Hi r/investing!
I'm a New Zealander, and after much struggle, I now have access to US ETFs. I've read a lot about portfolio construction, but they are all in the context of the US, so 401ks, IRAs, etc -- none of that applies to me.
Our tax structure is very simple -- there is no tax on capital gains, I only need to declare (itemize?) any dividends/distributions received.
I'm wondering how that might alter the usual advice for portfolio construction. I wonder if a tilt toward growth stocks might be a good idea since they are less likely to pay dividends. But I don't want to be silly about it...
I have access to a lot of the common ETFs, eg Vanguard, iShares, Direxion, ProShares, SPDR, Fidelity, Schwab, etc.
My horizon is around 23-25 years, I am basically a long-term Boglehead. My current plan is VT as the core, then a tilt to emerging, and a 10% bond holding, all rebalanced annually.
Thoughts? Thanks!
Submitted April 17, 2019 at 02:28AM by mattparlane http://bit.ly/2GtDdJC
