I've been asking myself a huge doubt for weeks:
The perfect allocation I want would be 50% $VTI (+0,86 %) and 50% $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 securities.
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 (45% $VUAG (+0,78 %) , 34% $EXUS (+0,51 %) , 15% $EIMI (+0,13 %) , 6% $WSML (+0,49 %) ).
Having the possibility to purchase both ETFs domiciled in Europe and USA, what would you do?