The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: schoenbauer on February 03, 2019, 06:27:43 AM
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Dear MMM community,
I have recently moved to Belgium and I'm now familiarizing myself with the investment opportunities. Can some kind soul who knows the system better than me give me a pointer on those two questions:
1. What is a low-cost broker in Belgium to invest ca. 1.5k/month in ETFs? I saw that other Mustachians are using Binck, but paying 8 Euro per 2500 Euro investment doesn't seem overly cheap to me (coming from Germany where you pay 0-3 Euro for a similar amount). I prefer a Belgian broker to a foreign broker because I hope it is more hassle free in terms of taxes.
2. On the Bogleheads wiki ("Investing in Belgium") I read that dividends are taxed 30%, but accumulating funds don't tax the re-invested dividends and capital gains are also not taxable (when the fund is held for more than 6 month). Is that still true? It seems incredible to me that capital gains are not taxed, when labour is taxed so heavily here (am I missing something?). Therefore an Irish, accumulating ETF seems to be the best choice for Belgian investors...?
Thankful for any feedback :)
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Dear MMM community,
I have recently moved to Belgium and I'm now familiarizing myself with the investment opportunities. Can some kind soul who knows the system better than me give me a pointer on those two questions:
1. What is a low-cost broker in Belgium to invest ca. 1.5k/month in ETFs? I saw that other Mustachians are using Binck, but paying 8 Euro per 2500 Euro investment doesn't seem overly cheap to me (coming from Germany where you pay 0-3 Euro for a similar amount). I prefer a Belgian broker to a foreign broker because I hope it is more hassle free in terms of taxes.
2. On the Bogleheads wiki ("Investing in Belgium") I read that dividends are taxed 30%, but accumulating funds don't tax the re-invested dividends and capital gains are also not taxable (when the fund is held for more than 6 month). Is that still true? It seems incredible to me that capital gains are not taxed, when labour is taxed so heavily here (am I missing something?). Therefore an Irish, accumulating ETF seems to be the best choice for Belgian investors...?
Thankful for any feedback :)
Check DeGiro broker. They have a big free list of ETFs and even if not free they have cheap fees like 1 dollar per trade. They are based off of NL so they should have presence in Belgium as well.
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Join the fun here: http://forum.mrmoneymustache.com/meetups-and-social-events/belgian-moustachians/
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Will do :)
Thanks for the recommendations!