Mrs. The Poor Swiss, my wife, recently started the procedure to get her driving license in Switzerland. The procedure is not too difficult. But not all the steps are obvious in the process. My wife is Chinese and she already had a driving license from China. This is what is going to interest us in today’s post.
In this post, I am going to explain the different steps in getting a Swiss driving license for a foreigner. First, it depends if you already have a driving license in your country or not. If you already have a driving license, it will depend on your country. Since Mrs. The Poor Swiss is Chinese, this post will have a Chinese bias but I am going to try to cover other countries as well.
Continue reading “How to Get Swiss Driving License as a Foreigner”
After a disappointing June 2018 month, we managed to get back up to speed in July 2018. We had some strong savings this month. Nothing extraordinary, but pretty good still. We were able to increase our net worth significantly.
Since today is Swiss national day, Happy National Day to all my Swiss readers.
We went to Orléans one week this month. I also spent one week in the army. It was my last five days to serve in the army! Other than that, nothing special happened. It was a good month overall. Let’s go into the details now :)
Continue reading “July 2018 – Getting back up to speed”
We have talked about many things now in the Investing Guide for Beginners series. We have covered index funds in detail. We have also covered several portfolios, such as the Three-Fund portfolio and its variants and a few other lazy portfolios. But there is something we have not covered yet: Target Retirement Funds.
A Target Retirement Fund is like an automated portfolio in itself. It is a fund of funds with some allocation to bonds. And the allocation to bonds is changing over time as the time of retirement is approaching.
Many people are investing for retirement. They may know, for instance, that they want to retire in 20 years. Given that and their age, it is likely that their allocation to bonds will increase over the years until retirement. Most people will do that by changing their bond allocation every few years. Either by rebalancing or by injection of new capital. But there is another way. Target Retirement Funds will automatically change their bond allocation over time.
In this article, I cover Target Retirement Funds. We are going to see what is good with them and what is not.
Continue reading “Target Retirement Funds – Too Much Simplicity?”
We have already talked about the famous Three-Fund Portfolio and its variants. It is a simple portfolio made of only three funds. It is straightforward to manage yet very effective and diversified. We also saw the two-fund and one-fund portfolios. They are even more simple and have many advantages. These two are called lazy portfolios. They are the most well-known lazy portfolios.
But there are more lazy portfolios than these. People have proposed many more portfolios over the years. In this article, I cover more of these portfolios. They are called lazy portfolios because they are all using index funds. And you can keep the allocation of the different funds for many years.
Instead of choosing stocks, which is difficult, you choose stock funds or bond funds. You can either use mutual funds or Exchange Traded Funds (ETFs) depending on what you prefer and what you have access to.
Continue reading “7 Great Lazy Portfolios to keep investing simple”
There is something fundamental with investing: you need to keep investing simple! Unfortunately, there are many ETFs and indexes. How can you choose your portfolio?
This question is a critical question and one that you should spend some time thinking about. There is no one-size-fits-all investment, in my opinion. There are many kinds of investments that work. For some of them, you will need some knowledge and time to make it work. The three-fund portfolio is a straightforward portfolio made of three funds that should work for most people.
In this article, we cover two important things: your asset allocation and the Three-Fund Portfolio. Since there are also some direct variations of the three-fund portfolio, I also cover them!
Continue reading “The Three-Fund Portfolio Makes Investing Simple – 3 funds are enough”
In 2018, we went to Orléans in France. I went there to present a paper for some work that I did at my previous company. The presentation was five days, but the first day was only starting late in the night. We finished on Friday in the morning. And Thursday was social tours by the conference. So we had quite some time for us. That is why Mrs. The Poor Swiss decided to come along as a short vacation.
All around, it was a great trip in a wonderful city. We had a great time. I wanted to share this travel with you. And also share some of the pictures we took!
Continue reading “Our trip to Orléans, France – Beautiful City”
We have already covered Exchange Traded Funds (ETFs) in detail. But we have not yet talked about how they are priced to keep up with the price of their assets.
A significant difference between ETFs and mutual funds is that we trade ETFs on the stock market. So, people can purchase shares at any time of the day within market hours. It also means that demand and offer could influence the price of ETFs. But in practice, arbitrage is used to make sure the price of the ETFs is synchronized with the underlying assets.
Continue reading “Exchange Traded Fund (ETF) Arbitrage – How does it work?”
No country is perfect. I am sure you can relate to that with your own country. It is the same for me and Switzerland. While I really like Switzerland and I plan, and hope, to spend all my life here, there are some things I really do not like about it. In this post, I am going to discuss the five things I hate about Switzerland.
I am not about to leave Switzerland and I hope I will never have to. I also wrote about the things I love about Switzerland! There are more things I like than things I hate. But I think it is important to realize that no country is perfect. Some things should definitely be improved in Switzerland.
Of course, these things will probably be different from one person to another. I know that there are some things on the list that some people like. Please tell me what you do not like about Switzerland in the comment!
Continue reading “5 Bad Things I Hate about Switzerland”
In several posts of the Investing Guide for Beginners, we have focused on index funds. But do you know how index funds are replicating the performance of the index? It is what we are going to discuss now.
Index funds are replicating an existing stock market index. For instance, many mutual funds and many ETFs are replicating the S&P500 index. In this post, we are going to focus on index replication.
There are several different ways of replicating an index. There is physical index replication and synthetic index replication. It is essential to know how funds are replicating the index. You should know the different ways they are using for replicating the index. It will help you make the right choice of ETF.
Continue reading “Index Replication in Details – ETFs and Mutual Funds”
Fewer things happened in June 2018 than the crazy previous month!
Although it is a good month for savings, it is not as good as I planned. This month is the first month I received my new salary :) But it was a very expensive month :( We had to pay many insurance fees. And several other relatively big expenses. But it is still not too bad :)
Read on if you want to know what happened to use in June 2018!
Continue reading “June 2018 – Insurance month!”