BRK.B

I’m from Taiwan and we need to pay 30% on dividends as far as I’m aware. You do, on US holdings . However, you can often reduce this to between 15% and 0%, without any change in long term capital gains. Suppose a choice between VOO (US domiciled) and VUSD (Ireland domiciled). Both track the S&P 500...
by TedSwippet
Tue Apr 02, 2019 8:18 am
Forum: Non-US Investing
Topic: Combination of VGT, SPYG, BRK.B
Replies: 5
Views: 341

Re: Combination of VGT, SPYG, BRK.B

Am 25m, single, no debt, non American. So I’ve started investing with around 16k and all bought VTI. I plan to save up US$10k per year and contribute to this portfolio annually. Does your country have an income tax treaty with the US? If yes, is its US dividend tax rate 15% or lower? If the answer ...
by TedSwippet
Sat Mar 30, 2019 11:28 am
Forum: Non-US Investing
Topic: Can Low income ppl become millionaire? [Hong Kong]
Replies: 38
Views: 2656

Re: Can Low income ppl become millionaire? [Hong Kong]

dollarsigh wrote:
Sat Mar 30, 2019 11:05 am
We can not predict the future, but US have a great system to protect the investor and monitor the company, ...
KPMG, Enron, WorldCom, Tyco, Freddie Mac, Madoff, Waste Management, HealthSouth, AIG, Lehman, ...
by TedSwippet
Sat Mar 30, 2019 10:19 am
Forum: Non-US Investing
Topic: Can Low income ppl become millionaire? [Hong Kong]
Replies: 38
Views: 2656

Re: Can Low income ppl become millionaire? [Hong Kong]

So many great company in history but Why today S&P 500 index still higher than 10 years 20 years 30 years ago? Which market indexes are not higher than 10, 20 and 30 years ago? Maybe take a look at this wiki page: Callan periodic table of investment returns - Bogleheads Over the 20 year period from...
by TedSwippet
Sat Mar 30, 2019 9:13 am
Forum: Non-US Investing
Topic: Can Low income ppl become millionaire? [Hong Kong]
Replies: 38
Views: 2656

Re: Can Low income ppl become millionaire? [Hong Kong]

Each to their own, but it seems crazy to me for non-US investors to completely ignore companies like Nestle, Toyota, Novartis, HSBC, Shell, BP, Samsung, RBC, TD, Diageo, Siemens, Unilever, Mitsubishi, Sony, Daimler, Honda, VW, Canon, Hitachi, ... These companies seems like good , but they are count...
by TedSwippet
Sat Mar 30, 2019 3:11 am
Forum: Non-US Investing
Topic: Can Low income ppl become millionaire? [Hong Kong]
Replies: 38
Views: 2656

Re: Can Low income ppl become millionaire? [Hong Kong]

On investment I just need to pay 30% dividend tax to us government. Imperia already said this above , but it is so important it bears repeating. You can cut this 30% to 15% and at the same time eliminate any threat of up to 40% US estate tax on holdings above a miserly $60k, by investing in the S&P...
by TedSwippet
Fri Mar 29, 2019 3:40 am
Forum: Non-US Investing
Topic: Indian resident investing via US
Replies: 16
Views: 1010

Re: Indian resident investing via US

Surprised here. Wouldn't it be considered in the estate tax limit if it's cash equivalent in a US bank (say savings account or certificate of deposit). Apparently not. Don't go looking for logic in US tax laws -- it's entirely absent. From this paper : Certain bank deposits. The situs rules in Code...