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

No that was not my question.

If you day trade you pay a higher capital gains tax than if you hold the stock for a year. Effectively it is just taxed at your regular income tax bracket.

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

No i don't have any Tesla - not my kind of thing. Big tech stocks I have are Microsoft, Google, Apple, SAP - all have good cash flows and are market leaders. As you know I am more conservative because my day job is in a risky sector in a risky country in a risky currency.

Who makes more money ? Well so far, my stocks have outperformed yours. But let's wait until June

Serious question - not trolling, as a US taxpayer, don't you have to pay income tax on US stock profits if you sell quicker than 12 months?

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

Well again your ability to pick a winner is remarkable - only a handful of stocks had 4 dollar gains yesterday and only 3 of the top 100. To pick those - Microsoft or Boeing you would have to lay out an awful lot of capital for your 4 buck gain. Not for nervous people like me

But maybe you picked someone obscure like Cincinnati Fin Corp or Caribbean Cruises.

See you in April when we can check our stocks again !

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

Why on earth would I cherry pick your stock tips ? They have done worse than the market, worse than putting my money in the bank,and worse than my own tips, which I just pulled out of my ass based on whatever shops I drove by on the way to work.

News / Jacek Kurski, the new chairman of TVP (Telewizja Polska) [37]

Wouldn't a mafia hit be a bullet in the head in a dark forest, rather than a stabbing on live TV with millions of witnesses and a high chance of failure ?

You have been watching too many films

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

So now I realize it was a mistake to wander into the Off Topic area. You guys can be pretty weird sometimes.

Maybe I will enter into the JR spirit and post random pieces of good luck, after they have happened. So in 1998 when I had a bit of spare cash I put about 3000 gbp into some emerging India fund. I then forgot about it, lost the documents in some house move and only last year did I track down the fund and cash out at an amazing profit - maybe 15000 after tax. Now I see I was lucky as quite a lot of that fund was in this Adani business and various other Indian things that have been tanking.

Normally I am on the wrong end of these disasters.

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

Where have I insulted you personally on this thread ?

See ya in April

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

I think the idea of your challenge was that you post ideas err....before you buy the stock. And they see how they perform

Which us what I did - chose 9 stocks. Basically I took the ones that had performed badly in 2021 and assumed they would revert to the mean.

You chose 3, which have underperformed mine. Despite your charts.

And now you are telling us about the all the nice cakes you baked in the meantime.

Your understanding of forex and brokers fees is a bit surreal. I buy US stocks in USD and I buy European stocks in EUR and Polish ones in zloty. Like many Poles i have accounts in foreign currency.

Brokers fees i told you are half a percent to buy, half a percent to sell. It's Citibank Handlowy - if you know someone on the Polish market who does that cheaper and is safe I will be happy to try them.

I know Daytrading is cheaper but it's also way less safe, and there is no way I am going to risk hard earned funds on gambling. It says in their own adverts that 83 percent of day traders lose money. If you are one of the 17 percent then I salute you.

Biggest issue if all is that I don't have time for the day training. I have a business to run and that makes more than I would get earning a few pennies on risky stocks here and there. Take The opportunity cost of your time into account and it for exceeds my one percent brokers fee is that I am paying.

Travel / Poland in photo riddles - part 2 [1680]

I can't see any there that I would be confident to eat !

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

Like Trump win the election LOL

Law / Common practice when test driving a car from the sellers perspective [4]

Asking for ID is fine. Asking for a deposit would be a dealbreaker to most Poles

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

My brokers fees - half a percent to buy, half a percent to sell. Polish tax 19 percent on any realized gains

I will let my stocks do the talking LOL - we can return to this in April

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

Hey - think it's time for a 6 month check on our tips

JR

Devon +4 percent. Not bad - matching inflation and generally moving up
Apple -10 percent. Coming back from some heavy losses but I am pessimistic about Iphone sales, product is overpriced.
Li Auto. -27 percent. Coming back a bit but this one is a disaster, the 59th of the 61 stocks I own.

CMS

Schlumberger. +53 percent. I am getting a reward for years of patience
Dexcom. +29 percent. Thank my broker for this one, i had never heard of it, but there is money in diabetes it seems
Siemens +29 percent. Russia's defeat has pushed this one up as I expected
Pekao +24 percent. The best of the Polish banks, but that's not saying much
SAP. +21 percent. This had been oversold, big installed base and good revenues
Linde +7 percent. Ok but down a bit recently and has scrapped it's German listing
General Dynamics. +1 percent. A real disappointment
Costco. -7 percent. Surprised at that but holding on to it.
JMD Biedronka -10 percent. Results are good but stock seems depressed like most Polish retailers.

6 months to go. JR's results are not disastrous but certainly not good.

Mine are Ok - 1 superstar, 4 comfortably beating the market, a few average and 2 in the red.

News / THE ARMY OF POLAND - THE REALITY [493]

Russia is not a stronger neighbor. They are drunk and noisy neighbors but with a pathetic army

USA, Canada / I want to make a bank transaction to a Canadian bank [3]

Other things I have been asked for are the IBAN and the BIC number

The iban is usually the swift and the bank code joined together but I don't know if that is the case in Canada

Real Estate / Is my water bill too high? [11]

If he can't give you a bill for oct - December then just tell him you will ignore the whole bill

It's just as logical that you pay zero as paying all of it

He is not going to kick you out over a few hundred zloty and the law is on your side

Real Estate / Is my water bill too high? [11]

Obviously whatever happened before October is nothing to do with you.

Cost per sqm is about 1.50 a month so in a big flat then yes it could be 150 a month.

But if he told you it's without bills and you have a contact there is not much he can do

Real Estate / Cost of real estate in Przemysl [3]

Method 1. Check on Otodom the price of comparable apartments and knock off 15 percent. Then divide by number of sqm

Method 2. Find out the typical month rent in Przemysl for that type of apartment. Take 85 percent of that, multiply by 12, then divide by 0.06. Then divide by number of sqm

Law / Testaments (Wills) in Poland - leave people specific things or only percentages/fractions? [6]

No - the siblings and their kids only have rights if you die without making a will

I think your own kids have rights if you make a will but disinherit them

But there are two simple solutions

- marry your girlfriend and then you can name her as the heir

- if you are citizen if another EU country, you can nominate your will to be under those laws.

Law / The right to own guns: would you support such legislation in Poland? [2237]

Last year I flew maybe 50 times. I didn't take a parachute once.

I said option 1 - run, option 2 fist fight. But escalating a situation with a gun might mean a worse injury or innocent people getting hurt - in fact there have been several such incidents in the UK where gun crime is getting worse.

Law / The right to own guns: would you support such legislation in Poland? [2237]

What are the chances of a knife wielding junkie spending 6 zloty on tram fare to come to my quiet suburban street ?

If he did and he was "high" then I would run away. Or if it came to a confrontation then I would feel more confident with fists and kicks than I would firing a gun

And besides I wouldn't be walking around town with a loaded gun on me - you can't even do that in lots of US cities

There are occasional drunks and junkies in the city center but there are also police, Straz and other passers by. A knife wielded would be quickly arrested

Law / The right to own guns: would you support such legislation in Poland? [2237]

So when you have the "home invasion", you first need to go to the safe, in the dark and unlock it?

Law / Debt in Poland - inheritance after relative death? [14]

You are a Polish citizen ?

Law has changed recently and you are only liable up to the value of the inherited assets

Not sure about if the rules changed about how to renounce but you used to be able to do that at the Polish consulate - if you speak Polish then call and ask

Life / Do Polish women dislike Asian women? [14]

They do that to other Polish women too :) don't worry about it - they can be competitive, and very protective once they have a boyfriend

Food / Where to buy napisco Oreo Biscuits in Warsaw [15]

Yes we have them - plus all the ice creams, limited editions, milkshakes etc :)

Law / How do I verify a Polish company's existence? [249]

These are the details. He is indeed listed as owner

aleo.com/pl/firma/people2connect-spolka-z-ograniczona-odpowiedzialnoscia-poznan

Be careful wiring your money

Life / Poland's feelings on glorified vaccinations [81]

I have had them twice in the last 20 years. Don't know if they worked.

Love / I'm an Asian girl. Polish boyfriend has never kissed me, but I'm in love to him. [13]

I agree :) grab his hand, hold it while you walk and tell him that feels nice

He will get the message

Travel / Food hygiene in restaurant New Delhi in Wroclaw, Poland [4]

Strange way to spell Emilia

Law / Old Polish money banknotes - what's their value today? [415]

Could be genuine but I think they stopped making those in 1941.

The value is very low - less than 5 dollars on Polish auction sites