Forum Replies Created
-
Posts
-
I didn't dare say it, but it's a learning process to detox from work and have the luxury of time! As strange as it may seem.
That's exactly it. Just as it took many months, if not years, to get used to the world of work, it also takes time to relearn how to live normally.
Hello and thank you for this testimony
Yes indeed, an additional independent activity not only allows you to diversify your income but also to avoid the AVS levy for people without gainful employment. This is very appreciable. I would also add that it is good for your head and your social side.
Regarding free passages: indeed heterogeneous offers, but also quite pitiful. Why not take advantage of your independent status to get out everything that's left? If you ever have 12 months to do so.
Well done, welcome to this new life. Sometimes the first few months are paradoxically a bit destabilizing, but you quickly get into your cruising speed, if I dare say 🙂
And then there are always those moments of pure delight that remind you of your old life. And there, it's always the opportunity to tell yourself that for nothing in the world would you want to go back 🙂
Well done !!!
A new escapee from salaried employment. Welcome to the club. Don't hesitate to tell us more: how you bowed out, what allowed you to get there, what do you plan to do from now on 🙂
Hi,
If you are likely to have to withdraw your money in the relatively short term, it is better to avoid investing it in assets. Even in gold. There is too much risk that you will lose. You can try, but it is a lottery.
Moreover, if, as I read, you don't have a precise idea of when you will need this money, then stick with cash. If, on the other hand, you know a minimum date before which you won't need it, you still have the option of making a term deposit with your bank (cash obligation). This will already make a little more interest than just with cash.
Yes, I understand, I've been there too. Paradoxically, when the difference is this big, it's fortunately, in most cases, nothing serious.
Keep us posted 😉
97%, maybe because there is a remainder that cannot be transferred to the new ETF, for example dividends (since the initial ETF is in hoarding and the new ETF is in distribution), which would correspond quite well to the yield (not far from 3%). Or, it is other assets that cannot yet be liquidated or transferred to the new ETF. Whatever the reason, we can imagine that this will be done in a second phase, in the form of cash. Then, the initial ETF would be completely dissolved.
I notice that COSW is not the only Lyxor ETF that is affected by this phenomenon. In the link I gave you above, the other ETFs have all experienced a decline of the order of this magnitude. So there is indeed a massive strategic reorganization of Lyxor ETFs towards Amundi.
Based on my experience, during previous buybacks or transfers of securities that I have known in the past, the new securities (or cash) arrive in the portfolio within 2-3 days. So normally, you should be back on your feet next week.
If necessary, contact Degiro, they are also there to inform you about this kind of situation. The best is to do it by phone, because by email, they are not very responsive… I sometimes had to wait several days to get an answer.
Amundi merges its Lyxor global sector ETFs with its ESG equivalent funds while reducing fees across the seven-member range.
The French asset manager said the mergers, which will see €484 million of assets under management transferred from the Luxembourg-domiciled Lyxor ETF range to Amundi's Irish-domiciled ETFs, will take place on June 28.
Source :
So you should receive Amundi ETFs instead
The inventory value is still at 397 euros:
If the ETF had fallen by 97%, that would mean that all underlying assets had fallen by the same amount, which is not the case.
Maybe it's related to a split. Did you receive any additional shares?
Ok, I understand better 🙂
You don't normally have the option to edit posts. You can send the new link in a future reply.
A++
Ah ok, I understand better, it comes directly from your software. Indeed not this problem on VStax.
So next question, why not go via VStax?
The additional US withholding tax made by a Swiss intermediary is used to create a pledge to encourage a correct declaration in Switzerland (15% at source can be < than the total tax). This withholding tax is fully recoverable via the declaration in all circumstances (like withholding tax). While the imputation is not fully recoverable in all cases (see the example in link 2, although it deals with a non-US case).
Still on VStax, the withholding tax, the additional USA withholding tax and the flat-rate imputation, as I have already mentioned on this topic, are treated identically and are deducted from the tax to be paid.
Hi,
Have you added the "net asset value" section since the 2018 tutorial?
Yes indeed, I modified the tutorial in this sense
a) After testing, this Net Assets section includes "Accumulated Interest" and "Accumulated Dividends" in the total (+ Cash and Shares, therefore). Accumulated Dividends corresponds, unless I am mistaken, to dividends awaiting payment (bad translation?).
yes these are the dividends waiting to be paid
b) Are the sections “Open Positions” and especially “Forex Balances” really necessary if at all?
I put them in the light of what is done for traditional tax statements
In the IBKR report customization, under "Section Configurations", the option "Hide details for positions, transactions and client fees sections?" = Yes, by default. Is this a new option that you leave on Yes, compared to the 2018 instructions, or are these details required by the tax authorities? (Or kept for security)
I leave it at no, for the same reasons as before.
My tax software, in the DA-1 form, asks me for additional information. In point 3. "Income on the basis of which the tax rate due for the tax year (2022) is determined according to the tax return:", there is a field for the IFD and for the ICC. I assume that this is the taxable income calculated by the software. But I don't quite understand why I should enter it myself here since I'm not supposed to know the figures at this stage... What about it? Can we leave it blank? (the software doesn't complain)
I don't have this on VStax. I have a section to fill in for deductions on cantonal and municipal tax (point 5) and point 6, for federal tax is grayed out ("established by the tax authority").
A++
Français 
English 
Italiano 
Deutsch 
Español 
Português