Choice of Broker (Belgium)/Access to World Trackers
Posted: February 2nd, 2021, 9:15 am
[I mistakenly originally posted this (edited) in Investment Strategies and was advised to look here in the Expat Sub-Forum.]
I'd like to get my son investing for his pension on a monthly drip feed / world tracker / hold and forget basis. He's working in Belgium and wants to buy in Euros / build his pension pot in Euros. So far so good!
As I understand it, it matters not what you buy with / get paid in since the underlying investments are regional/global/etc; but since he is paid in Euros does this mean he should focus on avoiding forex issues and stick to Euro denominated funds?
Indeed, from Belgium, is he actually able to use a (familiar) UK broker or provider eg HL or Vanguard? Or are they Sterling only / UK residents only? [Vanguard have already told me that they are not open to private investors in Belgium, only via (some) institutions.]
He's already looked at EU-based / International brokers such as Interactive Brokers and DeGiro.
I see various ETFs, OEICs and Funds listed as being Euro denominated and/or Ireland (or Deutsche Borse, or Paris or whatever) based. Does he simply have to stick with these? I'd also note, however, that the ETFs available via DeGiro are limited in scope and number: there appears to be precious little access to Vanguard, for example.
Your advice on this appreciated: just need to get him going while being sensible about where he is putting his Euros and via which broker. Vanguard VWRL would seem a sensible place for him to start, but how best to do this?
Regards
I'd like to get my son investing for his pension on a monthly drip feed / world tracker / hold and forget basis. He's working in Belgium and wants to buy in Euros / build his pension pot in Euros. So far so good!
As I understand it, it matters not what you buy with / get paid in since the underlying investments are regional/global/etc; but since he is paid in Euros does this mean he should focus on avoiding forex issues and stick to Euro denominated funds?
Indeed, from Belgium, is he actually able to use a (familiar) UK broker or provider eg HL or Vanguard? Or are they Sterling only / UK residents only? [Vanguard have already told me that they are not open to private investors in Belgium, only via (some) institutions.]
He's already looked at EU-based / International brokers such as Interactive Brokers and DeGiro.
I see various ETFs, OEICs and Funds listed as being Euro denominated and/or Ireland (or Deutsche Borse, or Paris or whatever) based. Does he simply have to stick with these? I'd also note, however, that the ETFs available via DeGiro are limited in scope and number: there appears to be precious little access to Vanguard, for example.
Your advice on this appreciated: just need to get him going while being sensible about where he is putting his Euros and via which broker. Vanguard VWRL would seem a sensible place for him to start, but how best to do this?
Regards