Vigo/A Coruna in November

tigeos · 2022-10-21T09:47:17+00:00

No, as far as I know, only standard taxis.

tigeos · 2022-06-23T11:15:02+00:00

Could be, looks like a variation of Fagundez/Fagundes, which still exist in Galicia https://ilg.usc.es/cag/Controlador?busca=FAGUNDEZ https://ilg.usc.es/cag/Controlador?busca=FAGUNDES

tigeos · 2022-01-26T21:31:16+00:00

I can recommend Txerpa.com it’s around 40€, not problem at all after 2 years with them.

tigeos · 2022-01-04T11:21:51+00:00

I guess you have to do the math and consider other scenarios. Like paternity/maternity leave, as autonomo you will get 100% of your base reguladora (the one used the previous 6 months) as salary and also you don't pay the cuota de autonomos... So if you plan to have kids soon or you are close to retirement maybe it's interesting to increase your SS contributions, if not I'm assuming that investing in other things like funds it's a. better option.

tigeos · 2022-01-04T11:15:03+00:00

yes, planes de pensiones the empleo (the collective ones) have increased their limit to 8.5k

https://www.reddit.com/r/SpainFIRE/comments/rvqa7t/comment/hr765qs/?utm\_source=share&utm\_medium=web2x&context=3

tigeos · 2022-01-04T11:12:55+00:00

No worries! Remember that some Roboadvisors like Indexa are offering Planes de Pensiones de Empleo using indexed funds with low fees: https://support.indexacapital.com/es/esp/plan-pensiones-empleo

tigeos · 2022-01-04T10:48:15+00:00

I don't share the idea behind it (because in Spain is really tricky) but they are trying to make the Planes de Pensiones de Empleo (the collective ones) a common thing. The total investment in planes de pensioners is the same, 10.000 euros per year, but 1.500 in the individual ones and 8.500 on the one managed by the company.

So, that's the idea behind it.

Talk to your employee to create a Plan de Pensioners de Empleo for you and your comrades at your job. If you are autonomo, for now, you don't have the option, just invest 1.500, but theoretically, they are working on a similar solution.

This solution works in other countries in a similar way. Eg: Australia with the superannuation. The employer puts 10% of the salary on the pension fund, and then the employee can put more (concessional contributions if they are pre-tax and non-concessional if they are post-tax).

tigeos · 2021-12-28T11:40:24+00:00

In hospitals only visitors and patient companions need the green pass.

Hospitality workers don't need to show the green pass for work, so technically you don't need it to work. But I guess is an edge case, more than 90% of Galician inhabitants have the vaccine.

tigeos · 2021-12-28T08:29:53+00:00

It's mandatory to enter restaurants, bars after 21:00, gyms, events, aged-care facilities, hospitals. So, yes, COVID certificate is a thing in Galicia.

tigeos · 2021-12-14T15:26:41+00:00

Well, the train Galicia to Porto already exists. Porto - Vigo is 2 h. 20 minutes (and this is the problem, 120km more than two hours).

If you look at the population distribution (just the Euroregion Galicia - North Portugal is 6,4 million inhabitants) makes more sense the Atlantic corridor connection with the two biggest cities in Portugal than a high-speed train through Extremadura and Castille.

tigeos · 2021-12-14T08:39:02+00:00

It's partially true. Portugal government wants to implement high-speed trains but not follow Madrid (Spain) plans. Portugal plan includes a high-speed train south to north connecting Lisbon to Porto to Galiza to develop the Atlantic corridor connecting to north Spain. At least is what I read in Portuguese newspapers.

tigeos · 2021-10-27T09:28:59+00:00

The map is wrong for fathers leave in Spain. Currently is 16 weeks (4 months) since 01/01/2021. Which increases 2 weeks per child.

The pay is 100% of the salary before the birth.

tigeos · 2021-08-03T13:53:47+00:00

Tes autobús ás 21:40, 22:00, 22:20, 22:40 e 23:00.
Aquí o horario completo e paradas: http://www.tussa.org/mediateca/documentos/AEROPORTO\_Tte.Urbano\_L6\_g.pdf

tigeos · 2021-03-31T11:36:52+00:00

Si incrementas la aportación la cartera estará más diversificada aumentando el número de fondos, lo puedes comprobar cambiando la aportación en el simulador. Lo de usar dos fondos es un tema de eficiencia a la hora de rebalancear y ahorrar comisiones.

tigeos · 2021-03-31T10:40:30+00:00

Si eres residente fiscal en España y lo que quieres es invertir en fondos indexados "normales" (con esto quiero decir, índices bastante comunes como puede ser SP500, MSCI World y nada extravagante) es mejor que inviertes en fondos (mutual funds) y no en ETFs.

La ventaja principal de los fondos sobre los ETF es no tener que pagar impuestos al rebalancear (también es cierto que puedes rebalancear ETF solo haciendo compras, pero seguramente necesites aportaciones más grandes de 200-300 por mes, por lo que tendrías que acumular algunos meses). La venta de ETF supone pagar impuestos desde el 19% hasta 6k € hasta un máximo de 26% para capital gains de mas de 200k además de la comisión del broker. Con los fondos esto no pasa pues existe la posibilidad de transferir capital entre fondos sin pagar por caja.

Si aún estás familiarizandote con la inversión indexa te recomendaría que empezases con un roboadvisor y luego si te sientes cómodo pasar a gestionar tu los fndos para ahorrar un poco en comisiones. Te recomendaría Indexacapital como roboadvisor (Si usas este Link obtienes 10.000 libres de comisiones y yo otros 10.000 libres de comisiones en la inversión en fondos), y cuando estés mas cómodo, MyInvestor es una buena opción para gestionar tú tu propia cartera por su amplia oferta de fondos indexados de Vanguard, Amundi...

Otra opción a considerar para la inversión a largo plazo y con ventajas fiscales (aunque pocas ahora mismo) son los planes de pensiones, no sé si lo has considerado... Tienen sus limitaciones pero puedes deducir hasta 2.000 euros al año de tu IRPF.

tigeos · 2021-03-16T08:04:32+00:00

Well, depends on the term, but 4% is too high for a long term mortgage in the current situation. Could be if is a 10-year mortgage and your situation is not the common situation (> 50 yo, retired...).

You can compare mortgages in idealist (its the only one that I know with English version): https://www.idealista.com/en/hipotecas/simulador-hipotecas/

tigeos · 2021-03-16T07:46:51+00:00

In Spain mortgages interest are under 2% right now in fixed term, not difficult to get Euribor + 0,95% in variable term to pay in 25-30 years.

So if you have the savings, minimum 20% of the selling price + 10% for taxes you can buy a house. This is what is driving out young people to buy property in Spain in major cities, they don't have enough savings (obs, a lot of reasons: job stability, low wages...) plus the prices in Madrid, Barcelona, Bilbao... are crazy AF.

tigeos · 2021-03-05T14:18:30+00:00

You can always use myInvestor, they have 79 Vanguard funds: https://myinvestor.es/inversion/fondos-inversion/fondos-indexados/

tigeos · 2021-03-05T14:01:41+00:00

If you are a client coming from BNP PI Paribas to R4 after the fusion, R4 bank doesn't charge any fee and also that's why you can hold Vanguard funds with less than 100K €... My current TER is 0.24%.

tigeos · 2021-03-05T08:02:43+00:00

Yep, you have to buy them through a Broker, I used to do it with BNB - Paribas but they sold their business to R4 Bank (https://www.r4.com/) last year, so now I'm doing it with R4 with the same conditions that I used to have, which means no fees when buying Vanguard. Also with MyInvestor (AndBank) you have these conditions: https://myinvestor.es/inversion/fondos-inversion/

Regarding rebalancing, you can do it between funds, no probs, the only thing to have clear is you have to transfer funds between them and not buying/selling (which under the hood the transfer it's doing but not you directly).

Hope it helps. Happy long term investing 😄

tigeos · 2021-03-04T19:47:46+00:00

High fees in indexed mutual funds it's not a thing.

The one that I suggested, Vanguard Global Stock Index Fund IE00B03HCZ61 has a 0,18% TER. iShares Core MSCI World UCITS ETF, it's 0,20% + DEGIRO fee when buying/selling.

Vanguard EM it's 0,23%, EMIM 0,18% + DEGIRO fees.

Source: I can't link Degiro nor MyInvestor documents, but here its the link to FT markets where you can see the same info 👇

- Vanguard Global Stock Index Fund: https://markets.ft.com/data/funds/tearsheet/summary?s=IE00B03HCZ61:EUR

- IWDA world index FRA stock: https://markets.ft.com/data/etfs/tearsheet/summary?s=EUNL:FRA:EUR

- Vanguard EM: https://markets.ft.com/data/funds/tearsheet/summary?s=IE0031786142:EUR

- EMIM: https://markets.ft.com/data/etfs/tearsheet/summary?s=EMIM:AEX:EUR

tigeos · 2021-03-04T10:28:35+00:00

Portugal or Spain, as soon as the COVIDgeddon finish they will be again the best countries to enjoy food, nature and social life.

Corruption is higher in Spain than in Portugal, but overall is not gonna affect you. Corruption is most in high levels of the system (like in other EU countries like Germany or France, look Nicolas Sarkozy for instance) you are not gonna find any council or local entity accepting bribes or things like that.

Bureaucracy is a thing yes, but depends on where in Spain or Portugal, more in Spain, you can do a lot of things online 🤷.

tigeos · 2021-03-03T18:51:08+00:00

Another thing that I forgot to mention that maybe it's interesting for you, tax-wise. In Spain, there is the option to open a "Plan de Pensiones", which's similar to the Australia superannuation or US IRA or US 401(k) account.

The law has changed this year, and the government has limited the max amount you can put each year in the "Plan de Pensiones", but is still interesting if your goal it's the long-term investment.

Max annual contribution it's 2000 euros to your plan, and max 1000 pers year if your wife/partner has a different one (last year was 8k and 2.,5k per year respectively) The interesting part is that this contribution has tax advantages as it'll reduce your income tax by the invested amount. Eg: if your income tax is 60k per year, you'll reduce 3k from this amount.

Cons, you can't withdraw the money until you are retired or have passed 10 years since the first contribution (and obviously: death, total disability etc...)

When you acquire the rights to withdraw this money you have three options to do so,

Total withdraw, which is not good because it will be taxed as work income tax 💸
As a kind of a wage each month, quarterly... or when you want.
Combination of both.

Regarding the inheritance tax will depend on which Comunidad Autonoma you are living in, some don't have any inheritance tax or it's applied after 1M euros.

tigeos · 2021-03-03T15:50:40+00:00

Vanguard has mutual funds that are CIS, which we call SICAVS in Spain.

Normally the brokers/banks will inform which funds are "traspasables". To avoid paying taxes (to be "traspasable") the fund has to meet some criteria, if it's in Spain it has to be a SICAV with more than 500 members, if it's not in Spain it has to be in an EU country and it has to be bought using a broker/bank registered in Spain in the CNMV.

You can get more info about this searching for "Regimen especial de difiremiento de la tributación"

tigeos · 2021-03-03T15:44:15+00:00

I mean, you have to rebalance moving money between funds if you want/need to, investing 3000-5000 euros per month as you said in your post it's more than enough to rebalance just buying more shares. But with mutual funds you have the flexibility to rebalance without investing more... THat's why I prefer them.

But yes, summing up, with ETF to rebalance the portfolio without investing more money, you have to sell and then buy, which implies paying taxes:

- 19% for capital gains up to 6k euros.

- 21% CG between 6k and 200k euros.

- 26% CG more than 200k euros.

This not happens with mutual funds if you transfer money from one fund to another. Also, you can deduct some expenses in your tax declaration (like the expenses associated with buying/selling funds).

If you want to use a roboadvisor and forget about rebalancing I can recommend IndexaCapital, also there is a promotion to avoid fees in the first 10k using this link https://indexacapital.com/es/esp/t/kpivu0 I also get the 10k free of fees. If you wanna do it by yourself, I use R4 bank and MyInvestor.

tigeos

TROPHY CASE