I think Swiss investors will agree that the biggest problem with Revolut was that they did not have a Swiss IBAN. Some good news just arrived for us!
Revolut now includes a Swiss IBAN when you want to top it up! It means you can now top up your Revolut account for free directly from your bank account. It is great since that was missing from the start on the Revolut account.
And probably even bigger news for Revolut: they got a European Specialised Bank License! It is a big deal for the company. Revolut is now officially a bank and will soon start offering new services. But for us, it will not change much soon.
I have been using Revolut for about six months now, and I like it. During that time, I have saved a lot of money by using their free currency exchange services. I am interested to see how they are going to implement this banking license in the future. I would like to have a cheap and good bank account in the future. In the meantime, Neon is an excellent bank account.
In this post, we are going to see what do these changes mean for other Revolut customers and me! If you do not know about Revolut, stay tuned!
Continue reading “Revolut in Switzerland Top Up For Free with Revolut Swiss IBAN”
Everybody will make some mistakes in his life. There is no way around it. Over the years, I made many investing mistakes.
One thing that is very important with mistakes is that you learn from them. Not only should you not repeat your mistakes. But you should also improve your knowledge after you have made this mistake. You need to understand why this was a mistake and how not to do it again.
It is crucial to learn from your mistakes. And it is also essential to recognize your mistakes. There is no value in thinking you cannot make mistakes. And there is no value in ignoring them. I am not very proud of my investing mistakes. But it is better to talk about them than ignore them! And people can learn a lot from the mistakes of other people.
In this post, I will talk about my eleven biggest investing mistakes and what I could have done better. It is also the story of how I got into investing early and left very early. And finally started investing again way too late!
Continue reading “My 11 Biggest Investing Mistakes – How to Avoid Them!”
Today, we are going to talk about the Efficient Market Hypothesis (EMH)? Have you ever heard about EMH? Do you what it is?
Behind this complicated name hides a simple hypothesis. It says that the market is very efficient. So the stock prices reflect all available information. It means that stocks always trade at a fair value.
The Efficient Market Hypothesis is an interesting hypothesis. It is also very controversial. Based on whether it is true or not can profoundly change the way you are investing. This hypothesis has many implications, as we are going to see in this article.
So, let’s delve into exactly what this hypothesis is about.
Continue reading “What is the Efficient Market Hypothesis (EMH)?”
One question that many people have is whether they should rebalance their portfolio or not. And this is even more important in retirement.
Rebalancing is the fact of selling the shares that have overperformed and then buy the shares that underperformed. The idea is to keep your portfolio allocation to the same level.
People do not agree on whether you should rebalance in retirement or not. People do not even agree on that during the accumulation phase. So we are going to cover this subject as well.
And since I have now a lot of data about the stock market, I figured it would be great to use. So, I am also going to simulate whether it has historically been better to rebalance or not.
The data on this article is based on more than 3.2 million simulations of withdrawal rates! Without further ado, let’s delve into rebalancing!
Continue reading “Should you rebalance your portfolio in retirement?”
If you are interested in personal finance, you probably have come across the term Emergency Fund. An Emergency Fund is simply some money, available directly, that you can use in case of emergency. Most people will advise you to get such an account. And they will insist heavily on this subject.
It is an interesting subject since not everybody agrees on it. Some people have an emergency fund that can cover one year of expenses. And some people think you do not need one.
Personally, I do not think an emergency fund is a bad thing. But you should be aware of its cost. It also has disadvantages. And you may not need a fund as big as some people tell you. I think that too much people put too much emphasis on the emergency fund.
In this post, we are going to see both sides of the story. We are going to see in details what an emergency fund is.
Continue reading “Emergency Fund – Do you Really Need One in 2020?”
If you have followed financial news recently, I am sure you came across talk about the future recession! Everybody thinks that it is soon upon us!
But do you even know what a recession is? And what does it have to do with the stock market?
Today, I want to go into details as to what is a recession, what causes one and what are its consequences. I believe it is essential to know these things if you want to be prepared.
Once you know what is likely to happen during the next recession, there are many things you can do to prepare yourself better. We are going to go over several things you could do for that!
Continue reading “How to protect yourself from a recession – All you must know”
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 explanations. 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!
Continue reading “How to create a Neon account and use the mobile application”
Your Net Worth is a fundamental personal finance metric! It will tell you how much your assets are worth. It can also tell you how close you are to being Financially Independent. The net worth 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 essential 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 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!
Continue reading “How to Calculate Your Net Worth Easily”
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.
Continue reading “One Hour Investor Book Review – Learn investing in one hour”
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.
Continue reading “All you need to know about the Trinity Study”