Rip the band-aid

Due to the national tax rules the most advantageous way for me to buy and sell securities is to do so in an endowment insurance.

Unfortunately, it took me about 2 years until I realized that I needed to change the form of savings.

During these 2 years, we lost more than $14,000 in foreign tax. The loss for the sale of the total shareholding must be added. We couldn't even buy back all the holdings because of new regulations.

I am glad we took the loss when we did, it never pays (usually not) to wait.