Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 12-17-2011, 12:10 PM   #21
Full time employment: Posting here.
 
Join Date: Mar 2010
Location: Chicago
Posts: 867
Quote:
Originally Posted by W2R View Post
Me too. After rebalancing my international funds are supposed to represent only 13% of my portfolio, and I haven't changed that percentage.

When I rebalance in a couple of weeks and have to buy more of my international equity fund, I'll be buying low. I keep telling myself that.
I feel your pain, W2R. My asset allocation calls for 15% of mine. Both my foreign funds RERFX and VGTSX are down 15% year to date. I am at 12% now so I will probably move 3% from others to get back in balance. Doing a morningstar xray though I am only 6% in Europe on a total basis.
__________________

__________________
ripper1 is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 12-17-2011, 12:32 PM   #22
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,905
Quote:
Originally Posted by ripper1 View Post
I feel your pain, W2R. My asset allocation calls for 15% of mine. Both my foreign funds RERFX and VGTSX are down 15% year to date. I am at 12% now so I will probably move 3% from others to get back in balance. Doing a morningstar xray though I am only 6% in Europe on a total basis.
I'm presently at 11% VFWAX and and rebalancing will bring me back to 13%. Ugh. Yes, our situations and plans are remarkably similar.
__________________

__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 12-18-2011, 01:17 PM   #23
Dryer sheet wannabe
 
Join Date: Dec 2011
Posts: 17
Anyone read this article? What do you think about UK's action?




Eurozone crisis: Foreign Office plans evacuation of expatriates
Britons living in Spain and Portugal could get government help to leave the countries if the crisis in the eurozone sends their banks into meltdown.


By Donna Bowater10:59AM GMT 18 Dec 2011

The Foreign and Commonwealth Office and the Treasury is putting measures in place to help evacuate thousands of expatriates living in Spain and Portugal in case they are stranded no access to their savings.
The two countries, which both have sizeable British populations, were among those made vulnerable by the "sustained deterioration" in funding.
Spain was warned by credit rating agency Fitch that it was facing a debt downgrade along with Italy, while Ireland, Belgium, Slovenia and Cyprus were also given the warning.
Meanwhile, around one million Britons live in Spain with around 50,000 in Portugal.
The Foreign Office said it was concerned they could be cut off from their accounts if the countries' banks called in loans.

Eurozone crisis: Foreign Office plans evacuation of expatriates - Telegraph
__________________
txtrader is offline   Reply With Quote
Old 12-18-2011, 01:31 PM   #24
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,109
Quote:
Originally Posted by txtrader View Post
Anyone read this article? What do you think about UK's action?

Eurozone crisis: Foreign Office plans evacuation of expatriates - Telegraph
Now that is quite a decision to be facing if you are living in Spain and Portugal, when the UK Foreign Office are using comparisons to "Lebanon in 2006" in their statements.

Quote:
“We are looking at how we can help evacuate them if the banks in Spain and Portugal collapse, getting people cash, things like that, sending planes. We did similar things in Lebanon in 2006. We are coordinating with the Treasury.”
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 12-18-2011, 06:03 PM   #25
Thinks s/he gets paid by the post
obgyn65's Avatar
 
Join Date: Sep 2010
Location: midwestern city
Posts: 4,061
Nothing.
Quote:
Originally Posted by txtrader View Post
I guess what I'm asking is 'what are you doing with international investments'?
__________________
Very conservative with investments. Not ER'd yet, 48 years old. Please do not take anything I write or imply as legal, financial or medical advice directed to you. Contact your own financial advisor, healthcare provider, or attorney for financial, medical and legal advice.
obgyn65 is offline   Reply With Quote
Old 12-18-2011, 06:16 PM   #26
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
clifp's Avatar
 
Join Date: Oct 2006
Posts: 7,450
Quote:
Originally Posted by Alan View Post
Now that is quite a decision to be facing if you are living in Spain and Portugal, when the UK Foreign Office are using comparisons to "Lebanon in 2006" in their statements.

Is it just me or is this a holy crap article? Now I am not familiar with the degrees of yellow journalism in the British Press, Is the Telegraph a Newscorp tabloid or respectable paper?

What the hell does the Foreign Office know that rest of us don't
__________________
clifp is offline   Reply With Quote
Old 12-18-2011, 10:47 PM   #27
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,109
Quote:
Originally Posted by clifp View Post
Is it just me or is this a holy crap article? Now I am not familiar with the degrees of yellow journalism in the British Press, Is the Telegraph a Newscorp tabloid or respectable paper?

What the hell does the Foreign Office know that rest of us don't
The Telegraph is quality newspaper and I don't doubt the article. The Sunday Times, Daily Mail and Bloomberg all report the same thing.

A week or so ago the governor of the bank of England told the UK banking sector to draw up plans for the collapse of the Euro, so I guess this is just another preparatory step.

U.K. Considering Plans for Spain, Portugal Expats, Times Says - Bloomberg



This a BBC report about the collapse of the euro warning
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 12-18-2011, 11:11 PM   #28
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,905
That article is pretty scary, TxTrader.

I usually rebalance for the year during the first week in January and still intend to follow my plan.

However, if the Euro collapses and volatility increases to the extreme in international markets from day to day during the first week in January, maybe I should spread this process out through January and February.

I am not sure if I am just being "chicken" or not, though. If I am tempted to spread out my rebalancing, I'll think about that, read over on the Bogleheads' board, breathe deeply, etc.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 12-19-2011, 08:08 AM   #29
Dryer sheet wannabe
 
Join Date: Dec 2011
Posts: 17
Yes, W2R, it is scary, If I recall correctly the UK did not go along with the last deal the Euro countries made, can't remember the details.
Just might this action have something to do with that? Who knows.
__________________
txtrader is offline   Reply With Quote
Old 12-19-2011, 01:16 PM   #30
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,109
Quote:
Originally Posted by txtrader View Post
Yes, W2R, it is scary, If I recall correctly the UK did not go along with the last deal the Euro countries made, can't remember the details.
Just might this action have something to do with that? Who knows.
It's one thing to be prepared and another for something to happen. I don't see a difference in being prepared for a collapse of the euro and some banking systems, than being prepared for a nuclear attack, an outbreak of bird flu, or other catastrophe. I'm sure that since the 2008 near banking collapse in the USA they have to consider similar events in smaller countries like Spain and Portugal where 10,0000+ expats live.

It does make one realize that while living in another country, there could be a situation where you can't access the money you need to pay the bills.
__________________

__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Now it's adventure before dementia
Alan is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
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
Were/are you more relaxed with the end in sight? Indigo Mule Young Dreamers 41 11-06-2013 12:52 PM
Hello, 26 year old American expat teaching in Abu Dhabi, UAE! thatgirlmjl Hi, I am... 47 05-16-2012 03:45 PM
Leaving Ameriprise - One Year Later Lisa99 Hi, I am... 69 10-17-2011 10:20 AM
The 10 year plan 2021Dream Hi, I am... 10 09-19-2011 10:03 PM
End of Life decisions Alan Health and Early Retirement 13 09-15-2011 09:03 AM

 

 
All times are GMT -6. The time now is 01:45 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.