Search found 18 matches

by boglechris
Wed Oct 16, 2019 1:00 pm
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4412

Re: Schwab - U.S. ETFs and ETNs restrictions as of September 19

Just attempted my first trade under the new regime - it's significantly more challenging than in the past. Firstly, how to find the list of eligible ETFs: 1. Log in to Schwab as normal 2. Hover over the Research tab at the top 3. The very last item in the right-hand column is "Non US ETFs" 4. Click ...
by boglechris
Fri Sep 20, 2019 4:33 pm
Forum: Non-US Investing
Topic: Schwab U.K. seeking consent to move account
Replies: 10
Views: 859

Re: Schwab U.K. seeking consent to move account

...the relevant thing now is not to exceed the Estate limit for US situs assets if you are not a US person as cash at a brokerage is US situs and potentially taxable. This is a new concept for me. If I understand right, it basically means that anything over $60k will be taxable in the US on death. ...
by boglechris
Thu Sep 19, 2019 4:36 pm
Forum: Non-US Investing
Topic: Schwab U.K. seeking consent to move account
Replies: 10
Views: 859

Schwab U.K. seeking consent to move account

Received the following email from Schwab U.K. today: We Request Your Consent to Transfer Your Account Charles Schwab U.K., Ltd. (“Schwab U.K.”), contacted you on 15 May and 12 June to request permission to transfer your account(s) from Schwab U.K. to our affiliate Charles Schwab & Co., Inc. (“Schwab...
by boglechris
Thu Aug 15, 2019 5:39 am
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4412

Re: Schwab - U.S. ETFs and ETNs restrictions as of September 19

Always passive wrote:
Thu Aug 15, 2019 5:36 am
Are ETFs mutual funds?
From a PFIC perspective, yes.
by boglechris
Thu Aug 15, 2019 5:38 am
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4412

Re: Schwab - U.S. ETFs and ETNs restrictions as of September 19

Although Schwab haven't said explicitly, the best guess is that they have just decided to implement PRIIPs restrictions (these have actually been around since Jan 2018): EU investing: EU legislation : UCITS, MiFID II and PRIIPs - Bogleheads Thanks for this context! The combination of UCITS and PFIC...
by boglechris
Wed Aug 14, 2019 11:06 am
Forum: Non-US Investing
Topic: Schwab - U.S. ETFs and ETNs restrictions as of September 19
Replies: 36
Views: 4412

Schwab - U.S. ETFs and ETNs restrictions as of September 19

Just received the following email from Schwab Beginning September 19, 2019, Schwab clients who are residents of the E.U. will no longer be able to purchase U.S.-registered exchange-traded funds (ETFs) and exchange-traded notes (ETNs). What this means for your account. This restriction results from r...
by boglechris
Tue Jun 05, 2018 5:01 pm
Forum: Non-US Investing
Topic: Advice for US permanent resident with £50k GBP in the UK
Replies: 19
Views: 2046

Re: Advice for US permanent resident with £50k GBP in the UK

I'm a big believer in simplicity. To that end, if you've no plans to move back to the UK you might just want to pay off the student loan to avoid the hassle down the line. The US and UK tax systems are sufficiently incompatible that there's not much you can do to invest the funds in GBP which will a...
by boglechris
Fri Jun 09, 2017 1:56 pm
Forum: Non-US Investing
Topic: Updating portfolio before relocating to the UK
Replies: 6
Views: 881

Re: Updating portfolio before relocating to the UK

Well, I exchanged my VWIUX for VBTLX online, thinking that'd make it easy to convert subsequently to bonds. Big mistake. It turns out that VBTLX can't be directly converted to BND, it has to be sold and repurchased. And in the few days since I bought VBTLX, I've incurred a few hundred dollars loss, ...
by boglechris
Thu Jun 08, 2017 5:17 pm
Forum: Non-US Investing
Topic: Choosing funds for UK pension
Replies: 10
Views: 1557

Re: Choosing funds for UK pension

Thank you both - I'd written off the FL Fixed Interest one having focused on index funds, but you're right looks the best option with a simple 50:50 split between gilts and corporate bonds. In the description it mentions that it can invest overseas too, but will be hedged. The FL BlackRock Overseas ...
by boglechris
Wed Jun 07, 2017 6:17 pm
Forum: Non-US Investing
Topic: Choosing funds for UK pension
Replies: 10
Views: 1557

Re: Choosing funds for UK pension

Why not just a single holding in the BlackRock (50:50) Global Equity Index (Aquila C), to 80% of your overall pot? This fund is 50% UK, 50% non-UK and so meets your target exactly. Great spot - I didn't notice that one - certainly a welcome simplifier, if only for the automatic rebalancing. To my m...
by boglechris
Wed Jun 07, 2017 5:05 pm
Forum: Non-US Investing
Topic: Choosing funds for UK pension
Replies: 10
Views: 1557

Choosing funds for UK pension

Hi All, I’d appreciate some advice choosing my funds in my new UK pension Available funds FL BlackRock Emerging Markets Equity (Aquila C) Index 0.67% FL BlackRock European Equity Index (Aquila C) Index 0.43% FL Legal & General (PMC) Global Real Estate Equity Index Index 0.84% FL BlackRock Japanese E...
by boglechris
Fri Jun 02, 2017 11:51 am
Forum: Non-US Investing
Topic: Updating portfolio before relocating to the UK
Replies: 6
Views: 881

Re: Updating portfolio before relocating to the UK

Thank you all for the really detailed replies, this looks like it'll be much more straightforward than I imagined :happy Reentry permit filed, so that gives me two years to work out what to do with the green card and I won't hit the 8-year threshold by then which is a big relief. So all I have to do...
by boglechris
Thu Jun 01, 2017 7:37 pm
Forum: Non-US Investing
Topic: Updating portfolio before relocating to the UK
Replies: 6
Views: 881

Updating portfolio before relocating to the UK

I'm currently an US permanent resident (not intending to give up my Green Card for now), and shortly relocating to the UK (where I'm a citizen). I believe that this means I have to meet the requirements of both the US and UK taxation systems: US: Avoid funds which can be considered PFIC UK: Restrict...
by boglechris
Mon Oct 26, 2015 2:18 pm
Forum: Personal Investments
Topic: Help with first tax loss harvest
Replies: 12
Views: 1142

Re: Help with first tax loss harvest

Thanks for clarifying, that makes sense. Fortunately scenario 3 applies in my case; I bought ~$40k in January, and ~$3k in October, so I will indeed sell all now to make the most of the opportunity before it disappears.
by boglechris
Mon Oct 26, 2015 11:37 am
Forum: Personal Investments
Topic: Help with first tax loss harvest
Replies: 12
Views: 1142

Re: Help with first tax lost harvest

Thanks all, that's really useful. Fair mark's Wash sales 101: http://fairmark.com/capgain/wash/ws101.htm This is a great site - thanks for the link! There's also much more detail about wash sales and replacement shares http://fairmark.com/capgain/wash/wsreplac.htm - seems that if I sell all today I'...
by boglechris
Sat Oct 24, 2015 6:24 pm
Forum: Personal Investments
Topic: Help with first tax loss harvest
Replies: 12
Views: 1142

Help with first tax loss harvest

I’m looking to do my first ever tax loss harvest, and so want to make sure I’ve understood it correctly. First the basics; I’m expecting negligible capital gains this year, so looking to reduce income tax. Currently in the 33% bracket, living in CA. History: Early 2015: VTIAX bought 9/24: VTIAX divi...
by boglechris
Tue Nov 18, 2014 12:17 am
Forum: Non-US Investing
Topic: British Expat in US - portfolio help please!
Replies: 5
Views: 3113

Re: British Expat in US - portfolio help please!

Thank you Ted, that's really useful (and just a bit depressing!) if you leave, though, since your money will then be trapped in the US for perhaps several decades...I have a 401k which is trapped in the US. If I had the time over again I might choose differently and save in taxable accounts instead....
by boglechris
Sat Nov 15, 2014 1:06 am
Forum: Non-US Investing
Topic: British Expat in US - portfolio help please!
Replies: 5
Views: 3113

British Expat in US - portfolio help please!

Hi All, I’m a new arrival in the US (British Citizen), and delighted to discover there’s an entire forum dedicated to what I’ve been doing for the past few years :-). I’m not sure whether I’ll stay here long-term, or maybe move back to the UK in 3 – 5 years. Having just moved, I’m trying to get my f...