Forced tax event much?
First of all, I am posting this because it's funny not in order to invoke the swarm, please don't go over the the Europe FIRE sub and lecture people on how they should invest - we don't like it when the bogleheads do it here.
Explaining a joke is a great way to kill it but I guess non European investors won't get it without an explanation:
This is an accumulating ETF, they are the European equivalent of DRIP (kind of). Investors buy them for the explicit reason of avoiding taxes locally by converting dividends into price gains (the ETF NAV increases by the amount of the dividend).
The mainstream investment advice is to put the entirety of your portfolio into one of these ETFs (yes a 100% allocation) and slowly sell your holdings during retirement.
Imagine having to realize all of your life long gains, all at once.. hell of a tax avoidance strategy XD
First of all, I am posting this because it's funny not in order to invoke the swarm, please don't go over the the Europe FIRE sub and lecture people on how they should invest - we don't like it when the bogleheads do it here.
Explaining a joke is a great way to kill it but I guess non European investors won't get it without an explanation:
This is an accumulating ETF, they are the European equivalent of DRIP (kind of). Investors buy them for the explicit reason of avoiding taxes locally by converting dividends into price gains (the ETF NAV increases by the amount of the dividend).
The mainstream investment advice is to put the entirety of your portfolio into one of these ETFs (yes a 100% allocation) and slowly sell your holdings during retirement.
Imagine having to realize all of your life long gains, all at once.. hell of a tax avoidance strategy XD