tigerbalm
Well-Known Member
- First Name
- Damien
- Joined
- Oct 11, 2020
- Threads
- 77
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- 2,777
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- Location
- Ireland
- Vehicles
- Taycan Turbo S, Fiat 500 EV
It might be, but my experiences have mostly been in Ireland – and due to a number of reasons relating to tax* – we're very unlike the USA in this regard – stock portfolios are the exception rather than the rule here.
While there might be some hobby stock purchases involved, it is unlikely that any of the folks I've interacted with have material wealth tied up in $TSLA.
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* - we pay 33% tax on profits and if you hold a stock for 8 years you have to pay the 33% tax regardless (its called deemed disposal) even if you haven't sold the stock or made a profit! I know, I know.
While there might be some hobby stock purchases involved, it is unlikely that any of the folks I've interacted with have material wealth tied up in $TSLA.
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* - we pay 33% tax on profits and if you hold a stock for 8 years you have to pay the 33% tax regardless (its called deemed disposal) even if you haven't sold the stock or made a profit! I know, I know.
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