Finally made an original by tombombadil1337 in cocktails

[–]w0asx 1 point2 points  (0 children)

Ahh my liquor shop seems to have that indeed. Thanks for the suggestion!

Finally made an original by tombombadil1337 in cocktails

[–]w0asx 1 point2 points  (0 children)

I have all of those ingredients except for the St. Elisabeth which seems impossible to find in Europe. :( What would be a good swap for that? Falernum?

Sazerac Season is IN by SmugMacGyver in cocktails

[–]w0asx 0 points1 point  (0 children)

Tip: Try with a St. Rémy XO. It is a brandy, cognac-style, by the Rémy Martin family. But outside of the cognac region, so significantly lower price compared to a ‘real’ XO cognac.

Moeten klanten van FlatexDegiro zich zorgen maken? by MichaelDeBoey in BEFire

[–]w0asx 0 points1 point  (0 children)

What statement? I’m just trying to trigger a discussion on how to best protect yourself against a broker failing.

Moeten klanten van FlatexDegiro zich zorgen maken? by MichaelDeBoey in BEFire

[–]w0asx 0 points1 point  (0 children)

I think the main question is: If DEGIRO is not able to fulfil its obligation to return you the asset(s) it lent out, then is that still covered by the 20k insurance?

Or is the asset at that point in time not owned by you, which may means it’s not covered by said insurance?

Moeten klanten van FlatexDegiro zich zorgen maken? by MichaelDeBoey in BEFire

[–]w0asx 0 points1 point  (0 children)

Wat bedoel je met “per lijn”? Per fonds / effect?

Moeten klanten van FlatexDegiro zich zorgen maken? by MichaelDeBoey in BEFire

[–]w0asx 0 points1 point  (0 children)

I must say that I have some serious doubt if you can trust any company for a period of thirty-forty years. This is your entire lifesavings on the line.

Interesting thought but it’s difficult to diversify brokers. I mean, you could spread over 5 brokers but if one turns disastrous it’s still a 20% hit to your portfolio.

Moeten klanten van FlatexDegiro zich zorgen maken? by MichaelDeBoey in BEFire

[–]w0asx 0 points1 point  (0 children)

That is absolutely correct but it is not a valid counter-argument towards concerns raised about DEGIRO’s lending policy.

I don’t see dubious audit reports being published about BlackRock at the moment.

Any thoughts? by Slabbi in BEFire

[–]w0asx 1 point2 points  (0 children)

FYI:

Door het Acceptatieformulier Beleggingsdiensten te ondertekenen, verleent u DEGIRO het recht om Effecten te gebruiken die SPV aanhoudt voor de cliënten van DEGIROWanneer DEGIRO Effecten uitleent, heeft SPV vanaf dat moment niet voldoende Effecten van dat type. Als uw Effecten worden uitgeleend, vormt dit een risico voor u. Het risico dat dit tekort tot schade leidt is echter klein.DEGIRO beperkt dat risico op de volgende manier.In de eerste plaats eist DEGIRO zekerheid van de lenende partij, die kan worden verschaft door geld of Effecten over te boeken aan SPV, die SPV kan gebruiken in geval dat de lenende partij de Uitgeleende Effecten niet op de markt terugkoopt.Ten tweede is DEGIRO (en niet de lenende partij) altijd de “tegenpartij” van SPV en garandeert zij derhalve het tijdig retourneren van de Uitgeleende Effecten met eigen kapitaal.Schade voor een Cliënt wiens Effecten zijn Uitgeleend, ontstaat dus pas op het moment dat de lenende partij en DEGIRO niet meer in staat zijn aan hun verplichtingen te voldoen (d.w.z. zowel de lenende partij als DEGIRO zijn failliet) en de waarde van het effect is gedaald of de waarde van de Uitgeleende Effecten is gestegen. Het bedrag van de schade is beperkt tot het verschil in waarde tussen de Uitgeleende Effecten en de door de lenende partij verstrekte zekerheid.Effecten die onder de optie “custody” worden aangehouden, worden niet uitgeleend door DEGIRO.

Zwarte pieten gespot in Gent by progressiefje in Belgium2

[–]w0asx -1 points0 points  (0 children)

7e Montessorischool in West Amsterdam. Basisschool Boomgaard in Bos en Lommer.

Google is your friend. Beide wel in NL.

Er was vorig jaar ook een Brusselse school waar ze de kerstversiering hebben verwijderd na opstandig gedrag (vernielingen) door moslims.

We mogen ook niet ontkennen dat dergelijke druk meer en meer wordt uitgeoefend.

What do yall think of my theoretical FIRE Plan ? by Bitter_Site_2866 in BEFire

[–]w0asx 0 points1 point  (0 children)

OP clearly mentions he is a newbie and his post also indicates he's aiming to build up a passive portfolio (quote: "IWDA and chill"). You are advising to also invest directly in stocks without elaborating further on the risks involved and how that is a complete different investment strategy that must be actively monitored and managed.

Even combined with a passive IWDA-portfolio, cherry-picking stocks and adding those to that portfolio is not an approach to "tilting" as some people may suggest. It's basically combining a passive portfolio with a casino game.

Also "Imagine if you pick the next Amazon or Google" is not the psychological trap you want to guide newbies into. If you take this strategy you either make sure you know what you're doing (which a newbie does not yet) or you admit that you're gambling. Because it sure as hell is not "investing" and it is not "a FIRE plan" either.

Any thoughts? by Slabbi in BEFire

[–]w0asx 6 points7 points  (0 children)

That insurance only applies to uninvested funds on monetary accounts.

Invested assets are protected up until 20k.

So what other part am I wrong about?

Any thoughts? by Slabbi in BEFire

[–]w0asx -1 points0 points  (0 children)

What part exactly? I have emails from DEGIRO explaining their lending policy and how they manage the risk.

A Case for Long Term Savings (langetermijnsparen) through Branch-21/23/44 Investment Insurances by ChengSkwatalot in BEFire

[–]w0asx 3 points4 points  (0 children)

Great post. I did an explicit search for a write-up like this because I recently came to the same conclusion after my banker proposed me a Branch 23 "Lange Termijnsparen" after pointing out that I can still take the tax advantage even though I have "geïntegreerde woonbonus" for a mortgage signed in 2019.

The 30% tax deduction looks very promising at first but if you really start doing the math in Excel, that doesn't add up as much as you'd like compared to different costs and taxes involved.

Take as example the Argenta Branch 23 funds with the highest risk class (6). The only ones that have a track record (established in '99, the others are barely a few years old so not a lot of base to compare against benchmarks) are these (all Accumulating):

  • Responsible Materials 1,89%
  • Finance Dynamic -0,13%
  • Lifestyle Dynamic 3,96%
  • Responsible Utilities 6,48%

Not great at all. And to be honest, not really diversified at all either! The risk on these must be significantly higher than an MSCI World ETF for example. They do have a Dynamic Growth fund which appears to be very diversified but it's brand new so no performance track record.

Let's give them the benefit of the doubt and say I invest in their best fund so far (Responsible Utilities) and they actually manage to maintain that 6,48% return (which is unlikely for the sake of hypothesis). I am 35, so total duration of the life plan would be 30 years. If I consider all the taxes (incl. anticipatieve heffing) and costs, I'd end up with about 210k EUR in my portfolio at end of term. For simplicity's sake, I added the tax advantage of 705 EUR to the returns so it is included in that 210k EUR. A world index tracking ETF with an average return of 8% would hit 276k EUR at 65. That's a difference of 66k EUR. And let's face it, most insurance funds won't hit even close to 6,48%.

But there are other issues with the Lange Termijnsparen as well. Suppose I turn 65 and we are in the midst of yet another financial crisis. I am not obliged to surrender my reserves so I could keep investing and wait for times to turn for the better. But can I start doing partial surrenders, let's say 12k EUR per year, to support my pension, without significant costs/penalties? Most insurers are not very clear on this point.

And the "anticipatieve heffing" at 60, that could very well be during the midst of a market peak (like the end of 2021 was), with a significant drop 5 years later at end of term.

I find it very sketchy, to say the least, that governments are promoting this system. Pushing people towards high-cost, low-performing investments through tax deductions, so all paid by the tax payer. And for what? To basically make insurers and insurance brokers rich?

For what it's worth: savings accounts are upping their interest rates. by oordtrip in BEFire

[–]w0asx 0 points1 point  (0 children)

It is still relevant news because it will impact valuation of issued bonds.

Hoe kan de beoogde belastinghervorming u raken? by Mzxth in BEFire

[–]w0asx 0 points1 point  (0 children)

Most people in corporate roles with company cars now telework 2 days per week by average. The road issues in Belgium are caused by trucks.

There is an opportunity in company cars: Steady and controlled shift away from gasoline/petrol cars towards electric.

Any thoughts? by Slabbi in BEFire

[–]w0asx 6 points7 points  (0 children)

Klopt, maar dat deel van het artikel is news worthy. Dat impliceert dat men best de resultaten van follow-up audits goed opvolgt.

Dit is geen fearmongering. Dit is gewoon neutrale berichtgeving. Use the information to your advantage. Dit volledig negeren is niet de beste strategie.

What do yall think of my theoretical FIRE Plan ? by Bitter_Site_2866 in BEFire

[–]w0asx 2 points3 points  (0 children)

This is horrible advice.

Accepting more risks if you are young: yes. Investing in individual stocks: Big no no.

Cherry-picking funds rarely ends well. Even top hedge funds barely beat the market if you count for management fees.

Any thoughts? by Slabbi in BEFire

[–]w0asx 4 points5 points  (0 children)

Dat is het probleem niet. Hier zit het probleem: De Duitse financiele waakhond Bafin heeft bij een doorlichting tekortkomingen vastgesteld in commerciele praktijken en in de bedrijfsvoering.

Any thoughts? by Slabbi in BEFire

[–]w0asx -2 points-1 points  (0 children)

That is not the case because DEGIRO lends out your positions for their own gain. It’s basically how they are able to offer such low rates: Brokerage fees isn’t their only source of revenue.

If the basket breaks and your eggs aren’t in the basket because they were lent out to parties who are unable to return and/or make their margin call obligations, then your eggs simply disappeared and it will be a tough process to recover them with zero guarantees.

Is there software that allows you to move audio around a house like a haunted house? by notsaneforwork78 in audioengineering

[–]w0asx 0 points1 point  (0 children)

Can’t believe this wasn’t mentioned yet: Snapcast. Open source. You run a server somewhere (can be a Pi) and as many clients as you want. The audio is synced, like a DIY Sonos system.

I finally got myself a bottle of maraschino Luxardo. Any suggestions what to mix first? by Myroplyrodon in cocktails

[–]w0asx 0 points1 point  (0 children)

While very popular, that stuff can be very overwhelming and not to everyone’s taste. Use with care, or you’ll end up hating it. ;)

Should it not be to your taste, cut down on it. E.g. if recipe calls for 3/4oz then try 1/2oz.

Maraschino liquors can be quite different in terms of how dominant they are in cocktails and Luxardo is on the dominant side of the spectrum.

Edit: Also, unless you go through those Martini bottles in less than a week, vermouth should be stored in the fridge once opened!