Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #21  
Old 08.10.2021, 08:00
Senior Member
 
Join Date: Apr 2014
Location: Lausanne
Posts: 279
Groaned at 1 Time in 1 Post
Thanked 514 Times in 189 Posts
Tox_Rat has a reputation beyond reputeTox_Rat has a reputation beyond reputeTox_Rat has a reputation beyond reputeTox_Rat has a reputation beyond repute
Re: Buying ETF’s based in US while living in Switzerland - using swiss broker

Quote:
View Post
Oh really? well I'm glad i asked then before just signing up, thanks
I don't have any experience with IB, but I've used Schwab for years. They have handled both my Independent Advisor and my American Abroad status without blinking.
Reply With Quote
  #22  
Old 08.10.2021, 14:18
Junior Member
 
Join Date: Mar 2019
Location: Zurich
Posts: 75
Groaned at 19 Times in 14 Posts
Thanked 54 Times in 28 Posts
kerneltrick has become a little unpopularkerneltrick has become a little unpopular
Re: Buying ETF’s based in US while living in Switzerland - using swiss broker

Quote:
View Post
he's got it backwards. IB do not take payment for order flow, whereas Schwab do.
Sure they do, in IBKR Lite at least. Anyway it's a moot point when trading on US, Reg NMS obliges all brokers to execute you within NBBO, no matter if order was sent to exchange directly or sold to middleman for execution

Payment for order flow is not really a means to screw you up. HFTs/MMs are interested in it and happy to subsidize you because they get relatively uninformed order flow from retail randos out of it, which has nicer statistical properties. Whereas on public exchanges they routinely get matched with people with more information/influence (e.g. whales selling/buying up large positions and moving prices, placing hidden iceberg orders, etc) which is bad for business.
Reply With Quote
  #23  
Old 08.10.2021, 15:28
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 14,622
Groaned at 281 Times in 187 Posts
Thanked 18,464 Times in 7,747 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Buying ETF’s based in US while living in Switzerland - using swiss broker

Quote:
View Post
Sure they do, in IBKR Lite at least. Anyway it's a moot point when trading on US, Reg NMS obliges all brokers to execute you within NBBO, no matter if order was sent to exchange directly or sold to middleman for execution

Payment for order flow is not really a means to screw you up. HFTs/MMs are interested in it and happy to subsidize you because they get relatively uninformed order flow from retail randos out of it, which has nicer statistical properties. Whereas on public exchanges they routinely get matched with people with more information/influence (e.g. whales selling/buying up large positions and moving prices, placing hidden iceberg orders, etc) which is bad for business.
only IBKR Lite which is not available in Switzerland. but i agree it is a non-issue that media has played up to sound ominous.
Reply With Quote
  #24  
Old 12.10.2021, 21:18
Junior Member
 
Join Date: May 2020
Location: Geneva
Posts: 56
Groaned at 19 Times in 6 Posts
Thanked 40 Times in 20 Posts
Disjoint has annoyed a few people around hereDisjoint has annoyed a few people around hereDisjoint has annoyed a few people around here
Re: Buying ETF’s based in US while living in Switzerland - using swiss broker

Hi all - do I get this one right:
I've just invested a lump amount of cash in various ETFs.
I went for IE and LU ETFs - even if it meant paying a slightly higher TER.

I use IB for everything - it seems that form W8 is filed automatically by IB and then I need to file a form D1 to reclaim the dividends on my US listed ETFs.

Is there any benefit from going for IE and LU funds over US funds?

This post, now that I re-read has some contradiction in the comment section:
https://forum.mustachianpost.com/t/t...nvesting/67/10

I am even more confused than when I started.

Is there an easy rule of thumb?
IE: focus on TER and fund domicile doesn't matter; or, focus on domicile as implications are quite big. I am young so tax on my kids for US funds is not an issue.

THANK YOU!

I have already rebalanced my ETFs a little bit, but ideally would like to stop doing that, even if IB commissions are cheap...
Reply With Quote
Reply

Tags
etf, taxes




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
divorce in US while living in Switzerland TinaM Family matters/health 6 18.02.2018 10:33
US Citizen able to work in Switzerland while living in Germany? JamiSteven Permits/visas/government 9 21.01.2018 16:11
Working remotely for a US Company while living in Switzerland? Vsrajan Employment 3 23.05.2016 15:34
Telecommuting Question: Working for a US Based Company, Living in Switzerland Nate.Fernandez Employment 4 14.07.2009 05:14
How do I find a job in Switzerland while living in the US? zurichbound25 Employment 13 28.05.2009 17:14


All times are GMT +2. The time now is 14:49.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0