charlesdm

13 ms·

91.
by charlesdm 7y ago
> In extremis you can sometimes walk in if a restaurant isn't busy, ask for a glass of water, drink it while standing, and leave immediately. You would never sit in such a circumstance Perhaps I'm not used to it, but that sound
92.
by charlesdm 7y ago
I'm Belgian so I'm aware we don't really drink tap water. However, to say that tap water tastes exactly the same as bottled water is also a bit ridiculous in my mind. At the end of the day I guess it comes down to preference.
93.
by charlesdm 7y ago
I never got why people are so into free tap water everywhere. Who goes into a restaurant, does not order anything, and asks for free ice water? If I'm a restaurant owner and someone is taking up a seat while drinking free tap water, o
94.
by charlesdm 7y ago
By that reasoning, every double taxation treaty that contains some sort of exemption is exploitative. The Mauritian treaty does not contain any abnormal clauses that are uncommon in intra EU treaties and for example, most US-EU treaties. Do
95.
by charlesdm 7y ago
If the Mauritian tax treaty is such a pain for India, then they should just get rid of it. They clearly haven't, so it must be of some value -- thus you can't shame companies for using it to legally sidestep taxes.
96.
by charlesdm 7y ago
I was more referring to the $30k example above. In your situation probably fine for a few thousand, but if someone owes you a significant amount of money then I don't think you should act in this way. You just sue them (if all else fai
97.
by charlesdm 7y ago
Yes. What he did is generally not good advice / a good course of action. What you do is let them know you expect payment in X days, and if not start legal proceedings. And then you follow up on that.
98.
by charlesdm 7y ago
It's pretty ridiculous to me to charge a late fee on net-30, especially when you want to work with a client again in the future. My best paying clients (e.g. multinationals) generally always pay late by one to a few weeks. As long as y
99.
by charlesdm 7y ago
Most billionaires don't go broke because they spend more than they have on personal expenses. They tend to go broke because of bad investing. Plenty of billionaires became billionaires in the first place by investing aggressively and u
100.
by charlesdm 7y ago
Yes, banks have too much money (I'm not even kidding here, they have too much money and not enough good transactions to lend money for). So if they find someone potentially great (think Elon Musk, Patrick Drahi, John Malone, or this gu
101.
by charlesdm 7y ago
Because his paper net worth is more than $10bn, and it's safe to say you might want to take a bit off the table and diversify.
102.
by charlesdm 7y ago
It won't be personally guaranteed. Overcollateralized, sure. Maybe he can take out a $3-400m loan against $1bn worth of stock. Also mind that these loans were taken out before the company was valued at $47bn. Someone who built up that
103.
by charlesdm 7y ago
This sounds like a question for a tax lawyer. You won't be able to get a conclusive answer here, to be honest. What if you get audited down the line? Are you going to refer them to a HN answer?
104.
by charlesdm 7y ago
So if I have the means and want to live in both the US and Spain I'm not allowed? Now that seems like a ridiculous concept. Citizenship is an outdated concept, and not one I really agree with.
105.
by charlesdm 7y ago
I rent for the exact same reason, and can agree. The second reason is that there is minimal opportunity for capital appreciation where I am, and I do not feel like locking up a significant deposit in such an illiquid asset. I get much bette
106.
by charlesdm 7y ago
Also this https://www.rvo.nl/subsidies-regelingen/groeifaciliteit
107.
by charlesdm 7y ago
I'm not up to date on the particulars for each country, but where are you based? Happy to help if I can.
108.
by charlesdm 7y ago
You can totally do better than the average, especially with small amounts of money, but not for the same effort required of an index fund (i.e. close to none).
109.
by charlesdm 7y ago
Lol dude, "just" $100k. Barriers to entry? Totally honest: I'm an investor and I wouldn't invest $100k in you with a mentality like that. We're all in this to make money. What you need is to prove your idea. No one
110.
by charlesdm 7y ago
Can you? Yes. But it's going to be like taking a second job, because sourcing good deals is hard and a lot of work. If you want to deploy a few 100k, your best bet would be to invest directly into a private fund -- if you can find one
111.
by charlesdm 7y ago
Because most people doing things are not worthy of investment (i.e. crappy ideas, bad execution, not ready for investment, etc)
112.
by charlesdm 7y ago
What you call fraudulent is not actually fraudulent. It makes a lot of sense to allow this. If a US company develops IP in the US, is it not normal that they then get to charge a royalty for use of said IP globally? If a French company deve
113.
by charlesdm 7y ago
To each their own view, but the more wealth someone builds up, the more complex their tax affairs become. Especially if operating internationally. The 401k example is good for a normal employee. But what if I have businesses in Poland, the
114.
by charlesdm 7y ago
Correct in theory. But have you looked at french tax policy? The issue with new taxes is that often it starts at 3%, then goes up gradually to 5, then to 7, and before you know it you have a 15% turnover tax. France is a lovely country, but
115.
by charlesdm 7y ago
Whether or not you'll be able to sell shares (and at what price) depends a lot on which company it is. A random startup won't yield you much, a unicorn will do better -- depending on the valuation. I looked into buying pre IPO Spo
116.
by charlesdm 7y ago
And it also depends on the tax rate. Making $/€100k gross, pre tax, means something different in San Francisco vs say Barcelona.
117.
by charlesdm 7y ago
^ very true. Larger banks also do this, but you need someone high up the totem pole to connect with. Most lower level employees cannot approve these things and just input things into the system (which has a risk model that spits out a yes&#
118.
by charlesdm 7y ago
I would hardly call a 150m2 home a "mega home", even in London.
119.
by charlesdm 7y ago
She lied about her age and her graduation date, and then a few other things. What's the point of lying about your age? I can't imagine a 36 year old is less likely to be funded than a 42 year old?
120.
by charlesdm 7y ago
Depends on the country. In the EU many countries make available debt for growth purposes, generally supported by EU funds.

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