Panta Rhei | Jan 4, 2026

182 Views06 Jan 2026 09:55

Syndicated

SUMMARY

These are pre-tax returns in EUR (my base currency). And the actual tax bill in 2023 and 2024 was—and should remain for 2025—small, thanks to Croatia’s favorable capital gains rules (12% on capital gains and dividends, 0% after holding a stock for over two years, and no wash-sale rules).
With 2026 ahead of me, I wanted to reflect on my investing strategy—if you can even call it that. A quick caveat first: while a 37% CAGR over three years is something I’m happy with, three years of public performance obviously doesn’t qualify me to give advice, so please don’t treat this as such.
This is simply one guy writing things down, to look back in ten years and see how much he’s changed and, hopefully, improved.

Try Now

Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:

Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.

Upgrade later to our paid plans for full-access.

SMARTKARMA PREVIEW PASS

By signing up, you agree to our
Terms of Use and Privacy Policy.

Already have an account? Sign In Now

Discussions

(Paid Plans Only)

Price Chart(Sign Up to Access)

Insight Stream