My review of Degiro as a broker for Swiss investor

Posted on Categories Broker, ETF, Investment, Switzerland2 Comments on My review of Degiro as a broker for Swiss investor

(This post was first published on Mustachian Post. Thanks a lot to MP for the opportunity of guest posting.)

I’ve now been using Degiro for about four months. It’s now time for a review of the tool.

I would like to mention that I never tried any other broker. I decided to use Degiro four months ago based on costs. Moreover, I’m a computer scientist, so no issues with potential tech issues. Finally, my portfolio is very small, so my experience may not compare to yours.

Continue reading “My review of Degiro as a broker for Swiss investor”

Updated ETF portfolio for Switzerland – Bonds and Dividends

Posted on Categories Broker, ETF, Investment, Switzerland18 Comments on Updated ETF portfolio for Switzerland – Bonds and Dividends

In 2018, I wanted to add a few bonds to my portfolio. Since I’m in long-term investing, I don’t 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 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.

This is what I settled on:

Continue reading “Updated ETF portfolio for Switzerland – Bonds and Dividends”

No Billag: Swiss people like to pay taxes

Posted on Categories Spending, Switzerland4 Comments on No Billag: Swiss people like to pay taxes

Yesterday, the Swiss people were voting on several objects. The No-Billag initiative was one of them, as I mentioned earlier. This initiative wanted to remove the Billag tax. This tax supports the Swiss TV and Radio services. This tax is currently around 450 CHF. But the government will reduce the tax next year to 365 CHF. Unfortunately, the Swiss citizens strongly refused the initiative ๐Ÿ™ I have to say that I’m quite disappointed in my fellow citizens today. It seems like people like to pay inconsiderate taxes. Thus, we’ll still have to pay this tax.

There is a BIG problem with this tax. There are two parts to the tax, one part for the radio and one part for the television. If you have a car, you need to pay the radio tax even if you never listen to radio. I never listen to the radio. If you have a television or internet, you need to pay the TV tax even if you never watch TV. Again, I never watch TV. Moreover, this tax is only to pay for Swiss radio and TV services. So if you have a TV and only watch foreign TV network, you still have to pay the tax to finance Swiss TV networks. This makes no sense at all and the Swiss should have refused the initiative yesterday. Now, we need to pay this tax for a long time again with no reason.

To sum up, I will have to pay 365 CHF each year for Radio and TV services that I never use.

There is one slight possibility that I recently came across. When I first registered to this terrible tax, they told me that having internet was enough to need to pay the tax. But, looking at the official conditions, you need to have an account on an online TV service to pay the tax. Thus, I’m going to ask them to remove me from the TV tax and pay only for the radio tax. This should at least save me some money. I’m even inclined to remove my radio from my car to not pay anymore, but that’s a bit extreme.

What do you think about this ? What did you vote ?