I recently finished “reading” (it was a audiobook 😊) Rich Dad, Poor Dad by Robert T. Kiyosaki and was positively influenced. The book is an “easy read” / “easy listen” and compiles some easy lessons that are applicable for most. In this book Mr. Kiyosaki tells a story of two father figures he had in […]
One of the metrics that many financial FIRE Bloggers use to keep track of one’s financials is the so-called savings rate. The savings rate is a simple ratio that expresses how much of one’s income is put away for retirement. Our family has always been frugal, we always put money away for the future, but […]
It’s important to set goals, but it is just as important to track the progress to the goals on a regular basis. I have posted about our financial goals for 2020 at the beginning of the year and want to take a few minutes to see how we are doing so far. Add at least […]
Another three months have passed since the last quarterly update. With Coronavirus in full effect in America, I have decided to keep any additional investment cash earmarked for stocks in cash. It seems like the stock markets especially the S&P 500 has been too bullish, probably propped up by the U.S. Treasury. So I am […]
As a blogger -slash- human, I have the tendency to portray myself in a better light than I really am. Please know, I am a very faulty person. I too make mistakes, a lot! So without further ado, here is one of my biggest investing mistake. Emotions = Bad Emotions are a good thing, don’t […]
My dad is turning 64 this year and he has asked me to accompany him to some pension planning meetings, that he set up with his financial / retirement planner . I of course said yes. It is a good opportunity to help my dad ask the right questions, and to see how the Swiss […]
I have said it before and I will say it again. I was spared from losses in the 2020 coronavirus pandemic induced market crash. As noted here and here. Short summary: I was in the middle of a broker switch from VZ Vermögenszentrum to VIAC, when the market started to go down. It was complete […]
As a husband and father of four kids with a demanding job; my time is limited and precious. This has become again clear to me lately. But it made me think of the following: What are the resources at my disposal? Other than time the next obvious resource is money. Money is limited and also […]
Three months have passed since the last quarterly update. Boy, was this an exciting quarter. The Coronavirus Pandemic had an impact on pretty much everybodies lifes. It has dominated the media and sent stock markets into a tailspin. As outlined in my first quarterly update, I want to keep track of my portfolio holdings in […]
Confession time: I have been greedy and blind-sided, but I have been spared from bigger losses, because frankly I just had more luck than sense. Short backstory Over the last eight years or so I have been increasingly blinded by the profit opportunities that the stocks and index ETF can bring. Even though I talk […]