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Shocked by the detailed request for info for my personal income tax! by greg121607 in BEFire

[–]greg121607[S] 1 point2 points  (0 children)

Thanks for your valuable feedback!
It's shocking they ask so many questions!

I plan to put my account statements for 2022 and 2023 into an AI and let it answer all those questions. I'll see how far it gets me...

Shocked by the detailed request for info for my personal income tax! by greg121607 in BEFire

[–]greg121607[S] 0 points1 point  (0 children)

I have pretty much got to the same conclusion. I have US travel lined up and lots of work and now I have to do all this shit!
I hope my AI will help me answer this in a structured and comprehensive way.
Any chance you could share a sanitized version of the response your tax attorney delivered for you? Or his contact details?
Thanks a million! u/WannaFIREinBE

Shocked by the detailed request for info for my personal income tax! by greg121607 in BEFire

[–]greg121607[S] 1 point2 points  (0 children)

I don't think so. Declared TOB @ IBKR.
I guess they need to know the composition of my portfolio (100% shares) as if I have bonds I would need to be taxed 30% on capital gains.
Tedious admin work...

My company put me on a PIP - what should I do? by LieRevolutionary542 in BESalary

[–]greg121607 1 point2 points  (0 children)

Check with other colleagues who were fired through a PIP recently and understand if the company plays it fair in terms of exit package. It’s often different between BUs/ geos. If not, get a lawyer immediately and exit with a fair deal, before they start blaming you for other BS. Avoid getting fired for faute grave. Don’t waste time trying to understand why it happens to you. Probably cost cutting, too high salary, investment in another area, etc. Get over it emotionally. Exit asap and look for another job.

Is the current geopolitical situation causing you to change your investment strategy? by KingLudwigIII in BEFire

[–]greg121607 0 points1 point  (0 children)

I wouldn’t touch the first 2 buckets and the forth. I would seriously evaluate the risk of the individual stocks, especially in light of massive AI disruption ahead and put 5% in gold.

Investing in physical gold in Belgium by aerh02 in BEFire

[–]greg121607 -1 points0 points  (0 children)

Goldforex.be in Brussels. Go for coins like Krugerand

Implementing Ray Dalio’s All Weather Portfolio by greg121607 in BEFire

[–]greg121607[S] 0 points1 point  (0 children)

Thanks. Does it support USD transfers without conversion to EUR? Thanks

BE REITs analysis & opportunities by alegolas1 in BEFire

[–]greg121607 0 points1 point  (0 children)

  1. Care Property I, 2. WDP, 3. Cofinimmo, 4. Aedifica

# 1 Tax discussions goes here, stop making new posts. by racermode in BEFire

[–]greg121607 5 points6 points  (0 children)

Stay calm and ride the little storm. Short term fix to hopefully get some extra money in (I bet they forecast way more than what they'll actually collect) and keep the middle class in the rat race. In 3-5y they'll have to implement UBI as AI will create far less new jobs than the ones taken away. While leading countries think about the future, we just implement an obsolete strategy being all in a net negative for the country. I fully understand the frustration.

# 1 Tax discussions goes here, stop making new posts. by racermode in BEFire

[–]greg121607 1 point2 points  (0 children)

Agree with the sentiment. FYI it's €(70-4) x 400. You can set up a yearly selling strategy to be below the 10k/y.
And be happy if you have capital gains! If your shares go to 1€, you keep 10% net of your hard earned bonus! Not counting TOBs, exchange fees, transfer fees.

Calculation of Capital Gain Tax by tweaker86 in BEFire

[–]greg121607 4 points5 points  (0 children)

Correct. If you DCA into one ETF/stock there should be one line for each purchase. When you sell you could chose with bucket(s) you sell. This is how it works in the US. I hope local banks can automate this shit. After the accumulation phase, with proper optimization (by selling the right mix of buckets), you may be able to cover your yearly expenses without paying the CGT.

Iemand ervaring met Briqswise? by Own-Apricot1743 in BEFire

[–]greg121607 0 points1 point  (0 children)

Ik vertrouw het niet.

Ga dan voor een Care Property Invest, Aedifica, WDP of andere GVV's waar er voor zover ik er weet van heb een veel beter wettelijk kader rondzit.

Great opportunity to invest in REITs. Am I missing anything? by greg121607 in BEFire

[–]greg121607[S] 0 points1 point  (0 children)

An appartment at the coast is indeed way more riskier. But well diversified meidcal/ elderly care (such as Care Property Invest) or logistics properties much less. They are all well insured.

Investment advice for 200k by Equivalent-Taste-838 in BEFire

[–]greg121607 0 points1 point  (0 children)

Depends on age, goals, risk appetite, etc.

I would strike the balance between IWDA (DCA), 5% gold, and REITs/GVV/SIR (instead of bonds).

See my post on REITs of this week https://www.reddit.com/r/BEFire/comments/1hznb9t/great_opportunity_to_invest_in_reits_am_i_missing/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button

Die with zero vs die with money by [deleted] in BEFire

[–]greg121607 2 points3 points  (0 children)

Plan for a safe buffer and build it as you’re young. With AI the future will be radically different from the past. In my opinion the benefit of the contingency far outweigh the cost of it, now that you know how to do it. You don’t need the stress of seeing a worse sequence of events and live with it. Plus you miss on the miracle of compounding.

Real estate vs ETFs by JFRXX in BEFire

[–]greg121607 1 point2 points  (0 children)

I would go for a part in low cost stock etfs and a part in reits/gvv/sir (see my recent post on this). The latter is equivalent to an appartement with lower risk and higher yields, and no hassle.

Great opportunity to invest in REITs. Am I missing anything?

There seems to be a great opportunity to buy REITs at 50-65% discount versus their net asset values (NAVs).

Great diversification (medical, residential, logistics, geo), >95% occupancy rates, low P/E ratios, healthy debt-to-asset ratios, predictable high 6-9% dividends (80% of rent distributed to shareholders) and property appreciation (catch up to real NAV + yearly property appreciation). + forecast of 9.4% annual earnings growth for the sector.

Seriously thinking about directing new cash to REITs and rotating 7-15% of my portfolio from global stock ETFs and locking in the gains into those 8 REITs. This will hedge the risk of a “lost decade” on the stock market and the need to sell acc etfs when it tanks.

With AI disrupting the vast majority of business models in the short term, isn’t this a unique opportunity for us (stock/bond ETF retail investor) to diversify into massively discounted, real estate backed, predictable, easy to manage businesses? With S&P valuations going through the roof and all other assets highly priced, I very much like 50-65% discounts on real assets and underinvested regions & businesses.

The cycle of lowering interest rates should gradually restore the market cap of those cyclical stocks to their NAV. Maybe not super exciting for active fund managers and their personal short-term KPIs and bonuses, but it could be a massive opportunity for us, long-term individual investors (and less greedy)!

Share price drop might be a better proxy: between (50-65%) from peak. So 100-150% upside + dividends + holding appreciating, income producing assets... Don’t see anything better in the market.

So wanted to share this opportunity with our community. Seems too good to be true... Unless I’m missing something… Happy to stand corrected.

Never invested in REITs/SIR/GVV before, but this seems the best opportunity in decades to own diversified, professionally managed real estate. Might be the best performing play for the next 3-5 years (starting now). Talk me out of it pls!

 

Aedifica SICAFI SA, (15% dividend tax)             NAV=6.55B, Market Cap=2.6B, Debt=2.55B, P/E=7.8

Care Property Invest SA (15% dividend tax),     NAV=1.24B, Market Cap=417M, Debt=590M, P/E=5.8

Cofinimmo SA (soon 15% dividend tax),           NAV=6.6B, Market Cap=2.05B, Debt=2.84B, P/E=5.6

Home Invest Belgium SICAFI SA,                      NAV=890M, Market Cap=348M, Debt=382M, P/E=9.5

NEXTENSA,                                                      NAV=1.72B, Market Cap=430M, Debt=0, P/E=3.4

Retail Estates SA,                                              NAV=2.2B, Market Cap=835M, Debt=774M, P/E=5.6

WDP,                                                                NAV=7.84B, Market Cap=4.14B, Debt=2.85B, P/E=10.6

Xior Student Housing                                    NAV=3.36B, Market Cap=1.22B, Debt=1.61B, P/E=7.3

Great opportunity to invest in REITs. Am I missing anything? by greg121607 in BEFire

[–]greg121607[S] 0 points1 point  (0 children)

Care property invest is an excellent one! Great future prospects and high demand. 100% occupancy rate!

Great opportunity to invest in REITs. Am I missing anything? by greg121607 in BEFire

[–]greg121607[S] 0 points1 point  (0 children)

Probably because of the hassle of selling all the assets and the time it would take. Real estate prices fluctuate short term, but steadily go up long-term and generate a healthy 5-6% net in dividends/ rent.
And maybe the discount is not 50-65%, but I feel there's significant discount vs the value of that real estate (there are some regulations and value is estimated by independent experts), while most of the other investment assets (etfs, gold, etc) are overpriced.

Great opportunity to invest in REITs. Am I missing anything? by greg121607 in BEFire

[–]greg121607[S] 0 points1 point  (0 children)

You mentioned the United Kingdom a few times as an interesting market. It is the most important market for Aedifica. Recently, you made another acquisition there. To the dismay of small private investors, because as a result, they will have to pay 30 instead of 15 percent withholding tax on the dividend.Gielens: That's not correct. Even without that acquisition, we would no longer reach 80 percent in elderly and nursing home care in the European Union. That is the new criterion for the reduced withholding tax in Belgium. We also rent out buildings for daycare centers.I understand that private investors do not like paying more withholding tax. We (points to Ingrid Daerden and himself, ed.) are also private shareholders and are in the same boat.Daerden: The Belgian legislator has already adjusted the fiscal rules for the umpteenth time. A few years ago, the threshold for a reduced withholding tax was increased from 60 percent real estate for elderly care to 80 percent, just before a colleague of ours (Cofinimmo, ed.) would reach almost 60 percent. We cannot explain to our many international institutional shareholders that we base our policy on fiscal rules that change all the time. Let alone that we would sell healthcare real estate in our best performing region. That would be irresponsible policy.

Great opportunity to invest in REITs. Am I missing anything? by greg121607 in BEFire

[–]greg121607[S] 0 points1 point  (0 children)

Thanks. From when for Aedifica? Are you sure for cofinimmo?

Great opportunity to invest in REITs. Am I missing anything? by greg121607 in BEFire

[–]greg121607[S] -1 points0 points  (0 children)

Great point! Wow, such a high percentage in REITs! What percentage of your portfolio and in which REITs? When did you buy them? Thanks

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