So it has been mentioned that we should have a thread dedicated to personal investments in stocks, funds. ETF's, etc.
What are you investing in? Are you interested in investing but don't know where to start?
I think we have a lot of people here who are interested in this so I just wanted to get the ball rolling.
As for me, I have several investments in the U.S. It is all part of my retirement plan along with a rental property in Munich. I don't think that I can give a whole lot of advice but would like to hear from others.
Currently, I am buying shares of GE while it is going down. I have been invested in GE since 2002 and since it hasn't been doing well lately, I am trying to get my cost basis down a bit. I am confident that it will get back up to at least $50 in the not so distant future. I picked up another 100 shares yesterday at $16.93 and have another order to pick up another 100 at $15.20.
What are the rest of you doing now with the almost 9 year bull market. Taking some off the table? Still investing?
I am looking at dipping my toes into the world of stocks and have a question about taxes. U.S. citizen with long term residency in Germany and planning on staying for the forseeable future. I maintain a US based checking/brokerage account that is still registered at my family address back home. I would transfer post-tax EUR from my German account as USD to my US account using some exchange service like TW.
I expect this account to generate primarily short-term and also long term capital gains (hopefully!). How would these gains be taxed? As I understand, due to my residency status, the Finanzamt would have the first right to taxation on those gains. As such, those gains would be covered by the FEIE unless I break the 10x,xxx per year limit (unforseeable). Is this correct?
(Yes I know speaking with a tax German CPA would be my best chance at a clear answer, but I figure some of you might already deal with this).