How often should you withdraw money from your portfolio?

Financial Independence

I have recently done simulations of how often you should invest to maximize your gains. And I thought that it would also be interesting to simulate how often we should withdraw money from the portfolio while in retirement.

If you are retired and living from your portfolio, you will have to withdraw money from the portfolio to pay for your expenses. For this, you have to sell shares and use the proceeds to live.

But how often should you do that? Does it even matter (hint: it does!)? This is what we are going to see in this article. I am going to use historical to simulate different withdrawal frequencies for different Safe Withdrawal Rates.

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Yapeal Review 2021 – New Swiss Digital Bank

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Yapeal is a very recent digital bank that was introduced to the public in 2020. They are the first bank of Switzerland to have a Fintech banking license.

Yapeal is advertised as the next generation of banking with many features and straightforward onboarding. They have a free tier, but several of their features are not free.

In this review, we are going to see exactly what is Yapeal: its features, its price, its advantages and disadvantages, and much more!

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Your FI Number – How much do you need to retire?

Financial Independence

We have already covered a lot on the subject of Financial Independence (FI). However, we need to go into more detail about the FI Number. Your FI Number is an essential Personal Finance Metric.

Your FI number will tell you how much money you need to be financially independent or retire. It is essential to know this number precisely if you want to see where you stand in your journey towards Financial Freedom. It sounds straightforward. But it is not as simple as it looks.

If you want an accurate view of your FI number, you need to estimate how your expenses will be once you are financially independent. And you also need to consider your future income. There is also a second more straightforward strategy where you only consider your current expenses. We are going to see all of that and more!

This article will cover in detail how to calculate your Financial Independence (FI) number.

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Frugality is personal – Spend based on your needs

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These last few years, we have not spent a lot of money. Both me and Mrs. The Poor Swiss have been quite frugal. We try to spend less to grow our wealth faster.

Every month we are sharing our level of expenses. But this is not to show that people should spend as we do. We do this to keep us accountable. There is no reason for everybody to spend the same. In fact, spending is a personal matter and will depend on many personal factors.

We would not be comfortable spending as much as some people. And many people would not be comfortable spending as little as we do! And this is fine!

In this article, I want to discuss different levels of spending and reasons why some people may spend less or more than others.

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March 2021 – Splurging the bonus

Monthly

March 2021 was not a very special month. We could see some friends and family, which is always good. But of course, everything has to be done in small groups, so we do more invitations than usual.

But there was no significant event during this month. It was a good month, though.

Financially, March is always the month I receive my bonus. So this adds a lot to the income. And it is generally the best month of the year in terms of savings rate. This month, we managed to save 78% of our income.

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Introduction to short selling: How to bet against a stock?

Investing

Many of you have probably heard of the Gamestop saga. A lot of hedge funds were short selling Gamestop stocks. And some investors found out about that and decided to fight against the big hedge funds by massively buying into this stock.

But what is shorting a stock? When you are shorting a stock, you are betting against this stock. But why and how to do that?

Even though I am not a short seller, I think it is interesting to learn about this. And I know many of my readers are interested in some more advanced investing techniques. So, let’s delve into short selling!

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The Three Axes of Personal Finance

Earn, Financial Independence, Investing

There are three main axes of personal finance: your expenses, your income, and investing. These axes are the ones on which you can work to improve your personal finance.

In the end, you want to improve your wealth or improve your state of living. Whether you want to retire early or afford an expensive vacation to Hawaii, you can work on these three axes.

In this article, we will see what you can do to improve your financial situation by using the three axes of personal finance.

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What is the best Swiss broker in 2021?

Investing

When you want to invest in the stock market, you need a broker account. And many Swiss investors only feel comfortable having a broker from Switzerland, or at least a broker with an office in Switzerland.

So, we need to compare these Swiss brokers and see which one is the best to invest in the stock market for a Swiss investor.

In this article, I will compare five Swiss brokers with different scenarios and see which one is the best (the cheapest!).

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Best places to buy second-hand in Switzerland

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When you want to save money on something, buying it second-hand may be a great way to pay less! Over the years, I have bought many things second-hand, and I could save a lot of money by doing so.

But the question remains as to where to find second-hand items to buy. In this article, I will go over the best places to buy second-hand items in Switzerland. Some places are online, while other places are brick-and-mortar shops.

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How to work out at home for free in 2021

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Until COVID-19 started in Europe in 2020, I was going to the gym regularly to work out. But when I started working from home, I completely gave up on working out. This is definitely not ideal for my health.

In 2021, I decided to start working out at home. And I found out that this was actually easier than I expected. You can start working out with very little equipment (even zero if you want). And you can actually save a lot of money by doing so.

In this article, I will go over a few ways to work out at home for free.

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