The Money Mustache Community
Learning, Sharing, and Teaching => Investor Alley => Topic started by: Diego on December 08, 2017, 04:56:28 AM
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Hello guys, I'm completely noob in this and I want to begin my investing career path, but I don’t live in the USA (yet). I’m currently living in Spain (my birthplace) and I’m searching for an opportunity to work in the USA.
Right now I have around 20k little employees lazing off in the bank, and I would like to make them earn some money.
I can put them in a Vanguard fund, but in Spain, in order to put our money in Vanguard, we have to do it through an intermediary bank, thus the commission is higher (~ 0.35%).
The question I have is: Will I be able to transfer this fund to a Vanguard fund when I go to the USA (or to UK)? Is it worth starting a Vanguard fund in my situation? (I’m searching for a job, but I don’t know how much time it will take).
Thank you!
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Thanks for your response. That's a good point, but do you think I will need more than those 20k to "get started" in USA?
I work as a programmer :)
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Maybe you have read this?
https://www.reddit.com/r/eupersonalfinance/comments/3rwxgf/spain_lowcost_index_funds_in_spain/
I think you shouldn't focus on Vanguard. That is something primarily for Americans. You should just focus on buying a worldwide low cost index fund. In Norway I can't buy Vanguard either, but I can buy from a Norwegian index fund that covers either the whole world, or certain regions, like Asia. Maybe one of the Spanish banks or another Spanish company has a good index fund with 0,2% - 0,3% yearly cost.
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$20k could be a lot of money in the US or it could be little. Really depends on where you live. From my experience a career change or a move from one job especially when I moved tended to be a pretty expensive endeavor. A programmer will make more in a city. But that tends to be expensive