Off-Topic / Stock Market and Trading Talk [1011]


That time-frame wouldn't be a problem, but I really don't want more GBP exposure. I'll have the full 35 years of UK NI, so full UK BSP. At least the same number of years in ZUS, along with IKZE, PPK and PPO all giving PLN income. And then CHF from AHV and BV, but I won't max out the years there. Plus the portfolio (which certainly won't be in GBP).

Off-Topic / Stock Market and Trading Talk [1011]


Do they price units in GBP only? I've shifted everything apart from the UK NI payments to other currencies. Am planning to have UK BSP making up 25% to 30% of income, so don't want to have any further GBP exposure, just in case the pound tanks yet again.

Off-Topic / Stock Market and Trading Talk [1011]


Not quite the same thing. Unit trusts are priced once a day, but ETFs have real-time pricing.


They're better than OK. Only utter morons who think they know better than specialised experts try to pick specific stocks. But ETFs can be more risky when you start looking at the ones that focus on specific industries etc. Personally I just look to track the broad market.


I assume you mean she had some units in those trusts, rather than owning entire funds as Mystic Jimmy claims to. I mean, I knew your parents have a quid or three but I didn't realise you were one of the Rockefellers!

Off-Topic / Stock Market and Trading Talk [1011]


Good to see that even the thickest of financial illiterates has finally managed to get his head round the fact that one does not buy an exchange-traded fund. In fact, he's understood it so well, he now claims to have shares in some of the best performing funds!

But that does beg a few questions. For example, why was he trying to boast about getting 1% growth on certain shares over five days when the ETF he's now discovered got 3.3% in that same time? Anybody who understands opportunity cost would know that 1% growth when one could have got 3.3% is a loss. They'd be upset with themselves for trying to play expert and so missing out on a return three times as much if they'd just left their money in the hands of experts.

But, of course, when somebody only fantasy money they can put as much as they want in the 1% growth opportunity and as much as they want in the 3.3% growth opportunity and still argue that they won, because they made as much money as they wanted to! Pity that all of that added together still isn't enough to buy a bag of nails.

Off-Topic / Stock Market and Trading Talk [1011]


It really is uncanny, a fund even being mentioned by the Mystic Genius causes the price of units in it to drop immediately!

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Off-Topic / Stock Market and Trading Talk [1011]


One more time in case the financially illiterate are also actually totally illiterate:
ETF stands for exchange-trade fund. One does not buy the entire fund. One buys units in a fund (or funds).

Unless you're trading in fantasy billions, then you can buy as many funds as you want (but not the roofing nails you actually need, because the store wants real coins and dollar bills for those).

Off-Topic / Stock Market and Trading Talk [1011]


I should probably make something clear, just in case anybody is even half as financially illiterate as Mystic Jim: you do not purchase an ETF (excuse the dyslexia above), you purchase units in that fund.

Well, I suppose the superstar market gurus who have a different Lear jet for each day of the week might have their own ETFs.

Off-Topic / Stock Market and Trading Talk [1011]


Just in case anybody else is as financially illiterate as the Mystic Genius who boasted about getting return 50% below what the market offered:
an EFT is a type of tracker fund;
a tracker fund is a passive investment fund that aims to track a benchmark or market index (them being passive makes them cheaper to run than active funds, which try to pick the winners when it comes to share price movement); and
a market index measures how a stock market performs (some tracker funds track a market index or multiple market indices).

And a complete idiot who claims to be a financial guru despite knowing none of the above and not even being able to convert between two currencies is? That's right, it's our very own Mystic Jimmy!

Off-Topic / Stock Market and Trading Talk [1011]


Mystic Jim is so financially illiterate he doesn't even know the difference between a tracker fund and an EFT and a market index! What a f*cking retard!

Next thing he'll be boasting about the superb trades he's been pulling off on the ForEx market, when we've all seen that in reality he can't even convert CHF 100 into the correct number of US dollars! Hoot!

Off-Topic / Stock Market and Trading Talk [1011]


But how can one person be so stupid as to pretend for years to 'play the market' and still be so utterly ignorant of it that he tries to celebrate and boast about getting sub-market returns? It's beyond baffling. He gets a return of 1.5% when the market goes up by 3.5% and then he tries to paint that as winning!


If I ever do get round to shorting a stock on the basis that Mystic Jimmy has tipped it, I'll be taking 10% of the gain and using it to buy a few packs of these and have them delivered to his address:
amazon.com/Hillman-Group-42041-Galvanized-100-Pack/dp/B00PHHM4B4/

Off-Topic / Stock Market and Trading Talk [1011]


Anybody can boast about vastly under-performing. But only Mystic Jimmy is dumb enough to actually come here do it! He thinks it's a success to have made 300 fantasy dollars when if he'd just let actual experts invest his fantasy money, he'd have made more than $600! Hoot!

Off-Topic / Stock Market and Trading Talk [1011]


Now at 45.21 and +0.41 (0.92%) over past 5 days

Now 118.49 USD and +2.95 (2.55%) over past 5 days

But
S&P 500 is 5,561.52 and +184.54 (3.43%) over past 5 days
and
Dow Jones Industrial Average is 40,783.35 and +1,338.08 (3.39%) over past 5 days
and
NYSE Composite is 18,804.01 and +597.62 (3.28%) over past 5 days

So the mystic genius comes here to boast about his ability to produce returns that are an average of less than half what one can make by simply tracking the market indices! LOL! No wonder he can't convert between currencies, he thinks he's a genius for getting growth less than half of what one can make by not claiming to be an expert and letting actual experts invest one's money.

But I suppose that's something only those who actually have any money are aware of. Hoot!

Real Estate / Build a house Wrocław area [18]

That's an excellent conclusion to draw. Remember that free advice is often worth every penny you paid for it.

Real Estate / Build a house Wrocław area [18]


No. Otherwise every small business in Poland would officially be an Irish company and pay CIT only there. You do get full credit for tax paid in the UK, but you have to prove to the Polish tax office you owe nothing to them, which means monthly filing with them.


Use the search and look for the topics that interest you.

But you honestly really do need professional tax advice. Somebody was asking for recommendations there a week or so ago, should show up easily with a search.

Real Estate / Build a house Wrocław area [18]

That doesn't matter. You own and control the company. When you're a PL tax resident, the Polish tax office will class the company as a controlled foreign company (a CFC). CFCs here have tax liabilities here. You'll be required to keep PL tax records and submit those to the tax office here monthly.

Real Estate / Build a house Wrocław area [18]

To run a UK company in Poland you need a work permit (unless you can demonstrate that no work is done in PL). But a UK company run by a PL tax resident will be a foreign-controlled company and so need to file monthly tax returns in Poland (and pay taxes owed). So you'll need to keep two sets of books, at more than double the cost of a PL company.

I'd really suggest joining that Facebook group, many people there have moved to Poland and do run companies here (some also run UK companies). This forum currently has exactly two regular posters who have ever run any company in Poland.

Real Estate / Build a house Wrocław area [18]


Many reasons. All learned the hard way by various foreigners.


That route means you have to pay double taxes and fees. Actually, more like quadruple, as the future ones will be based on the value of the house and land rather than just the land.


No, it certainly does not. For example, EU citizens can work in Poland without getting any paperwork. The spouse of an EU citizen needs to get temporary residency and that can take up to two and a half years with the Wroclaw office. And you cannot work until you get your temporary residency.

Real Estate / Build a house Wrocław area [18]


You are not an EU national, so to buy land in Poland you need permission from the Minister of the Interior and Administration. You get that by applying to that ministry.


That's a terrible idea, for many reasons.

Real Estate / Build a house Wrocław area [18]

You'd do better asking on the "Brits in Poland" Facebook group. Few of the regular posters here live in Poland, most haven't even visited Poland.

One question: you are getting permission for you to buy the land aren't you?

UK, Ireland / Getting a UK state pension in Poland [37]


It's the deal of the century! I wouldn't like to try to live off 5,555zl but as one pillar of a pension here it would be OK. I reckon 5.5 from UK state pension, the same again from ZUS, and contributions from dipping into 20 years of maxed out IKZE, PPK and PPO, plus either income from selling off the portfolio or an annuity, one could live pretty well in Poland in one's golden years.

Off-Topic / Stock Market and Trading Talk [1011]


I mean, you've got to be cretin to screw up a currency conversion once. But to do it twice in a row? With the same currency pair? What an utter moron! And he then makes it clear how little he knows by claiming that US dollars can only be changed for Swiss francs outside the USA! Hahahahaha! We all know he's never been out of the USA, never been further than Florida (and not going there again soon if he can help it), but to not even know how to get his hand on foreign currency? He's even stupider than we could have dreamed! Hahahahaha!

Off-Topic / Stock Market and Trading Talk [1011]


Hahaha, the f*cking moron just piles clueless statement on clueless statement!! What an utter cretin! There is nowhere in the US where you can change Swiss francs into US dollars? Hahahahahah!!! How can anybody be that stupid? How can they be that financially illiterate?!

Off-Topic / Stock Market and Trading Talk [1011]


LOL! Once again the self-confessed rapist and nun-puncher proves he's too stupid to do simple maths! The CHF/USD exchange rate is, as Jim sees, 1:1.1157. But Jim is so financially illiterate that he uses that rate the wrong way round, so he says CHF 180 = USD 155, instead of CHF 180 being USD 208. How f*cking stupid do you have to be in order to not even be able to convert currencies?!! Hoot!

Off-Topic / Stock Market and Trading Talk [1011]


He's definitely doing that now! Such a financial genius that he's never even seen a Swiss franc! Hoot! I've only got these in my wallet right now. Can somebody else tell the self-confessed rapist how to Google images of Swiss francs?

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Off-Topic / Stock Market and Trading Talk [1011]


We knew his character was terrible (what kind of moron boasts about raping teenagers or punching nuns?!), but we only learned today that he doesn't know the difference between a portfolio value and a bank account balance! And that he's so retarded he can't even tell you how many US dollars CHF 100 gets you! LOL! Hoot!

Off-Topic / Stock Market and Trading Talk [1011]


The average five-year old equipped with a calculator and a newspaper will beat Jim the self-confessed rapist and nun-puncher: they can convert from one currency to another but Jim can't even manage that!

Maybe that's why Jim fantasizes about five-year olds in the developing world, not many of them have calculators! Hoot!

Off-Topic / Stock Market and Trading Talk [1011]


Even better, the kind of retard who doesn't know the difference between a portfolio value and a bank account balance!

But then it must be easy to get the two confused when you have neither, and you're so financially illiterate that you don't even know which currency is used in Switzerland. Hoot!

Off-Topic / Stock Market and Trading Talk [1011]


I'm laughing so much the tears are streaming down my face! He's too dumb to convert from Swiss francs to US dollars but claims he's a day trader! No wonder his shack is about to fall down! Hahahaha! How can one person contain so much stupidity?!?!

Off-Topic / Stock Market and Trading Talk [1011]


The kind of retard who thinks that CHF 110,603 is USD 49,772.70.

What a f*cking idiot, he can't even convert between currencies! LOL!!!

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Off-Topic / Stock Market and Trading Talk [1011]



LOL!!! What kind of retard posts a screenshot showing he's lying not once but twice?!

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