Blog

Swiss Deposit Insurance – When a Bank Bankrupts

We have talked a lot about Swiss Banks on this blog. But we have not yet talked in detail as to what happens to your money if one Swiss Bank defaults (bankrupts).

In that case, there is a special deposit insurance for the customers of the failed bank. Even though Swiss banks are reputed very safe, they are not infallible. It is essential for customers what would happen to their bank account balance if their bank goes bankrupt.

In this article, we will cover this deposit insurance in all its details and see what people can do about that.

Continue reading “Swiss Deposit Insurance – When a Bank Bankrupts”

12 Things I Love about Switzerland – Beautiful Country

Even though there are some things I dislike about Switzerland, I love living in Switzerland. In this post, I list the things I love about Switzerland.

There are 12 things on my love list! And there are not the only things I love about Switzerland. I have many more things I like about it than things I do not like.

Before you read what I love about Switzerland, you should be aware of my situation! You have to remember that I live in the Swiss countryside. I live in a tiny village. And I do not like cities. Some people like cities more than villages. But I would hate living in a town. I also enjoy hiking a lot, and I like being outside. This situation will be reflected in some things I like the most about Switzerland.

Below, you will find 12 things I love about Switzerland. They have almost nothing to do with money. And they are in no particular order.

Continue reading “12 Things I Love about Switzerland – Beautiful Country”

Should you have a home bias in your portfolio in 2020?

Many people use a home bias in their investing portfolio. These investors are allocating a large portion of their portfolio to domestic stocks. And this portion is not based on the size of their local stock market. But not every investor agrees on that strategy. And some people do not know what a home bias is.

So, in this article, I want to answer the question of whether investors should have a home bias in their portfolio. We are also going to look at existing research on the subject.

Continue reading “Should you have a home bias in your portfolio in 2020?”

Swiss Investors Will Lose Access to US-Domiciled ETFs in 2022

Since the beginning of 2019, Swiss investors cannot buy Exchanged Traded Funds (ETFs) domiciled in the United States from my previous broker, DEGIRO. This event is terrible news for Swiss investors.

This problem is due to new regulations that will come into play. These regulations already affected all European investors since 2018. But Switzerland was not affected before. We are going to see what changed. These issues are based on several European and Swiss laws. These laws are sad news for European investors and Swiss investors. I am not a legal expert at all. So this is only my interpretation of these laws. If I am wrong or I missed something, please let me know!

Normally, this should only come into effect in January 2022. But DEGIRO decided to implement this earlier, effectively cutting Swiss Investors from the best ETFs available. I have now switched to Interactive Brokers.

In this post, we are going to see why this is happening. And we are also going to see what are the different options for us. There are several possible solutions to this issue. But none of them is perfect, as we will see.

Continue reading “Swiss Investors Will Lose Access to US-Domiciled ETFs in 2022”

Third Year of Blogging – The Poor Swiss is 3 years old!

The Poor Swiss blog just turned three years old. It is difficult to believe it has already been three years since I started this blog.

I have done a lot of things on this blog in the last year. Some of these things paid off. Some did not. But I think the blog is in a much better place right now than one year ago, which is always a good sign. I hope you agree with me!

This article is a retrospective of this third year of blogging. I am going to share the numbers about this blog but also what went well and what did not go well.

Keep in mind that I am no blogging expert! I am just doing this on the side as a hobby.

Overall, the third year of blogging was excellent! I am happy with how it played out.

Continue reading “Third Year of Blogging – The Poor Swiss is 3 years old!”

Should you use currency hedging in your portfolio?

Recently, I have received many questions regarding currency hedging. More particularly, I have received questions about whether people should use currency-hedged ETFs.

Currency Hedging is a technique that tries to reduce currency risk when you are investing in foreign equities. In practice, it sounds great, but it has several disadvantages that many people do not know about.

So, should investors use currency-hedged ETFs? Or should they stick to the standard non-hedged ETFs?

Continue reading “Should you use currency hedging in your portfolio?”

September 2020 – More furniture!

It is time for my update for September 2020. It was a quiet month for us. But it was not quiet for our finances.

We continued to shop for furniture for the new house. We once again spent a lot of money on that category this month. And we also several smaller expenses that added up to our budget.

We still managed to save money this month. But we did not save nearly as much as we usually try to save.

Continue reading “September 2020 – More furniture!”

How many years until you can retire?

If you plan to retire early, it is important to know when you will be able to retire. We have already covered a lot of simple math about Financial Independence. But we have not yet covered how to know how long it will take you to retire (or to become Financially Independent).

In this article, we are going to cover the simple math behind Financial Independence and find out how long you will need before you can early!

Continue reading “How many years until you can retire?”