PostFinance increasing fees – Migros the best Swiss bank ?

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I have used PostFinance as my bank for a very long time now. I have used it ever since my first pay, 14 years ago. For the most part, I am quite satisfied with it as a bank. I have a checking account and a few savings account on PostFinance. And I also have my third pillar on PostFinance. I was thinking of staying at PostFinance for most things except for my third pillar which I was thinking of moving to VIAC. However, it seems they decided otherwise.

Currently, I am not paying anything for my accounts. But PostFinance just announced that they are increasing their fees significantly (Source). Starting in January 2019, I am going to have to pay 60 CHF per year for my account. This is not acceptable to me. The service will be exactly the same but for a higher price. I know this is not a lot of money. But this is the kind of things we should fight against. So I am going to change bank as soon as possible. In this post, I am going to discuss the new fees and the options I have as a new bank in Switzerland.

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One year blog anniversary! Lessons and next steps

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I cannot believe it has already been one year since I started blogging. On October 10th 2017, I wrote the first blog post of The Poor Swiss. I have learned a lot of about personal finance in that year. And I have also learned a lot about blogging. Even though this was not my first blog, I still had a lot to learn. And I still have a lot more to learn now!

In this post, I am going to talk about my first year of blogging. If I say this year, it will the year of blogging, it will not be 2018 ;)

Recently, I have talked about the reasons why I am blogging. Now, I am going to share numbers about how the blog is doing. I am also going to share the things I did right and the things that did not go well. However, I still have a lot of work to do to improve this blog. I am hoping that it gets better over time.

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Grow your income or spend less to reach FI ?

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When you are trying to reach Financial Independence (FI), the best way to do it is to increase your savings rate. Your savings rate is the amount of your net income that you are able to save. For this, you have two options. You can either spend less or grow your income. These two options will directly increase your savings rate. And as result, they will speed up your road to Financial Independence and make you reach FI faster.

So which should you focus on if you want to reach Financial Independence ? There are some advantages and disadvantages to each of them. They do not accelerate your path to FI at the same rate. Find out what you should do to become financially independent.

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How I made $2’000’000 on the stock market – Book Review

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No, I did not make two million dollars in the stock market. But I just read a book about a man who did ;) I finished reading “How I made $2,000,000 in the stock market”.

This book tells the story of Nicolas Darvas who made two million dollars in the stock market, in less than two years. Nicolas Darvas is not a professional investor, but a dancer. He is touring around the world, going from one show to another. The book tells his story from his beginnings with many mistakes to the successful. I thought it was a very interesting story. You can learn many things from his mistakes and from his successes. Even though the book is quite old, I think it is still mostly relevant to today. You

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7 blogs on FIRE I really like

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This post is not about my blog but about other blogs! As I mentioned several times in the past, I am reading many other personal finance blogs. Some blogs are purely about investing and some blogs are entirely about Early Retirement. However, all of them contain some important lessons if you are on the road to Financial Independence (FI). Some of them helped make the Financial Independence and Retire Early (FIRE) movement as popular as it now. I think it is also important to share with the community and not only focus on a single blog.

There are several reasons why I read other blogs. The first reason is to learn from others. Indeed, I am far from being an expert in FIRE. I like reading what people are doing to achieve FIRE and especially what people who already achieved FIRE can teach me. Also, I like reading in general and some of these blogs have really enjoyable content. Another reason is to get some inspiration for my blog. I am not talking about copying their blog posts. But I am talking about making my blog by learning from others.

The seven following FIRE blogs are in no order. I do not have a favorite in these seven blogs. They all are my favorite blogs. I also read many other blogs. But the entire list would be too long to publish here. I strongly encourage you to take a look at them if you are not already reading them!

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September 2018 – Car repair and plane tickets

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After poor financial results in August 2018, it is time to review September 2018. Even though we had some big expenses this month, the results are better. We were able to save more money this month. It is still not perfect, but it is very slowly getting there.

Not a lot of things happened in September 2018. I spent about ten days in the United States for my company. This was not expensive since everything was paid by my company. I did some shopping though. However, we bought plane tickets to China for the next Chinese new year. And we had to pay the repair for the car accident of Mrs. The Poor Swiss. This made a very large dent into our budget.

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Disaster file – A simple way to prepare for your death

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Today, I am going to talk about a subject that most people would rather not talk about: death. More specifically, we are going to talk about what will happen to your family after your death. Even if it is not a funny concern, you should prepare for your death. Not for you, but for people who depend on you. The bills will not stop to come after your death.

Your loved ones just went to the tragic event of your death. Now, they may be faced with new difficulties. What if you are the only one that knows how to get access to the banking system? What if you are the only one with access to all the insurances policies?

A disaster file is one way to help your loved ones during this trouble. This will help in that case, but it will not solve all the possible problems of course. It is a first step to be better prepared.

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9 Reasons to live in a small countryside village

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I have lived in a small village all my life. Actually, I have lived all my life inside the same village. And I do not really want to change this. A lot of people find this very surprising. Today, we are going to discuss why anyone would want to live in a small country village.

For me, there are too many advantages of living in the countryside and especially in a small villages. Of course, there are also disadvantages and some people may not like it. But for me, it is great :) In this post, we are going to focus on the main reasons why I love living in our small village.

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What’s an opportunity fund ? Be ready for a bear market

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I have already talked about the emergency fund before. Today, we are going to cover a different kind of fund: the opportunity fund. It is not as well-known as the emergency fund. And it is not nearly as used at the emergency fund either. However, I think it is important to know what it is.

As its name indicates, this is a fund that contains money waiting for an opportunity. The idea is to get ready for investing opportunities. The best opportunity in the stock market being a full-blown bear market. In this post, we are going to see exactly what purpose this kind of fund serves. And also I am going to discuss its downsides.

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One day in Washington D.C. – Frugal and Awesome

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This month, I spent ten days in the United States for my company. Since it was not far, I and one colleague decided to go visit Washington D.C. while we had the chance.  We only went there for a day but we already were able to see quite a lot of things.

Washington D.C. is the capital of the United States. It is just between the states of Maryland and Virginia. It is interesting to know that they in no real state. In fact, Washington D.C. is in the district of Columbia (hence D.C.). And its inhabitants do not get a vote in Congress. It is not a huge city, having less than one million people. But it contains many very iconic buildings such as the Capitol, the White House or the Lincoln Memorial. It is really a nice place to visit.

The day was quite cloudy during our visit. Unfortunately, some of my pictures are not very clear as a result. But we did not get any rain and the trip was very good. And very frugal. I managed to not spend anything in D.C. :)

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