I've been asking myself a huge doubt for weeks:
The perfect allocation I want would be 40% $VTI (-0.32%) and 60% $VXUS ... 2 ETFs, covering the large, mid and small-cap market, low purchase commissions, very low management costs (0.05% on average) and assets divided into only two instruments.
The cons of this allocation are having American distribution ETFs that pay me dividends in $ taxed at 26% immediately (living in Italy).
Perhaps, the most suitable alternative for a European investor would be to purchase 4 ETFs which, applying the right %, more or less replicate the allocation of the two above, with higher but more efficient management costs for passive investments (34% $CSUS (-0.33%) , 40% $EXUS (-0.29%) , 16% $XMME (-0.46%) , 10% $WSML (+0.82%) ).
Having the possibility to purchase both ETFs domiciled in Europe and USA, what would you do?
