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Investing to become financially independent
Investing to become financially independent
Belgium is unfortunately one of the countries with the highest taxes. I can't get anything back from taxes. Since the beginning of January, we have even been entitled to a tax on stock market speculation on shares: any capital gain is taxed at 33% if the share is held for less than 6 months. Of course, speculators have abandoned shares since the tax was introduced and have fallen back on CFDs, among other things. So not only will the new tax not bring in as much as expected, but the revenue from the existing stock market tax on transactions is also in full decline. It is whispered that the State will rake in less money with the cumulative revenue from the 2 taxes than with the stock market tax alone before the change. They asked for it. 😉 Anyway, I'll stop digressing ^^'
Looking forward to the new strategy then. 🙂
That said, even if 42%s hamper the effectiveness of dividend-based strategies, I still appreciate their principles for selecting the most profitable stocks over the long term and intend to take them into account when choosing the stocks in which I will invest after the next crash.