pp p g

assets
Searchunder Management (AUM): at least 500M to ensure liquidity and low spread
r/EuropeFIRE LOG IN SIGN UP
currency: USD/EUR

 26 fund  NoobIreland
 domicile: question:
dueHas anyone
to 15% tried t…
dividend tax deal with US CLOSE

dividends - accumulating/capitalising or distributing/income: accumulating due to better

tax conditions
Posted by u/paulhau2002
Real is8better
monthsthan
ago 
 index replication: synthetic since it gives lower risk of institution
26 providing the derivatives will go bankrupt.
Noob question: Has anyone tried to open a bank account in a EU
 investment
countrygoals:
outside the
Become country
FI before of residence?
the official How
retirement age didyears)
(in 30-40 that or
go?ideally
sooner.
Just recently
investment I came
horizon: by this:
max 30-40Link
years (EDIT: until official retirement age, ideally FI would
be reached sooner than that)
Quote: " You may want or need to open a bank account in your home country or in
risk and volatility
another tolerance: In case of "setup and forget" strategy I expected high
EU country.
tolerance to risk/volatility.
If you are legally resident in an EU country you are entitled to open a "basic payment
TER (Total Expense Ratio): lower better
account". Banks cannot refuse your application for a basic payment account just
P/Ebecause
Ratio (Price Earnings
you don't live Ratio): lower better
in the country where the bank is established."

TLDR:During my online
This would research
be a nice on which
workaround for ETF to invest
people from in I came Croatia,
Bulgaria, to the conclusion that the
Cyprus, Estonia,
biggest risk in
Latvia, terms of Malta,
Lithuania, ETF index
andinvesting
Romania are human
to open errors (emotions
a DEGIRO account. when market is down,
discipline to invest on regular bases etc.) To minimise such risk I would invest in the single
 36ETF
diversified Comments  Share
index fund (ideallyto invest fully automatically) and then just check on
95% Upvoted
the
annual bases if " the FI number was reached" (maybe there are notifications for that as well).
This thread is archived
 ideal ETF index fund for the job seems:iShares Core MSCI World UCITS ETF (also called
As the
New comments cannot be posted and votes cannot be cast
IWDA, SWDA) https://www.justetf.com/en/find-etf.html?query=IE00B4L5Y983

SORT BYinBEST
Questions my head are:1-Am I missing something? Are there any errors in my findings or
reasoning?2-Is there any reason backed by data/evidence to why invest in the multiple ETF
index funds?3-Is there some universal approach how to select ETF index funds to your portfolio
 Ev17_64mer
based
7 points · 8 months ago
on data/evidence or there will be always emotions/opinions involved?4-What was your
 I don't know about opening an account outside of the country of residence but
decision making process when choosing the ETF index funds and what was the outcome?
technically Degiro is not a bank but a broker and as such different regulatoins might
(which ETFs you chose and why)
apply.
 16 Comments  Share  90% Upvoted
 paulhau2002  2 points · 8 months ago
 I know DEGIRO is not a bank. But in order to open an account with them you need
to have a non-East-European bank account. They don't say anything about being
 32   ETF index fund selection process a… CLOSE
from Eastern Europe, they just hate Eastern European banks.
Continue this thread 

 r/EuropeFIRE • Posted by u/FIRE-bat 4 days ago

32  karesx 4 points · 8 months ago
ETF index fund selection process and criteria, single ETF "setup and
 Five years ago I tried to do this online, with no success. Things may have changed

forget"
since strategy
then. Basically most foreign banks that I have approached:

From myrequired some sort

online research of IDdown
I came number, in most
to the casecriteria
following a local tax ID, that
in terms I did not ETF index
of selecting
have.
funds to my portfolio:
required my personal presence for opening the bank account.
asset allocation: 100% stocks to minimise the human error and due to bonds low long
term returns
Some of my friends did open bank account in other EU country, but in all cases they
investor domicile
traveled : EUopened
there and (must be UCITS since EU people can no longer invest in other)
it personally.
region: developed countries since in the “market cap” world, developed countries cover
By the way, some fintech companies can act as bank account, like the Revolut
more than 90% of the markets
Business account
company sizes: large and mid-cap since small cap stocks are not beating large cap in the
last
 40 years
FirstTimeShitposter 1 point · 8 months ago

 Try N26
industry: non-specific
I’m Eastern European
(broad market (cap
stillindex)
EU ) and I managed to open an N26 bank
account, works without any issues with Degiro, I applied and after about week or
fund manager / strong brand: SPDR, Vanguard, Direxion, iShares to ensure that the fund
will not disappear and will be possible to invest long term
 pp p g
two weeks later I got my N26 card in the post, would strongly recommend that
assets
Searchunder Management (AUM): at least 500M to ensure liquidity and low spread
r/EuropeFIRE LOG IN SIGN UP
option.
currency: USD/EUR

  Ps.
26 fund atm I only
Noob
domicile: have
question:
Ireland EU
due passport
Has
to anyone
15% but
triedno
dividend t…EU deal
tax ID, I with
uploaded
US that and they accepted CLOSE
that without any issues so in case you don’t have EU ID just send them your
dividends - accumulating/capitalising or distributing/income: accumulating due to better
passport.
tax conditions
index replication: Real is better than synthetic since it gives lower risk of institution
Pspmagic 4 points · 8 months ago
 providing the derivatives will go bankrupt.
 Open an N26 account, works fine with Degiro.
investment goals: Become FI before the official retirement age (in 30-40 years) or ideally
sooner.
 paulhau2002  2 points · 8 months ago

investment
N26horizon: max 30-40 years (EDIT: until official retirement age, ideally FI would
be reached sooner than that)
" Great you’ve heard of us
risk and volatility tolerance: In case of "setup and forget" strategy I expected high
tolerance to risk/volatility.
N26 isn’t available yet in Romania"
TER (Total Expense Ratio): lower better
:( the sadness, I am telling you sometimes we feel like second grade citizens...
P/E Ratio (Price Earnings Ratio): lower better
Continue this thread 

TLDR:During my online research on which ETF to invest in I came to the conclusion that the
biggest risk in terms of ETF index investing are human errors (emotions when market is down,
 BuxOrbiter 3 points · 8 months ago
discipline to invest on regular bases etc.) To minimise such risk I would invest in the single
 I opened a German DKB account as a Swiss resident. Did everything online identity
diversified ETF index
was verified fund (ideally
via video to invest
conferences; andfully
pinautomatically) and debit
codes, credit, and then just check
cards senton
by the
annual bases
mail. if " the FI number was reached" (maybe there are notifications for that as well).

As the ideal ETF index fund for the job seems:iShares Core MSCI World UCITS ETF (also called
IWDA, SWDA) https://www.justetf.com/en/find-etf.html?query=IE00B4L5Y983
 GoldZone1 2 points · 8 months ago

 Using IB insted of DeGiro, loving it so far. Why dont you go with IB instead of DeGiro
Questions in my head are:1-Am I missing something? Are there any errors in my findings or
?
reasoning?2-Is there any reason backed by data/evidence to why invest in the multiple ETF
index
funds?3-Is there
paulhau2002  some universal
5 points · 8 monthsapproach
ago how to select ETF index funds to your portfolio
based
 onIBdata/evidence or there will
is a bit more expensive forbe alwaysTo
starters. emotions/opinions
my understanding involved?4-What
when you reachwas
theyour
decision100k
making processyou
milestone whencanchoosing theIB
switch and ETF index funds and what was the outcome?
is better.
(which ETFs you chose and why)
Continue this thread 

 16 Comments  Share  90% Upvoted

 lipeno 2 points · 8 months ago

 I am also interested to know what is the easiest bank (to use it for DeGiro) to open
 ETFEuropeans?
 32 for Eastern index fund selection process a… CLOSE

 sl0n 2 points · 8 months ago

 What about Posted
 r/EuropeFIRE Tranferwise’s
• borderless
by u/FIRE-bat account? It allows to create a proper GBP
4 days ago
32 account with your name on it.
ETF index fund selection process and criteria, single ETF "setup and

forget" strategy
 spacemudd 1 point · 8 months ago

 Stumbled on this thread because I wanted to do the same. They don't accept
From myTransferWise
online research
too,I apparently.
came down to the following criteria in terms of selecting ETF index
funds to my portfolio:
https://i.imgur.com/5lZq72d.png
asset allocation: 100% stocks to minimise the human error and due to bonds low long
term Continue
returns this thread 
investor domicile : EU (must be UCITS since EU people can no longer invest in other)
ThePowerOfDreams 2 points · 8 months ago
 region: developed countries since in the “market cap” world, developed countries cover
www.bunq.com
 more than 90% of is somarkets
the much better than any physical bank I've come across, as long as
you don't need to deposit cash.
company sizes: large and mid-cap since small cap stocks are not beating large cap in the
last 40 years
vraGG_ 2 points · 8 months ago
 industry: non specific (broad market cap index)
 Yes, N26 without a problem.
fund manager / strong brand: SPDR, Vanguard, Direxion, iShares to ensure that the fund
will not disappear and will be possible to invest long term
 pp p g
assets
Search under
I think thereManagement (AUM):
are some similar
r/EuropeFIRE at least 500M
competitors too...toWill
ensure liquidity
update and
if I can low spread
remember them.
LOG IN SIGN UP
currency: USD/EUR

 26 fund  Noob

domicile:
meagher43 question:
Ireland
1 point dueHas
· 8 monthsto anyone
15%
ago tried t…
dividend tax deal with US CLOSE
Open a Revolut
 dividends account, they have aor
- accumulating/capitalising European banking license
distributing/income: so you will due
accumulating get a
to better
British
tax IBAN. I'm not sure if your name is on the account though which may be an
conditions
issue for DeGiro
index replication: Real is better than synthetic since it gives lower risk of institution
providing the derivatives
snowboardinsteve will go bankrupt.
Netherlands 3 points · 8 months ago

 Revolut's
investment application
goals: Becomefor a banking
FI before the licence
official was approved
retirement agebut
(in they
30-40have notor ideally
years)
implemented it yet. That will be late 2019.
sooner.
investment horizon: max 30-40 years (EDIT: until official retirement age, ideally FI would
 paulhau2002  1 point · 8 months ago
be reached sooner than that)
 I am planning to invest long term, is a company like Revoult viable for a long term
risk and volatility
action plan? tolerance: In case of "setup and forget" strategy I expected high
tolerance to risk/volatility.
Continue this thread 
TER (Total Expense Ratio): lower better
P/E Ratio (Price Earnings Ratio): lower better
 elisabethriverss 1 point · 4 months ago
 I already have a british bank account with my name. Can I open a Degiro account if
TLDR:During my online research on which ETF to invest in I came to the conclusion that the
my country is not supported? How? Because I wrote them an email and they
biggest risk in terms of ETF index investing are human errors (emotions when market is down,
responded that I have to be a resident of one of their supported countries AND have
discipline to invest on regular bases etc.) To minimise such risk I would invest in the single
a bank account in their country.
diversified ETF index fund (ideally to invest fully automatically) and then just check on the
annual bases if " the FI number was reached" (maybe there are notifications for that as well).

As theposts
More ideal from
ETF index fund for thecommunity
the EuropeFIRE job seems:iShares Core MSCI World UCITS ETF (also called
IWDA, SWDA) https://www.justetf.com/en/find-etf.html?query=IE00B4L5Y983
Posted by u/FIRE-bat 4 days ago

Questions in my head are:1-Am I missing something? Are there any errors in my findings or
32 ETF index
reasoning?2-Is fund
there any selection process
reason backed and criteria,
by data/evidence single
to why invest ETF
in the"setup
multipleand
ETF
 forget" strategy
index funds?3-Is there some universal approach how to select ETF index funds to your portfolio
based on data/evidence or there will be always emotions/opinions involved?4-What was your
From my online research I came down to the following criteria in terms of selecting ETF
decision making process when choosing the ETF index funds and what was the outcome?
index funds to my portfolio:
(which ETFs you chose and why)
asset allocation: 100% stocks to minimise the human error and due to bonds low
 16 Comments  returns
long term Share  90% Upvoted

investor domicile : EU (must be UCITS since EU people can no longer invest in other)
region: developed countries since in the “market cap” world, developed countries
cover more than 90% of the markets
company sizes: large and mid-cap since small cap stocks are not beating large cap
in the last 40 years
industry: non specific (broad market cap index)
fund manager / strong brand: SPDR Vanguard Direxion iShares to ensure that the
 16 Comments  Share 

Posted by u/raikmond 1 day ago


21 If I have over €100k in funds, should I split it between different
 banks?
Hi all,

I'm having a hard time figuring out more technical and legal aspects about funds. I know
bank accounts have €100k protection by law, so I'm wondering if I should split my
positions between different bank accounts that commercialize the funds so that I'm only
~€100k in each one, or that "risk" doesn't apply to investing accounts (or maybe it's the
law that doesn't apply to the funds; I honestly don't know).
 Hope r/EuropeFIRE
Search this makes any sense and you guys can help me, I'm not that good with
LOGtechnical
IN SIGN UP
details in English :)

 26  11 Noob question:
Comments Has anyone tried t… CLOSE
 Share 

Posted by u/polyfires 2 days ago


21 Life choices and my journey to FIRE and an unconventional life
 Kind of a more general post about my life and journey to FIRE.

Thanks to the upwards market of the past days/weeks, today I have hit the magic
number of E100k which would have seemed insane to me just a few years ago. It also
coincides with the best year of my life on a personal level and meeting a new partner.
This seems like a nice, symbolic moment for me to share a little bit about my journey.

This has by far been the best year of my life, so sorry if it sounds a bit bragging. Let me
start with my low point a few years ago.

Five years ago, I was finishing my masters degree and I was in my first long-term
relationship that was lackluster on both sides. Then I got into an accident which was a
serious threat to my life. A week later the relationship of 3.5 years broke while I was still
t li f lif Th thi bi d t i t t d i (fi t
 5 Comments  Share 

Posted by u/danni_darko 2 days ago


18 Saving money working in Europe and retiring in the Philippines to
 achieve FIRE quicker.
What are your thoughts on this idea? I have been listening and reading expat blogs and
videos where they say that, their money multiplied x3 in the Philippines, that healthcare
is good and living in places like Cebu, quality of life is good (good weather, affordable
places to live, cheap food..) if you can adapt a bit.

Nurses earn 200€-300€ per month there, so if they are able to make a living, I guess
anybody can.

Also heard that getting and extending visa there, is not as complicated as in Thailand.

 13 Comments  Share 

Posted by u/FIRE-bat 5 days ago


14 Matched betting - does it earn money or just another scam?

Several FI bloggers mentioned "matched betting" as a "risk free" way how to earn money
( https://en.wikipedia.org/wiki/Matched_betting ).

https://thesavingninja.com/the-full-guide-to-matched-betting
https://www.foxymonkey.com/how-much-make-matched-betting/
Sounds too good to be true.

1-Have you made any money by matched betting?

2-Is it for US/UK people only or EU/anyone can participate?
3-Where is the "catch" / what are the limitations / why not "everyone" is doing it?

 11 Comments  Share 

Posted by u/thai_tong 6 days ago


13 How to pay exit tax in Ireland?

I'm trying to pay exit tax on gains from an EU domiciled ETF.
 According
Search to this Irish Times article the gains aren't taxed at source. "investors
r/EuropeFIRE LOGin
INETFs SIGN UP
need to account and pay for any tax owed on a gain on an ETF themselves."
https://www.irishtimes.com/business/...-tax-1.3421331
 26   Noob question: Has anyone tried t… CLOSE

So I'm aware of how much I need to pay I just have no idea how to declare the gains to
revenue and how to pay it.

How is the tax filing for this sort of thing done?

 7 Comments  Share 

Posted by u/s1lentmov1e 2 days ago


8 Forced FIRE due to chronic illness (need for passive income through
 lump sum investment)
Hello,

I need an advice. I'm in early 30's from CZ/EU and unable to work due to complex mostly
neuroimmune chronic illness which gives me really bad quality of life. It's incurable at the
moment but it won't probably kill me soon enough either unless I choose to check out.

Despite this my country's disability assessment process doesn't give me any disability
benefits because it isn't mentioned in the assessment guidelines which shouldn't be a
problem if they followed the law but in reality it is not happening. I know only about 1
person who sued for denial of benefits and after 5 years won (the court decision can only
start the process from the beginning, not override the decision). I will try to fight the
system and get at least something trough accumulation of other diagnosis but I can't rely
on any possible benefits I could get in the future from this social system that actually got

 8 Comments  Share 

Posted by u/johncnyc 5 days ago


7 Investment account options in Germany for US Expat?

Hi all, I am a US expat working in Germany. Am almost to FIRE but probably have another
year or two before I can call it quits.

I've been a bit lazy for most of this year as moving to Europe has been very fun and I've
just been traveling all around enjoying my new found freedom, extra holidays, and the
proximity to so many cool places. I opened a checking account with Commerzbank but
they flat out told me they will not open any brokerage accounts for Americans which I am
not too surprised about since we have the shitty FACTA. Am wondering if anyone knows if
it's possible to open a brokerage account in any capacity in Germany? Have about €50k
sitting the bank earning 0% so it's time I do something with it. Likely that I wil just
transfer it back to my US account but wanted to see if anyone else has any recs.

 6 Comments  Share 

Posted by u/christian-b 5 days ago


4 Feedback on my actual ETF porfolio

Hi all,

I would like to share my actual ETF portfolio allocation with you, I am with DeGiro, fiscally
resident in France.

I wanted my strategy to be simple, here is my mix:

iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc) - 13%
iShares Core MSCI World UCITS ETF (Acc) - 76%
iShares MSCI Emerging Markets UCITS ETF (Acc) - 11%
 At ther/EuropeFIRE
Search beginning my mix was 20% for aggregate bond and 80% for World + Rest of the SIGN UP
LOG IN
world, but of course the portfolio needs rebalancing, since the Aggregate Bond ETF
shows very low / no returns
 26  2 Noob question: Has anyone tried t… CLOSE
Comments  Share 

Posted by u/Mankotaberi 5 days ago


2 Best broker/fund provider for Switzerland? (ETFs or mutual (index)
 funds)
I am attempting to compile a list of the best broker for each country, and I wanted to ask
you about Switzerland. Assume very few transactions: one or two a month. Assume too
index funds, if you have to.

Thanks in advance!

 5 Comments  Share 

Posted by u/23562255 6 days ago


2 What do you think of ETFmatic?

Hello! (23M) from Italy, currently in Netherlands for a master. I want to invest 3-4k in a
safe place, and every month I will add more. Do you maybe know ETFmatic or Tinaba
(from Banca Profilo, this is actually from Italy). Do you have any experience with
ETFmatic? Do we have an average return of some portfolio traded with ETFmatic?Thanks
in advance!

 7 Comments  Share 

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