I have recently ordered a few more non-fiction books, and I have just finished The Simple Path To Wealth. This book was on my reading list for a very long time.
The Simple Path To Wealth, by Jim L. Collins, is about investing simply to amass enough money to reach Financial Independence. The entire focus of the book is to keep investing as simple as possible. And it is something done quite well.
In this article, I share my review of The Simple Path To Wealth, what I liked, and what I did like.
I have recently read a recommendation to invest only once a quarter instead of more frequently. I think investing every quarter is bad advice and I want to explain why in this article.
As I have a lot of data on my hands, I figured the best way to provide it would be to run simulations. And so I did!
In this article, I will show you why you should invest every month and not less frequently than that.
Continue reading “You should invest every month not every quarter”
November 2020 is over, and it was another of these 2020 months. Nothing much happened during this month because we could not see many people and several things were canceled.
At least, we are both healthy. And this was the last month before we move to the new house. We are really looking forward to that. This will keep us occupied! And this will keep our mind off this boring virus.
We still had to buy quite a few things this month for the new house. But we now have everything we need except for the summer things. We spent much more than I anticipated.
So, let’s see what happened to us in November 2020 and the state of our finances.
Continue reading “November 2020 – An uneventful yet expensive month”
I just finished reading Free by 40 in Switzerland, a book about financial independence, in Switzerland, by fellow blogger Mr. Mustachian Post, alias Marc Pittet. Mr. MP was kind enough to send me a version that I could review before the release date. So I can have this review ready now that the book is available!
Free by 40 in Switzerland will go over how to retire by the age of 40 in Switzerland. It covers how to reduce your expenses, increase your income, and invest your savings. And all this is directly tied to Switzerland.
It should not matter much, but I have to say that I have read the French version. But the English version should be similar, and both are available for sale now (the German version will arrive later).
During your financial life, you will go through several stages of wealth. Maybe you have already crossed several of them, or maybe you are at the first stage of wealth.
Regardless of where you are, it is important to know what is ahead and prepare for your future stages of wealth. There are many things you can do to prepare your future financial stages.
In this article, I will talk about the 4 main stages of wealth and what you can do to live better through all of them.
A credit card is a powerful personal finance tool. But it is only a good tool if used correctly. And unfortunately, many people are not using credit cards correctly.
The first important thing is to choose a card with no annual fee. You should focus on that first. Contrary to what credit card companies want you to believe, it is often better to get a credit card with no fee and smaller cashback than an expensive card with a lot of cashback. The important thing is to do your research and compare it with your actual credit card spending.
I am going to assume that you carry no credit card debt and always your balance in full. Otherwise, it is an entirely different issue!
Let’s explore the different credit card options that are available in Switzerland.
Continue reading “What is The Best Credit card in Switzerland for 2021?”
Recently, I had the pleasure of interviewing Beat Bühlmann, the CEO of finpension. I hope you will like this interview as much as the other interviews I have made in the past on this blog.
finpension is the company behind the best vested benefits account in Switzerland: valuepension. And they recently launched their third pillar offer: finpension 3a. And finpension 3a looks amazing.
All these products are fully digital and are focusing on low costs and high investment in stocks. This is exactly what I recommend on this blog. So I quite like their offers!
Several of my readers asked that I interview the CEO of finpension to learn more from him. So, let’s hear what Beat Bühlmann, CEO of finpension, has to say!
Continue reading “Interview of Beat Bühlmann – CEO of finpension”
CSX is a new digital bank account by Credit Suisse. They have just started this new offer in 2020. And this account is much cheaper than the standard Credit Suisse accounts. The CSX bank account can even be free if used correctly.
Interestingly, even large Swiss banks are jumping on the digital bank account wagon. This is a good trend if that allows people to pay lower fees for their bank accounts.
In this article, I will review the CSX bank account in-depth and compare CSX with other digital bank accounts.
Continue reading “CSX Review 2021 – Digital Bank account by Credit Suisse”
When you plan on living on your investments, you need to consider the safety of these investments. Some of them will be in your retirement accounts. But the bulk of your investments will be in your broker account.
So, what happens if your broker goes bankrupt? Are we going to lose everything?
In this article, we will see in detail what happens to our securities if a broker goes bankrupt.
Continue reading “Broker Bankruptcy: What happens to your investments?”
Diversification is often called the only free lunch in investing. It is a great way to reduce the volatility of a portfolio and sometimes increase its returns. You want to avoid having all your eggs in one basket. So, instead, you are going to use many baskets.
The idea of diversification is mostly to invest in many companies and many countries. But there are other forms of diversification that we are going to see in this article. And we are also going to discuss the limits of diversification.
Continue reading “Diversification is important – Free lunch in Investing”
