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!
Continue reading “My Investor Policy Statement – You Need One Too!”
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 precisely 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 gone into a lot of effort to collect all the data from millionaires. And they have drawn some fascinating 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 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 made for the United States. However, a lot of their lessons can still be translated into Europe.
Continue reading “The Millionaire Next Door – Book Review”
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 the entire system. I am also going to talk about how early retirement works in this system.
It is very important to
Continue reading “The Three Pillars of Retirement in Switzerland”
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 cheap broker for European people. It is well priced and offers a great choice of investment products.
Continue reading “How to Open a DEGIRO account and start trading”