Coconut Water
Registered User
- Messages
- 11
When you were unemployed were you claiming unemployment benefit, if so then these years are also included in your PRSI contributions
I don't have the answer to your questions but wow, that's some serious savings and assets on an average enough income. Did you make most of that from bitcoin and sell some of it for the cash savings and stock investments? Or was there an inheritance etc? Either way fair play, your in a brilliant position. I'd be nervous about having so much in a single "currency" like bitcoin and would move more to a diversified stock/index portfolio but it's worked for you so far so what do I know.
By the time you do this your half a million could be worth €50. Or €5million. I dunno.I'm sitting on a lot of unrealised capital gains for bitcoin. Germany and Portugal have a 0% tax for these. Could I move abroad to take advantage of this?
And where would you like to see yourself in 10 years time, living and working in Ireland? Or travelling and earning more money? You are considering your retirement and tax credits but have you considered where you will live, maybe invest in the property now. You have clearly made good decisions in the past around your investments and money and are willing to take some risks so will that continue or do you see yourself taking less risks as you get older? Best of luck!
From bitcoin. Bought early, then sold. Ended up buying back in a few years later.Fair play !
May I ask if it’s not too personal how you got the money to invest in Bitcoin and shares having worked so little ?
By the time you have established residency abroad the bitcoin could be worth nothing.I would move aborad if there was a compelling financial case,
For compounding you need a return, and bitcoin doesn't pay interest.Let the compounding build the wealth,
I would move aborad if there was a compelling financial case, and avoiding paying 33% on so much profit would fall under that definition. So I would move, but I don't see myself travelling around.
I will buy a house if I make a decision on where to live, but that's very much up in the air now.
Less risks as I get older for sure. Let the compounding build the wealth, have steady employment income, sensible tax planning, maybe buy the Tesla dip as recommended by bish.
From bitcoin. Bought early, then sold. Ended up buying back in a few years later.
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