Unfortunately, Todd can't succinctly name his 6 principles. I could only jot down 4 of them from the interview: 1. Less is more. 2 Fewer ideas. 3. Fewer requests. 4. Subject line: hey
As a US resident, with the US being 40% of the global stock market by market cap. Do we just stop at 40% market cap weight? Or do we overweight that too given the reasons of foreign treatment, tax inefficiency , and relative standing?
i am not a us resident that beeing said: i solved it by simply owning 2 etf's. one of my home country and one world etf. this way i can just say 30% is my home country and 70% is the rest of the world. sometimes in my investment lifetime this could be bigger and sometimes smaller, who knows.
@@robinspanier7017 that’s the rule of thumb right, but US is the unique exception where they make up 40% of the world market, and assuming I want a home country bias, than that 35% optimal portfolio may not be optimal for US residents. I’m sure it’s not groundbreaking or anything but I am curious about it.
i wounder how much you should allocate in your own homecountry in the eu as well. canada is small compared to europe and yet you should have the same 30% to 40% bias as well. i have a hard time understanding this idea. and i dont get why europe would be considered homecountry? what happens when the eu breaks up? what happens if you put a higher weight on the eu as a english person? why is vanguard allocating 35% to GB before they left the eu?
I'm from Europe, and I rarely invest in EU stocks. The U.S. economy is infinitely better, and now with the sanctions on Russia, even more of a reason to avoid EU stocks.
As far as arguments for home country investing bias in Canada, I was hoping you would consider the extreme tax argument. You did mention that investing in Canadian corporations involves getting a dividend tax credit. However, you didn't mention that for Canadians without a pension or employment income, they could receive well over 40K of income tax free. I'm sure there would be an argument for those Canadians to have a much higher Canadian home bias. I really hope you consider this argument the next time you bring up this topic. Maybe the growth of a international diversified portfolio is greater than getting your dividends tax free over time, maybe not.
If you can get Ray Dalio to come on RR it would be amazing! After reading his books I would say I'm a fan, but I still enjoyed the episode on the book that dissed him. There is always more to the story than what any one person says and you have to be open minded to opinions that don't agree with your own...
I went specifically to look for The Six Principles Checklist and the Women’s webinar links. Please fill in-thanks! 🙏🏼☺️
Well, Novo Nordisk’s market cap counts half of Denmark’s GDP, the stock has performed so well last decade.
I WOULD LOVE AN RR VEST!!!!!
Can you link to Mr. Rogers 6 principals GPT4 trained model?
Does anybody else find Mark's microphone to be very sibilant? That segment was physically unpleasant to listen to for me.
Yes please have a talk about Bitcoin!!!
Unfortunately, Todd can't succinctly name his 6 principles. I could only jot down 4 of them from the interview:
1. Less is more.
2 Fewer ideas.
3. Fewer requests.
4. Subject line: hey
Ray Dalio on RR would be hilariously awkward - I hope it happens 😂
As a US resident, with the US being 40% of the global stock market by market cap. Do we just stop at 40% market cap weight? Or do we overweight that too given the reasons of foreign treatment, tax inefficiency , and relative standing?
i am not a us resident that beeing said: i solved it by simply owning 2 etf's.
one of my home country and one world etf.
this way i can just say 30% is my home country and 70% is the rest of the world.
sometimes in my investment lifetime this could be bigger and sometimes smaller, who knows.
@@robinspanier7017 that’s the rule of thumb right, but US is the unique exception where they make up 40% of the world market, and assuming I want a home country bias, than that 35% optimal portfolio may not be optimal for US residents. I’m sure it’s not groundbreaking or anything but I am curious about it.
the US is morethan 60% of the stockmarket?
@@stiffeificationno, it currently makes up 42% of the global market cap.
@@sexysexminecraftnot of the free float, the only relevant metric. the US is 62% in the msci ACWI index.
that very intersting. how much for euro zone allocation would be? 35-50 :D
i wounder how much you should allocate in your own homecountry in the eu as well.
canada is small compared to europe and yet you should have the same 30% to 40% bias as well.
i have a hard time understanding this idea.
and i dont get why europe would be considered homecountry? what happens when the eu breaks up? what happens if you put a higher weight on the eu as a english person?
why is vanguard allocating 35% to GB before they left the eu?
I'm from Europe, and I rarely invest in EU stocks. The U.S. economy is infinitely better, and now with the sanctions on Russia, even more of a reason to avoid EU stocks.
@@p.c.h.6721True....and my cash and house is in the EU too.
As far as arguments for home country investing bias in Canada, I was hoping you would consider the extreme tax argument. You did mention that investing in Canadian corporations involves getting a dividend tax credit. However, you didn't mention that for Canadians without a pension or employment income, they could receive well over 40K of income tax free. I'm sure there would be an argument for those Canadians to have a much higher Canadian home bias. I really hope you consider this argument the next time you bring up this topic. Maybe the growth of a international diversified portfolio is greater than getting your dividends tax free over time, maybe not.
Is there a poutine and maple syrup CPI? Asking for a friend. 😉
If you can get Ray Dalio to come on RR it would be amazing! After reading his books I would say I'm a fan, but I still enjoyed the episode on the book that dissed him. There is always more to the story than what any one person says and you have to be open minded to opinions that don't agree with your own...
@@precisi0n86if you are determined to blindly defend an idea that you hold, how are you going to know if its right or true?