I Will Teach You To Be Rich – Book Review

Posted on Categories Books, Budget, Investment4 Comments on I Will Teach You To Be Rich – Book Review

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.

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How to buy an ETF (VT) on Degiro

Posted on Categories Broker, ETF, Investment3 Comments on How to buy an ETF (VT) on Degiro

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.

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My 9 biggest investing mistakes – How to avoid them!

Posted on Categories FIRE, Investment14 Comments on My 9 biggest investing mistakes – How to avoid them!

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!

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My Investor Policy Statement – You need one too!

Posted on Categories ETF, FIRE, Goals, Investment6 Comments on My Investor Policy Statement – You need one too!

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 ?Β 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.

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New ETF Portfolio – Simplicity is key

Posted on Categories ETF, Investment11 Comments on New ETF Portfolio – Simplicity is key

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 πŸ˜‰

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

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April 2018 – Birthday and new savings record

Posted on Categories ETF, Frugality, Investment, Monthly, Spending11 Comments on April 2018 – Birthday and new savings record

After a record-breaking March 2018, April 2018 is even better πŸ™‚

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 πŸ™‚

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How to calculate your net worth

Posted on Categories FIRE, Investment8 Comments on How to calculate your net worth

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.

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The three pillars of Retirement in Switzerland – 4. Summary

Posted on Categories FIRE, Investment, Switzerland7 Comments on The three pillars of Retirement in Switzerland – 4. Summary
This post is part 4 of 4 in the series The three pillars of Retirement in Switzerland.

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.

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The three pillars of Retirement in Switzerland – 3. The third pillar

Posted on Categories FIRE, Investment, Switzerland6 Comments on The three pillars of Retirement in Switzerland – 3. The third pillar
This post is part 3 of 4 in the series The three pillars of Retirement in Switzerland.

 

I started this series with details about the first pillar. I then continued withΒ 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.

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The three pillars of Retirement in Switzerland – 2. The second pillar

Posted on Categories FIRE, Investment, SwitzerlandLeave a comment on The three pillars of Retirement in Switzerland – 2. The second pillar
This post is part 2 of 4 in the series The three pillars of Retirement in Switzerland.

 

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.

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