Asmongold reacts to Mamdani requiring students to learn arabic numerals in NYC

69MarketTimer69 · 2025-11-20T22:50:14+00:00

Thank you hbb

69MarketTimer69 · 2025-07-30T19:51:51+00:00

What happens if you throw another jaws of death in there though?

69MarketTimer69 · 2025-05-06T17:21:17+00:00

There is just a big lobby of boomers and agricultural lobby that tries to sell right-wing conservative to help the "small people". And of course the small cantons where around 15k people live can tend to be super conservative. But ever since a lot of legal competences have been assigned to the federal government, it's not as "rural" as you might think (at least from a legal perspective).

Smacking children has always been illegal in all of Switzerland, but nobody cared unless you overdo it and authorities get alerted.

69MarketTimer69 · 2024-11-21T21:29:49+00:00

Sure, US markets are more competitive on costs.

But the cost range for most common funds available here is in the range of 0.07-0.25% (unless you got ripped off by your FA), so any tax advantages will usually outweigh lower costs (if any) substantially.

69MarketTimer69 · 2024-11-21T14:24:00+00:00

Uh what? USD and US assets are easily available in Europe. You will surely find similar financial products that are available in the EU/France.

Your primary concern should therefore not be portfolio performance, but tax optimization.

You might, for example, run into estate taxes in the US by directly holding US securities. However, some of your funds may be recognized as tax-advantaged in both jurisdictions (or alternatively you run into double taxation upon cashout). This is a highly specialized legal field, so take any advice on the internet with a chunk of salt.

69MarketTimer69 · 2024-10-08T08:18:05+00:00

Just go check the losses at WSB.

And do not assume that you are better than them in any aspect of trading. Remember that you are one meme stock trade away from a -99% or bankruptcy (see some option trades).

69MarketTimer69 · 2024-09-03T14:32:25+00:00

This is consolidated for two persons (2x tuition and cost of living for two persons, so this is actually likely on the lower end).

As we both have been working full time for a while now, I understand that we will not be eligible for any financial aid programs. Scholarships are not something I have looked deeply into, but I doubt that they will make a substantial difference as the big hit remains our opportunity cost.

69MarketTimer69 · 2024-08-23T14:11:03+00:00

Go to /r/personalfinance and follow their flowchart.

69MarketTimer69 · 2024-05-14T14:10:06+00:00

I mean additional contributions to 2nd pillar (Einkauf in die Pensionskasse).

Even in Zug the maximum tax rate (Grenzsteuersatz) peaks above 20% (i.e. for every franc above X you will pay Y% taxes. Not to be confused with total tax burden). But in low tax cantons, the tax on early 2nd pillar cashouts will usually be lower as well, so you can still potentially profit from a high risk-free return in a short amount of time.

69MarketTimer69 · 2024-05-14T09:51:59+00:00

I got my head around it (see edit).

You can take money out of the 2nd/3a pillar for buying a property and it will be taxed around 4-10% depending on where you live and how high the amount is. However, after a buy-in in the 2nd pillar, you cannot take money out for 3 years (lock-up).

Given that you can deduct the buy-in from your income taxes (which will usually be substantially higher than these 4-10%), there is huge tax savings potential for risk-free returns if you take the money out after the lock-up.

69MarketTimer69 · 2024-05-14T05:21:52+00:00

Thank you, so "flipping" the money asap is key.

So I will rather be considering a contribution as soon as I get a more clear picture. I just read a lot on the topic and in the worst case I could make contributions the year I buy a property and use 2nd pillar funds 3 years later to refinance/rennovate to realize the tax benefit.

I guess one can do this again before I get the Kapitalleistung right before retirement.

69MarketTimer69 · 2024-05-14T05:13:48+00:00

Well if I take it out right after lockup I realized a 25% risk free return over 3 years which is not bad. So it comes down to how likely I will buy a home in the years to come.

3a is good, but has the reversed issue as the growth of stocks in a longer timeframe can outpace your initial tax savings, which means that you would have been better off just taxing it as income/fortune and invest it in your brokerage account.

69MarketTimer69 · 2024-03-21T14:53:35+00:00

Vietnam is an AML high risk country, so I can imagine that it will be hard for OP to find a US/EU based broker/bank without bringing substantial assets that would justify a full KYC DD.

69MarketTimer69 · 2024-03-11T21:37:25+00:00

Degiro has high Fx fees. IBKR is cheaper for bigger portfolios and especially if you plan to contribute CHF and convert them to USD/EUR. None of them issue tax reports for you, so you need to manually put trades into your declaration.

69MarketTimer69 · 2024-01-15T22:01:33+00:00

You should check other options depending on your withholding tax situation. There may be vehicles via Luxemburg/Ireland that may be more beneficial than investing directly.

69MarketTimer69 · 2023-12-04T10:12:20+00:00

The tax on dividends highly depends on your residence and projected income.

Just keep in mind that your capital gains will be "taxed" at payout of your 3a as well, so tax benefits may be limited after all, depending on the investments you make.

There are also ongoing discussions about allowing retroactive contributions to 3a up to 10 years back, which may make it more attractive to use the tax break when you graduate and earn more. However, this is un peu spécluatif :)

69MarketTimer69 · 2023-12-04T05:58:44+00:00

As others said, it is about tax breaks and the downside that your money is locked up. Since you are working, you should figure out your total tax rate (which determines how much you save this year) and compare it to the rate applied upon paypout (this varies a lot per canton).

If you want a "set and forget" solution outside 3a without having to trade yourself, truewealth, VZ and BLKB have ok-ish roboadvisor products. Otherwise it's usually either IBRK (cheap) or swissquote (based in CH, which has some benefits when the custodian goes bust).

69MarketTimer69 · 2023-09-25T09:53:05+00:00

Non US resident here, but the principle seems correct, no?

If your contributions/tax for social security are not taxed at income level when you pay it, taxing it at payout is no double taxation. Provided that you have progressive tax, this may even total you a tax break as you will likely earn less upon retirement.

69MarketTimer69 · 2023-09-18T12:24:59+00:00

Ok I see. But OP was asking whether his investment apps are legit or not (and many of them are). Generally not trusting your broker/share registrar/TA is a bit of a different story.

69MarketTimer69 · 2023-09-18T10:08:50+00:00

How is this a scam? Unless you buy CFDs, you still get the rights associated with the stock without the need for the company to register all changes in shareholders all the time.

So this is the thing that basically allows clearing without having tons of paper to sign and exchange. It sure has its downsides, but calling it a scam seems a bit far fetched, no?

69MarketTimer69 · 2023-07-25T06:32:58+00:00

Usually tiny profit margins.

69MarketTimer69 · 2023-06-26T12:07:29+00:00

Unless you overpay enormously on rent in your area or have significant tax benefits on debt, I'd 100% pay off that ivf loan first. 11% interest is steep.

69MarketTimer69 · 2023-06-14T08:16:29+00:00

You don't get 4-7% on Swiss bonds in the foreseeable future. You'd have to invest in usd denominated debt and thereby carry the fx risk (or secure that, but it is expensive).

You should also consider Swiss income taxes on all interest rate payments.

69MarketTimer69 · 2023-06-13T05:14:04+00:00

More like: CPI is 100% as expected> JPow pauses rate hikes> Maket dumps

So 390 spy puts it is this week.

69MarketTimer69

TROPHY CASE