Shortnordic.com offered short interest data just a moment ago, but now the graphs have stopped updating. Can anyone say why? Where could I get a similar graph?
Howdy! 
While browsing this forum, a question came to mind regarding the tax authority and taxation: Finnish banking groups automatically report trading data to the tax authority. Iâve been wondering for a while why people still diligently report these themselves? I understand foreign custodians, from whom automatic reporting is not possible â not to mention cryptocurrencies. Also, potential transaction costs are âaddedâ to the acquisition data, so I donât see the need to report these either.
What do people correct in these? Of course, if the data is incorrect, it is corrected, I understand that too. Checking the accuracy of the data is also the investorâs responsibility, not so much the bankâs or the tax authorityâs. I think I understand something about investing, but when it comes to more specific tax âtricks,â I donât understand more than the âthousand euro ruleâ (tonnin sÀÀntö) or the 5-year tax deduction for losses.
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Most likely, those who advertise a lot are precisely the ones with incomes that donât automatically go to the tax authorities. Thereâs probably nothing more to it.
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UK withholding tax is 0, so are dividends from UK stocks received completely tax-free for an ISK (OsakesÀÀstötili)? In other words, does the tax treatment not differ from Finnish stocks?
Posted in the wrong thread first, but an answer to this?
https://forum.inderes.com/t/ost-osakesaastotilin-sijoitukset-hold/3381/35?u=mikko25
Okay. Even at Nordnet, it comes out rightâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠâŠ..
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Iâm asking for a friend. The situation is approximately as follows.
- Mortgage 115k
- Stocks 280k
- Funds 45k
- Cash 150k
Stocks are up by 70k overall. Funds (includes index funds and some others with higher fees) are up by 10k. On the other hand, there are stocks totaling 18k that are at a loss.
Stocks have a strong Finnish weighting. Funds are well diversified. Stocks have been picked in some way; apparently, they are not a very active follower
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These are somewhat trivial questions as everyoneâs situation is individual, as is investment âknow-howâ, stress tolerance, etc.
I myself have kept the loan with normal repayments all the time (there isnât much left anymore), and since starting 12 years ago, the average annual return in the portfolio has been +40.42%, so that loan portion has also performed well.
My first tax-loss sales are approaching. Isnât it smart to sell loss-making securities from the portfolio near the last trading day of the year and buy them back after the turn of the year? By doing this, one could get lower fees for Nordnet (?)
It doesnât particularly matter if you sell now or at the end of the year. Or whether you buy back before or after the turn of the year. As long as you donât buy on the same day you sell.
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And the reason for this is that the tax authority interprets this as tax evasion because your intention is to realize losses for deductions, and when you buy it back immediately, you are not exposed to market risk at all.
Yeah, costs will indeed drop (at least for a normal customer) if one buys back next year.
Otherwise, itâs probably all the same whether one sells today or in three weeks. Unless one can guess where the rates go (and if it matters in this particular case).
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In my opinion, a mortgage is relatively cheap money, and if thereâs a need for it, I donât think itâs worth paying it down. Based on the writing, the friend seems to have 150k in cash, so based on this, thereâs no need for the loan in its entirety, at least. Euribor is currently just over 2%, and with a 0.4% margin on top, that means a loan cost of about 2.5%. Itâs quite difficult to get that as interest on an account; it just loses a bit. Because of this, I would pay down at least part of the loan. I would save the money for buying a car; that loan interest rate is a good starting point. It might be possible to get a cheaper offer for a car; if so, take the offer and pay down the mortgage.
Currently, you donât get a tax benefit from a mortgage, so itâs worth finding out if itâs possible to get an investment loan that is deductible from investment income. Then calculate exactly what it means to deduct an investment loan in taxation (even with a higher interest rate).
Regarding the portfolio, I would rank investments based on what each is expected to yield in the future. A good starting point for stocks is Return on Equity (ROE) or ROIC. Rank them by these and assign points, for example, based on the investmentâs ranking. Then a growth estimate for the next 5 years and the same evaluation. Sum up the investments and consider which ones to cut from those that scored the most points (the lowest-ranked in both categories).
I would start sales with the one that has yielded the most, which they want to get rid of for an amount under 1000 this month. The sale is tax-free if there are no other sales. Then, next year, sell the others that they donât want to keep. And I would try to do it in a way that avoids capital gains tax. New investments into a broad index. Proven to be the best investment for most. I would increase the amount invested in index funds.
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I found conflicting information about this online, so Iâm checking here, as there are knowledgeable people.
The situation is as follows: I have a few thousand euros worth of capital losses from fund sales, the tax deductibility of which expires at the end of the year. In addition to this, I have an equity savings account (OsakesÀÀstötili) significantly in profit, but no stocks or funds in a book-entry account (Arvo-osuustili).
Question: Can I utilize the tax losses by withdrawing enough money from the equity savings account (OsakesÀÀstötili) to generate taxable capital income equal to the deduction?
I thought the answer was simply yes, but I found conflicting information online.
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Primarily from capital gains (which share savings account income is not), secondarily from so-called pure capital income. I recall that share savings account income is, however, included in this. I could check from an old tax decision.
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Well, I interpret my own tax decision in such a way that the returns from the share savings account (osakesÀÀstötili) have been included in the pure capital income (pÀÀomatulo), meaning in the sum from which losses can be deducted. I donât give any guarantee or take responsibility for this interpretation, but this is my honest understanding of the matter. Can you point to any source that would suggest otherwise?
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