Lazarus
30 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]
Lazarus
30 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
Well, he's either a liar or he's just admitted to tax fraud. He claims to have at least two million invested in the stock market and to earn 20% a year on that and to be in the 32% tax bracket. But 20% of $2,000,000 is $400,000 and the upper limit for the 32% tax bracket is $243,725.
Clearly we need to make full use of irs[dot]gov/compliance/whistleblower-office
a loser a faker and a liar.
Well, he's either a liar or he's just admitted to tax fraud. He claims to have at least two million invested in the stock market and to earn 20% a year on that and to be in the 32% tax bracket. But 20% of $2,000,000 is $400,000 and the upper limit for the 32% tax bracket is $243,725.
Clearly we need to make full use of irs[dot]gov/compliance/whistleblower-office
Lazarus
30 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
In Poland the top income tax bracket is 32%. One of the reasons I'm so interested in IKZE is that I hit that bracket in April. In that month some of my salary is taxed at 12% and the rest at 32%. From May onwards it's all at 32%. Below is a snip from my payslip for May. No doubt the Michigan Mystic will claim that 32% is higher than 32%.
On the subject of everybody's least favourite fantasist, I see he's claiming to earn at least $191,951 a year, but the information at bsaonline[dot]com/SiteSearch for his shack shows it has a value of $70,878. And the 2025 assessed value this year is $11,900 less than in 2024. That roof must be leaking more than we thought!
different tax rates apply
In Poland the top income tax bracket is 32%. One of the reasons I'm so interested in IKZE is that I hit that bracket in April. In that month some of my salary is taxed at 12% and the rest at 32%. From May onwards it's all at 32%. Below is a snip from my payslip for May. No doubt the Michigan Mystic will claim that 32% is higher than 32%.
On the subject of everybody's least favourite fantasist, I see he's claiming to earn at least $191,951 a year, but the information at bsaonline[dot]com/SiteSearch for his shack shows it has a value of $70,878. And the 2025 assessed value this year is $11,900 less than in 2024. That roof must be leaking more than we thought!
image001.png
Lazarus
29 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
The Michigan Mystic is back! And he still hasn't learned how percentages work. Or even simple multiplication. We had
But we now also have
Will the Mystic ever learn that making a 20% return means one would double one's money in 3.6 years?
I'll let a musical genius sum things up
The Michigan Mystic is back! And he still hasn't learned how percentages work. Or even simple multiplication. We had
I am happy with making a 20% return on my money overall.
I'm not trying to hit the home run ball
I'm not trying to hit the home run ball
But we now also have
I can average doubling my investments every five or six years (which I have done most my entire adult life)
Will the Mystic ever learn that making a 20% return means one would double one's money in 3.6 years?
I'll let a musical genius sum things up
Sick and tired of this fake-ass prophet
Michigan Mystic? More like Michigan Myth.
Michigan Mystic? More like Michigan Myth.
Lazarus
29 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
Why not use BOS? Then you can invest USD in the US market with no Belka on your winnings. Although you would need to convert the USD to PLN to withdraw it (unless government change that law, which they may well do, as it makes the IKE more attractive and does so with no cost to the taxpayer).
Over the last 12 months both are about 0.5pp below the indices they track.
I am doing the IKE though - in Santander I think.
Why not use BOS? Then you can invest USD in the US market with no Belka on your winnings. Although you would need to convert the USD to PLN to withdraw it (unless government change that law, which they may well do, as it makes the IKE more attractive and does so with no cost to the taxpayer).
long run these funds will underperform the nasdaq and s&p by a couple of percent.
Over the last 12 months both are about 0.5pp below the indices they track.
Lazarus
28 Jul 2025
Food / Poland-Tea or coffee land? [156]
If you want Early Grey with extra citrus, try Lady Grey tea (only from Twinings).
Earl Grey is also a black tea. It's very tasty, I drink it with lemon or lime.
If you want Early Grey with extra citrus, try Lady Grey tea (only from Twinings).
Lazarus
28 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]
Lazarus
28 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]
Lazarus
28 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
They are PLN and with currency risk hedged.
That said, it seems that BOS are now offering global access to ETFs via IKE accounts. The catch is that IKEs can only be loaded with PLN, and the global ETFs need to be bought in whatever currency their listed in. But the first three conversions with BOS are commission free, so if you can load your IKE with 9,000zl lumps, no commission for the FX.
these are zloty denominated as I understand
They are PLN and with currency risk hedged.
That said, it seems that BOS are now offering global access to ETFs via IKE accounts. The catch is that IKEs can only be loaded with PLN, and the global ETFs need to be bought in whatever currency their listed in. But the first three conversions with BOS are commission free, so if you can load your IKE with 9,000zl lumps, no commission for the FX.
Lazarus
28 Jul 2025
News / Poland's aid to Ukraine if Russia invades - part 23 [1012]
The problem is that countless thousands of people who are illegal immigrants in other EU Member States came to Poland legally. Well, legally in the sense that they bought visas from people who people who were entitled to issue visas.
If that government can't even defend Polish borders from illegal migrants
The problem is that countless thousands of people who are illegal immigrants in other EU Member States came to Poland legally. Well, legally in the sense that they bought visas from people who people who were entitled to issue visas.
Lazarus
28 Jul 2025
News / How will Polish-American relations change if Trump is elected president again? [694]
Any deal which involves consumers paying higher tariffs is a bad deal for both sides.
I think the EU has played this nicely: VdL simply isn't authorised to make the vague pledges that she's made that the EU will buy stuff from the US, so the Member States can simply say "That's nice. But we aren't required to comply with that agreement."
No doubt a poor deal for the EU
Any deal which involves consumers paying higher tariffs is a bad deal for both sides.
it seems VdL has acted unilaterally.
I think the EU has played this nicely: VdL simply isn't authorised to make the vague pledges that she's made that the EU will buy stuff from the US, so the Member States can simply say "That's nice. But we aren't required to comply with that agreement."
Lazarus
28 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
Happy to help.
About ETFs, have you seen ETFBNDXPL and ETFBSPXPL? They track the Nasdaq and the S&P 500, respectively, but are listed on the WSE, so you can use IKE money to buy them. Unfortunately the TER for both is 0.8%, but at least they're commission free this year.
Thx for the reminder !
Happy to help.
About ETFs, have you seen ETFBNDXPL and ETFBSPXPL? They track the Nasdaq and the S&P 500, respectively, but are listed on the WSE, so you can use IKE money to buy them. Unfortunately the TER for both is 0.8%, but at least they're commission free this year.
Lazarus
27 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
If you maxed it last year and put everything into a WIG tracker, you'd have got a 25% return (26% less management fee). The CGT is 19% here, and 19% of 25% of 25k is 1,187zl, which is worth filing in a form.
I would save a few zloty but the cap is quite small at 27k
If you maxed it last year and put everything into a WIG tracker, you'd have got a 25% return (26% less management fee). The CGT is 19% here, and 19% of 25% of 25k is 1,187zl, which is worth filing in a form.
Lazarus
26 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
Just had another look at the Alior website: they're offering 0zl commission on all purchases of Polish ETFs for the whole of 2025. I reckon I'm filling my IKE for this year with that offer.
the Alior fee
Just had another look at the Alior website: they're offering 0zl commission on all purchases of Polish ETFs for the whole of 2025. I reckon I'm filling my IKE for this year with that offer.
Lazarus
26 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]
Lazarus
26 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
It's 3.8% if you do under 300,000zl. Although I bought 50 shares in PZU (mostly for the 20% discount on insurance) yesterday and paid 11.80zl on 3,107zl, which I make slightly less than 3.8%.
While I remember, do you trade from an IKE brokerage account?
the Alior fee - I think 0,4% on the way in and 0,4% on the way out
It's 3.8% if you do under 300,000zl. Although I bought 50 shares in PZU (mostly for the 20% discount on insurance) yesterday and paid 11.80zl on 3,107zl, which I make slightly less than 3.8%.
While I remember, do you trade from an IKE brokerage account?
Lazarus
25 Jul 2025
Law / Polish Police and Their Tactics [237]
Did you read about that bloke in Gdansk who saw somebody abseil onto his balcony, clip his very expensive bike to their harness and then abseil off again? He ran onto the balcony and cut the rope.
Two very good climbers who can get up to a high floor ?
Did you read about that bloke in Gdansk who saw somebody abseil onto his balcony, clip his very expensive bike to their harness and then abseil off again? He ran onto the balcony and cut the rope.
Lazarus
25 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
cms have a read of this: fund-docs.vanguard[dot]com/ie00bfmxxd54_priipskid_en.pdf
Units available via Alior brokerage. "Management fees and other administrative or operating costs
0.07% of the value of your investment p.a. This is an estimate based on actual costs over the last year and takes account of any known future changes."
cms have a read of this: fund-docs.vanguard[dot]com/ie00bfmxxd54_priipskid_en.pdf
Units available via Alior brokerage. "Management fees and other administrative or operating costs
0.07% of the value of your investment p.a. This is an estimate based on actual costs over the last year and takes account of any known future changes."
Lazarus
25 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]
Lazarus
23 Jul 2025
Study / A medical school called UPS in Poland? [7]
Sounds like you have a bit of local knowledge.
Before that it was AP (Akademia Pomorska) and even earlier a WSP (Wyższa Szkoła Pedagogiczna).
Sounds like you have a bit of local knowledge.
Lazarus
23 Jul 2025
Study / A medical school called UPS in Poland? [7]
It wasn't called that then.
Uniwersytet Pomorski w Słupsku
It wasn't called that then.
Lazarus
22 Jul 2025
Off-Topic / Music Thread - part 2 [933]
[login to read]
Lazarus
22 Jul 2025
Off-Topic / Music Thread - part 2 [933]
[login to read]
Lazarus
21 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]
Lazarus
21 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]
Lazarus
21 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]
Lazarus
18 Jul 2025
Off-Topic / Music Thread - part 2 [933]
[login to read]
Lazarus
18 Jul 2025
Off-Topic / Stock Market Talk and Trading - part 2 [724]
LOL! Yet again the Michigan Mystic tries to boast about his inability to match the market! If somebody merely tracked the S&P 500 instead of trying to pick winners, they'd have doubled their money in just five years. And to double one's money by tracking the Nasdaq, one would have needed to invest in October 2022, less than half the time the Michigan Mystic claims he's able to double his fantasy money.
I saw a bona fide musical genius say it best:
it has been averaging between six or seven years to double my money and you are jealous because you don't have the brains to do it
LOL! Yet again the Michigan Mystic tries to boast about his inability to match the market! If somebody merely tracked the S&P 500 instead of trying to pick winners, they'd have doubled their money in just five years. And to double one's money by tracking the Nasdaq, one would have needed to invest in October 2022, less than half the time the Michigan Mystic claims he's able to double his fantasy money.
I saw a bona fide musical genius say it best:
He's the Michigan Mystic, a legend in his mind
In the real world, he's just another loser left behind
He's just a joke, a fraud, a story I'm sick of tellin'
While his whole damn world is failin'.
In the real world, he's just another loser left behind
He's just a joke, a fraud, a story I'm sick of tellin'
While his whole damn world is failin'.
Lazarus
18 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]
Lazarus
17 Jul 2025
Off-Topic / Random Chat Thread [1003]
[login to read]