I have monitored my net worth since October 2017. But until now I have not considered my second pillar into it. Why? Because I do not get a monthly report on my second pillar. However, I do not really need this monthly report since I can extrapolate from the yearly values. Before, I just was too lazy to do it. But laziness is not an excuse, especially for personal finances!
So, I decided to stop being lazy and do it. In this post, we are going to see why you should integrate your second pillar into your net worth. And we are going to see how to integrate it. It is very simple. And it will make your net worth calculation much more accurate. I believe it is very important to have an accurate view of your net worth.
If you do not know your net worth, first take a look at how to calculate your net worth. I strongly encourage everybody to compute his net worth. It is an important indicator, especially if you want to become financially independent.
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Having decided to start investing in Exchange Traded Funds (ETFs), I needed a broker account. I decided to open a DEGIRO account. In this post, I am going to go over the reasons for this choice and over how to open a DEGIRO account and start trading.
DEGIRO is a great broker for European people. It is well priced and offers a great choice of investment products.
I will only be investing in low-cost passive index Exchange Traded Funds (ETFs). So my choice of DEGIRO as a broker is highly tied to my investment strategy. It may not be the best choice for active investors.
Unfortunately, we do not have access to good passive funds in Switzerland, such as Vanguard. So we invest in ETFs instead. It means Swiss investors need a broker account to invest.
So, let’s see how to choose a broker and how to open a DEGIRO account.
Investing involves risks of losses. Make sure you are aware of that before you start investing.
Continue reading “How to Open a DEGIRO account and start trading”