I Will Teach You To Be Rich – Book Review

Investing, Save

I just finished reading I Will Teach You To Be Rich, by Ramit Sethi. This book will give you a lot of advice on how to improve your finances. It may not make you a millionaire. But it is a great book, full of helpful recommendations on how to improve your finances!

This book has been great to read. It is one of the best from the personal finance books I have read so far. Like the last book I read, I have been able to buy it for a few dollars on Kindle. If you want to be lucky, look at my techniques to find cheap Kindle ebooks. It is nice and light to read. It is not too dense and still contains quite a lot of information.

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How To Buy an ETF on DEGIRO

Investing

In this post, we are going to see how to buy an Exchange Traded Fund (ETF) on DEGIRO. The process is going to be the same regardless of the ETF you want to buy.

I decided to use DEGIRO after comparing it with several other brokers. The main advantage of DEGIRO is its very low fees. You can read my full review of DEGIRO if you want more information.

We are also going to see how to deposit money into your account. You will need money on your account before you can buy an ETF.

Update: DEGIRO stopped access to U.S. ETFs, but this process works for any ETF still available, VUSA or VWRL for instance.

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My Investor Policy Statement – You Need One Too!

Investing, Financial Independence

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

Financial Independence, Investing, Retirement

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.

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New ETF Portfolio – Simplicity is Key!

Investing

A few months ago, I updated my portfolio to add more bonds and more dividend-yielding stocks. Since then, I had a lot of discussions on this portfolio. I discussed it on the comments on this blog. I also discussed it on the bogleheads forum.

Since these discussions, I have given a lot of thoughts on my portfolio. I realized there were several issues with the portfolio. I am going to discuss these issues here and present the new portfolio on which I have settled on. The biggest problem was the complexity of the portfolio.

I am going to start with the decisions that I made about my portfolio and the reasoning behind them. If you want to check out the new portfolio, simply jump to it ;)

If you are not familiar with some of the investing terms. You can go read my Investing Guide for Beginners first. Or you can take a look at this Investing Glossary.

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Updated ETF portfolio for Switzerland – Bonds and Dividends

Investing, Switzerland

Update: I have now made some changes to make my investment ETF portfolio much simpler. I would recommend you check it first.

In 2018, I wanted to add a few bonds to my portfolio. I am in long-term investing. I only in my 30s, and I do not plan to retire for at least ten years. And I already have some very safe investments in my second and third pillars. Therefore, I do not need a lot of bonds. But I wanted to add 5% of bonds into my portfolio to be safe and to allow for more re-balancing opportunities. Also, I do have bonds in my third pillar account.

Moreover, I wanted to improve my ETF portfolio. More specifically, I also wanted to get rid of my crypto-currencies. So, I updated a bit my previous portfolio to reflect this. Moreover, I also wanted to depend less on the dollar. In this post, we are going to see exactly what I have changed in my portfolio.

Remember that it is only one example of an ETF portfolio. I am no financial advisor. I am just sharing what I am doing for investment. What may work for me may not work for you.

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Rich Dad Poor Dad – Learn how to get rich

Earn, Investing

The most recent finance book I have read is “Rich Dad Poor Dad” by Robert T. Kiyosaki. This is my short review of the book. This book is very different from the others, in several ways. Generally, the personal finance community does not rate this book very high. In this post, I will give you my point of view about this book and tell you what it is all about.

As you will see, my point of view in this book is a bit varied. Some things are really good. But some things are really bad about this book. Let’s directly see what I am talking about.

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The Bogleheads Guide to Investing – Book Review

Investing

Here is another book review of an investing book. The BogleHeads Guide to Investing is the second book I read in my way to personal finance enlightenment. This book is written by Taylor Larimore, Mel Lindauer, and Michael LeBoeuf.

This book is a complete guide about personal investing, how to save money, and how to invest it. I think it is an excellent book, well-written and full of excellent advice. The book is full of quotes from other financial figures and uses facts to support every argument.

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Goals for 2018 – Reaching for FI

Investing, Save

For the first year in my life, I am gonna try to set clear goals for this year! I have set up a nice spreadsheet for my goals for this year (credits to retirebyforty for the spreadsheets idea):

My 2018 Goals

I have tried to not set goals that are too high but still strive for better than this year. Since it is the first year I am setting goals like this, I do not want to be over-optimistic. This is my first attempt at setting yearly goals, so maybe I will add new goals during the year, but I will not remove any goal nor downsize any goal.

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The Little Book of Common Sense Investing – Book Review

Investing

Since I started to pay closer attention to my finance, I have read a few books about investing and finance. I am going to review them on this blog. I am going to explain what the book is about and also what I liked about the book. And of course, what I did not like about it.

The first book I have read is “The little book of Common Sense Investing”, by John C. Bogle. It is coming from the founder and former CEO of the Vanguard Mutual Fund Group. John Bogle is a great man and the creator of the first index fund. A lot of people in the Bogleheads community are recommending this book, so I decided to give it a try.

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