No. of Recommendations: 3
As an introduction, I'm not normally a dividend investor. Essentially I'm
agnostic on dividend as a sine qua non preference as I've been focused on
Total Returns over the past 40+ years. This has served me well, because long-term
capital gains in the US are usually taxed at a lower rate.
However I'm now moving to a country (Portugal) with an unusual tax regime. Over
the next 10 years I will qualify for Non Habitual Residency (NHR) status, which
essentially excludes taxation on income which doesn't originate in Portugal.
However, what is not excluded are capital gains, which are taxed at a flat 28% (!)
The bulk of my net worth will be in tax-deferred IRA accounts. My taxable equities
will be in a combination of Berkshire, QQQE, and Treasuries. I'm considering adding
SCHD to the mix, as these (BRK, QQQE, SCHD) aren't holdings that I would need to
sell in the next 10 years, as I want to minimize (or eliminate) any capital gains.
Thoughts?
