So, following on from this thread where I narrowly escaped a high-fee, long-term, expensive managed pension plan, I've decided to go the ETF route.
Some basics:
I want a portfolio of ETFs that's roughly as follows:
My questions are:
Would appreciate some tips!
Some basics:
- I'm Irish but non-resident for tax purposes
- I live in Dubai
- I get paid in UAE dirhams, which is tied to the US dollar
- I plan to open a Saxo account, located in the UAE (but Saxo tell me the account would be domiciled in Denmark)
I want a portfolio of ETFs that's roughly as follows:
- 33% European index
- 33% All world index
- 33% short term first world government bonds
My questions are:
- Do I need to specify to Saxo a particular exchange that I want to trade on (for example, New York or Frankfurt or Amsterdam?
- Given that I get paid in US dollar-pegged dirhams, should I specify the Saxo account in the US dollar currency?
- Or, because I'm European and will probably settle in Europe some day, should I specify euro as the currency of my account?
Would appreciate some tips!