The Bogleheads Guide to Investing – Book Review

Investing

Here is another book review of an investing book. The BogleHeads Guide to Investing is the second book I read in my way to personal finance enlightenment. This book is written by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf.

This book is a complete guide about personal investing, how to save money, and how to invest it. I think it is an excellent book, well-written and full of excellent advice. The book is full of quotes from other financial figures and uses facts to support every argument.

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Goals for 2018 – Reaching for FI

Investing, Save

For the first year in my life, I am gonna try to set clear goals for this year! I have set up a nice spreadsheet for my goals for this year (credits to retirebyforty for the spreadsheets idea):

My 2018 Goals

I have tried to not set goals that are too high but still strive for better than this year. Since it is the first year I am setting goals like this, I do not want to be over-optimistic. This is my first attempt at setting yearly goals, so maybe I will add new goals during the year, but I will not remove any goal nor downsize any goal.

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The Little Book of Common Sense Investing – Book Review

Investing

Since I started to pay closer attention to my finance, I have read a few books about investing and finance. I am going to review them on this blog. I am going to explain what the book is about and also what I liked about the book. And of course, what I did not like about it.

The first book I have read is “The little book of Common Sense Investing”, by John C. Bogle. It is coming from the founder and former CEO of the Vanguard Mutual Fund Group. John Bogle is a great man and the creator of the first index fund. A lot of people in the Bogleheads community are recommending this book, so I decided to give it a try.

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December 2017 Update + 2018 perspectives

Monthly

Happy new year to you all!

Now that we started in 2018, it is time for the last monthly update of 2017. After a rather poor November 2017, December 2017 is significantly better. I have been able to keep my spendings lower than usual. It was not a very eventful month. Except of course for the usual Christmas celebrations. I always spend Christmas with my family and it was great :)

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November 2017 Update

Monthly

November 2017 is over, it is time for another monthly update. After a bad October 2017, I have seen some improvements.

November 2017 was not bad in terms of savings, but it was a bit lower than I was expecting. The savings rate for the month is 14.25%. It is not perfect, but still better than last month. My goal is to go to 25%.

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How to Open a DEGIRO account and start trading

Investing

Having decided to start investing in Exchange Traded Funds (ETFs), I needed a broker account. I decided to open a DEGIRO account. In this post, I am going to go over the reasons for this choice and over how to open a DEGIRO account and start trading.

DEGIRO is a cheap broker for European people. It is well priced and offers a great choice of investment products.

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The Poor Swiss blog

Blogging

Welcome to The Poor Swiss blog :)

If you arrived here through The Blog Archives, you have now reached the very first post from The Poor Swiss blog. On the other hand, if you are just starting reading through my posts, you can take a look at my Introduction for New Readers.

This is the first post on the blog The Poor Swiss. On this blog, I talk about many subjects:

  • Financial Independence: Learn how to become free with your money!
  • Investing: How to invest your money to get more income.
  • Budget: How to account for your expenses and earnings and track your performance.
  • Frugality: How to save money on your expenses.
  • And many more subjects!

The year I created this blog, in 2017, my savings were getting worse and worse every month. This was due to many big expenses such as plane tickets and unexpected health care. But this made me realize that I am not saving enough at all. Although I have a good salary and live quite well, I have a tendency to spend too much.

In 2016, my savings rate was around 18%. This is not really bad. But still lower than I would have liked. But in 2017, my savings rate is down to around 7%. This is way too low and made me realize that my expenses are way too high. Moreover, the last two months have been negative months although not by a long shot. This month is also likely to end up being negative. Given my salary, I should easily be able to save at least 25% of my income each month.

Since this point, I started reading many personal finance blogs and websites. I have learned a lot of things about investments and spending. In the coming months, I plan to put these lessons to work. My main change now will be to reduce my spending. I will then continue to learn about investments and I will try to put my money to work. For now, I did not start investing at all. But I plan to fix this. I believe it is important to start improving the budget first before starting to focus on investment.

For some context, I am a 31 years old software programmer. I just finished my Ph.D. in Computer Science and I am still working in my school. I live in a small village in the countryside area of the Fribourg state, in Switzerland. Currently, I plan to stay in that area for many years. But I am hoping to find a better job next year once my contract with my school is finished.

My main goal with this blog is to motivate myself to improve my finances. But I am also going to write personal finance tips and in-depth analysis of some important investing topics. I am hoping that you will learn from my mistakes and improve your finances with me :)

And do not forget that I am not very good with my money, so do not follow everything I do. But you may try to learn from my mistakes. I am not a financial advisor. You should only take financial decisions after having consulted many points of view on the subject.