The Happy Mind – Live Happier – Book Review

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I have just finished reading The Happy Mind by Kevin Horsley and Louis Fourie. This book is about living a happier life. This is the first book I ever read on happiness. Normally, the books I read and report on this blog are more related to personal finance. But as we are going to see, the two concepts are not unrelated!

This book is about how to define happiness. It is actually more difficult than it seems to define this concept. It is very specific to each people. But, by studying happy people, we can get a better view of what makes them happy. And on the contrary, by studying unhappy people we can learn even more about happiness.

From the definitions of happiness, the book goes on to give many practical tips about how to get your life in the tracks to happiness. This will not change your life overnight. But adapting some of these pieces of advice could help live your life better.

Stay tuned if you want to learn all about happiness.

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How I moved my portfolio with Cash and Market Timing!

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I am sure you have heard many times that market timing is bad! I have even said it on this blog several times. But recently, I did some market timing. I had to transfer my entire portfolio from one broker to another. And by the time the money was transferred, the price had increased too much. So I timed the market!

And market timing saved me about 1000 CHF. But do not take me wrong, I still would not advise this to anyone. Hell, I would not even do it again. It would have been much better to automatically transfer my portfolio from my previous broker to the new one!

In this post, I am going to detail how I switched my portfolio from DEGIRO to Interactive Brokers. I used some extra cash to help me. And I ended up timing the market to buy back my shares. You need to keep in mind that my portfolio is fairly small. I only had to transfer about 50’000 CHF worth of shares. Some of the things I did would not have been possible with a much larger portfolio. There is no solution that would fit all situations!

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How to find great and free images for your blog?

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Something I had a lot of trouble with when I started my blog was to find some great images to go with the articles. In fact, I am still not very good at adding images to my posts. But I am trying to improve on that subject. Whenever I can, I am using the pictures me and Mrs. The Poor Swiss take. But for many subjects, I do not have original images. I am a poor photographer myself and Mrs. The Poor Swiss do not have images for all the subjects I am writing about.

The most important thing about images is that you need to have the rights to include them on your blog. You are not allowed to simply take an image on another blog and use it without getting the rights for the image. Even if you cite your source, this is not enough. Fortunately, there are many sources of images for which you have the rights to use them. Once you know where to look it is actually pretty easy to find free to use images for your blog. I have to yet to find a single collection that always gives me the best result. So I am using several options to find the images.

In this post, I will list the best options I am using to find great and free images for my blog posts. As we will see, however, some free images are not always usable on your blog either. You need to be careful about copyright laws when you use pictures that you did not take yourself. Actually, the same laws also apply to pictures you took yourself!

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Guide to Taxes in Switzerland – Reduce your taxes!

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Taxes in Switzerland are quite complicated due to the multiple states. Each state has its own rules and even its own software to fill your taxes. Nevertheless, it is very important to know how the taxes work in order to be able to fill your tax declaration.

I want to go over the details of how the Swiss Taxes work. We are going to talk about the multiple levels of taxes in Switzerland, how is your income taxed and how is your wealth taxed. We are also going to see the things you can deduct from your income when you fill your tax declaration and how you can pay your taxes.

Of course, we cannot talk about taxes without talking about optimizing taxes. That is probably the only reason people want to learn about taxes! In this post, I am going to share all I know about optimizing taxes in Switzerland!

Stay tuned to learn all about the taxes system of Switzerland and how to reduce your taxes!

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11 Best Personal Finance Metrics You Need To Track

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Personal Finance Metrics are very important! They will allow you to track your progress to success in your personal finances. Metrics have the advantage that they are easy to compare and that you can work on improving them one after another.

This is especially true if you are on a journey towards Financial Independence. You will need to track and improve many metrics in order to become Financially Independent. Just tracking a metric is meaningless, you need to make sure this metric improves over time. Or at the very least, you need to make sure, this metric does not get worse.

In this post, I will list The 11 Most Important Personal Finance Metrics you can find. If you track these 11 metrics and you work on improving all of them, you will be well ahead of the majority of people who probably do not track more than one or two of these personal finance metrics.

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Distributing Funds vs Accumulating Funds: Which is better?

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It can be difficult to choose between Distributing Funds and Accumulating Funds when you need to choose two funds. And the problem is also the same when you need to compare two Exchange Traded Funds (ETFs). At first, it was not clear for me which one was better when I started designing my portfolio. Now, I always prefer Distributing ETFs.

Most shares pay a dividend to its shareholders. If you hold shares of a company paying a dividend, you will receive cash dividends several times each year. Since a fund is holding many shares, every fund will receive dividends. Once a fund receives a dividend, it will have to give it back to the real shareholders: you!

There are two ways for a fund to give back the dividends back to the investors. First, it can give back the money directly to the shareholders. This is a Distributing Fund, also called an Income Fund. Or, it can reinvest directly the dividends into the funds, hence increasing its value. This is an Accumulating Fund or a Growth Fund.

Whether you talk about funds or  Exchange Traded Funds (ETFs) is exactly the same in this context. A Distributing ETF is simply a Distributing Fund traded on the stock market.

In this post, we are going to go over the differences between Distributing Funds and Accumulating Funds.

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The 5 Most Used Stock Market Order Types for Investing

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If you are using a broker, you probably have seen that there are many types of stock market order types that you can for investing. Are you overwhelmed when you see all these options? Do not worry, most of them you will never need.

Personally, I have only used three different stock market order types in my investing life. Active Traders may use many stock market order types. But passive investors are not going to need more than a handful of them. In this post, I am going to go over the five most-used stock market order types that are available in most brokers.

All of these Stock Market Orders are available in Interactive Brokers (IB), my current stock market broker. But most of them should be available in most serious brokers.

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9 Tips to Protect Your Online Personal Finances in 2019

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In these days, most of your personal finances are probably done online. You probably have access to your bank through an online banking platform. Also, you are likely to access your broker through your browser or through your phone. If someone is getting access to your online personal finances, he can do a lot of harm! You need to protect yourself!

It is very important to protect your Online Personal Finances! There are many things you can do to avoid getting hacked. Many people have very poor online security because they think it cannot happen to them. But it can happen to anybody! And some people do not care because they only think of their Facebook user for instance. You may not care about your Facebook account. But you need to be extremely careful about your Online Personal Finances!

Contrary to what a lot of people believe, anybody can be a target for hackers. You want to avoid being an easy target. Most hackers will stop early because they want to focus on easy targets. You are unlikely to be a target of a team of hackers ready to do everything to get to your online accounts.

Now, I am not a security expert. But I am a computer scientist and I have had several courses about security. I want to share with you some simple tips that could greatly improve the security of your personal finances!

Here are 9 Tips to Secure Your Online Personal Finances! If you follow them all, your online personal finances will be much more secure!

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N26 Digital Bank – Save on Foreign Currency Fees

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Everybody will agree with me that paying 1.5% of fees, or more,  on each transaction abroad really sucks! That is not something you want to think about when you are on vacation or shopping online in other countries. Thanks to N26, this should never be necessary anymore!

N26 is a digital bank offering transfers in other currencies for free! Not only that, but the entire bank account is actually free! And they are a bank! Your money is insured according to European laws. You can even withdraw money for free several times a month! That sounds great, right?

In this post, I am going to cover everything you need to know about N26. And since I have already talked about Revolut on this blog, I will compare both services which are similar but not totally equivalent!

Stay tuned to find out how to save money on foreign exchange fees!

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5 Frugal Tips from Swiss Finance Bloggers

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Everybody likes frugal tips. These tips help you save more money every month. I wanted to share some of my frugal tips in this article. But I realized it would be even better if I collected some of the best tips from other Swiss Personal Finance Bloggers as well. When you live in the most expensive country in the world, you need frugal tips!

These tips can help you save more money.  There are many things you can do. We have already covered some of these things on this blog. But today’s tips are not only coming from me! They are coming from some of the best Swiss Personal Finance Bloggers!

Stay tuned if you want to learn how Swiss Personal Finance Bloggers are saving money in this expensive country!

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