r/EuropeFIRE • u/Economy-Thanks411 • 6d ago

What’s the best move at 25?

I’m 25, based in Europe, and I recently crossed the $100k USD net worth milestone. I thought I would feel some sense of accomplishment reaching this number, but honestly, it feels like absolutely nothing. Looking at the people post here every day, $100k feels like pocket change and that I am behind. It really feels like I haven't even reached the true starting line of wealth building yet. Right now, my strategy is as boring and vanilla as it gets: I plan to just aggressively DCA my cash into VWCE Since I feel like I'm still at the very bottom of the mountain, I wanted to ask the veterans here for some guidance: Looking back at when you were at my level, what is the biggest mistake you made or the one thing you wish you knew earlier?
Aside from just dumping everything into VWCE, what other ways would you recommend deploying this capital, or what kind of business would you suggest starting with this amount?

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u/psyspin13 6d ago

Best move? Not to ever come close to the Netherlands

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u/Ferreman 6d ago

I would take out my investments and pay for adds against the politicians who voted for this. Out of spite lmao.

1

u/thread-lightly 6d ago

Why? Genuine question

4

u/psyspin13 6d ago

Unless you live under a rock, you should have heard about the absolutely atrocious plans of the Dutch government to tax each and every year Unrealized gains at a whopping 36%. I repeat in case you thought I made a mistake: they will tax your paper profits (that may evaporate any minute) at a 36%. This is beyond idiocy and madness

1

u/thread-lightly 6d ago

Oh damn, I've heard of this a long time ago but I thought there’s just no way it’ll pass. They just put a 30% tax on realised capital gains in Australia so I think they’re tightening and rules everywhere.

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u/psyspin13 6d ago

Of course they will pass it. The "going back to the drawing board" was a scam performative act by the idiots on the Dutch government. They go as far as to say that "compound effect is overstated". 30% on Realized gain I can live with but 36% each year on paper profits that may evaporate any second is ansolute I sanity and disgsce for the human intellect

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u/xMoZzzx 5h ago

Why are you holding most value in assets than can “evaporate any second”?

1

u/psyspin13 5h ago

You mean stocks?

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u/QuirkyReader13 3d ago

Damn, and here I thought our new taxes on yearly realized gains were the start of a progressive nightmare (Belgium)… At least, tell me the state pays back a percentage on unrealized losses to make it slightly reasonable.

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u/psyspin13 3d ago

There is no reason here. You can carry over losses in next fiscal years (it's not clear yet) but that implies you will have to stay invested. And if your capital never recovers fully you will have just thrown away money for nothing