While the joke may have been in questionable taste ā good jokes often are ā spending more than one can afford and getting oneself into financial trouble isnāt anyoneās fault but the spenderās.
I deleted a couple of posts that resorted to personal attacks. Please remember to keep things civil.
It was just an April Foolās joke guys, and a pretty apt one at that if you ask me. It got me fooled for a second, too.
To paraphrase Ricky Gervais, make sure you donāt mistake the subject of a joke with the target of said jokeā¦
It was a great jokeā¦in good taste actually.
Portugal GV is a one-way tunnel with no exit. Once u enter, there is neither a way out going forward nor a way out making u-turn.
It is like that submersible Titan. Once u hop on the ride with all the fanfare; there is one long eternal descent, looming darkness, bleak prospects and an abyss of misfortune staring back at you.
Exact description.
Journey of no return.
Spiral without exit.
black hole.
I could sell my investment at any point and cut my losses if I so choose
If you invested in something you canāt do that with thatās not on the GV program or Portugal
True, but everything else is on ARI, PT, and the surrounding ecosystem.
Lets also not pretend that real estate in PT ā by far the most popular GV pathway ā is necessarily quick or cheap to liquidate.
The keyword here is ālossesā. It is not even like financial markets where u can at least book them at your convenience.
Sounds like a pro traderā¦
Well, currently I have quite a lot of gains. āCut your lossesā is an expression
I respect othersā decisions to invest their money however they felt like investing it. I donāt see the need to badger everyone twice a week about why my investment is the only acceptable and logical choice.
If thatās at me thatās certainly not my intent. Iām just sick of the whining about the process being slow or inherently trapping your money.
If I say Iām sick of people telling other people to stop complaining, can we cancel each other out?!
Idle Question - in theory can you extract your gains from a portfolio investment (like real estate rent) and only keep the base capital intact (without affecting GV requirements ) during the 5 to whatever years of residence. Or do the funds generally prevent that
So with the formation of the new Portuguese government, will there be a new minister overseeing the work of AIMA? I know its a coalition government between center-left and center-right, but any reason to hope a center-right minister might be put in charge, that might undo the de-prioritization of Golden Visa applications? Sigh, hope springs eternal i guess;)
My lawyer said AIMA will start using a.i. for anaysisā¦ Will make the procesd fasterā¦
I will believe it AFTER they report results.
They will use AI to analyse. Then AIMA will check and verify results from AI again. In total itās going to take more times than before. It is a good way to burn out public budget and still keep their jobs.
What if we (GV applicants awaiting pre-approvals) prepared a letter to AIMA asking for clarity on expected timelines for pre-approvals ; I was thinking about something like a petition where a 100 persons for example will sign a common letter. Do you think that it is feasible?
What I was told by my lawyer and banker is that if your fund gives you dividends, you can take it out. But the initial amount cannot be touched. You dont have to top up if the value goes down, nor can you take out if it goes up.
The funds can distribute profit. This is what our fund plans to do once the underlying investments have been sold. Only the original capital invested needs to stay in the fund.