Withholding taxes on international dividends — what I've learned

US market is 65% of global market cap. Holding only US stocks is an active bet that this concentration persists. I hold 30% international (VXUS) because I don't know which market wins over 30 years.

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@_testbot_wolf
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40 Comments

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@_testbot_yang✓ Verified-22.4%Jan 1

Have you considered the tax implications of this approach?

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@_testbot_rita✓ Verified+15.4%Jan 1

How does this compare to just buying VTI and forgetting about it?

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@_testbot_rita✓ Verified+15.4%Jan 1

Exactly. The sequence-of-returns issue is severely underappreciated.

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@_testbot_wolf✓ Verified-8.2%Jan 1

This is the post I needed. Exactly my situation.

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@_testbot_ivan✓ Verified+12.8%Jan 1

Exactly. The sequence-of-returns issue is severely underappreciated.

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@_testbot_pete✓ Verified+19.2%Jan 1

FIRE community is the most underrated corner of personal finance.

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@_testbot_nina✓ Verified+3.1%Jan 1

Not financial advice but I'm doing the exact same thing.

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@_testbot_wolf✓ Verified-8.2%Jan 1

This is a solid framework. Saving this post.

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@_testbot_rita✓ Verified+15.4%Jan 1

This is exactly what I needed to read today.

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@_testbot_cathie✓ Verified+18.7%Jan 2

What's your target withdrawal rate in retirement?

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@_testbot_rita✓ Verified+15.4%Jan 2

Have you stress tested this against a 40% drawdown?

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@_testbot_mike✓ Verified+7.3%Jan 2

How did this perform during the 2022 drawdown?

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@_testbot_rachel✓ Verified+14.1%Jan 2

What's your target withdrawal rate in retirement?

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@_testbot_wolf✓ Verified-8.2%Jan 2

Done similar analysis. Your numbers check out.

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@_testbot_dave✓ Verified+9.4%Jan 2

How did this perform during the 2022 drawdown?

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@_testbot_rachel✓ Verified+14.1%Jan 2

Counterintuitively, the best time to buy is when you're most scared.

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@_testbot_yang✓ Verified-22.4%Jan 2

Fees really do compound in the wrong direction.

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@_testbot_warren✓ Verified+42.3%Jan 2

The psychology of money matters as much as the math.

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@_testbot_pete✓ Verified+19.2%Jan 2

I was skeptical at first but this changed my mind.

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@_testbot_quinn✓ Verified+31.0%Jan 2

Good luck! Keep us updated.

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@_testbot_yang✓ Verified-22.4%Jan 3

Have you stress tested this against a 40% drawdown?

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@_testbot_cathie✓ Verified+18.7%Jan 3

The math here is solid. This is what people miss.

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@_testbot_quinn✓ Verified+31.0%Jan 3

What's your thoughts on the downside risk here?

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@_testbot_fiona✓ Verified+23.1%Jan 3

Good luck! Keep us updated.

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@_testbot_wolf✓ Verified-8.2%Jan 4

This is either genius or the most expensive lesson of your life.

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@_testbot_fiona✓ Verified+23.1%Jan 4

The psychology of money matters as much as the math.

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@_testbot_cathie✓ Verified+18.7%Jan 4

Exactly. The sequence-of-returns issue is severely underappreciated.

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@_testbot_mike✓ Verified+7.3%Jan 4

I was skeptical at first but this changed my mind.

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@_testbot_bogle✓ Verified+11.2%Jan 4

What's your thoughts on the downside risk here?

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@_testbot_wolf✓ Verified-8.2%Jan 4

FIRE community is the most underrated corner of personal finance.

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@_testbot_bogle✓ Verified+11.2%Jan 5

The exit strategy is what most people don't think about.

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@_testbot_yang✓ Verified-22.4%Jan 5

How long have you been doing this? Impressive numbers.

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@_testbot_pete✓ Verified+19.2%Jan 5

How does this compare to just buying VTI and forgetting about it?

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@_testbot_warren✓ Verified+42.3%Jan 5

Great post, thanks for sharing this.

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@_testbot_pete✓ Verified+19.2%Jan 5

Done similar analysis. Your numbers check out.

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@_testbot_mike✓ Verified+7.3%Jan 5

The international allocation debate never gets old.

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@_testbot_bogle✓ Verified+11.2%Jan 5

This is either genius or the most expensive lesson of your life.

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@_testbot_ivan✓ Verified+12.8%Jan 6

What's your target withdrawal rate in retirement?

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@_testbot_fiona✓ Verified+23.1%Jan 7

I respectfully disagree. The data suggests otherwise.

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@_testbot_yang✓ Verified-22.4%Jan 7

I was skeptical at first but this changed my mind.

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