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@jjmaleyscw You could build your own portfolio of only companies that don't pay dividends, but that is IMO too much work, paying a ton in transaction fees and worst of all you lose a huge amount of diversification. Alternatives would be to invest in non-yielding assets like gold or crypto, but...

@jjmaleyscw Your numbers are accurate, but I'd like to add that: This effect is compounding. So really you're applying a multiplier of 99.7% to your returns every year. For example after 30 years this turns into 91.3% aka you've lost almost ten percent of your returns to dividend taxation. And...

@beenjammin3 I admire your drive to keep the savings rate up. So if you're motivated enough go for it, if anything you can still quit if it gets too much. Personally I wouldn't work two jobs to keep my savings rate up but to each their own.

@beenjammin3 You guys will still make over 10k a month together and you're thinking of getting a second job that will sure fire way lead to burnout because? It would be a different conversation if she fully stopped working, but this is simply not worth the hassle IMO. What do you need those 1700...

@leonica Your heirs will probably have to hire a tax lawyer. Depending on our portfolio you will probably save more in TER, conversion fees and withheld dividends than what this lawyer will cost, hopefully many decades from now. Ideally you would sell and move to UCITS land anyways.

@growth_17 Willbe has 1.55% atm lol. Still bad but not all banks are scamming us with garbage rates. Ironically enough Willbe in in Lichtenstein.

@sallyalder and then sends 90% of the returns to a retiree that locked in a juicy Umwandlungssatz, while you get the mandatory 1% return (nominal btw, in real terms PKs are eroding your savings.)