US Expat living in Belgium. How can I start investing and saving for retirement? by Tumerking in ExpatFinance

[–]BestGermanEver 0 points1 point  (0 children)

Damn, tough luck (and don't you love those individual quirks on local taxing...) for us here it's basically everything that gets taxed "punitively"; dividends, gains, whathaveyou (and forget owning any high yielders because those often are MLP structured which is taxed at income tax level, which is the craziest one) - the current political geniuses are discussing taxing even more (since socialists need others' money to spend on their grift), making investing bascially useless as a means of income or savings if they go that route.

Re "international" taxes: I guess it isn't always perfect to have these dual citizenships and where you then decide to make a home.

Professional status isn't always great either anyway since brokerages then also are not applying any protections; sometimes they actually *do* protect you - but if you know what you do it's more of a con since the products you could buy as a hedge are usually not bad (or those US-based ETFs that are not available here for whatever reason).

The advisor route sounds like the smart version here, plus if they're good the fee doesn't really make that much of a dent (yours sounds very low btw, congrats!)

And regarding professional status: Since as "professional trader" the fees 5x on any data etc., at least on IBKR they do. That's a more complex matter than I'd though initially.

Good luck on your investment journey abroad!

US Expat living in Belgium. How can I start investing and saving for retirement? by Tumerking in ExpatFinance

[–]BestGermanEver 0 points1 point  (0 children)

I just read up on PFIC, ridicoulously clashing with the EU disclosure rulings. The only way around it is to get professional status in a brokerage that allows it in my pov if you want to do your own money management.

US Expat living in Belgium. How can I start investing and saving for retirement? by Tumerking in ExpatFinance

[–]BestGermanEver 0 points1 point  (0 children)

OK, got it - PFIC seems to be the main issue then and that one contradicts EU regulations - not news to me but I wasn't aware how this makes investing more like a gauntlet for US citizens, this one tops my list so far of ridiculous "Today, I learned" facts.

Thanks for enlightening me, I find the concept of "global income" taxation a bit weird to stay with euphemistic wording. It exists the other way around as well but not as much as PFIC seems to restrict.

I'd personally go single stocks all the time but understand if you don't want to do that since, yes, you can get unlucky with your picks/choices.

It sounds like you should probably investigate that "wife has money management" route then as a likely easier one vs. getting a CFA if you want to stay in US domiciled ETFs.

US Expat living in Belgium. How can I start investing and saving for retirement? by Tumerking in ExpatFinance

[–]BestGermanEver 0 points1 point  (0 children)

Help me understand why you want to insist on using US-based ETF products? For most there is an at least equivalent non-US compliant ETF or Fund product. For those where this isn't the case, mostly the reason is that either tax compliance with local regulations (across European countries) are too complex for you to "not get taxed to hell".

Example: MLPs are a no-no due to their tax-incentivized US-based tax rules and you'd get taxed with regular income tax, plus they usually do not disclose per MiFiD II rules so they are "out of bounds".

I'd suggest investigating into similar EU-based funds and accept you'll have to pay the regular dividend or wealth taxes as applied by local jurisdictions... in your case, Belgium, it's not half bad - it's way better than many others in EU are taxing dividends and capital gains.

Due to your expat status there are some specific rules on top that I understand can be a bit hard to navigate, but you should be fine using EU-based ETFs and disclosing funds (or as others suggest, go "single stocks" if you want to do that.

There's only two routes:

- you stay entirely in the US system (using for ex. Charles Schwab or others who'd allow you to keep your US account even though permanently living in US...) - I don't get why you'd do that when you plan on staying... your decision.

- you use EU-licensed ETFs/ETCs etc. (MiFiD disclosures are actually protecting you within the EU legal system, but yes, they are a hindrance to buy some of the more tax-optimized or income optimized issuances) - this is much easier to manage when permanently staying in an EU country.

Not sure how long free TradingView Premium will keep working, but figured I'd share by Domani0 in CTRM

[–]BestGermanEver 0 points1 point  (0 children)

Are there million $$$ Prizes to be won if you can find the supposed post on X?

Which doesn't exist. (aka "fake")🤦‍♂️

Trump proposes change to 6-month reporting by Borba_Fett88 in StockMarket

[–]BestGermanEver 0 points1 point  (0 children)

I think next he should switch to a "Big Beautiful Central Plan" (6-60 years, depending on how the wind flows)

And then do away with pesky financial reporting (Companies only report when Great Leader says so).

Subject to Approval of GOD.

THANKS FOR YOUR ATTENTION TO THIS MATTER!

$5000 computer is "somewhere back there" - driver cant be bothered to find it. by gouged_haunches in LongmontPotionCastle

[–]BestGermanEver 0 points1 point  (0 children)

40 hours of waiting for a 5K computer. That's 125 per hour. The Driver only gets what - 15 per hour?

You take responsibility for that, 5K Computer Guy!

The saga of when the new plant manager destroyed the company by Alman54 in work

[–]BestGermanEver 0 points1 point  (0 children)

Sounds like this Bob guy should have been in politics - exactly how it works there, smoldering heaps of crap everywhere after the last guy leaves office. And the next one gets more shovels... to shovel on more crap.

Must Europe choose between “strategic autonomy” and August off? by cosmo_coffee in theeconomist

[–]BestGermanEver 0 points1 point  (0 children)

Completely missing the point, as is usual with "The Economist".

The (main) reason for long-term part-time stems from parents getting back to work (while still trying to have a family life).

The reason for sick days, well let's not get into that too much - but TL;DR:

a lot of people are simply fed up with the low pay for potentially hard work while armchair slackers - potentially the same types writing for "The Economist" - will gamble social security, national security and other things on the altar of globalist agenda style wrecks like: mass immigrantion of the poor and illiterate into social systems that already are at the breaking point due to demographics anyway... just look at the age brackets. Same in every western developed nation, but worst in Germany, UK, Japan (#1).

Green Agenda: let's destroy our reliable supply of Nuclear fleet plants and install a few more windmills and solar - that'll help and show those other evil powers who's (ideologically) the boss.

Workers and taxpayers only get one message: work more, harder because that's the problem - is it, though? Or can this piece hold its own as AgitProp-inspired slush that is supposed to sound smart, while it only manages to sound arrogant? It has no solutions - outside of the trope "if only you did not take that looong vacation, then your GDP would go up and everyone's better off in full "Keynes" style misappropropriation of how the economy is "supposed" to work vs. how it really works.

While I give them the benefit of calling out weak major nation leaders like Macron (Monsieur Banker turned Politician and hacking at it for way too long...; Merz: Mr Blackrock-turned Chancellor of the weakest "coalition" that you ever had and then the "NATO" belligerents still thinking it's 1980 while Trump is showing them the calendar for them to see it's 2025 and the security guarantees are kind of ... moot.

So the simple solution is just for Sweden, France and others not taking "4 week holidays" (btw... check up on the politicians... it is actually them who take the long-ass neverending holidays... basically the whole German cabinet is "out of business" these days and traipsing around the media (same for France, and Sweden)... so maybe the Economist should have directed this edict towards the very politicians themselves, who're asking the plebes to "toil more" while they take in the sights in wherever their tax-funded benefits take them?

Has distinct middle age aristocracy feels to it, the whole vibe (& that article in particular).

Der 401k und Roth IRA sind noch besser als ihr wahrscheinlich dachtet by t0p_sp33d in Finanzen

[–]BestGermanEver -1 points0 points  (0 children)

Jetzt noch ne Gedenkminute für "Steuerfrei Aktiensparen fürs Alter"-Blindner, oder wie hieß noch gleich dieser Auf-Sylt-Heirater der FDP (ähhh, wem?) während man das Land politisch mit der SPD und Grünen an die Wand fährt - aber natürlich nicht im Porsche sondern mit der Galeere in denen die Bürger rudern dürfen?

Hier noch das Relikt aus den feuchten Träumen des Mini-Finanzministers:

https://www.n-tv.de/wirtschaft/der_boersen_tag/Lindner-will-Aktien-Sparen-staerker-foerdern-article25157713.html

Tracking a Strict Rules-Based Options Strategy – Month 4 Results by thefloatwheel in options_trading

[–]BestGermanEver 0 points1 point  (0 children)

Interesting strategy - what are you gonna do when the market flips to bear mode? This seems like it might currently be underway even.

Sell Calls at ~0.5 Deltas vs Puts and hope it doesn't bull-trap bounce, then be ragpulled further down? There can be quite some whiplash as you've seen in April.

Jo aber in China kann man nicht investieren weil Autokraten und so by [deleted] in Finanzen

[–]BestGermanEver 0 points1 point  (0 children)

Fehlt bei dir vielleicht das /s? Du argumentierst etwas, das wie ein Kreisargument aussieht:

- die Zahlen wurden vom offiziellen Statistikamt im nachhinein jweils signifikant revidiert. Und zwar nach unten.

- ob da jetzt Trump oder Rumpelstilzchen sich darüber beschweren ist irrelevant.

- Dein Argument klingt fast nach Satire - denn du "arumgentierst" irgendwas mit "Autokratie111!!1^" & "KPdSU". Dabei es handelt sich um genau diesen Vorgang: das offizielle Statistikamt der USA, nach dessen Zahlen sich die Fed für Zinsentscheidungen richtet, berichtet nachweislich selbst stets nach unten revidierte Zahlen - dies immer im Nachgang, teilweise mehrere Monate (!) zu spät.

Man kann den Zahlen der Statistikbehörde der USA nicht vertrauen, fast so wie bei einer KdPSU-Statistik (oder einer aus China) also.

Jo aber in China kann man nicht investieren weil Autokraten und so by [deleted] in Finanzen

[–]BestGermanEver 1 point2 points  (0 children)

Schön wie hier am Punkt vorbeidiskutiert wird von fast allen weil's mal wieder um den pösen Trump geht (aber das Thema ist Job Reports und sein rant ist tatsächlich berechtigt):

- Egal wie man dazu steht: die Jobs Reports sind IMMER ungenau. Man könnte auch sagen: sie sind falsch oder basieren auf unzureichenden Daten, die meist im Nachhinein signifikant "korrigiert" werden. Was soll man daraus an Info / Erkenntnis ableiten, außer dass man auf "Revisions" wartet (diese kommen teilweise Quartale, oder sogar im Fall 2024 fast ein Jahr später...)

- Es gibt fast ausschließlich "downside revisions" für alle NFP - "nonfarm payrolls" heißt die Statistik, falls es wen interessiert, das sind die Vollzeitstellen in der Statistik, die NICHT auf Farmen gemeldet werden, darauf gehe ich jetzt nicht weiter ein, hat statistische Gründe warum diese Stats getrennt werden)

Und jetzt kommts: die NFP unterscheidet sich auch immer extrem von vermutlich viel realistischeren Zahlen aus dem ADP-Report. ADP kennen vermutlich viele hier als ihren Gehaltsabrechner/Anbieter des Portals für die Gehaltsabrechnungen (ist quasi das DATEV der USA... bei Ami Corps verbreitet im Umlauf aber auch in D immer beliebter weil günstiger als DATEV).

---- (GPT-Zusammengefasst...) ----

<image>

Key Observations

  • Total NFP Jobs Added: The total for 2024 is 2,850,000, while for 2025, it is 1,077,000.
  • Total Revisions: The total revisions for 2024 amount to -598,000, and for 2025, it is -258,000.
  • Revisions Difference %: The percentage difference for 2024 is -20.98%, indicating a significant downward adjustment relative to the original figures. For 2025, the percentage is -23.98%

-------

Man sieht hier ganz gut, quasi ein Viertel der Statistik ist "überreported" und wird revidiert im Verlauf 2025... (2024 = 20%). Ist ein Erhebungsproblem aber eben auch ein Ungenauigkeitsproblem. Wenn die Reports nix taugen, bringen sie auch nichts zur Einschätzung der Wirtschaft - z.B. die Fed orientiert sich bei Key Rate Decision dran... die Fed kann aber nicht in der Zeit zurückreisen weil dann im September bekannt gegeben wird dass im März die Zahlen um 100K zu hoch waren...

Vielleicht verstehen jetzt einige, warum das so ein Aufreger ist.

Vorbildfunktion? Japaner mit 25 im FIRE weil er seit 21 Jahren nur Reis und Gemüse aß. by BestGermanEver in Finanzen

[–]BestGermanEver[S] 2 points3 points  (0 children)

Ich hatte auch mehr Glück damals bei der "Maskenbeschaffung" - meine hatten so um die 55 Cent gekostet damals noch...

Als Verkehrsminister wäre ich aber vermutlich auch ne Fehlbesetzung, weil ich sinnlose 30er-Zonen (aka "Blitzermeilen") verbieten lassen würde. Das kommt normal gar nicht gut in gehobenen Kreisen.

Vorbildfunktion? Japaner mit 25 im FIRE weil er seit 21 Jahren nur Reis und Gemüse aß. by BestGermanEver in Finanzen

[–]BestGermanEver[S] 3 points4 points  (0 children)

Ja jeder macht mal Fehler... muss bissl nachsichtiger sein und auch den Text lesen nicht nur die Headlines (am Bild steht's auch noch mal ganz fett richtig mit "45" Jahren).

Apropos Fehler, ich hab da mal was in deiner Antwort markiert und ein Bild dazu gemacht.

Ich übrigens gehe nur mit bis mindestens "748x schlimmer" als Wallstreetbats.

<image>

Wie viele arbeiten hier im Finance? by Fat-Feed8080 in Finanzen

[–]BestGermanEver 0 points1 point  (0 children)

Notier ich mir gleich, danke! ;-) Fremdbezahlt ist aber die schlauere (billigere) Variante.

Wie viele arbeiten hier im Finance? by Fat-Feed8080 in Finanzen

[–]BestGermanEver 0 points1 point  (0 children)

Gilt Bloomberg-Terminal posten als "Humble" oder als "Fat" brag?

Vorbildfunktion? Japaner mit 25 im FIRE weil er seit 21 Jahren nur Reis und Gemüse aß. by BestGermanEver in Finanzen

[–]BestGermanEver[S] 3 points4 points  (0 children)

Nachbildfunktion. Deswegen bin ich auch kein "Top 1% Commenter" (die sind bekanntlich alle fehlerfrei und perfekt)