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’s a great book, full of helpful recommendations on how to improve your finances!
This book has been great to read. One of the best read from the personal finance books I’ve read so far. Like the last book I read, I’ve 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.
Continue reading “I Will Teach You To Be Rich – Book Review”
In this post, we are going to see how to buy an Exchange Traded Fund (ETF) on DEGIRO. Vanguard Total World (VT) is the main part of my new portfolio. So I’m going to use VT as an example. The process is exactly the same with any ETF you buy.
I decided to use DEGIRO after comparing 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. This post assumes you already have an account with DEGIRO. If not, you can open one account very quickly.
Note: Links to DEGIRO are affiliate links. If you use them to create an account, you will receive 20 CHF and I will receive 20 CHF.
Continue reading “How to buy an ETF (VT) on Degiro”
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!”
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’ve given a lot of thoughts on my portfolio. I realized there was several issues with the portfolio. I’m going to discuss these issues here and present the new portfolio on which I’ve settled on. The biggest issue was the complexity of the portfolio.
I’m going to start with the decisions that I made about my portfolio and the reasoning behind them. If you want to checkout the new portfolio, simply jump to it 😉
First a few acronyms:
- Exchange Traded Fund (ETF): A fund that is traded like a stock
- Total Expense Ratio (TER): The amount of yearly fees in a fund
Continue reading “New ETF Portfolio – Simplicity is key”
After a record-breaking March 2018, April 2018 is even better 🙂
Although I had some significant expenses this month, the savings were great. This is partly thanks to the gifts I received this month for my 30 years birthday! I also managed to keep my expenses quite low. And my net worth made a very nice jump. Overall, a great month 🙂
Continue reading “April 2018 – Birthday and new savings record”
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”
The previous three posts of the series covered the three pillars of retirement in Switzerland:
In this final post of the series, I’m going to summarize over the entire system. I’m also going to talk about how early retirement works in this system.
Continue reading “The three pillars of Retirement in Switzerland – 4. Summary”
I started this series with details about the first pillar. I then continued with information about the second pillar. This post will cover the last of the three pillars, the third pillar. This pillar is the only one that is not mandatory. Everybody is free to choose to invest into the third pillar or not. It is simpler than the second pillar. But there are much more choices than you can make. In this post, you’ll find all the details you need to invest into a third pillar. And also, what you can do to optimize your use of the third pillar.
Continue reading “The three pillars of Retirement in Switzerland – 3. The third pillar”
We have studied the first pillar and Switzerland three pillars system in the previous post in the series. Now, it’s time to see the second pillar. The first pillar cover the basic needs of everybody. The second pillar is here to cover a larger part of your salary than the first one. If you never worked, you’ll never pay anything for this and you’ll never receive anything from this. It is significantly more complicated than the first pillar. In this post, I’m going to try to give you as much important details as possible on the second pillar. I’m also going to try to help understand what you can do to improve it.
Continue reading “The three pillars of Retirement in Switzerland – 2. The second pillar”