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#1 |
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Confused about dryer sheets
![]() Join Date: Aug 2008
Posts: 3
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European Index Fund? - Billy and Akaisha
Hello everyone, I have a question about Index fund in Europe.
I am planning to retire in 2 years and become a perpetual traveler, right now just saving my money. (Living in a small rental apartment, no car, etc) I recently read retire early book by Billy and Akaisha and I really like Billy's concept of investing on low cost index fund getting 10% return, spending only 3 ~ 4% of total asset a year. This sounds doable. His concept is very similar to "The Intelligent Investor" by Benjamin Graham, and I think I agree with his concept. My question is; Can I find this type (low cost index fund) of stock in Europe? (like Switzerland, or other tax havens). I'm not an american citizen, and my country does not care of taxing citizens who live overseas, so I'm thinking if I can find the index fund type of stock in Tax haven european country, it would make sense to me. If you guys have any knowledge about European stock brokerage firms, where offers index fund type of stock which Billy talks about in European companies, please share your knowledge with me. I'm not an expert stock investor, so I may be talking nonsense, please bare with me and let me know with terms that I can understand. Thank you very much |
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#2 |
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Recycles dryer sheets
![]() ![]() ![]() ![]() Join Date: Jul 2005
Posts: 423
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You can certainly buy foreign ETFs. There are many on the various european exchanges.
ETFs will require a brokerage account and a commission though. Here is the iShares MSCI World ETF and the exchanges it trades: iShares International Many will think 10% is unsustainable though, just to warn you ![]() |
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#3 |
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Thinks s/he gets paid by the post
![]() ![]() ![]() ![]() ![]() ![]() Join Date: May 2007
Posts: 1,358
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Here is one ETF (offered by Credit Suisse) available in Switzerland and indexed on the SMI (the main stock index in Switzerland):
http://www.fundinfo.com/storage/company/csg/666306.pdf Last time I checked the ER for that fund was quite reasonable (0.38 ). It is denominated in CHF. Here is another ETF (offered by UBS) also available in Switzerland and also indexed on the SMI: http://www.bloomberg.com/apps/quote?ticker=FRESMI:SW ER is 0.35. Also denominated in CHF.
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