How to create a Neon account and use the mobile application

Categories Investing2 Comments on How to create a Neon account and use the mobile application

I have recently talked about the best Swiss banks. I think that Neon is the best Mobile Swiss bank there is!

They have very low fees. And they have an excellent mobile application, with all the features you really need. And everything is available in English. This makes it a perfect fit for most people. I think it is the best fit for my audience.

So today, I want to walk you through creating an account with Neon. I will go through all the steps of the account creation with screenshots and explanation. It is a straightforward process that should not take you more than 10 to 15 minutes.

After this, we are going to see the main features of the mobile application.

If you have questions about Neon, please let me know in the comments below. I will be glad to answer all I can!

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How to Calculate Your Net Worth Easily

Categories Financial Independence, Investing10 Comments on How to Calculate Your Net Worth Easily

Your Net Worth is a very important personal finance metric! This will tell you how much money your assets are really worth. It can also tell you how close you are to being Financially Independent. This is one of the best personal finance metrics that you should always keep track of.

Computing your net worth is not very difficult. However, there are some subtleties when doing. And it is important to get it right.

In this post, we are going to see how to calculate your net worth. It will tell you 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 will also see how well you are doing.

So, let’s get into it!

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One Hour Investor Book Review – Learn investing in one hour

Categories Investing8 Comments on One Hour Investor Book Review – Learn investing in one hour

I just finished reading One Hour Investor, a book by Vishal Reddy. This book is an investing guide for beginners. The idea is that you can learn all the basics of investing in about one hour through the book.

The book is really fast to read and keep its promise of one hour guide, at least if you are a quick reader.

The book contains a lot of useful information about the basics of investing. Stocks and bonds are covered in details. The book even goes over the various strategies used for picking stocks.

Then, the book goes more into mutual funds and ETFs. It is explained why most people should favor them instead of picking individual stocks. Various investing strategies are also covered. And finally, it goes on into how to optimize investment taxes.

Stay tuned if you want to know if you can learn to invest in about one hour.

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All you need to know about the Trinity Study

Categories Financial Independence, Investing8 Comments on All you need to know about the Trinity Study

You probably have heard of the 4% rule if you are interested in Financial Independence. But do you know where it comes from? If you have read a lot about it, you probably heard about the Trinity Study. It is where it all started.

But do you know what the Trinity Study is? Probably not. A lot of things said about the Trinity Study are not correct. I am feeling like a lot of people talking about this study have not even read the original paper.

There is nothing mystical about this study. It is merely a research paper by three professors of The Trinity University. Hence the name.

And do you know that it has nothing to do with early retirement? So, why is it the cornerstone of most Early Retirement articles?

Today, I want to go into details about this paper and what it exactly is! We are going to see what is inside the Trinity Study. And also what this data is showing us. And finally, we are going to see what people get wrong when they talk about the study.

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2 Great Free Newsletters to become a Financial Expert

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Generally, you should not base your investing decisions on financial news. It is usually bad advice. Following the crowd will not help your returns. You need to stay the course.

However, that does not mean financial news and stock market news are necessarily not interesting. On the contrary, I think knowing what is going on is interesting.

I like learning about what is going on in the market. Sometimes, it will give you some insights as to why the stock market is up or down, for instance. But most sources of information are pretty bad. I do not want to spend one hour going through a ton of information.

So I went looking for interesting sources of information about finances and especially the stock market. Of course, being frugal, I wanted some free sources of information!

I tried several newsletters, but in the end, I found only two that were really what I wanted: Finimize and Morning Brew. I am going to present these two newsletters and also my arguments for finding them!

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13 Awesome Stock Market Facts that will surprise you!

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The stock market is the best place to invest your money. But it is also a fascinating place with a long history. There are so many great facts surrounding the stock market. It is really interesting.

There are tons of fascinating facts about the stock market. Today, I want to share 13 of these facts. Some of them will probably surprise you a lot! At least, they did surprise me when I learned about it!

Knowing all these facts will probably not make you a better investor. But it is still very interesting to learn some details about the place you are investing your money in, no? Some of these really surprised me. I hope you will find them interesting!

Without further ado, here are 13 awesome stock market facts!

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How to buy an ETF from IBKR Mobile

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Interactive Brokers is my favorite broker. I believe it is the cheapest broker and it offers a very large array of investing instruments. It is really great!

However, there is something that is not so great with Interactive Brokers. It is simply not really user-friendly. It is really getting better, however. The main issue comes from the fact that there are four user interfaces in Interactive Brokers. That means you can buy and sell shares in four different ways!

And another problem is that the simplest interfaces are also the least advertised. If you look around on the internet, most people would advise the Trading Workstation (TWS) interface. However, this is the most complex interface. You need to know that you do not have to use this interface!

Interactive Brokers has two simple interfaces: Account Management and IBKR Mobile, their mobile application. I have already covered how to buy an ETF from Account Management. Now, I want to cover the mobile application. I know a lot of people like to trade from their phones more than from their computer.

Let’s see how we can buy an ETF from the IBKR Mobile application. We are going to see how to deposit funds, how to convert currencies and finally how to buy an ETF or any other share for that matter. Let’s get into it. I chose the VT ETF since it is a large part of my portfolio. But these steps are the same for any ETF.

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What is the Best Swiss Bank in 2019?

Categories Investing, Switzerland8 Comments on What is the Best Swiss Bank in 2019?

Everybody needs a bank account. If you have an income, you will need it to be deposited into a bank account. And you will need to pay your bills from your bank account. Unless you live completely off the grid and get paid in cash, you will need a bank account. But which Swiss Bank should you choose?

There are tons of different banks. After all, Switzerland is the country of banks (and chocolate). However, contrary to popular belief, Swiss banks are not really great!

In fact, most Swiss banks are really expensive and offer poor service. You can find much cheaper and better banks in other countries. Fortunately, this is starting to improve with some new banks that try to make things move.

Let’s see which of these banks is the Best Swiss Bank in 2019! But first, let’s start with how we can choose a bank!

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Interview of Julius Kirscheneder, Founder of The Neon Bank

Categories Investing, Switzerland1 Comment on Interview of Julius Kirscheneder, Founder of The Neon Bank

Recently, I had the pleasure of interviewing Julius Kirscheneder, one of the founders of Neon. I hope you will like this interview as much as the other interviews I have made in the past on this blog.

Neon is a great Swiss bank. I have already talked about it as one of the best banks in Switzerland. What makes it different from the other banks is that it is entirely digital. You will not find Neon offices in Switzerland. Instead, you will have your bank in your pocket all the time!

Another way they distinguish themselves is that they are very cheap. In fact, if you use it well, they are free!

Neon was founded in 2017 in Switzerland by four people, one of whom is Julius that I will be interviewing today. They now employ ten people, mostly in Zurich. In fact, they are not really a bank since they do not have a banking license. They are working with Hypothekarbank Lenzburg acts, which acts as their banking partner.

So, let’s hear what Julius Kirscheneder, Founder of the Neon Bank has to say!

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13 Greatest Stock Market Myths that do not die

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The stock market is a strange place for many. It is surrounded by many myths. And if you are not careful and believe in these myths, you may well end up losing a lot of money. Some of these myths make people not want to invest in the stock market. As such they are losing a nice opportunity to invest their money.

Some of these myths came from the early stock market where it was indeed more difficult to start investing. However, many things are not true anymore and some things that were facts long ago are now myths.

It is important that you do your own research. And it very important that you base your investing strategy on facts and not myths. For this, it is very interesting to go over the myths to make sure you do not fall for one of them.

In this post, I am going to list the 13 biggest myths of the stock market.

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