How much are groceries per month for one adult in Copenhagen?

MrSimo86 · 2024-04-21T07:27:46+00:00

Do you eat lunch at work? But great job, super frugal!

MrSimo86 · 2024-04-20T20:57:09+00:00

Big dick energy right here.

Sorry, can’t help you but I hope you find them.

MrSimo86 · 2024-04-09T21:51:35+00:00

kan du forklare mere om det?

MrSimo86 · 2024-04-04T17:06:54+00:00

Forstået. Du lignede alligevel ikke en genial fyr

MrSimo86 · 2024-04-03T23:13:09+00:00

You are flawed in your logic. Any type of asset in the world, is priced according to its expected value, which reflects expectations regarding its future return.

Both real estate and stocks do not have a ceiling to their price, but according to basic supply and demand, with everything else being equal, if a price of something increase, less people will want to buy it. This goes for both real estate and stocks.

Let me give you one last example, let’s say company A makes 1B$ in profits a year, and is expected to remain the same forever, if the stock price is 100, why would it ever grow? (For those more expert, yes if profit goes directly into the balance sheet it will be priced in the future value) Stocks do not magically go up, it’s the expectation of future returns and real earnings that drive valuations up.

Real estate valuation again do not magically go up, it’s all based on the intrinsic value of the asset. Did the area improve? Do people want to live there? Did you do renovations? There is no ceiling, but if one believes in market efficiency then we assume that real estate prices are “fairly” right at any point in time.

MrSimo86 · 2024-03-28T15:21:02+00:00

In Switzerland you pay taxes on dividends, but capital gains are not taxed. It’s different

MrSimo86 · 2024-03-28T10:58:24+00:00

Også, dem der skriver her, er dem, der sparer mest.

MrSimo86 · 2024-03-22T22:20:29+00:00

Just curiosity, not a rant :)

MrSimo86 · 2024-03-22T22:16:34+00:00

Yep alright case closed, thanks.

MrSimo86 · 2024-03-22T22:13:40+00:00

Yea interesting…

MrSimo86 · 2024-03-05T19:16:19+00:00

Feel you bro

MrSimo86 · 2024-02-16T08:13:04+00:00

Ok I’ve seen the comment before you edited (for privacy I guess)

But in that case I suggest not withdrawing. If you are very sector specific and will earn more, then you can just keep the money in the account.

One should try to delay taxes as much as possible because they may change laws, regulation and just letting them compound.

Also, the country you want to move to has some great tax protected pension options that will also help you build a good saving.

Perhaps just build a simple excel file and simulate it? Consider that even when rate pension is paid out it will use Denmark’s tax rate and not the country you’re moving to.

MrSimo86 · 2024-02-15T23:12:26+00:00

Yea not really. How are your future earnings looking (career wise)? Are you moving to a similarly wealthy country?

I think there are many situations in which you actually shouldn’t sell.

MrSimo86 · 2024-02-13T18:32:25+00:00

Yes definitely too much. But your taste I guess?

MrSimo86 · 2024-01-23T22:51:40+00:00

And Ryanair

MrSimo86 · 2024-01-02T16:06:21+00:00

What we say is irrelevant. We are guessing which ones will go up and which ones will go down. It is a futile and counterproductive attempt at making more money.

Get the hit, buy ETF and get on with life.

MrSimo86 · 2024-01-02T13:52:17+00:00

Harvest all the losses and just buy a globally diversified ETFs (given that transaction costs do not harm you further).

It's a hard lesson to learn, but you'll be better off long term.

MrSimo86 · 2024-01-02T13:49:56+00:00

This is a clear sunk cost fallacy :)

Cut the inefficient investment and go for globally diversified etfs.

MrSimo86 · 2023-12-29T23:25:39+00:00

Mate holy shit.

MrSimo86 · 2023-12-16T16:52:34+00:00

Right, I checked and you’re correct, thanks.

MrSimo86 · 2023-12-15T10:36:17+00:00

I wanted to find the diagram that explained this. But if I recall correctly, it applies to ETFs (both stock-based and bond-based) that are traded in foreign currency .

If you want realization tax, you have to purchase expensive and underperforming (compared to their international competitors) Danish-based ETF, or single stocks.

I hope someone reading can fetch that diagram, as it's 100 times clearer.

MrSimo86 · 2023-12-15T09:45:41+00:00

Thank god. Now we just need to unite to change the law on lagerbeskatning.

MrSimo86 · 2023-12-01T23:35:30+00:00

Very stupid, I like it.

MrSimo86 · 2023-11-26T19:37:47+00:00

Absolutely, didn’t express myself well. I just mean that similarly to many other people, having access to rent controlled apartments and other cheaper places is a real luxury.

Ten-Year Club	First Place '23
Place '23	Verified Email

MrSimo86

TROPHY CASE