Search found 88 matches

by TroyMcClure
Thu Feb 13, 2020 6:02 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1451
Views: 380108

Re: Share your networth progression

2001: ~€10k 2003: ~€20k 2004: ~€15k 2007: ~€10k 2008: ~€6k 2010: ~€50k 2012: ~€100k 31.12.2014: €175k 31.12.2015: €246k 31.12.2016: €321k 31.12.2017: €366k 31.12.2018: €385k 31.12.2019: €498k Now updated with the last 3 years of data. 2018 in particular wasn't great in terms of net worth progressio...
by TroyMcClure
Mon Aug 26, 2019 5:12 am
Forum: Personal Investments
Topic: How to set targets and project results?
Replies: 8
Views: 736

Re: How to set targets and project results?

On target setting itself, it’s exactly like in the workplace with your boss: you can only set targets for which you can directly influence the result yourself. So the only item here that you can put a target on is your savings / contributions because that all depends on you. You cannot set a target ...
by TroyMcClure
Wed May 15, 2019 7:48 am
Forum: Non-US Investing
Topic: Portfolio based on [fund expenses] (Europe)
Replies: 6
Views: 663

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

I'll chime in to also discourage you from going for C because of the "administrative burden": you'll need to rebalance, you'll multiply your transactions, since your transactions will be smaller any fees applying to it will be comparatively higher, and your tax returns will also be more complicated....
by TroyMcClure
Tue Apr 16, 2019 7:17 am
Forum: Non-US Investing
Topic: Belgian citizen living in Germany, how to get started?
Replies: 12
Views: 1079

Re: Belgian citizen living in Germany, how to get started?

I am personally using Blackrock (ishares) due to the tax situation in the EU. The mentioned ETFs are Irland based and taxation is done automatically by my bank. I did not find any Vanguard ETFs for which such automated taxation would be done on my behalf. Could you clarify what you mean by this? I'...
by TroyMcClure
Tue Apr 09, 2019 5:29 am
Forum: Non-US Investing
Topic: Belgian citizen living in Germany, how to get started?
Replies: 12
Views: 1079

Re: Belgian citizen living in Germany, how to get started?

Do you think GWL.DE from Xtra is diversified enough in itself? Total market cannot really be more diversified. Pretty much anything you'll buy in a separate fund will overlap. The only reason to do so would be to introduce a regional bias, which is more of a philosophical choice. If you want to div...
by TroyMcClure
Tue Apr 09, 2019 3:22 am
Forum: Non-US Investing
Topic: Belgian citizen living in Germany, how to get started?
Replies: 12
Views: 1079

Re: Belgian citizen living in Germany, how to get started?

Hi Maglaf, First of all you're probably in a good shape: young, debt-free and with a good plan for your investments. I’d like to invest in something very simple (max. 4 ETF) that I will hold for a very long time. [...] Desired Asset allocation: 100% stocks / 0% bonds If you're not buying bonds I don...
by TroyMcClure
Wed Feb 27, 2019 2:56 am
Forum: Non-US Investing
Topic: Portfolio allocation - Is it worth to invest in bonds? [EU - Germany]
Replies: 12
Views: 1755

Re: Portfolio allocation - Is it worth to invest in bonds? [EU - Germany]

Apart from the investment options, N26 offers saving plans ( https://n26.com/en-de/savings ) with different insterest rates (max 1.48% for 5 years), e.g. 1.21% for a 2-year-long deposit. They partner with other European banks that offer you different interest rates if the money is locked down for t...
by TroyMcClure
Fri Feb 22, 2019 7:53 am
Forum: Non-US Investing
Topic: Low salary help needed [Europe]
Replies: 14
Views: 1724

Re: Low salary help needed [Europe]

As for spending more than I am earning, I don't believe 2k per year will make a big difference in my retirement. On the other hand, spending 2k per year now from my savings give me the opportunity to live in a bigger house and have a better quality of life. I hope this makes sense As I said I wasn'...
by TroyMcClure
Thu Feb 21, 2019 9:06 am
Forum: Non-US Investing
Topic: Low salary help needed [Europe]
Replies: 14
Views: 1724

Re: Low salary help needed [Europe]

This is an unusual situation for sure: you spend more than you earn, yet still manage to have 80k in savings, and you are now a millionaire. I'm not asking for justification or more details, I'm just saying this raised my eyebrows! I'd have a couple of questions or remarks on what you've written: In...
by TroyMcClure
Tue Jan 15, 2019 5:01 am
Forum: Non-US Investing
Topic: Portfolio recommendations [Belgium]
Replies: 18
Views: 2556

Re: Portfolio recommendations [Belgium]

For somebody investing in USD my choice would be VWRD (World by market weight). ... Unfortunately at the current time Vanguard does not seem to offer an equivalent ETF in EUR based in Ireland. According to its factsheet , VWRL trades in EUR on NYSE Euronext and the Deutsche Börse. Indeed, and it is...
by TroyMcClure
Thu Jan 03, 2019 4:46 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2810
Views: 512752

Re: What are you up YTD? [Year To Date]

I'm a European investor invested in a mix of international- and Euro-focused stock funds and bond funds. A lot of my portfolio is therefore what you would call "international"/foreign funds on this board. AA is 70% stock and 30% bonds (15% EU, 15% global). 2018 IRR was -5.6%, which makes me happy. I...
by TroyMcClure
Wed Jan 02, 2019 11:05 am
Forum: Personal Finance (Not Investing)
Topic: How to afford a sports car?
Replies: 128
Views: 10066

Re: How to afford a sports car?

If you want a sports car, earn more money in order to afford it. :greedy This is it, full stop. And here is, in fact, the main question that OP should have been asking in the first place: how can I make more money to afford the stuff I want to buy? That would also have saved him/her all the replies...
by TroyMcClure
Tue Oct 09, 2018 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Income (US vs Europe)
Replies: 55
Views: 4238

Re: Income (US vs Europe)

I am about 30 years old. I make roughly 50k a year, from which the yearly take-home salary is in the low 30k region. In my country (Finland) this is considered a mid-level salary for a white-collar employee. I save about 15k a year, so my savings rate is roughly 50% of take-home salary (I consider ...
by TroyMcClure
Thu Sep 13, 2018 9:39 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 12713

Re: Side Hustle Options/Suggestions.

If you don't want to handle those calls you aren't ready for a business. I was thinking the same. I apologize if this sounds harsh, but from the couple of pages of this thread and the responses given to suggestions put forward, I'm not getting the impression that OP wants a side hustle. OP is inter...
by TroyMcClure
Tue Sep 11, 2018 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Side Hustle Options/Suggestions.
Replies: 99
Views: 12713

Re: Side Hustle Options/Suggestions.

I think OP was asking about a side hustle, not about quitting their job for something else. There's an important difference in terms of pressure to succeed: you keep your job and income whilst you create a second income stream. And it's diversification. Of course if the side hustle takes off you can...
by TroyMcClure
Wed Aug 01, 2018 6:56 am
Forum: Non-US Investing
Topic: Aggregator like Mint/PC/YNAB in Germany?
Replies: 2
Views: 344

Re: Aggregator like Mint/PC/YNAB in Germany?

Hi a__, I live in Germany but am not a US citizen and while I know of Mint/YNAB I've never used these providers. Personally I use Banktivity which has a direct import from my bank in Germany for automatic download. It works, but I found it to be somewhat unreliable (probably due to the bank changing...
by TroyMcClure
Mon Apr 16, 2018 3:22 pm
Forum: Non-US Investing
Topic: Portfolio for belgian (Europe) investor
Replies: 74
Views: 8309

Re: Portfolio for belgian (Europe) investor

re Bonds. I prefer global government bonds (Euro hedged) Another follow-up question: as far as I can see there aren't too many options for this, could you tell us which fund you're using? Where I live I've seen an iShares (GILE) fund but it's only available on a small marketplace that isn't practic...
by TroyMcClure
Wed Jan 03, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2810
Views: 512752

Re: What are you up YTD? [Year To Date]

Bit of a different perspective here, from a European investor in EUR.
AA roughly 70/30.

IRR for 2017 is 6.2%.

A lot of people seemingly happy with a big bull run this year, there also I'm in a different situation: since I'm currently a buyer I'd much prefer markets going down.
by TroyMcClure
Wed Nov 08, 2017 8:16 am
Forum: Non-US Investing
Topic: [Germany only] Vanguard ETFs now available on XETRA
Replies: 7
Views: 1488

Re: [Germany only] Vanguard ETFs now available on XETRA

Just a short update, I have logged into my online brokerage and indeed the Vanguard funds listed under the link are available which is new. I'm assuming that's all of them but I haven't checked one by one. The slightly strange thing about it though is that it doesn't look like they are all available...
by TroyMcClure
Fri Oct 27, 2017 10:30 am
Forum: Non-US Investing
Topic: [Germany only] Vanguard ETFs now available on XETRA
Replies: 7
Views: 1488

Re: [Germany only] Vanguard ETFs now available on XETRA

I'm from Austria, so the situation is a bit different here (local brokers have to do all tax-related stuff). In principle it's the same in Germany, there are three cases: Accumulating funds domiciled in Germany: handled at the source by the local broker Distributing funds domiciled outside of Germa...
by TroyMcClure
Fri Oct 27, 2017 4:08 am
Forum: Non-US Investing
Topic: [Germany only] Vanguard ETFs now available on XETRA
Replies: 7
Views: 1488

Re: [Germany only] Vanguard ETFs now available on XETRA

Thanks a lot for the info alpine_boglehead, this is really interesting and good news indeed. It did feel strange that these wouldn't be available to private investors on one of the largest marketplaces in Europe. I have pretty much everything in iShares, and I won't be switching everything over righ...
by TroyMcClure
Wed Sep 27, 2017 3:25 am
Forum: Non-US Investing
Topic: Investing in ETFs MSCI World + MSCI Emerging Market [Germany]
Replies: 18
Views: 2248

Re: Investing in ETFs MSCI World + MSCI Emerging Market [Germany]

A couple of remarks from a Germany-based investor: As mentioned before, go for the core versions of the funds you have given. EUNL has a TER of 0.20%. IS3N is 0.25%. Personally I see no reason to go for Vanguard, which isn't in Europe what it is in the US. Vanguard funds and ETF were not available t...
by TroyMcClure
Mon Jul 31, 2017 4:32 am
Forum: Personal Finance (Not Investing)
Topic: Should I Quit my 6-figure job?
Replies: 84
Views: 11915

Re: Should I Quit my 6-figure job?

Everybody's already said it: you have a great situation going on with a good salary, great benefits, reasonable workload, etc. If I summarize your issue in my own words: your are not feeling stimulated at work because of lack of professional challenges, lack of career advancement, and lack of signif...
by TroyMcClure
Tue Jul 25, 2017 8:17 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: 2230

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

Or why there are not able to have more competitively priced banking services. I'm trying to figure out what you mean by that, maybe you could give an example so we understand better what you are comparing. I've held bank accounts in the following countries: UK, Ireland, France, Germany, India and S...
by TroyMcClure
Tue Jul 25, 2017 3:34 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: 2230

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

From my perspective it's neither a question of TER or volume, it's just that they are very new products that are just starting out. As TedSwippet already pointed out, the Vanguard ETFs in Europe are very recent, when I started investing in Europe they simply didn't exist. Vanguard in Europe is very ...
by TroyMcClure
Thu Jul 20, 2017 7:09 am
Forum: Non-US Investing
Topic: Does this portfolio suck? [Slovakia - EU]
Replies: 12
Views: 2246

Re: Does this portfolio suck? [Slovakia - EU]

Likely you'll be fine with broad ETFs like SWDA complemented by some bonds, the rest is more fine-tuning though obviously you're looking at a lot of small cap. Again if you take a very broad index you'd do away with the need to do the fine tuning you think you need. Desired yield/return from my inve...
by TroyMcClure
Wed Jun 21, 2017 2:52 am
Forum: Non-US Investing
Topic: European lazy portfolio
Replies: 10
Views: 2891

Re: European lazy portfolio

europeanwizard wrote: Because bank term deposits currently net 1.2% in Europe.
Really? Where and for how long?
Most term deposits out there will yield in the 0.0x% for shorter terms and >=0.3% for longer terms.
by TroyMcClure
Thu May 18, 2017 4:12 am
Forum: Non-US Investing
Topic: Help with asset allocation [Europe]
Replies: 5
Views: 851

Re: Help with asset allocation [Europe]

25% Gold Gold is generally not liked on this forum - do a search for "gold" in the forum. 25% LSE:IGLN — iShares Physical Gold ETC EUR BeBH65, in case this wasn't clear, I think what pablo is trying to do is a so-called "permanent portfolio" which is quarter equities, quarter long term bonds, quart...
by TroyMcClure
Wed May 10, 2017 8:20 am
Forum: Investing - Theory, News & General
Topic: Please explain Gap insurance on a car
Replies: 11
Views: 1599

Re: Please explain Gap insurance on a car

There are two main types of GAP coverage: shortfall gap and return to invoice. Shortfall gap is what awval999 described, and I completely agree with him: with a large downpayment there may not be a real shortfall to speak of. Return to invoice is a variant that doesn't only pay for the difference be...
by TroyMcClure
Wed Apr 12, 2017 10:43 am
Forum: Non-US Investing
Topic: Portfolio help for expat investor
Replies: 4
Views: 795

Re: Portfolio help for expat investor

- Emerging markets: EIMI will also bring more exposure to Brazil and Russia, as long as you are fine with that. Yes totally fine with that. There are risks of course but this is only 10% of my portfolio. My remark was probably not very clear, I thought you meant to increase your exposure to Asia si...
by TroyMcClure
Mon Apr 10, 2017 11:08 am
Forum: Non-US Investing
Topic: Portfolio help for expat investor
Replies: 4
Views: 795

Re: Portfolio help for expat investor

Hi bigbug, Well, there isn't an awful lot to comment on: you have a situation that is really quite unusual on this board, and you anyway seem to have figured out how you want to play this. I'm basically replying only because I'm French, in my 30s and spent the last 5 years in Singapore so I feel a c...
by TroyMcClure
Thu Mar 30, 2017 2:28 am
Forum: Non-US Investing
Topic: Vanguard All-World FTSE ETF (investing from Europe)
Replies: 16
Views: 3754

Re: Vanguard All-World FTSE ETF (investing from Europe)

As TedSwippet remarked, depending on your nationality you need to be very careful what you invest in eventually; it has important tax implications. The issues are well documented on this forum already. A couple more words since it's become a broader topic on investing in Europe: Vanguard: It isn't w...
by TroyMcClure
Wed Mar 29, 2017 3:49 am
Forum: Personal Investments
Topic: Difference between this two etf.
Replies: 8
Views: 2398

Re: Difference between this two etf.

I think it's a question of listing, on which market place are you trading?
The only place I find XWD is in Canada, traded in CAD...
by TroyMcClure
Fri Mar 24, 2017 8:30 am
Forum: Personal Investments
Topic: What broker for EU investors?
Replies: 10
Views: 1635

Re: What broker for EU investors?

The deposit guarantee exists but it only counts if you keep the money in a deposit ... So if you go investing this will not be applicable. That's interesting, I might have gotten things mixed up. My bank is my broker, I need to review the documentation I have received when I opened the account. I f...
by TroyMcClure
Fri Mar 24, 2017 6:47 am
Forum: Personal Investments
Topic: What broker for EU investors?
Replies: 10
Views: 1635

Re: What broker for EU investors?

In general, banks in the EU will have a deposit guarantee up to 100k EUR per person. You can spread your assets over several banks to benefit from the protection over several 100k. Currently I believe there is movement on how this is achieved in the background, it was previously handled nationally w...
by TroyMcClure
Wed Mar 22, 2017 10:06 am
Forum: Non-US Investing
Topic: Young EU Investor
Replies: 71
Views: 7950

Re: Young EU Investor

Looking at the other way, a home country bias (and that is what that is) is a bad idea, whereas if it was hard to talk OP out of it, that implies quite a lot of thought applied to embedding a bad idea. I know what you said about there being no intellectual justification for having a regional tiltin...
by TroyMcClure
Wed Mar 22, 2017 8:01 am
Forum: Non-US Investing
Topic: Young EU Investor
Replies: 71
Views: 7950

Re: Young EU Investor

If I were you I would just take my time to process all of this. In one week you've basically changed your entire initial picture, which isn't bad, it just goes to show you should not rush into decisions. I think you should spend some time on formulating your strategy in the details, which should rea...
by TroyMcClure
Tue Feb 21, 2017 6:35 am
Forum: Personal Consumer Issues
Topic: Desktop Computer - Still relevant? Good investment?
Replies: 76
Views: 9084

Re: Desktop Computer - Still relevant? Good investment?

At the moment I do not have a laptop, basically same as OP, it is damaged but I've decided not to replace it. I found that using a tablet instead for my "mobile" needs is covering most of the things I would be doing away from a desk, including music recording/jamming. And when I do need a desk then ...
by TroyMcClure
Tue Feb 14, 2017 7:14 am
Forum: Non-US Investing
Topic: [EU] Small caps worth it?
Replies: 2
Views: 573

Re: [EU] Small caps worth it?

You can make a case for or against it, at the end of the day I think it comes down to having an IPS and sticking to it. If your IPS says "I will keep my portfolio as simple as possible with an ER as low as possible", then there is absolutely no reason to buy this fund. If you start looking around, a...
by TroyMcClure
Mon Feb 06, 2017 5:15 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1451
Views: 380108

Re: Share your networth progression

I find this post very interesting. Of course it's not entirely meaningful without knowing additional details about COLA, salary, etc., still, useful. I haven’t been keeping a precise track of my net worth, but the following is estimated and from memory. I am European, all figures in Euros: Born in ...
by TroyMcClure
Mon Feb 06, 2017 4:44 am
Forum: Investing - Theory, News & General
Topic: What are you up YTD? [Year To Date]
Replies: 2810
Views: 512752

Re: What are you up YTD? [Year To Date]

My results for 2016: Overall portfolio IRR +6.7% (AA 70-30, EU investor, age 37) I see people congratulating themselves on a good year 2016, I hope they're all in retirement. Personally at this stage of my life I only see prices going up and am thinking "this is expensive, I hope this goes down soon".
by TroyMcClure
Wed Jan 18, 2017 3:06 am
Forum: Non-US Investing
Topic: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good idea?
Replies: 26
Views: 2974

Re: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good ide

However, I'm still clearing this out and according to http://www.investinganswers.com/investment-ideas/income-dividends/how-avoid-taxes-dividends-abroad-1366 I fail to see how this article would apply to you in any way. You're not a US citizen, and you therefore don't have an IRA. For everything th...
by TroyMcClure
Mon Jan 16, 2017 5:47 am
Forum: Non-US Investing
Topic: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good idea?
Replies: 26
Views: 2974

Re: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good ide

Yes, I meant ETFs which don't pay dividends. Where will you be paying taxes? Just as a reminder, if you are a tax resident in Germany, my understanding is you will have to pay taxes on dividends, whether they are reinvested in the fund (=so-called thesaurierend) or distributed, and regardless of wh...
by TroyMcClure
Thu Jan 12, 2017 10:00 am
Forum: Non-US Investing
Topic: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good idea?
Replies: 26
Views: 2974

Re: Colombian digital nomad living in Germany: Is a Schwab One or an HSBC integrated pers. investment account a good ide

Also, since my home country, Colombia, does not have any trustworthy and affordable brokers and the German bureaucracy is too great for pretty much everything I'm surprised you would say that. I'm a foreigner in Germany, I opened a bank and securities account all online, with video authentication t...
by TroyMcClure
Thu Jan 05, 2017 8:35 am
Forum: Non-US Investing
Topic: [Europe] Accumulating vs Distributing ETFs
Replies: 97
Views: 12562

Re: [Europe] Accumulating vs Distributing ETFs

IEAG contains corporate bonds so I ruled it out because it doesn't fit my strategy. For emerging markets, EMIM is probably a better choice for pretty much anyone, but I also ruled it out for personal reasons. I should also note I have a large emergency fund, which I will downsize as my expenses will...
by TroyMcClure
Thu Jan 05, 2017 7:10 am
Forum: Non-US Investing
Topic: [Europe] Accumulating vs Distributing ETFs
Replies: 97
Views: 12562

Re: [Europe] Accumulating vs Distributing ETFs

Troy, can you elaborate on your portfolio please? I can, but I'd like to insist that whatever I went for is function of my personal preference, and what is available in my country of tax residence. I'm aware of overlaps, etc., between funds, but this fits just fine with my IPS. AA 70% stocks / 30% ...
by TroyMcClure
Wed Jan 04, 2017 7:13 am
Forum: Non-US Investing
Topic: [Europe] Accumulating vs Distributing ETFs
Replies: 97
Views: 12562

Re: [Europe] Accumulating vs Distributing ETFs

Jessica wrote: Regarding DeGiro, I remember I saw a blog post once about it, advising to stay away.
Got you. It also looks like it's a passported business model under the European Freedom of Services, if that's the case and they're not locally licensed that'd be several reasons to stay away.
by TroyMcClure
Wed Jan 04, 2017 6:44 am
Forum: Non-US Investing
Topic: [Europe] Accumulating vs Distributing ETFs
Replies: 97
Views: 12562

Re: [Europe] Accumulating vs Distributing ETFs

EUBoglehead, thanks a lot for the clarification, the picture is indeed quite grim in Spain, and it goes again to show that Europe has got an incredibly fragmented environment in terms of brokerage, availability of funds throughout its markets, and taxation... On the other hand you said you didn't ha...
by TroyMcClure
Wed Jan 04, 2017 4:47 am
Forum: Non-US Investing
Topic: [Europe] Accumulating vs Distributing ETFs
Replies: 97
Views: 12562

Re: [Europe] Accumulating vs Distributing ETFs

Jessica, EUBoglehead, I read your messages and I'm thinking you may be in some form of analysis paralysis. The fact is you are on a US board, while the Boglehead principles are universal as a strategy, the tactics described in most threads here are too US-focused to achieve a 1-to-1 replication in E...
by TroyMcClure
Tue Jan 03, 2017 9:01 am
Forum: Non-US Investing
Topic: [Europe] Accumulating vs Distributing ETFs
Replies: 97
Views: 12562

Re: [Europe] Accumulating vs Distributing ETFs

EUBoglehead, where is your tax residency? (sorry if you already said and I missed that message) I'm also lost in terms of dividends, not just for taxes, but thinking of retirement, dividends are "free" but if you want/need to sell positions to get cash, then you would need to pay a fee for selling, ...