While I really like Switzerland and I plan to spend all my life here, there some things I really don’t like about it. In this post, I’m going to discuss the five things I hate about Switzerland.
I’m not about to leave Switzerland and I hope I will never have to. There will be a post coming up about the things I love about Switzerland and they will be more numerous 😉 But I think it’s important to realize that no country is perfect. Some things should definitely be improved in Switzerland.
Continue reading “5 Things I hate about Switzerland”
Each month, I’m following the same personal finance routine for my budget. You can see most of the results in my monthly finance reports. In this post, I’m going to describe the steps I’m doing every month.
I think it’s great to have a routine. This helps to get more efficient and like this you don’t forget to do everything.
Continue reading “My monthly personal finance routine – 11 things I do each month”
In the previous post of the Investing series, we talked about mutual funds. They are a great tool for investment. And especially passive funds with very low fees, thanks to index investing.
This is all great, but the problem with mutual funds is their availability. If you are lucky, you have access to Vanguard. And you can directly invest in their low fees mutual funds. There are other like Vanguard, but they are the most famous 😉 If you are not lucky, for instance, if you live in Switzerland, you don’t have any easy access to good mutual funds. I can bet that your bank does not offer cheap passive funds. At least mine doesn’t! Here comes Exchange Traded Funds!
Continue reading “Investing 4. – Exchange Traded Funds – ETFs”
At the beginning of this month I started my new job. For the sake of anonymity, let’s say I’m working for Pied Piper. I hope there are some Silicon Valley fans in my readers 😉 Since I’m just starting working at this company, I don’t want to disclose it on this blog. And since I’m still anonymous, I’m going to try to stay like this.
This is going to be a shorter post than usual. In this post, I’ll describe all financial aspects of my new job. I’m really happy about my new job. Working at Pied Piper is an incredible opportunity.
Continue reading “My new job at Pied Piper – Opportunity and benefits”
This is the first post I’m going to write about Investing. I’m 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 the broad sense.
I don’t yet know how many posts will be in this series. 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 motivation some people to motivate.
I’m no financial advisor. I’m not nearly an expert investor. This post is just what I know about investing from my experience and from research.
Continue reading “Investing – 1. The Basics”
Last year, I decided to go paperless with my administrative documents. It was a long work, but now I’m done. All my documents are available as electronic documents now. I’ve been able to throw away five big document binders.
I’ve used my phone as scanner and uploaded all my documents to the cloud. Find out how I became paperless for free in this post.
Continue reading “Why (and how) I went paperless”
Over the years, I made many investing mistakes. In this post, I will relate on my 9 biggest investing mistakes and what I could have done better. It’s also the story of how I got into investing early and left very early. And finally investing too late!
Continue reading “My 9 biggest investing mistakes – How to avoid them!”
It’s 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.
So, what’s an IPS ? Basically, it’s a set of guidelines for your investing. It will state how you are going to invest and why. It should also state how you will react to some events.
Why would you need an IPS ? The reason is to keep you on the right path when a situation trigger. If you already though of the problem and the solution to it, you know how to react. You don’t need to be emotional about it. And emotions in investing are generally a bad thing.
I didn’t invent the concept! It’s an old thing. It was at first used between a portfolio manager and the client. This was helping the manager invest in the way the client wanted. Since I’m my portfolio manager, I’m doing this statement only between me and me. I was motivated to write my IPS after I read this post by Mr. Retire In Progress. He was himself motivated by another post by Physician On Fire. I would also recommend you read these two posts if you want more information on the subject.
If you want an example, you’ll find my Investor Policy Statement just below. Keep in mind that every IPS is different and should be made for your own situation and goals. So let’s delve into my own IPS.
Continue reading “My Investor Policy Statement – You need one too!”
The last book I read is The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, by Thomas J. Stanley and William D. Danko. This book is a study of the millionaire households in the United States. In this post, you’ll find out exactly what this book is about and what I though about it. I was lucky to find it very cheap on Kindle.
I’m still reading many new personal finance books. And so far, it’s been a great ride. There are some really great books about personal finance, investing and frugality.
Continue reading “The Millionaire Next Door – Book Review”
In this post we are going to see how to calculate the amount of your net worth. You net worth is how much your possessions are really worth, in money. Having a clear idea of your exact net worth is very important. It will help you to see how far you are from reaching your goals. If you keep track of it, you’ll also see how well you are doing.
The basic idea about the net worth is simple. Your net worth is the sum of your assets minus the sum of your liabilities. In mathematical terms:
Net Worth = Assets – Liabilities
Let’s see in details how these two parts can be calculated.
Continue reading “How to calculate your net worth”