Many thanks @jg1234, you helped a LOT!ah I see. sorry didn't realize they were active. I think in Italy is the same: very difficult to find passive funds eligible for pension, and the fees are totally outsized compared to the market. but they have oligopoly and it's easy for them to not compete with each other
Big thanks, @jg12345!
I know, I know… I’ll think about switching from the SP500 to the MSCI ACWI or FTSE All-World. As for my wife, she’ll likely start with one of them, probably the Vanguard option.
These 100% stock allocation funds eligible for fiscal benefits are relatively new (2-4 years old). While their performance has been spectacular so far, I don’t fully trust them yet. I prefer to stick with Bogle’s advice and focus on established, broad-market indexes.![:happy]( "smile")
And indeed, they are "fund manager stock picking" funds.
Anyway. end of the little rant. last thought: see if there are some roboadvisor that would be able to be in the pension wrapper. in Italy there is one called moneyfarm. they are among cheapest fees (the cheapest? unsure) for the tax advantaged wrapper (in italy is about 5k/year) but most importantly no stock picking.
Anyway... seems like you know all this already.
Consider writing an IPS (investment policy statement), if it's helpful. other than that you're all set and good to go. all 5the best!
I’ve already looked into these robo-advisors, but in Portugal, the only one I found is from a Spanish bank, and it requires a Spanish bank account. That doesn’t really work for me because to get the fiscal benefits, I need a pension fund based in Portugal.
Quick question for you, if I may:
Do you recommend any portfolio tracker, especially an app?
I tried using “Getquin”, but for some brokers, the API connection isn’t available yet. This means I’d need to log in using my broker’s credentials directly in the app. And well, you know, I don’t fully trust that, even if it’s managed by a third party through Open Banking...
Statistics: Posted by bomfimpt — Tue Nov 26, 2024 7:13 am — Replies 12 — Views 631