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I wrote down my personal mission statement

As a business student, one thing that is taught in class is the need for every company to have a clear mission statement. A mission statement might define the primary customer demographic or region or industry of the company, but more importantly it defines their unique reason of existence. A justification to be in business. […]

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That’s it! I am Switching to VIAC

I am so frustrated, just after I have been praising VZ for pointing out to me that I can invest up to 100% in stocks in your 3a pillar account, VZ approached me to tell me, that his colleague was misinformed, and that VZ has an policy that only allows their customers to have 80% […]

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Goals Post

Goals for 2020

Photo by Glen Carrie on Unsplash I have made it a habit to journal the financial goals for our family at the beginning of the year. To see earlier goals check out a summary post on our financial goals of the past years (2013-2018) or financial goals for 2019 What will be different in 2020 The year that […]

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How a decision in your 20s can add 1 million CHF to your retirement

Photo by Fabian Blank on Unsplash I talk a lot about the need for everybody that is a working individual in Switzerland to fully pay into the tax-advantaged 3a pillar account. In 2020, the maximum permissible amount to be paid in is 6’826 CHF. And the tax benefit can be somewhere between 900 – 2’300 CHF depending on […]

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Goals Post

Goals for 2019

I have made it a habit to journal the financial goals for our family at the beginning of the year. Before I set the goals for 2020, I wanted to look at how we did in 2019. To see earlier goals check out a summary post on our financial goals of the past years (2013-2018). […]

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What are ETFs?

Exchange-traded funds (ETF’s) are securities traded on stock exchanges, just like stocks. They usually try to replicate the performance indices such as the S&P 500 or the SMI index. They are usually not actively managed and therefore fairly cheap compared to other managed funds (for example mutual funds). ETF’s can be compared to a basket […]

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Goals Post

Financial Goals of the Past Years

I have made it a habit to journal the financial goals for our family at the beginning of the year. As a reminder of what we strive for financially in the year, and to keep myself accountable. Here the goals set since 2013: Goals for 2016 pay-in max amount to 3a pillar ✔️ (monthly 564 […]

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Portfolio Update – Q4 2019

I want to be transparent, but not foolish. I think it is good for me to keep track of the moves in portfolio holdings in order to keep myself and our family accountable, but without giving to much information out to the public. The goal will be to publish these updates on a quarterly basis, […]

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A warning for 2020

We are already in the third week of 2020, but it’s not too late to wish you a happy and blessed New Year! I am writing this quick update today to warn you about potential pitfalls when signing contracts, dating important letters or even (if you still do such a thing) signing checks. Write out […]

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An Introduction to the Swiss 3 Pillar System

Overview Switzerland’s three pillar system gives a broad financial safeguard for the retired Swiss population. The name  “three pillars” presumably stems from the phrase “three-legged stool”, which is used by  financial planners to describe the most common sources of retirement income: 1. Social Security, 2. Employee pension, 3. Personal Savings.  The first pillar is guaranteed […]