Search found 851 matches

by andrew99999
Mon Jul 26, 2021 9:54 pm
Forum: Non-US Investing
Topic: Boglehead simple portfolio for an aussie
Replies: 6
Views: 486

Re: Boglehead simple portfolio for an aussie

settlement12 wrote: Mon Jul 26, 2021 8:00 pm I don't actually have gold in my own portfolio. But equities are incredibly and illogically high right now so I think she should have some.
:confused

I don't know how that makes any more sense than saying "I'm hungry, so I will go watch a movie".
by andrew99999
Mon Jul 26, 2021 6:08 am
Forum: Non-US Investing
Topic: Advice on getting started, Australia & Uk
Replies: 3
Views: 238

Re: Advice on getting started, Australia & Uk

Welcome to the forum. If you're going to retire outside Australia, I would go for an all-global index. VGS is large and mid caps developed markets VISM is small caps developed markets VGE is emerging markets Together they make up the all world all cap index (i.e. the whole listed world) in proportio...
by andrew99999
Fri Jul 23, 2021 9:43 pm
Forum: Non-US Investing
Topic: Vanguard AUS personal investor fee changes
Replies: 10
Views: 1520

Re: Vanguard AUS personal investor fee changes

Hockey Monkey wrote: Fri Jul 23, 2021 8:22 pm And hopefully realize the capital gains when in a lower tax bracket in retirement
Yes, good point — makes it a much bigger difference.
by andrew99999
Fri Jul 23, 2021 9:44 am
Forum: Non-US Investing
Topic: Is a fiduciary/finance advisor worth it? [EU]
Replies: 11
Views: 1028

Re: Is a fiduciary/finance advisor worth it? [EU]

krystal wrote: Sun Jul 18, 2021 6:19 am However, when a big drop in the market occurs, their expertise and quick advice could prevent a large loss for us?
Don't believe salesmen.
by andrew99999
Fri Jul 23, 2021 9:37 am
Forum: Non-US Investing
Topic: Vanguard AUS personal investor fee changes
Replies: 10
Views: 1520

Re: Vanguard AUS personal investor fee changes

33 basis points is quite a tax drag. It would only be about, say, a decade before less frequent $5000 ETF parcels would outweigh the benefits of smaller regular investments into the managed high growth fund. Yikes. Even quicker if you use Superhero’s $0 ETF brokerage and transfer later to CHESS. Th...
by andrew99999
Sat Jul 17, 2021 8:01 am
Forum: Non-US Investing
Topic: VVLU Vanguard Global Value Active ETF (Australia)
Replies: 3
Views: 606

Re: VVLU Vanguard Global Value Active ETF (Australia)

People are piling into VVLU after a long initial period of stagnation at an AUM of 20mil.
I wonder if it's temporary while Value is on a bit of a tear.
by andrew99999
Sat Jul 17, 2021 7:55 am
Forum: Non-US Investing
Topic: Aussie expat - New to ETFs , tax info?
Replies: 2
Views: 527

Re: Aussie expat - New to ETFs , tax info?

If you are a non-resident (you need to check this carefully with an accountant who specialises in this), then: Specifically for shares (not property) where you do not own more than 10% of the company: • for any shares you purchased and the whole time you owned them, you were not a tax resident of Au...
by andrew99999
Sat Jul 17, 2021 3:40 am
Forum: Non-US Investing
Topic: Tax loss harvesting during rebalancing [Australia]
Replies: 6
Views: 954

Re: Tax loss harvesting during rebalancing [Australia]

As I understand it, in Australia, if your primary purpose of selling an asset and rebuying is to gain a tax advantage, it is not allowed (known as a "wash sale"). However, if you sell down for another purpose and happen to get a tax advantage, that is ok. So if you sold down VGB and bought...
by andrew99999
Fri Jul 16, 2021 12:05 am
Forum: Non-US Investing
Topic: Financial management from the age of 35 [China]
Replies: 8
Views: 1083

Re: Financial management from the age of 35 [China]

If it's so successfull as it is why still there are such peoples don't know that or don't believe it? There is an ocean of misinformation on the internet, created by people trying to trick other people into giving them money. Because of this, it is impossible for most people to ever find out about ...
by andrew99999
Thu Jul 15, 2021 7:43 am
Forum: Non-US Investing
Topic: Vanguard AUS personal investor fee changes
Replies: 10
Views: 1520

Re: Vanguard AUS personal investor fee changes

I would consider using OpenTrader, which is CHESS sponsored (individual HIN numbers, so in their own name) and offers trades for $5. This person could save up for 6 weeks and then make a single purchase - alternating, which means 0.25%. Advantages: 1. ETFs are more tax-efficient 2. Shares held under...
by andrew99999
Tue Jul 13, 2021 10:44 pm
Forum: Non-US Investing
Topic: Sanity check my DIY ETF build (Australia)
Replies: 6
Views: 1028

Re: Sanity check my DIY ETF build (Australia)

With all of the above, I have re-thought out my positions, and thinking perhaps the below would be more well-rounded and better thought out, contains less risk, and isn't jumping on the 'what's hot right now' train, especially when I agree tech stocks are already priced in. Core A200 - BetaShares A...
by andrew99999
Tue Jul 13, 2021 10:35 pm
Forum: Non-US Investing
Topic: Australian retirement funds: general reinforcement for Bogleheads and specific thoughts for Australians [updated]
Replies: 17
Views: 2862

Re: Australian retirement funds: general reinforcement for Bogleheads and specific thoughts for Australians [updated]

In some ways it is a shame that the super industry is so fragmented. It is actually good to own unlisted infrastructure and real estate within super however all super funds seem to be going about their purchases separately making the cost of owning those assets more expensive. The money is needed l...
by andrew99999
Fri Jul 09, 2021 7:46 am
Forum: Non-US Investing
Topic: Interactive Brokers gets rid of monthly fees & minimal account values
Replies: 11
Views: 2012

Re: Interactive Brokers no longer charges $10 for accounts less than $100k

Neuralgia wrote: Thu Jul 08, 2021 5:25 pm For all of us who have limited options with brokers that have access to Ireland ETF's, this is HUGE.
The whole inactivity fee made no sense to me other than to drive customers away, so I think their customer base will explode as a result of this.
by andrew99999
Mon Jun 28, 2021 10:31 am
Forum: Non-US Investing
Topic: Can you help me understand this Vanguard paper?
Replies: 15
Views: 2153

Re: Can you help me understand this Vanguard paper?

I doubt annual volatility is why most people index, or own bonds, and so on, it's more the opportunity cost of not "owning the haystack". yes but I had overweighted eurozone stocks because a number of experts said that this would decrease currency risk (and thus volatility) relative to go...
by andrew99999
Sun Jun 27, 2021 9:34 am
Forum: Non-US Investing
Topic: Portfolio Strategy Critique / Advice Requested
Replies: 4
Views: 1100

Re: Portfolio Strategy Critique / Advice Requested

Welcome to the forum. Some thoughts: - $5000-$7500 per month is excellent. Well done. - You have left out all of Europe. I would switch out IVV for VGS - 30% is a huge bet on tech, and this is on top of a quarter of IVV being tech. . You might feel that is ok at 30% of a small balance, but I'd be un...
by andrew99999
Wed Jun 23, 2021 4:55 am
Forum: Non-US Investing
Topic: (Australia) Guidance on Superannuation Fund
Replies: 4
Views: 1181

Re: (Australia) Guidance on Superannuation Fund

1% is criminal. See the cost to your final nest egg with 1% fees over multiple decades. The big question - what is the advisor fee? And is he getting paid through Netwealth? Active management has been well and truly shown to be a game of luck, with 80% of active managers failing even to get the mark...
by andrew99999
Fri Jun 18, 2021 9:35 pm
Forum: Non-US Investing
Topic: Australia: Recommended financial advisors?
Replies: 3
Views: 885

Re: Australia: Recommended financial advisors?

https://www.millennialindependentadvice.com.au/ I've spoken to Kyle personally on a few occasions about both financial planning topics and when I was considering moving into that as a career. He seems highly competent and ethical (also qualified to give tax advice). His fees are clear and on his we...
by andrew99999
Mon Jun 14, 2021 6:42 am
Forum: Non-US Investing
Topic: [Australia] Portfolio Shift from Growth to Income Stream
Replies: 8
Views: 1126

Re: [Australia] Portfolio Shift from Growth to Income Stream

Interesting. Thank you for the information and links, I'll take them into consideration. In Australia, there are a few complications to attempting to retire early, even when your portfolio is large. For example, superannuation is a major tax advantaged investment vehicle, but people who use it cann...
by andrew99999
Mon Jun 14, 2021 4:03 am
Forum: Non-US Investing
Topic: [Australia] Portfolio Shift from Growth to Income Stream
Replies: 8
Views: 1126

Re: [Australia] Portfolio Shift from Growth to Income Stream

Dividends are simply a forced withdrawal. Consequently, you can "make your own dividend" by selling some shares. There are 2 common misunderstandings about shares: 1. Dividends are safe and more reliable — no, they aren't . 2. By selling shares, you are depleting your portfolio, but by tak...
by andrew99999
Fri Jun 11, 2021 7:29 am
Forum: Non-US Investing
Topic: Australia - Is it time for me to start investing?
Replies: 7
Views: 1168

Re: Australia - Is it time for me to start investing?

From my research, I don't see a time limit on the FHSSS savings accumulation. I could salary sacrifice the 5% pre-tax and save a fair bit on tax when I withdraw it (within 12 months of buying a house) whenever, the maximum I can save seems to be 30K. The only downside I see to FHSSS is that any gai...
by andrew99999
Fri Jun 11, 2021 3:04 am
Forum: Non-US Investing
Topic: Australia - Is it time for me to start investing?
Replies: 7
Views: 1168

Re: Australia - Is it time for me to start investing?

Welcome. What a great start at 21. You'll be crushing it. BFI is geared towards people who basically see their income come in and think the goal is to get it to zero by the time the next paycheck comes in, so you don't need to assume it applies to you in every case. The 60% for daily expenses is jus...
by andrew99999
Thu Jun 10, 2021 3:18 am
Forum: Non-US Investing
Topic: EUR Hedged All World Stock ETF or not?
Replies: 16
Views: 1909

Re: EUR Hedged All World Stock ETF or not?

If you are within 10 years of retirement, and plan to retire in the Eurozone, it certainly makes sense to have a Euro hedged portfolio *except* that your equity in your home (if you own it) AND your state pension (which can be quite significant in Eurozone) are themselves also Euro exposure. I'd st...
by andrew99999
Tue Jun 08, 2021 1:34 am
Forum: Non-US Investing
Topic: Australia - Advice on Super, house purchase and shares
Replies: 5
Views: 873

Re: Australia - Advice on Super, house purchase and shares

Well, a home is a bit of a grey area when it comes to assets and liabilities. While it doesn't produce income (and even has expenses), in Australia is CGT free. Additionally, it is exempt from the pension assets test. However, if you are happy to continue in your current situation of paying $80 a we...
by andrew99999
Mon Jun 07, 2021 10:53 am
Forum: Non-US Investing
Topic: Australia - Advice on Super, house purchase and shares
Replies: 5
Views: 873

Re: Australia - Advice on Super, house purchase and shares

Welcome to the forum. Almost no accommodation costs and a 15k/yr income is a great answer to the challenges of early retirement. -- Once you cease gainful employment (which can be starting a second job then quitting if it came to that), or once you reach 65, you can access your super as a lump sum t...
by andrew99999
Fri Jun 04, 2021 12:43 am
Forum: Non-US Investing
Topic: [Australia] Increasing bond exposure - change superannuation fund or change other investments
Replies: 11
Views: 1344

Re: [Australia] Increasing bond exposure - change superannuation fund or change other investments

From all the advice received I have distilled this down into an action plan to start to shift the AA towards more defensive I will: a) invest in bonds (VBND and / or VGB) outside of Super (using the available cash I have, so not having to sell any EQ's and creating taxable gains) b) then direct new...
by andrew99999
Thu Jun 03, 2021 7:32 am
Forum: Non-US Investing
Topic: [Australia] Increasing bond exposure - change superannuation fund or change other investments
Replies: 11
Views: 1344

Re: [Australia] Increasing bond exposure - change superannuation fund or change other investments

Selling appreciated stocks outside super will have the gains taxed at the full capital gains tax level. I believe, but am not sure, your long term capital gains rate is your marginal tax rate after reducing the capital gain by 50%. When I google "australia capital gains tax inside super",...
by andrew99999
Tue Jun 01, 2021 11:07 am
Forum: Non-US Investing
Topic: [Australia] Increasing bond exposure - change superannuation fund or change other investments
Replies: 11
Views: 1344

Re: Increasing bond exposure - change superannuation fund or change other investments

What Hockey Monkey said. Since interest rates are so low, I would keep the defensive assets outside super and let the tax advantages of super be used for the earnings on equities. If it was way back when interest rates were much higher, the conventional wisdom is to keep your bonds in super due to t...
by andrew99999
Wed May 19, 2021 7:06 am
Forum: Non-US Investing
Topic: [Australia] Should I manage my mother's financial affairs and sack her financial advisor
Replies: 21
Views: 3569

Re: Should I manage my mother's financial affairs and sack her financial advisor

I tend to agree that keeping the advisor is a reasonable option, consider the situation. I would also ask your mum if you could go with her to the meetings to keep an eye on the advice given and maybe ask the occasional question if something seems off or if there is something they mention that you w...
by andrew99999
Mon May 17, 2021 1:04 am
Forum: Non-US Investing
Topic: Sunsuper Advice (Australian Superannuation)
Replies: 7
Views: 2072

Re: Sunsuper Advice (Australian Superannuation)

My Qsuper balanced fund only dropped about 10% in the 2020 crash but has returned around 8.19 percent per annum over the last 10 years which is comparable to some of the index options with comparable AAs. Pure shares have done such a stunning runner of late it is a bet as to whether they will hold ...
by andrew99999
Sun May 16, 2021 11:31 pm
Forum: Non-US Investing
Topic: Sunsuper Advice (Australian Superannuation)
Replies: 7
Views: 2072

Re: Sunsuper Advice (Australian Superannuation)

As asset_chaos said, you can switch to their low-cost index options, and I would definitely do that. Sunsuper's low-cost index funds are great. They are/were managed by Vanguard, although Vanguard has decided to stop since they are coming out with their own super this year, so SunSuper will have to ...
by andrew99999
Sat May 15, 2021 11:59 pm
Forum: Non-US Investing
Topic: Is buy-sell spread a big part of the cost of trading? [Australia]
Replies: 8
Views: 1330

Re: Is buy-sell spread a big part of the cost of trading? [Australia]

You are not wrong. Indeed it can be expensive. Price fluctuation can add to the expense as well. Hence, Mutual Funds are better. There is no bid-ask spread and buyers get end-of-day NAV - net asset value of each share. Not sure about the US, but mutual funds in Australia do have buy/sell spreads. A...
by andrew99999
Sat May 15, 2021 11:41 pm
Forum: Non-US Investing
Topic: VDHG to pay rent via distributions?
Replies: 12
Views: 1630

Re: VDHG to pay rent via distributions?

But if I was trying to generate a passive income now, and risk wasn’t a concern (I still have my day job), and my future was being looked after by a good super fund, then I would be looking at VAP, VHY and VAN0018AU. Since dividends come out of the value of the shares, high yield just means that mo...
by andrew99999
Sat May 15, 2021 11:28 pm
Forum: Non-US Investing
Topic: Is buy-sell spread a big part of the cost of trading? [Australia]
Replies: 8
Views: 1330

Re: Is buy-sell spread a big part of the cost of trading?

Don’t mean to be rude, but why are you trading in thinly traded ETFs? Oh I ended up buying some Vanguard ethical diversified bond etfs (VEFI). Hopefully it picks up in popularity over time. I will stick with them as they just sit there. The ESG funds are becoming massively popular, and since it's a...
by andrew99999
Sat May 15, 2021 3:21 am
Forum: Non-US Investing
Topic: VDHG to pay rent via distributions?
Replies: 12
Views: 1630

Re: VDHG to pay rent via distributions?

I would suggest leaving it alone (by that, I mean reinvesting dividends) until you have accumulated enough to not need to grow it. Or you could plow the distributions into super as a concessional contribution. Just make sure your super is in the high growth option (equivalent to VDHG). Good point!
by andrew99999
Fri May 14, 2021 11:51 pm
Forum: Non-US Investing
Topic: VDHG to pay rent via distributions?
Replies: 12
Views: 1630

Re: VDHG to pay rent via distributions?

Remember that distributions are literally a movement of capital from the value of the shares. By not reinvesting the dividends, you reduce compounding accordingly. Open up excel and take a look at your returns with 4% compounding vs 8%. The longer the time period, the more dramatic you see the cost....
by andrew99999
Fri May 14, 2021 11:33 pm
Forum: Non-US Investing
Topic: Finance/portfolio advice for 30 YO [Australia]
Replies: 6
Views: 1013

Re: Finance/portfolio advice for 30 YO [Australia]

One little note: I'm not Australian so feel free to ignore, but I would move your bond allocation from Australia only to a total world bond ETF hedged to AUD if available. The options are a bit frustrating. Total market funds: Au: VAF Global: VBND However, VAF has more government and high-quality b...
by andrew99999
Fri May 14, 2021 8:12 am
Forum: Non-US Investing
Topic: Finance/portfolio advice for 30 YO [Australia]
Replies: 6
Views: 1013

Re: Finance/portfolio advice for 30 YO [Australia]

Welcome to the forum. It looks like you are in a good situation now and able to save very aggressively. Your emergency fund counts in your total portfolio, so you can leave out the VAF for now. Probably for quite a while. Your portfolio split looks good to me, although since you will have a house, I...
by andrew99999
Fri May 14, 2021 7:24 am
Forum: Non-US Investing
Topic: Alternative and modest shelter arrangements for retired seniors? [Australia]
Replies: 8
Views: 1263

Re: Alternative and modest shelter arrangements for retired seniors? [Australia]

I don't think your situation is as dire as you think it is. 1m with 21,250 added each year, at a real return of 5%, gives you 1.78m (in today's dollars) It's possible that Sydney housing doubles over the next 10 years, but I wouldn't assume that is the case. The current inflation of assets is largel...
by andrew99999
Fri May 14, 2021 4:30 am
Forum: Non-US Investing
Topic: Australian expat seeking low-maintenance portfolio?
Replies: 12
Views: 1166

Re: Australian expat seeking low-maintenance portfolio?

One last question: as it's Australian-domiciled, would I need to fill out a W8 for an ETF like VGS? Are there considerations there too? Nope. No W8BEN form for Australian domiciled funds. If you are definitely not a resident of Australia, then I see no issues with Australian-domiciled ETFs like VGS...
by andrew99999
Thu May 13, 2021 10:20 pm
Forum: Non-US Investing
Topic: Australian expat seeking low-maintenance portfolio?
Replies: 12
Views: 1166

Re: Australian expat seeking low-maintenance portfolio?

Also, if you are too scared to lump some you can slowly tip it in, buying $20K lumps of VGS, VGAD etc each month until you have spent all your $200K. Absolutely agree with this. Don't feel like you have to invest it all immediately. There's nothing wrong with moving in at a rate that you are comfor...
by andrew99999
Thu May 13, 2021 10:15 pm
Forum: Non-US Investing
Topic: Australian expat seeking low-maintenance portfolio?
Replies: 12
Views: 1166

Re: Australian expat seeking low-maintenance portfolio?

Stealth drag. That's a bummer. But if I'm wanting to invest in an ETF as a non-resident, there's no real way to avoid this, right? There aren't any broad global ETFs on the ASX that don't pay out dividends that result in this? You can avoid it by avoiding Australian shares. For instance, VGS/VISM/V...
by andrew99999
Thu May 13, 2021 5:32 am
Forum: Non-US Investing
Topic: Australian expat seeking low-maintenance portfolio?
Replies: 12
Views: 1166

Re: Australian expat seeking low-maintenance portfolio?

I'm grateful for the clarification on this, thank you! By splitting with VGS, do you mean purchasing both VDHG and then a smaller portion of VGS (say 20%) to rebalance the overall portfolio to be more global/US? That sounds interesting. Yes. If you wanted to halve the Australian and AUD-hedged glob...
by andrew99999
Thu May 13, 2021 3:59 am
Forum: Non-US Investing
Topic: Australian expat seeking low-maintenance portfolio?
Replies: 12
Views: 1166

Re: Australian expat seeking low-maintenance portfolio?

Good work on getting your act together to start investing. VDHG is effectively the same thing as Vanguard Lifestrategy Fund High Growth fund. VDGR is effectively the same thing as Vanguard Lifestrategy Fund Growth fund. By the same, I mean identical. They hold identical funds internally. I agree tha...
by andrew99999
Fri May 07, 2021 11:06 am
Forum: Non-US Investing
Topic: Portfolio/Financial Advice for a 20 year old Australian
Replies: 5
Views: 1059

Re: Portfolio/Financial Advice for a 20 year old Australian

The initial returns on super for the 32.5% tax bracket are 29.77%, not 17.5% At the 32.5% tax bracket, you are paying 34.5%, including medicare. Take your after-tax amount and gross it back up to a before-tax amount: 100 / (100-34.5) Then take off the 15% tax when it goes into super: 85/100 So your ...
by andrew99999
Thu May 06, 2021 12:02 pm
Forum: Non-US Investing
Topic: Portfolio/Financial Advice for a 20 year old Australian
Replies: 5
Views: 1059

Re: Portfolio/Financial Advice for a 20 year old Australian

Welcome to the forum. Goals — Good work taking care of your future self. For your present self, maybe an idea to have a weekly spending account that you can spend on anything you like each week guilt-free, and additionally, saving up for a goal like a holiday, which you don't necessarily need to use...
by andrew99999
Mon May 03, 2021 4:18 am
Forum: Non-US Investing
Topic: Australia - New Portfolio Setup and Questions
Replies: 10
Views: 1366

Re: Australia - New Portfolio Setup and Questions

EM bonds and corporate bonds won't help much when the economy takes a hit. Those points were for high-quality bonds. I would suggest deciding if you want some increased portfolio stability and having money available when the economy takes a hit. If so, add some high-quality bonds (or use a high-inte...
by andrew99999
Mon May 03, 2021 12:02 am
Forum: Non-US Investing
Topic: Australia - New Portfolio Setup and Questions
Replies: 10
Views: 1366

Re: Australia - New Portfolio Setup and Questions

Based on my research and your commetns above the AA I am considering is: Vanguard International Shares Index Fund 40% Vanguard Australian Shares Index Fund 20% Vanguard Emerging Markets Shares Index Fund 20% Vanguard Australian Corporate Fixed Interest Index Fund 20% (based on there being no EM bon...
by andrew99999
Sat May 01, 2021 12:53 am
Forum: Non-US Investing
Topic: Investing for teenagers (Australia)
Replies: 3
Views: 844

Re: Investing for teenagers (Australia)

Yeah, I like that allocation. The other question is how much you will be contributing. If it is in small amounts (eg under about 1.5k per month), then the cost of brokerage would be too high and require waiting for a long time before making a purchase to make the brokerage cost-effective. In that ca...
by andrew99999
Sat May 01, 2021 12:36 am
Forum: Non-US Investing
Topic: Australia - New Portfolio Setup and Questions
Replies: 10
Views: 1366

Re: Australia - New Portfolio Setup and Questions

Thank you Andrew 99999 very useful comments and the video was particularly helpful. In response: 1) Happy to go with 100% stocks and hold through market downturns, at least in this initial period. Will always review AA annually and rebalance as necessary. 2) No alternatives to bonds suggested by my...
by andrew99999
Thu Apr 29, 2021 7:34 am
Forum: Non-US Investing
Topic: Australia - New Portfolio Setup and Questions
Replies: 10
Views: 1366

Re: Australia - New Portfolio Setup and Questions

Welcome to the forum. 1. Maximising returns, yes 100% stocks, although I would imagine that if you wanted to, you could have lower risk and still meet reasonable goals with a little more conservative allocation, and then it is up to whatever allocation you can tolerate and not panic-sell when the ma...