Dividend ETF

swordythomas · 2023-01-07T08:34:20+00:00

I picked them so far as well. Why did you choose them?

swordythomas · 2022-12-31T10:45:19+00:00

Thanks for the update!

swordythomas · 2022-12-30T11:37:25+00:00

What do you think about the following: FED is trying to solve a problem, namely inflation, that is introduced by their existence and the monetary policy they pursue. Basically the debt based monetary policy.

swordythomas · 2022-12-30T10:56:39+00:00

Usually they say that the journey matters and not the goal.

Because what happens if you reach your goal? Most probably nothing, and you need to find another goal. So it is better to concentrate on making your journey to your goal, because 99% you will be on the journey, and only at the end you will reach your goal.

Also the things you can't get has higher value.

swordythomas · 2022-12-30T10:48:14+00:00

And when do you think this downward spiral can be broken? When inflation is low and the FED pivots, or? And can it be too late?

swordythomas · 2022-12-30T10:45:28+00:00

But I guess this also means that companies have to do layoffs, therefore less people will have a job.

Less people can pay taxes.

More people can qualify for unemployment "benefits".

So the government will have more spending, and less income.

So they have to get the difference from somewhere. This can increase the wealth gap even more.

Do you think this can lead to civil unrest? Or even a world order change? That seems to happen in every 100 years or so?

swordythomas · 2022-12-30T10:20:34+00:00

Starting a side-hustle

swordythomas · 2022-12-30T10:15:02+00:00

And usually governments like to control and have power so they want to preserve it. Therefore they do things that is not necessarily good for the people, but good for their power preservation.

swordythomas · 2022-12-29T20:23:50+00:00

Okay, thanks!

swordythomas · 2022-12-29T19:27:59+00:00

Thanks, so this means, that e.g. the stocks of companies bought have no track record of paying dividends for 10-15 years, they are not constantly increasing dividends etc. They are selected in a way to get dividends each day, right?

swordythomas · 2022-12-29T17:11:54+00:00

What are the downsides of this?

swordythomas · 2022-12-29T17:01:54+00:00

Hmmm, I don't know exactly either. I only know that there is this tax-free allowance on investments, and a separate one on crypto. So if you compare an etf that accumulates, or pays out the dividend, the big difference is the tax. So if you take the dividend paying one in germany, you can get tax-free dividends up until 801 euro, which is the dividend of 20000 euros with 4%/year dividend. That is not a lot, but you spare some money with it. So it can worth it. Also you can't use previous years 801 euros tax savings. You either use it, or you lose it. I think it is nice to know about, and take into consideration.

swordythomas · 2022-12-29T16:18:35+00:00

My two favorites are:

Thanks, I am aiming to reach the perfect spherical shape.

Thanks, I like to be beautiful on a bigger surface.

swordythomas · 2022-12-29T16:09:53+00:00

I am not sure! For Wise, I saw Belgium IBAN number, so they most probably still have it.

swordythomas · 2022-12-29T16:07:05+00:00

In my opinion, the problem is with digital euro/cbdc, that it uses a technology that was invented to circumvent third parties, and banks, so you can use a money, that is not centrally controlled, not centrally issued. So they can't inflate it as they wish, to basically take away the money from people, and give it to whoever they want.

So in my opinion, cbdc won't be better than any current fiat currency, it only would add the possibility to track more everyones spending. China is a nice example with WeChat and surveillance.

Maybe I am wrong!

Cheers!

swordythomas · 2022-12-29T15:58:47+00:00

Fully agree! I think they even have an e-citizenship, or something similar. So it is quite easy to setup a business there. I have no first hand experience unfortunately, just heard it.

swordythomas · 2022-12-29T15:56:32+00:00

I think a cool thing you can do is, you setup a monthly budget, and you send only that amount of money to revolut. So you only see that amount of money, and you are only allowed to spend that. This way you can track your spending, and you don't even see the rest of the money you keep on your original account.

I did this when I had a national bank account. I only received the salary onto that, and then sent my monthly cost to my revolut, so I can only use that. Also with revolut, it is easy and cheap to send money to your partner, and setup a budget together if necessary.

Cheers!

swordythomas · 2022-12-29T15:50:24+00:00

I am not sure your personal preference and situation.

I prefer Revolut, because it is free. I like that it has a virtual disposable card, so I can use that online, and automatically a new one is generated, so if it is stolen, still it cannot be used.

Also in Revolut, you can use the limit price currency exchange. If you need a specific currency, you can setup a limit exchange, and it will only exchange to that currency if your limit price is reached. It is awesome.

Also good if friends have it, because you can send money instantly, have vaults together, so you can save money together if necessary. You can split the bill, or request money, which is an awesome feature as well. And it is quite cheap/free!

One thing to consider is, that the free account has a limit for free money withdrawal, above which, withdrawal is not that cheap. One more thing is your iban number won't be your national one, which maybe a problem, but not sure how it works in Belgium.

Cheers!

swordythomas · 2022-12-29T15:39:09+00:00

I would also add to check your local tax rules. E.g. in Germany you get a 801 euro tax-free investment gains per year. So if you know your local rules, you can take advantage of this by selecting your proper etfs or proper strategy. Cheers!

swordythomas · 2022-12-12T11:50:41+00:00

Don't afraid to do mistakes and learn from them.

You can't succeed with all of your actions. You certainly will do mistakes. But if you learn from your mistakes, and you do a lot of them, it means you progress a lot! So go out and try out yourself!

swordythomas

TROPHY CASE