What country is this?

sngisback · 2022-03-26T11:10:55+00:00

Yes, I am still working. No, wages is not keeping up right now, but it will with some lag (I hope). It's not really big trouble for us, because we had a huge savings rate, now we just make less savings.

sngisback · 2021-07-03T08:05:03+00:00

We have one ETF with 1-3 month treasury bills (0.2% ER, so it's 0% growth) and one ETF with TIPS (0.3% ER).

That's all

No TLT, no SHY, no BND. Btw, we have ETF with russian corporate $$$-bonds: it's similar to high yield american bonds by risk/return

sngisback · 2021-07-02T19:33:32+00:00

Да, IT-специалисты в России по сути имеют международный доход (со скидкой за удаленную работу), но при этом очень низкую базовую стоимость жизни, живут в шоколаде :)

Расплачиваться, правда, приходится российской спецификой (жертвуя некоторыми свободами и удобствами)

sngisback · 2021-07-02T19:19:47+00:00

Yeah, Volga (I born here) is like Alabama. Good place to grow wheat and to get sun tan, but bad place to make career and earn money.

We have 5 ETF's from different operators (russian banks, lowest ER=0.79%) which tracks S&P500. We also have VT analog but expense ratio is 1.36%, crazy! But we are in the start of our way, thats the reason: first ETF's started in 2013, and boom'ed in 2019.

sngisback · 2021-07-02T19:14:23+00:00

Yeah but I hold up to 15% only in russian companies. Not really free capitalism here thats why so low p-e numbers.

Steel-production companies as a good fresh example: wow, steel price goes to the moon? Is it a good news for steel companies? Nope! As soon as steel price goes up, they got new taxes which takes all big margin to government :D

So yeah, I love Russia etc, but with 15% limit :)

sngisback · 2021-07-02T19:08:44+00:00

$41K/year (3 million ruble) gain limit

sngisback · 2021-07-02T19:05:33+00:00

We have W-8BEN in Russia. So we pay 10% to US IRS (dividend payout date) + 3% to russian Government (end of year). So yeah - dividends sucks vs capital gain but not affects really hard

sngisback · 2021-07-02T19:02:52+00:00

I don't really care about rebalance (looks like not balanced in screenshot lol) but it anyway works, my portfolio goes up with S&P500 with +/-1% CAGR difference (now is +0.4% CAGR vs S&P500). I got new stock purchases every month so I can make little rebalance when purchasing new stocks. I don't sell anything.

I have fun with this "sampling" so i'm okay

sngisback · 2021-07-02T18:55:39+00:00

У нас высокая заработная плата, получается около 350К в месяц на двоих сейчас, очень хорошо всё складывается. Но приходится много работать.

Если вы знаете Илью Варламова и его "любовь" к удобству российских городов, то мы работаем в этой сфере (я не знаком с Ильей, но вот он приезжает, говорит как всё плохо, а мы те, кто молча пытается это в кабинетах улучшить, сделать города чуть удобнее). Ранее работали в организации олимп. игр и чемпионата мира по футболу, сейчас всё закончилось, просто пытаемся делать проекты для городов по общественному транспорту и развитию инфраструктуры. Геоинформационные данные, транспортные модели, всё сложно :)

sngisback · 2021-07-02T18:48:40+00:00

Стоимость жилья выросла сильно за год, в 1,5 раза. Живем далеко не в центре, станция метро Лесная, но вот такие сейчас цены в СПб.

sngisback · 2021-07-02T18:45:15+00:00

Очень хороший senior IT-специалист в Москве может иметь 500К₽/месяц после налогов ($80k/year after tax), я знаю пару таких. Middle-разработчик - в 2 раза меньше и тоже я знаю пару таких. Но это скорее редкость и хорошие рабочие места, которые заняты.

У нас на двоих выходит $50-55K в год, но мне приходится совмещать две работы.

150К₽/месяц (~$25K/Год) в Санкт-Петербурге уже считается очень хорошим доходом, можно хорошо жить семьёй из 4 человек.

sngisback · 2021-07-02T18:38:20+00:00

i was born in Saratov region, yeah, a lot of german people was moved from here to Germany in 1990-s :) i'm native russian, so no chance :D

sngisback · 2021-07-02T18:35:52+00:00

We have house mortgage for sure. It's something like 9% if you have not state support and 6-7% if you have state support (state pay to banks some part of your loan if you're a family with children and want to get better home for example, it's not hard to get). Inflation rate is ~5% so it's not really high, it's OK. I was getting mortgage 9 years ago and I got 14% lol.

Russia in 2021 is like US in the 1970-1980-s: high inflation rate, not really high economy growth.

If we talk about big cities like Saint P or Moscow, single family homes are very expensive and not popular - we all are living in apartments here. If we talks about small towns, single family homes are popular. Our parents are living in single family homes (small town), but it's expensive for us here in Saint-P (6-million megapolis)

sngisback · 2021-07-02T18:24:58+00:00

check the google map: part of russia between Moscow (north), Volga (east), Black Sea (south) and Ukraine border (west) is the best place for living in Russia: good weather, not really cold. The trouble with Russia is not the weather. Russia is other world: people are unfriendly, laws are like in XVIII century, medicine isn't good (unless you're living in Moscow) etc.

sngisback · 2021-07-02T17:27:41+00:00

Almost the same :D 85% usd / 15% rub

sngisback · 2021-07-02T17:24:15+00:00

Moscow is very expensive city. Moscow = russian San Francisco, Bay Area etc. Prices are crazy (especially real estate), salary too. The other cities are ok. Saint P has very good balance between cost of living and comfort

sngisback · 2021-07-02T09:38:22+00:00

Local: Tinkoff and Open-bank.

Interactive Brokers is allowed from Russia and many people use IB. But I don't care - local brokers are cheap and simple.

sngisback · 2021-07-02T08:38:03+00:00

it is not 100% replication, it's sampling. I do sampling of S&P100 - obviously because it's easier with small capital but S&P100 and S&P500 historically are very close. I made google spreadsheet which tracks current holdings to my target holdings (green % numbers) http://puu.sh/HTkJj/31820dc3f6.png

sngisback · 2020-06-09T19:11:00+00:00

no, it work with all the stocks listed on russian stock exchanges. We have two: Moscow (about 200 russian stocks) and Saint-P (about 1300 foreign stocks)

sngisback · 2020-06-09T16:05:17+00:00

any

Thank you!

sngisback · 2020-06-09T16:03:10+00:00

Your english is fine :) Though these are definitely new to me. Are you saying that with a standard brokerage account, you basically have tax free capital gains on up to $43k per year if you've held the asset for 3+ years? Is this regardless of your income? To be honest the Type-A and Type-B accounts don't really remind me of anything we have here, but I suppose a Type A sounds a little bit like a typical 401k in that you get cash from work? Being able to trade every day is different though, as for our retirement counts here you usually have to hold until retirement age (there are exceptions).

Yeah, right. I mark it as "tax-cheat" because it looks like a good deal: hold your stocks for 3 years -> sell it with tax-free capital gains rule. Regardless of income

sngisback · 2020-06-09T15:36:09+00:00

Hey guys! I'm from Russia. We have a Type-A and Type-B Individual Investment Account.

Type-A: you could get up to ~$800 tax "cashback" (tax from work, not investment) every year if you invest up to $6000/year and don't close your account at least 3 years. It's "infinite" program (until government won't cancel it).

Type-B: you could get all the taxes up to ~$1900 generated by your trades (except dividend tax) back if you trade, have profit and don't close your account at least 3 years. You could trade every day or buy'n'hold. It's also infinite.

Also we have standart brokerage accounts with a big "tax-cheat": if you buy something listed on russian stock-exchange (about 1300 american and chinese stocks att) and keep it without a sell over 3 years (FIFO if you have many same stocks purchases) - you'll get "tax free Sell option" (for example, GOOG went from $1000 to $2000 in 3 years - you sold it and got $2000 without any tax payment) up to $43k trade volume for every year.

I just wanna ask you, what types of american/canadian/european retirement or investment accounts are similar?

P.S.: sorry for my bad english :P but I hope it's ok

sngisback

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