Dividend King 👑

Dividend King wrote that he saw in the morning an article presenting French bonds as having become attractive again, then another in the evening, stating that it was the ideal time to buy a new home in France. He concluded that these two asset classes should be avoided at the moment. #Finance #Investissement #Immobilier (translated)

Dividend King described a climate he deemed particularly negative in France. He wrote that the entrepreneurs he knew were considering leaving, although many, in his view, would not follow through. He also indicated that the tax advisors and wealth managers he spoke with received numerous requests for expatriation from their clients, a trend that had supposedly increased since the dissolution of the Assembly and would accelerate as the presidential election approached. He specified that these clients held fortunes in the range of 7, 8, or 9 figures. The author added that many university students he had recently discussed with wanted to start their professional lives abroad, even if not all would realize this project. In the stock market, he estimated that French investors were increasingly turning away from companies in the CAC 40 in favor of global or American markets, and that the recent performance of these markets justified their decisions. He finally said he had never observed, in his lifetime, such a negative sentiment at so many levels and expected the trend to continue. #entrepreneuriat #expatriation #france (translated)

Dividend King provided an update on the amendments concerning investors and entrepreneurs reviewed by the finance committee as part of the 2027 budget. He indicated that nearly all proposals aimed at increasing the flat tax had been rejected, such as the proposals to abolish the single flat-rate tax. A final amendment was supposed to be submitted for a vote that very day, but it had little chance of being adopted. According to his report, the committee had rejected all amendments aimed at tightening the Exit Tax, particularly those seeking to extend its duration from 2 to 15 years. However, it had adopted proposals to include portfolios of cryptocurrencies exceeding €800,000 in this scheme, to tax capital gains realized during conversions into stablecoins, and to impose a declaration to the tax authorities for self-hosted crypto portfolios of at least €100,000. Failure to declare could result in a fine of up to €10,000, he specified. Dividend King also stated that an amendment aimed at extending the 2% tax on holdings to financial investments had been withdrawn and that amendment I-CF1440, which proposed to abolish the tax on certain non-professional assets of wealth management holdings, had not been supported. He added that the amendment on contribution-disposition put forward by the general budget rapporteur, Philippe Juvin, had been adopted. This included stricter controls on donations of holding shares and changes to the taxation deferral regime, with transitional provisions for contributions made before October 7, 2026. The author believed that cryptocurrency holders were, at this stage, the main losers. He emphasized, however, that these results only concerned the finance committee and that the amendments still needed to be examined in a public session. He also reminded that amendments rejected in committee could return during debates and that the government could have its original version of the budget adopted through Article 49.3 or through ordinances. #Budget2027 #Cryptomonnaies #Finances (translated)

Dividend King criticized an amendment which, according to him, would propose extending the duration of the Exit Tax to 15 years, compared to the current two or five years. He explained that this provision allowed the French state to tax the unrealized capital gains of certain taxpayers leaving the country, even if they had not sold their securities. According to his description, the taxation could be canceled if the securities were held for two or five years, depending on their value, but would become payable in the event of a sale before the end of the period. He also indicated that financial guarantees could be required depending on the destination country. Dividend King believed that a 15-year period would prevent taxpayers from selling without the French taxation on capital gains accumulated before their departure and could be contrary to European law. He added that the individuals concerned would still have to declare these capital gains to the French tax authorities, even after ten years of living and paying taxes in another country. He presented the amendment as a signal encouraging people to leave France before being subject to the Exit Tax and claimed that socialism ultimately erects barriers to prevent people from leaving. #ExitTax #Fiscalité #Expatriation (translated)

Dividend King estimated that the new proposals aimed at increasing the flat tax would mainly penalize small savers rather than the wealthiest. According to him, the latter would distribute very few dividends personally, transferring them from operating companies to holding companies, where the mother-daughter regime would allow them to exempt 95%. He added that there are other ways to benefit from funds held in a holding company without distributing dividends or salaries, without detailing them. He criticized the deputies behind these proposals, including Eric Coquerel, for confusing revenue and profit. According to him, the measures targeting Bernard Arnault in particular would penalize small savers who are building wealth through a PEA or a regular securities account (CTO). He finally estimated that a reduction of the flat tax to 15%, or even 10%, would lead to the exit of hundreds of billions of euros from holding companies. #Fiscalité #Économie #Patrimoine (translated)

Dividend King wrote that deputies submitted an amendment to the finance bill over the weekend aimed at raising the flat tax from 31.4% to 34.4%. He found this proposal hard to believe and criticized elected officials paid by public money who, according to him, were seeking to further increase taxes in the most taxed country in the world. #impôts #politique #France (translated)

Dividend King wrote that Google made more than 20 times the profits of TotalEnergies in the second quarter of 2026 and, alone, nearly twice those of all the companies in the CAC 40. He added that he followed American news daily without seeing any media or American political leader calling for the nationalization of Google or a taxation of its "windfall profits" or "super dividends." He presented this as one of the many reasons why a significant portion of his wealth was invested in the United States. #Google #Bénéfices #CAC40 (translated)

Dividend King wrote that young people aged 18 to 25 who had already understood the importance of investing a portion of their income were, in his opinion, ahead of 90% of their peers. In light of the current situation in high schools and universities in the country, he revised his estimate to 99%. #Investissement #Jeunes #Finance (translated)

Dividend King compared what he presented as the image many had of the rich to their actual situation. According to him, they were often supposed to have €800,000 in their checking account, €1,500,000 in savings, and €1,500,000 in investments. He described the reality as rather €6,000 in the checking account, €50,000 in savings, and €3,750,000 in investments. #richesse #argent #finance (translated)

Dividend King stated that TotalEnergies was the only company in the world to cap its prices, that it was pursuing an exceptional shareholder policy, and offered its employees some of the best working conditions in the country. He believed that the French did not realize how fortunate they were to have this company. https://t.co/fdnbOzKwwJ #TotalEnergies #Économie #Travail (translated)

I just read in detail the 2027 finance bill that was submitted this morning by the Prime Minister ✅ Let's overlook the fact that the proposed savings are clearly insufficient. What I noted regarding taxation: • No general increase in capital taxation • No direct attack concerning the PEA • No change regarding the Exit Tax (and this is what interested me the most) • Reduction of 30% of the exceptional surtax on large companies (positive for the large groups concerned, including several companies in the CAC 40) • No new tax or tightening announced specifically targeting wealth management holdings • Indexation of the income tax scale to inflation • No cuts to the Dutreil pact (business transmission) • No increase in donation/succession rights (but no decrease either) • Several measures favorable to the transmission and productive investment of businesses We will now have to remain vigilant about the modifications that could be made by parliamentarians, But in any case, the Government's proposal remains quite timid regarding tax increases, which is an excellent thing ✅ #Fiscalité #Économie #DroitFiscal (translated)

We have Vanguard, the second largest asset manager in the world, warning against a potential spiral of deterioration of French sovereign credit. The French 10-year has surpassed 4.86% today, The spread with Germany is approaching levels of 2012, during the euro crisis, It will be fine. #économie #finance #crédit (translated)

According to Goldman Sachs, investment spending in AI by hyperscalers is expected to continue to explode: • Google: $253 billion ➡️ $507 billion (+100%) • Amazon: $301 billion ➡️ $505 billion (+68%) • Microsoft: $227 billion ➡️ $373 billion (+64%) • META: $230 billion ➡️ $333 billion (+45%) This amounts to a total of $1,718 billion over 2026 and 2027. The American bank also estimates that Google, Amazon, and Microsoft should generate around $1,000 billion in revenue from their cloud activities between 2028 and 2030 to achieve a return on investment of 15%. This amount represents only about 59% of their current order books, which already reach nearly $1,700 billion for the three giants. These figures show that, despite the scale of CAPEX committed to AI, the already contracted demand is substantial and could greatly contribute to making these investments profitable ✅ This is where we stand on the famous "AI bubble" 🙃 (Disclaimer: I own 1,000 shares of Amazon, 160 shares of Meta, 1,000 shares of Google, and 600 shares of Microsoft) #IntelligenceArtificielle #Investissement #Technologie (translated)

Patrick Pouyanné a sonné la cloche du New York Stock Exchange hier 🛎️ Si TotalEnergies voulait envoyer un message subliminal aux politiques français, elle ne s’y serait pas mieux prise… Pour rappel, l’action est déjà cotée à New York depuis le 8 décembre dernier 🇺🇸 https://t.co/KDYZ7TKMgV #TotalEnergies #Bourse #NewYork

⛽️🇫🇷 - Deux excellentes nouvelles qui viennent de tomber pour les actionnaires de TotalEnergies 🎉 1️⃣ Le conseil d’administration annonce une augmentation du dividende de “plus de 5% par an” jusqu’en 2030, confiant dans la capacité de l’entreprise à générer davantage de free cash flow 2️⃣ TotalEnergies annonce également 2,5 milliards de $ de rachats d’actions au 4e trimestre 2026, contre 1,5 milliard de $ au trimestre précédent Des actionnaires heureux par ici ?👀 #TotalEnergies #Dividende #Actionnaires

Amazon s’échange actuellement sur ses plus bas multiples de prix / cash flow opérationnel, Dans le même temps, l’entreprise croît plus vite que jamais et devrait atteindre les 1000 milliards de chiffre d’affaires en 2028. Chacun fera ce qu’il souhaite de ces deux informations. https://t.co/EGOMQYhthe #Amazon #Croissance #MarchéFinancier

À court terme, les marchés actions sont l’une des classes d’actifs les plus volatiles au monde, À plus long terme, ils sont la classe d’actifs ayant généré le plus de richesses dans l’histoire de l’humanité, De très loin. https://t.co/5pwNIOhvZX #marchés #investissement #richesse

Lorsque je parle des investissements que je fais pour mes enfants, il y a une question qui revient assez souvent : “Est-ce qu’il est préférable d’ouvrir un compte titres au nom des enfants ou à mon nom à moi pour leur donner ensuite ?” Pour la grande majorité des cas, la seconde option sera beaucoup plus optimisée, pour pas mal de raisons : 1️⃣ Avoir le compte à votre nom vous permettra de maîtriser le timing de la donation. Rien ne vous oblige à le donner à votre/vos enfants dès leurs 18 ans. À l’inverse, si le compte titres est ouvert au nom de l’enfant, il en récupère le contrôle à ses 18 ans, sans que vous n’ayez votre mot à dire. 2️⃣ Si vous ouvrez un compte au nom de l’enfant et que vous faites des dépôts régulièrement dessus, il y a un risque que ces versements soient considérés comme des dons manuels par le fisc français. Le plus pertinent pour éviter ceci reste de faire des versements ponctuels pour des occasions particulières (Noël, anniversaire, etc.) qui pourront ainsi, sous certaines conditions, être considérés comme des présents d’usage (à condition qu’ils restent cohérents par rapport au patrimoine et aux revenus des parents), plutôt que de faire de petits dépôts réguliers. Ce problème disparaît complètement si le compte est à votre nom. 3️⃣ Sur le plan fiscal, il existe deux mécanismes qui rendent la détention du compte à votre nom très puissante. Le premier, c’est la possibilité de profiter de l’abattement fiscal pour donation. Celui-ci est de 100 000€ par parent et par enfant, tous les 15 ans. Le second, le plus puissant, c’est ce qu’on appelle la purge des plus-values. Admettons que vous ouvriez un compte titres à votre nom, destiné à être donné à votre enfant, Vous accumulez durant la vie de celui-ci des parts d’un ETF S&P500, avec un prix d’achat moyen de 100€, Votre fils a 20 ans, votre investissement a très bien performé, votre ETF a fait x10 et vaut désormais 1 000€. Votre prix d’achat est toujours de 100€. Au moment de la donation, votre fils reçoit donc vos parts d’ETF… Et c’est là que la magie opère 🪄 En droit français, lors d’une donation de titres, la valeur retenue au moment de la donation devient le nouveau prix d’acquisition fiscal pour le bénéficiaire, Autrement dit, si vous donnez à votre fils un ETF qui vaut 1 000€ alors que vous l’aviez acheté 100€, son nouveau prix de revient fiscal sera de 1 000€. Les 900€ de plus-value latente accumulés de votre côté sont donc “purgés”, sans déclencher d’imposition sur cette plus-value. Si votre fils revend immédiatement ses parts à 1 000€, il n’aura donc aucune plus-value imposable. Et s’il les revend quelques années plus tard, disons à 1 500€, sa plus-value imposable sera calculée sur la différence entre 1 500€ et 1 000€, soit 500€, Et non entre 1 500€ et vos 100€ de prix d’achat initial. C’est extrêmement puissant. Vous pouvez donc accumuler pendant des années des actifs à votre nom, conserver le contrôle total du capital, puis transmettre les titres à vos enfants au moment que vous jugez opportun, Vous pouvez alors profiter de l’abattement de 100 000€ par parent et par enfant, tout en purgeant les plus-values latentes accumulées pendant toutes ces années. D’ailleurs, ce mécanisme de purge des plus-values existe aussi pour d’autres types d’actifs, notamment l’immobilier ou les parts de sociétés. Pour toutes ces raisons, je recommande plutôt d’ouvrir un CTO à votre nom et de le donner par la suite, plutôt que d’en ouvrir un directement au nom de vos enfants. #Investissement #FinancePersonnelle #Donations