June 2021 – A warm and quiet month

June 2021 is already over. It went very fast! After the crappy weather of May, we finally got some better weather, although it was crazy hot. And then we went back to the crappy weather. But overall, it was a good month. We even had a nice short vacation in Thun.

Financially, it was an okay month, despite large expenses due to the vacations, the blog, and some shopping for the house. Overall, we still managed to save 53% of our income this month.

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Add some margin of safety to your FIRE plan

If you plan to retire early based on a withdrawal rate strategy, you base your FIRE plan on historical data. So, what would happen if the future is very different from the past?

We obviously cannot predict the future. So, what can we do? We can improve our FIRE plan with some margin of safety!

In this article, we will see several ways of adding some margin of safety into your FIRE planning.

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Inyova Review 2021 (Was Yova) – Pros and Cons

Inyova is a Swiss Robo-Advisor that focuses on impact investing. You may know it under the name Yova that was its previous name until June 2021.

The main idea is to invest to make the world better. So not only will you get good returns for your investment, but your money will work to improve the world.

But how does Inyova compare with other Robo-Advisor, and how much does it cost? That is what we are going to find out in this complete Yova review.

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PostFinance Bank Review 2021 – Pros & Cons

PostFinance is the bank of the Swiss Post. It is one of the largest banks in Switzerland. But is it any good?

I am going to answer this question in this article. I will look into the bank services of PostFinance in detail and see the advantages and disadvantages of this bank. They have changed many things recently with their banking packages and how they handle negative interest rates. All these changes will be included in my review.

By the end of the article, you will know whether you should use PostFinance or not.

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How to choose a Safe Withdrawal Rate?

Your Safe Withdrawal Rate (SWR) is an essential component of your retirement planning if you plan to retire based on your investment portfolio. We have already talked at length about this method of retirement, the essence of the Financial Independence and Retire Early (FIRE) movement.

But we have not talked in-depth about how to choose a Safe Withdrawal Rate for your situation. No SWR would fit every situation. And while there are some rules of thumb, it is still something you have to decide for yourself.

So, by the end of this step-by-step guide, you should know how to choose your Safe Withdrawal Rate.

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Financial advisors – Do not get ripped off

I have already mentioned financial advisors on this blog and my dislike of them. But I have not yet delved into the subject. It is essential to realize the dangers of financial advisors.

Most financial advisors do not have your interest at heart, but theirs! This is the main issue with financial advisors. Most are biased. And this bias can cost you a lot of money in the long term.

And there are other issues with financial advisors as well. So, in this article, we are going to delve into the problems with financial advisors.

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Is inflation in Switzerland really that low?

In 2020, inflation in Switzerland was negative, at -0.7%. It means that, on average, consumer prices have decreased in the year 2020. So, life has become cheaper in Switzerland.

But is life in Switzerland really cheaper? And if so, is it cheaper for everybody? Today, I want to delve into inflation numbers for Switzerland and what they exactly mean. As we will see, inflation is not a perfect indicator of the cost of living in Switzerland.

So, this article will talk in detail about inflation in Switzerland.

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All you need to know about the Trinity Study

You have probably heard of the 4% rule if you are interested in early retirement. This rule states that if you withdraw 4% of your portfolio every year, you can sustain your withdrawals for 30 years. But do you know where it comes from? If you have read a lot about it, you probably heard about the Trinity Study. This study is where it all started.

But do you know what the Trinity Study is? Probably not. A lot of things people are saying about the Trinity Study are not correct. A lot of people talking about this study have not even read the original paper.

There is nothing mystical about this study. It is merely a research paper by three professors of The Trinity University. Hence the name.

And do you know that it has nothing to do with early retirement? So, why is it the cornerstone of most Early Retirement articles?

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The role of the Swiss National Bank (SNB)

What the Swiss National Bank (SNB) does is not very clear for many people in Switzerland. So, I thought it would be interesting to research this subject and write about my findings.

The Swiss National Bank is quite famous, even abroad, but what does it really do? It is because of it that we do not have any interest rate in our bank accounts?

Let’s see in detail what this central bank is doing. We will also see that the Swiss National Bank has several unique characteristics.

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FlowBank Review 2021 – Pros and Cons

FlowBank is a new Swiss digital finance service that launched publicly late in 2020. They plan to have to be both a bank and also a full-fledged broker. So, you can have your money and your stocks at the same place.

FlowBank presents itself as an innovative digital bank platform that would bring cheaper trading to Switzerland. On paper, it sounds exciting. Currently, the investing features are ready, while the banking features are not yet all ready.

So, let’s see how good it is in this in-depth review.

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