Exchange Traded Funds – ETFs

Categories Investing, Financial Independence3 Comments on Exchange Traded Funds – ETFs

In our Investing Guide For Beginners series, we already talked about mutual funds. Instead of investing in single stocks, you can invest in many stocks at once. Mutual Funds are a great tool for investment. We are especially interested in passive funds with very low fees, thanks to index investing! Unfortunately, mutual funds are not accessible to everyone. This is where Exchange Traded Funds (ETFs) come into play!

The problem with mutual funds is their availability. They are provided by banks and fund providers such as Vanguard. If you are lucky, you have access to Vanguard via your bank. Or you can directly invest in Vanguard funds. That means you can directly invest in their low fees mutual funds. There are others like Vanguard, but they are the most famous!

If you are not lucky, for instance, if you live in Switzerland, you do not have any easy access to good mutual funds. I can bet that your Swiss bank does not offer cheap passive funds. They will probably offer you expensive active funds. At least mine does not! This is where Exchange Traded Funds (ETFs) are being a very good investment tool!

In this post, we are going to learn all about Exchange Traded Funds!

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My New Job at Pied Piper – Opportunity and Benefits

Categories Financial Independence, Investing10 Comments on My New Job at Pied Piper – Opportunity and Benefits

At the beginning of this month, I started my new job. For the sake of anonymity, let’s say I am working for Pied Piper. I hope there are some Silicon Valley fans in my readers ;) Since I am just starting working at this company, I do not want to disclose it on this blog. And since I am still anonymous, I am going to try to stay like this.

This is going to be a shorter post than usual. In this post, I will describe all the financial aspects of my new job. I am really happy about my new job. Working at Pied Piper is an incredible opportunity. In my field, this is a great company. And in the region where I live, they offer really good conditions. This will help me a lot in my path towards Financial Independence (FI). As you will see, there are many advantages when working at Pied Piper.

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The basics of investing – Why and How to invest?

Categories Investing, Financial Independence, FrugalityLeave a comment on The basics of investing – Why and How to invest?

Investing is something that not enough people do. This is something that I actually started to do too late myself. For some people, it can be intimidating to start investing. Therefore, I decided to write a series of posts on Investing. This series of post is meant to be an Investing Guide For Beginners.

This is the first post I am going to write about Investing. I am going to try to cover as much as possible on the different forms of investing. In this first post of the series, we are going to see what is investing in a broad sense.

In this guide for beginners, I will try to cover the basics, the stocks, the funds, Exchange Traded Funds (ETFs) and so on! Hopefully, it will be interesting for some of you and it will motivate some people to start investing. If you want this series to be available as an ebook, let me know and I will see what I can do.

I am no financial advisor. I am not nearly an expert investor. This post is just what I learned about investing from my experience and from research. 

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Why and How to become paperless in 2019?

Categories Financial Independence, Frugality2 Comments on Why and How to become paperless in 2019?

I think a lot of people will agree that having lots of paper documents at home is a hassle. Who would not want to get rid of all this for a better solution? In 2017, I decided to become paperless with my administrative documents. It was a long work. But now I am finally done. All my documents are available as electronic documents now. I have been able to throw away five big document binders.

I have used my phone as a scanner and uploaded all my documents to the cloud. Now my documents are accessible from anywhere. And they are safely stored in the cloud. Find out how I became paperless for free in this post.

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My 9 Biggest Investing Mistakes – How to Avoid Them!

Categories Investing, Financial Independence18 Comments on My 9 Biggest Investing Mistakes – How to Avoid Them!

Everybody will do some mistakes in his life. There is no way around it. Over the years, I made many investing mistakes. One thing is very important with mistakes is that you learn from them. Not only should you not repeat your mistakes, but you should also improve your knowledge after you have made this mistake. You need to understand why this was a mistake and how to not do it again.

It is very important to learn from your mistakes. And it is also very important to recognize your mistakes. There is no value in thinking you cannot make mistakes. And there is no value in ignoring them. I am not very proud of my investing mistakes. But it is better to talk about them than ignore them! And people can learn a lot from the mistakes of other people.

In this post, I will talk about my 9 biggest investing mistakes and what I could have done better. It is also the story of how I got into investing early and left very early. And finally started investing again way too late!

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My Investor Policy Statement – You Need One Too!

Categories Investing, Financial Independence12 Comments on My Investor Policy Statement – You Need One Too!

We can all agree that having a clearly defined strategy is very good for your investing and your personal finances. It is very important to have goals and a long-term vision.

An Investor Policy Statement (IPS) is a tool helping you do just that. It is a way of writing down why and how you are investing. Your IPS helps you have a clear view of why you are investing and how you should invest to attain your goals.

It has been a long time now since I wanted to write my Investor Policy Statement (IPS). I just took some time over the last week to write it down completely. It took me about two hours. It was a really good exercise for me.

In this post, I am going to give you my own IPS and explain exactly the goals of an IPS. Each IPS will be different because each investor is different. You can follow my own example in order to start your own. But you still need to think about each point and adapt it for your own needs.

Stay tuned to learn about my Investor Policy Statement!

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The Millionaire Next Door – Book Review

Categories Financial Independence, Investing, Retirement2 Comments on The Millionaire Next Door – Book Review

The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, is a book by Thomas J. Stanley and William D. Danko. This book is a study of millionaire households in the United States. In this post, you will find out exactly what this book is about and what I thought about it. I was lucky to find it very cheap on Kindle.

This book is one of the best personal finance books I have read. The authors have really gone into a lot of effort to collect all the data from millionaires. And they have drawn some very interesting conclusions from this data.

I am still reading many new personal finance books. And so far, it has been a great ride. There are some really great books about personal finance, investing and frugality. It is just a bit sad that most of these books are missing any international content. They are really made for the United States. However, a lot of their lessons can still be translated into Europe.

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The Three Pillars of Retirement in Switzerland

Categories Retirement, Financial Independence, Investing, Switzerland7 Comments on The Three Pillars of Retirement in Switzerland

The previous three posts of the series covered the three pillars of retirement in Switzerland:

In this final post of the series, I am going to summarize over the entire system. I am also going to talk about how early retirement works in this system.

It is very important to

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The Third Pillar of Retirement in Switzerland

Categories Retirement, Financial Independence, Investing, Switzerland10 Comments on The Third Pillar of Retirement in Switzerland

In our Three Pillars of Retirement of Switzerland series, we already talked about the first and second pillar. We now have to cover the most important of the three pillars: The Third Pillar.

The third pillar is the only one that is not mandatory. Everybody is free to choose to invest in the third pillar or not. It is simpler than the second pillar. But there are much more choices than you can make. You can optimize a lot of things for your third pillar.

I believe it is very important to optimize the investment of the third pillar as much as possible. Once you reach retirement, your second pillar should still be larger than your third pillar. But there is not a lot of things you can do with your second pillar.

In this post, you will find all the details you need to invest in a third pillar. And also, what you can do to optimize your use of this last pillar.

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The Second Pillar of Retirement in Switzerland

Categories Retirement, Financial Independence, Investing, Switzerland8 Comments on The Second Pillar of Retirement in Switzerland
This post is part 2 of 4 in the series The three pillars of Retirement in Switzerland.

 

We have studied the first pillar and Switzerland three pillars system in the previous post in the series. Now, it is time to see the second pillar. The first pillar covers the basic needs of everybody. If you did not read the previous part, I would encourage you to do it before you read this article.

The second pillar is here to cover a larger part of your salary than the first one. It is an occupational pension. If you never worked, you will never pay anything for this and you will never receive anything from this. It is significantly more complicated than the first pillar.

In this post, I am going to give you all the important details as possible on the second pillar. I am also going to help you understand what you can do to improve it.

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