The Ultimate Guide to Investing in Stocks in Denmark

I'll tell you all you need to know about investing in ETFs, stocks and cryptocurrencies in Denmark.
🌏 I updated this video for 2022: • Investing in Stocks in...
🧭 My Free Investing in Denmark Course - bit.ly/investingfree
❤️ Subscribe to the Channel: www.youtube.com/@MarioScianHQ...
MY BEST RECOMMENDATIONS:
💰 My Free Course: How to Build an Online Business in Denmark - bit.ly/Msonlinebusiness
📈 The Investing in Denmark Platform I Use (It's Free) - Nordnet: bit.ly/msnordnet
🔐 Get 10 kr Off With My Recommended Home Insurance - bit.ly/msundoinsurance
🧳 The Unemployment Insurance I Use (Best for Expats) - bit.ly/msakasse
📚 How I Remember What I Read - I LOVE This: bit.ly/msreadwise
💬 GREAT Online 1-to-1 Danish Classes: bit.ly/msitalki
BE MY FRIEND:
🌍 My Website - www.marioscian.com
📸 Instagram - / marioscian
🐦 Twitter - / marioscian
🗺 READ MY 40+ PAGE FREE GUIDE ON BUYING A HOUSE IN DENMARK:
www.marioscian.com/guide
00:00 Intro
1:35 My Investing Rules
3:10 Taxes in Denmark
5:15 My Asset Allocation
8:25 My Investing Tools & Picks
18:15 Outro

[@EmmanouilPsaradakis]

Thank you very much, Mario 👌

[@BB_0404]

Yes please, more videos like this!

[@lijojake]

Thanks for sharing your knowledge.

[@juanmanuelroldan1680]

Great videos Marios thanks! Do you have any recommendations on where to check the performance of stocks/companies? I have used "GO Banking rates" but I am not sure if that is the place to go. I will appreciate if you can share some names. Cheers!

[@MarioScianHQ]

You can just google the stock pick (e.g TSLA) and get graphs with the key information and stock performance. Then if you buy indexes you can see the performance on your investment app e.g. I do in Nordnet.

[@InesRLB]

Thank you for the video!! It is so great to have you on that side clarifying the investment experience in DK. From what I understood BlockFi will pay interest on my USDC account montly, and one can choose in which currency (i chose in BTC). The BTC gainned through interest is then automatically added to my current BTC account in BlockFi which is also gaining interest. But I am starting to be worried about how to declare all of these movements and interests to Skat. Do I only need to do declare when retrieving the money back to my DK account? Plus, can you explain how to fill the taxes in case of crypto and stock investments through Revolut? All the best! And enjoy the danish summer weather!

[@MarioScianHQ]

Good question! My suggestion for crypto is to just document everything: when you bought, what price, which exchange, when you sell (if you sell), what interest/yield you get, etc. Then you have all that in place when you need to align with skat. But otherwise I don't know the specifics yet for e.g. BlockFi. I heard that the government is looking to update the crypto rules later this year, that should help clarify.

[@InesRLB]

@@MarioScianHQ thanks Mario. I have kept all data so hopefully I will be able to have an open conversation with Skat. I just feel that this is also very confusing for them. Let's wait and see how the new rules play a role on investment selection. Keep up the good work.

[@Knemoy]

Any knowledge or advice on June (Danske Bank’s platform)? Btw, these videos are great-thanks for sharing!

[@MarioScianHQ]

I think it's not worth it -- every time you get "investing experts" to weigh in our your picks you end up leaving money on the table and in almost every time going with indexes you beat their results over the medium or long term. But I haven't really researched much about it so can't tell for sure.

[@iBrows1]

Hi Mario, Love the channel and looking forward to more videos. What is your take on having an emergency fund living in Denmark? Do you have one and if yes, on what scale? I can't decide on how important I think it is to have a couple of months worth of expenses in cash when I already pay A-kasse and plan to invest a lot in index funds which could also rather quickly be turned into cash in case of an emergency. I'm curious to hear how you view this.

[@MarioScianHQ]

I rather always have cash in hand -- 50Kish, maybe more? Even if stocks are very liquid, you don't want to have to sell on a rush. First, in case of an emergency, but also in case e.g. there's an incredible opportunity to buy something and you need the liquidity. It doesn't hurt.

[@iBrows1]

​@@MarioScianHQ 50k cash sounds reasonable. Some people recommend 3-6 months worth of expenses, but I think that is overkill in Denmark.

[@viktorbalaz9848]

Hello Mario, you have wrote in your description that you will talk about ETFs. Correct me if I am wrong but you only mentioned investing in index funds. As I understand it, these two are different. Could you explain? Thanks Viktor

[@MarioScianHQ]

You've a good point -- As far as I understand, ETFs and Indexes are different only in the way they are taxed. I've it on my to-do list to further investigate this and make a video about it.

[@andreibeniaminene6337]

Hello! Could you make a video about reporting the taxes to skat for the crypto trades? Like wich boxes need to be filled and so on? Thank you!

[@MarioScianHQ]

I'll add that to a future Q&A Video :)

[@Sam-fp8zm]

Im in Australia but intend to buy EDEN- a US based Denmark index fund. Reason being Denmark is largley proestant country and this is the key factor to economic growth (see The Protestant Ethic and the Spirit of Capitalism). This is why US economy has been going so well for 200 years (avg 7.7% annual ROI with dividends reinvested)

[@alkastp5483]

Thanks for that! What is your opinion about Saxo Bank?

[@alainkovacs2007]

I am curious as well, maybe a comparison between the two. I personally use Saxo and I like it, I have not tried Nordnet though and I would like to split for example stocks in saxo and ETF/IF in Nordnet. Thanks!

[@MarioScianHQ]

I have not used Saxo myself - so can't say. Would need to check fees, skat connection and if it has a månedsopsparing analog. It's not that Nordnet is that special anyway 😀

[@alinapasina]

Hello Mario! Thank you for the useful information. When you were talking about Index Funds in Denmark, in the video "Investing in Denmark - Ultimate Guide to Optimizing Taxes" you mentioned that Index funds are accumulated funds and that regarding taxes it falls under Lagerprincippet-which means you will be taxed annually based on your gains. In this video, it seems like you say index are under Realisationprincippet - so you pay tax only when you sell it, based on the gains. Could you please clarify that? Thank you!

[@MarioScianHQ]

Hi Alina -- For index funds, it depends on whether they're paying dividends or not. If they pay dividends (like the Sparindex in this video) they pay Realisation, and if they don't pay dividends (e.g. iShares) they pay Lager.

[@alinapasina]

@@MarioScianHQ Got it! Thank you once again!

[@user-bt6le7yw8r]

@@alinapasina I am in the Scandic Pay financing company. Do you have any idea about the subject?

[@nielsleidecker2274]

Hi Mario, Just started subscribing to your channel. Absolutely fantastic and straight forward advice. A question though. Do you have any thoughts or experiences with EToro as investment platform?

[@MarioScianHQ]

Thanks for the sub! I haven't used eToro. But I know a bit about it, and think the idea of "following" investors was good and it's a good one-stop shop (e.g. I think you can buy crypto too).

[@justonedime1222]

Why not try something new, I think this is the right time to invest in the future, and I have something bit i will love to introduce you to okay, feel free to asked

[@justonedime1222]

🕊. Jeff group

[@ningtan8150]

Hi Mario, again great video. Question: how do you know if it is a danish based ETF or it is a foreign ETF?

[@MarioScianHQ]

Danish are the Sparindex, Saxo, Danske Invest, etc. I don't know of a full list but you can Google the specific index.

[@elsasofiareis8985]

@@MarioScianHQ But are danish ETF investing in global markets (EU or USA) also? Or danish ETF only invest in denmark?

[@1amJP]

@@elsasofiareis8985 You might want to check where the fund is domiciled. That is where fund's holding company is legally incorporated (typically where the funds is administrated and managed from) In the case of Sparindex, Saco, Danske Invest they are more likely than not Denmark since they serve primarily Danish investors. It's useful to know that all funds that are compliant with European law usually include UCITs in their name and they will have a KIID (Key Investor Information Document). You can check where the fund is domiciled there ; ). As Mario suggested, Google is your best friend. Happy investing.

[@smartinvader111]

very useful and interesting videos! if somone has good amount of savings in Denmark and dont have own house, should he buy a studio/small apartment in a smaller city and get some income from it and buy a house ( with only 5% of mandatory downpayment) by taking a loan from bank? or pay all savings to as downpayment for the house and loan a smaller amount from bank? what would you suggest? Thanks!

[@MarioScianHQ]

Buy to rent is not ideal per taxes IMO, I rather buy to live

[@Knemoy]

Hi Mario, when you say that you pay anual tax even if you don't sell... that's for Stocks & ETFs as well, or only for bonds, etc?

[@MarioScianHQ]

For most non-Danish ETFs you need to pay taxes on unrealized gains. For stocks no.

[@90Piero90]

Hi Mario - thanks for this and many other videos on your channel, always very useful. Let me ask you - how does it work with the 56k krone threshold between the lower and higher tax rates - I assume it is 27% up to 56k cumulative on all capital gains annually? Is that it?

[@MarioScianHQ]

Yes - You pay 27% on the first 56K gains and any gains on top of that you pay 42% (soon rising to 45%)

[@90Piero90]

@@MarioScianHQ thanks!

[@90Piero90]

keep up the good work!

[@domitillabiagini]

Hi Mario, is it possible to invest the same index funds using Nordnet in a aktiesparekonto and in a månedsopsparing? I tried to look in the funds list of my aktiesparekonto for the index funds you mention in this video, anyway I couldn't find any. Or could you also share what you invest in a aktiesparekonto? Thank you!

[@MarioScianHQ]

Yes, you can invest on the same funds in both accounts. I'll make a video shortly on what I'm investing right now so stay in the loop!

[@domitillabiagini]

@@MarioScianHQ Amazing, thank you so much! 🙏🏼☺️

[@Dexterprog]

Hay forma de contactarte para hacer unas preguntas? Estoy siguendo la guía de FEderico Sasdelli y tu guía, pero me hace ruido el tax en unrealized gains de ETFs extranjeros (los más interesantes), pero vos mencionás ETFs que no te taxean por unrealized gains y no encuentro eso en la guía de Federico. Aparte me gustaría hacerte otras consultas del tema de taxes en inversiones

[@MarioScianHQ]

Hey - No tengo tiempo para 1-1s. Podes fijarte mi curso de inversion que toca todo en detalles (via email gratis o el mas completo pago). Los "Udbyttebetalende ETFs" no pagan unrealized gains directamente (si indirectamente).

[@Dexterprog]

@@MarioScianHQ no sabía que tenías cursos pagos. Encontré tu web nueva pero no veo el curso gratuito vía email. Donde estaría?

[@MarioScianHQ]

www.marioscian.com/investing (es por email)

[@lyricsforyou9629]

Hi there are there any websites where i can anaylze company financial ratios here in denmark?

[@MarioScianHQ]

Nordnet has some options for this

[@santoshthapamagar6106]

Very informative video. Quick question- Can non-eu students buy and sell stocks/crypto in Denmark? I couldn't find this anywhere.

[@MarioScianHQ]

I would expect you could? Try to open a Coinbase account and see how it goes?

[@santoshthapamagar6106]

@@MarioScianHQ Yeah sure!! Thanks :)

[@NicolasKaniak]

is the tax to stocks the same (regardless of the country of origin of the stock)?

[@MarioScianHQ]

Yes for stocks

[@MarioScianHQ]

🌏 How to Pay Less in Taxes - Investing in Denmark: kzbin.info/www/bejne/aX-3dZqJgtClmpo

[@1amJP]

Hi Mario! Absolutely loving the investment videos! It's been a while since I visited your corner and I am overjoyed to see so much more valuable content! As always, thanks for sharing your journey. Production quality is really a step above👏! I still can't wrap my head around the eye watering taxes on unrealized, accrued capital gains. It's almost like people that pay taxes in Denmark are being nudged to NOT invest in securities or accumulating funds. Alas making lemonade when life throws you lemons is the only sensible thing to do. Turns out all those "freebies" need to be financed somehow. Go figure!

[@MarioScianHQ]

Thanks! I feel the same on the taxes. There's a point where it just doesn't make any financial sense at all to live in Denmark.

[@1amJP]

@@MarioScianHQ I am going to make a public confession. My yankee alter ego is feeling slightly disgusted. My overall experience with public institutions has been quite pleasing and I am starting to enjoy paying taxes. Looking forward to the next video drop!

[@anaivan8143]

Would one not pay taxes on the gains on BlockFI? What about let's say 15 years down the line?

[@MarioScianHQ]

Yes, you pay taxes on the gains every year

[@katyyang5565]

TSMC :)

[@Dexterprog]

Awesome video man, I subscribed! Any words on Saxo Bank and their brokarage accounts? I read this is one of the biggest brokers in the world, surely there's gotta be some advantage by working with them while living in DK

[@MarioScianHQ]

Thanks a lot! I tried Saxo and personally don't like the user interface. (Many say the same, especially on mobile). But it has lower fees vs. Nordnet so if you're a more active trader it's a better option.

[@Dexterprog]

@@MarioScianHQ me acabo de dar cuenta que sos argentino también :D

[@lovrosikiric9561]

What if I have trading212 account, less than 56k krunas on it, and I dont sell, do I get taxed?

[@MarioScianHQ]

If it’s stocks e.g. Tesla you don’t. Unless that platform has an aktiesparkonto but doesn’t sound like it.

[@lovrosikiric9561]

@@MarioScianHQ Thank you man! And if I want to pay out, it will be taxed with danish tax rules, even though I came to study here from Croatia? My citizenship is Croatian, but I have a Danish CPR since I study here.

[@MarioScianHQ]

If you're a tax resident in DK you should be taxed here.

[@user-bt6le7yw8r]

Hello Scandic Pay Finance Is there anything in the company or is there an update? Please respond to that because I am very worried

[@MarioScianHQ]

I’ve no idea about that sorry

[@user-bt6le7yw8r]

Is a company in the event of an update Scandic Pay Financing Company

[@jitapriyadas9601]

Although I love Revolut, I do not use the app as a stock trading platform. Since I have a basic account, only one transaction is free. Of course using Revolut makes sense, if for some reason one has a premium account or only invests in one stock every month. Otherwise, I think Trading 212 is a much better platform for stock investment (zero brokerage fee). I would have personally preferred Saxo (primarily because I do not need to do my tax return) but if you are investing small amounts every month the brokerage fee quickly adds up.

[@MarioScianHQ]

You've a good point -- Revolut used to allow 3 investments (vs. 1) when I shot the video. They changed not long ago. The fees are still low, and if you consider the FX-angle is still a good deal in my opinion. I think Saxo's UI is horrible, hence I don't use it but the fees are competitive!

[@michellegordon6279]

Do you have any thoughts on a low risk investment strategy that could outperform the mortgage type where you are only paying interest for first 10 years (as you recommend in your other videos?). In other countries I'd think a fixed income bond could be a safe choice, but not sure in the Danish context - do you have any thoughts on this? I'm a new investor and potential apartment buyer that is researching options. I've been offered by the bank afdragsfrit obligationslån at ÅOP 2,5 so I'm trying to find an investment strategy where it could be worth taking this. ps. love your content and videos! SUPER helpful, thanks so much :)

[@MarioScianHQ]

Thank you! Watch out for a video on the no-repayments loans in the next month or so. I've it scripted, just need to film it, etc. But to make it short the index strategy has overperformed the 2,5% or so by quite a lot - e.g. this year SP500 is up by 18% up to now.

[@michellegordon6279]

@@MarioScianHQ Thanks for this tip! Yes I'd love to see that video when you make it, I will keep an eye out for it. I suppose the index strategy does come with a degree of risk, I've tried looking into fixed income investments like government bonds, but it doesn't seem like they've been doing well enough to outperform 2,5.

[@nachoruiz7871]

@@michellegordon6279 the best you can do is the 4 index funds approach. 1 index of a nation big companies, 1 (optional) of a specific sector of such country, 1 international index, and 1 national bond index. Bond tend outperform stock index funds when they have nagetive ratio. Hence, you just need to invest in them when they are "cheap", and rebalance after they come back in terms again. For this, always allocate a percentage equal to your age in bonds, and the rest to the stock's indexes. By doing this, you will outperform 75% of the finance bros in the medium run. I recommend the book "Millionaire Teacher" from Andrew Halland to further learn about this.