The Syndicate

I got refunded of all the income taxes I paid in 2016, because I only started working in June and the math is weird.

Not sure if I'll have the same luck this year tho.

G-Man wrote: ↑Sun Mar 18, 2018 8:29 pm

Dragon D. Luffy wrote: ↑Sat Mar 17, 2018 8:16 am http://thehill.com/regulation/court-bat ... ciary-rule

So moral of the story: don't trust people who want to help you invest your money, if their salary is paid by someone other than you.

While this really sucks for investors who work through a small independent-esque agent (like my wife's uncle), the rule was a bit unfeasible for the large, corporate brokers who package funds together in bulk options. Everyone is unique, so few if any funds can really be purchased in anyone's best interest. Most people (myself included) aren't focused enough on the investment world to invest their money on their own/ Even if they were, t how would companies handle matching retirement funds? You can't just give it to people in their paycheck and expect them to invest it themselves and the costs would be too high to pump it into an individual plan instead of a group plan. I for one would not invest with the brokerage firm my company has their plan through. I only withhold enough to maximize the company match and fund my Roth IRA elsewhere.

I didn't understand half of what you say lol. Well I got the general idea but some terms are foreign to me.

Just commenting because I remembered it's common practice, at least here, for bank staff to try to convince you to make investments that are horrible for you and great for the bank, even though they usually call themselves "advisors".

http://thehill.com/regulation/court-bat ... ciary-rule

So moral of the story: don't trust people who want to help you invest your money, if their salary is paid by someone other than you.

We do, but the government has literally spent the last two years trying to destroy it over and over (similarly to the USA and the Obamacare) and now is waiting till after the 2018 elections to try again.

I'm making minimum payments to it right now, even though I don't have a job, so at least the working time gets counted.

The one I'm buying has taxes though, so it's more like a 4-4.5% in practice.

Yeah I've heard Americans like stocks because you don't have easy alternatives for high interest investments like we do. On the other hand, apparently your companies pay dividends more often than ours do.

My dad is still a big fan of stock market, though. But he is very patient with them, he's always buying and selling at small amounts, and taking a long time to profit if necessary.

I'm buying bonds from Brazilian government debt.

The ones I buy give between 5 to 5.5% interest a year, plus inflation correction. Only condition is that if I sell them before 2045, that interest rate is not garanteed (it can be higher or lower depending on what the country's interest is at the time).

It's pretty good investment from what I've hear, and most countries don't have such interest rates. And I'm a conservative guy so having a safe, long term investment which I can slowly put money into every month pays off. Only risk is if Brazil's state defaults, but history tells this has never happened with internal debt before.

Problem is that I'm unemployed right now, so there's only so much money I can invest. I have some extra money I've been saving for years though, so I'm using some of it to buy those bonds and put my money to work.

(PS: I'm not sure if the ones I'm buying are called "bonds" in English or something else).