Fiddling about with stocks, funds, etc. No conspiracy theories, please.

771 posts in this topic

All I can tell you is that Himself gets 25% tax on profits automatically taken out when he sells any of his investments.

 

Someone else will come along with more info.

0

Share this post


Link to post
Share on other sites
5 minutes ago, fraufruit said:

All I can tell you is that Himself gets 25% tax on profits automatically taken out when he sells any of his investments.

 

Someone else will come along with more info.

not sure I understand what you mean... :o

0

Share this post


Link to post
Share on other sites

The tax is taken out when he sells so he doesn't have to report the sale when he does his taxes at the end of the year to the best of my knowledge.

0

Share this post


Link to post
Share on other sites

ok but why does ING says that he takes taxes out automatically at the end of the year if I don't sell?

0

Share this post


Link to post
Share on other sites

This is for dividends that are earned during the year.

 

What they do is called Quellensteuer - they take the tax from the source automatically. Nothing to claim at the end of the year.

0

Share this post


Link to post
Share on other sites

If your personal income tax rate for the year is less than the 25% (+ Soli) deducted, you pay the lower rate, and can therefore claim the difference.

0

Share this post


Link to post
Share on other sites

So how is it going? Im down 13% in the last couple days, and not because I bought a Tesla :ph34r:

 

The last time I saw something like this was 12 years ago and it made my wife cry a bit. Are you making adjustments to your investment plans? I don’t think I’m touching my money reserves until the market drop approaches 30% or so, but I’m increasing our fixed monthly investments a bit. Turning the screws on our savings rate so to say. And looking out for deals.

0

Share this post


Link to post
Share on other sites
Just now, MikeMelga said:

Time to buy. Just holding until we reach the bottom. Should be somewhere within 2 weeks. 


Agreed. 

0

Share this post


Link to post
Share on other sites
1 minute ago, MikeMelga said:

Will probablt buy iShares ETF.


I’m buying vanguard FTSE world on Monday as per savings plan, the big question is when/if to deploy the cash reserves. My wife is as always only mildly  receptive to that 🤨 But if the crash is big enough that you can see the bottom she’ll be ok with it.

1

Share this post


Link to post
Share on other sites
41 minutes ago, MikeMelga said:

Time to buy. Just holding until we reach the bottom. Should be somewhere within 2 weeks. 

You don't know when the government will step in and start printing cash.

0

Share this post


Link to post
Share on other sites

I'm not buying since I'm living from my "cash reserves". I'm looking at it this way - my cash is earning what I'm losing with my invested money. :rolleyes:

 

Will hang in as I've always done and it has always gotten back up and more.

 

I could've bought a Tesla with what I've lost this week.

 

Still, I wish the Democrats and the fake news hadn't raised the alarms that caused this drop. :P

 

ETA - Just had a look. Down another 2% for me today. I'm not looking any more.

1

Share this post


Link to post
Share on other sites

Seems calmer now... let's see on Monday, but I think we are close to the sell off. @fraufruit, don't worry, just stay calm, don't look unless you want to buy and this will return to normal in a few weeks/months. 

At the moment I am long on all my positions, so I am not selling.

1

Share this post


Link to post
Share on other sites

I know. I bought my first stock 6 months before the big crash in 1987 as a 16-year-old. 22,6% drop on a single day (biggest loss in Wallstreet history).

 

Triple ouch. I needed signatures from my parents to buy them. I think it took 2-3 years to break-even.

2

Share this post


Link to post
Share on other sites
9 hours ago, LukeSkywalker said:

I think it took 2-3 years to break-even.

Usually it doesn´t take that long:

 

Crisis events since 1929
DJIA percentage change after crisis
Event Reaction dates Gain/loss* 1 mo. 3 mos. 6 mos. 12 mos.
Market Crash of 1929 10/11/1929–11/13/1929 -43.7 27.3 34.1 46.0 11.8
Germany invades France 05/09/1940–06/22/1940 -17.1 -0.5 8.4 7.0 -5.2
Pearl Harbor 12/06/1941–12/10/1941 -6.5 3.8 -2.9 -9.6 5.4
Korean War 06/23/1950–07/13/1950 -12.0 9.1 15.3 19.2 26.3
JFK assassinated 11/21/1963–11/22/1963 -2.9 7.2 12.4 15.1 24.0
U.S. bombs Cambodia 04/29/1970–05/14/1970 -7.1 0.4 3.8 13.5 36.7
Nixon resigns 08/07/1974–08/29/1974 -17.6 -7.9 -5.7 12.5 27.2
U.S.S.R. invades Afghanistan 12/24/1979–01/03/1980 -2.2 6.7 -4.0 6.8 21.0
Financial Panic 1987 10/02/1987–10/19/1987 -34.2 11.5 11.4 15.0 24.2
Iraq invades Kuwait 08/02/1990–08/23/1990 -13.3 0.1 2.3 16.3 22.4
Asian stock market crisis 10/07/1997–10/27/1997 -12.4 8.8 10.5 25.0 16.9
WTC and Pentagon terrorist attacks 09/10/2001–09/21/2001 -14.3 13.4 21.2 24.8 -6.7
Madrid terrorist attacks 03/10/2004–03/24/2004 -2.4 3.9 3.9 -0.1 4.4
India, Israel and Lebanon bombings 07/11/2006–07/18/2006 -3.0 5.0 10.9 16.4 28.3
Lehman Brothers collapse 09/15/2008–09/16/2008 1.3 -18.8 -22.6 -32.3 -11.5
Israel invades Gaza 12/27/2008–01/21/2009 -3.0 -13.5 -4.2 7.9 23.6
Boston Marathon bombing 04/12/2013–04/15/2013 -1.8 4.6 6.1 4.4 11.4
Chinese market turmoil 08/21/2015–08/25/2015 -4.8 4.1 13.6 6.6 17.8
U.K. votes to leave E.U. 06/23/2016–06/27/2016 -4.8 7.7 5.6 N/A N/A
Average -10.6 3.8 6.3 10.8 15.4

 

Source: Morgan Stanley

 

0

Share this post


Link to post
Share on other sites

For those prone to panic:

 

-8% = one of the 15 worst days in the history of the stock market/S&P 500.
-9% = one of the 7 worst days in the history of the stock market/S&P 500
-10%= one of the 4 worst days in the history of the stock market/S&P 500
-13%* = one of the 2 worst days in the history of the stock market/S&P 500
-20%** = still only one of the 2 worst days in the history of the stock market/S&P 500

 

Hang in there, relax, drink a glass of wine and think about how much of a bargain everything is becoming.

 

0

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!


Register a new account

Sign in

Already have an account? Sign in here.


Sign In Now