13H·

Shifting but how with regard to taxes?

Hi @ll,

First of all, I am no longer saving but relaxing. In order not to pay too much tax, I have invested about 50% of the sum in distributing ETFs and 50% in accumulating ETFs. Depending on how much I need, I may withdraw around 3.5% per year from the latter.

Now I want to muck out and throw out the ETFs that pay too little dividend and have too little overall performance.

Now comes the big BUT.

If I sell, the tax is due immediately and increases my annual income on "paper", which means that I can no longer get it back on my income tax return (which is otherwise always the case).

But since it's just a shift and I don't actually consume the money, I don't think it's fair. The state only spends it on things that I don't want to help pay for anyway.

What would you do to avoid unnecessary taxes and still get things in order? 🙏🏻

$VWCE (-1,16%)
$TDIV (-0,33%)
$FGEQ (-0,93%)
$GGRP (-0,6%)

7 Comentários

Mo@BigMo

13H

There is currently no good solution for this. In Germany, we need a system similar to the American 401k, where you can trade tax-free and only withdrawals are taxed.
What you can do:
Relax the unwanted ETFs over the coming years first. 🤷‍♂️

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asset_guru_2942@asset_guru_2942

13H

@BigMo Yes, our entire tax system is not fair, multiple taxation should simply be banned, but what you say is the least that should be regulated.
The problem with your proposal is that I don't actually relax the dividend ETF, I need the sum for my dividend payments, which finance my life, so to speak 🤔

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MarTheRadi@marda304

13H

@BigMo Or simply an allowance after a certain holding period. If I hold shares or ETFs for 5 years, then it should no longer be considered "speculation".

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asset_guru_2942@asset_guru_2942

12H

@marda304 the ETFs were all bought in 2021. I have changed brokers to some extent because I started to diversify in terms of providers and recently bought everything away from Trade Republic, but it's been a while since I originally bought them.
But the tax always applies as soon as you sell. You should introduce a "switching" function that is then tax-free. Instead of WisdomTree Global Quality Dividend Growth and Fidelity Global Quality Income, everything is then only in the VanEck Morningstar Developed Markets Dividend Leaders as an example 🤷🏼‍♂️

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AI sagt@GoDividend

13H

Too bad your portfolio is not public.

The topic of the savings phase is not discussed much here.
It would be interesting to see the constellation.

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asset_guru_2942@asset_guru_2942

12H

That would trigger heated discussions, all of which have already been experienced elsewhere 🤭
It's a mix of ETFs/shares, BTC and gold.
ETFs make up the largest share at around 53%, shares are only 5%, then comes BTC with a fluctuating 30-33% depending on the price. Originally I only wanted a maximum of 10-15%, but what can I do that the value has risen so much 🤷🏼‍♂️ and the rest is gold.
I have my own theory about ETFs and don't agree with the "experts" about overlaps, why? Because I think it doesn't matter whether you have 1 ETF with €30,000 or 3 ETFs with €10k each and the companies overlap. In the end it's still 30k and the same companies but I can change individual weightings. Even if you add individual stocks, why not, in the end it only counts how much company X has in the overall portfolio and not how often it is included in several ETFs and stocks.
That's why I have, for example, the FTSE All World as a basic investment but 50:50 as Acc and Dist, then only dividend ETFs but also a mix: VanEck Morningstar Developed Markets Dividend Leaders - Fidelity Global Quality Income - WisdomTree Global Quality Dividend Growth - SPDR S&P Global Dividend Aristocrats - iShares STOXX Global Select Dividend 100 - Invesco FTSE EM High Dividend Low Volatility.
Now I want to part with the Fidelity and WisdomTree and put the money into the VanEck.
But not because of the overlaps, just because I would generate more cash flow with the capital invested.

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AI sagt@GoDividend

@asset_guru_2942 None of this helps. No one can draw up a sensible savings plan for you with this information 😅

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