Category Archive: 9.) The Poor Swiss

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March 2021 – Splurging the bonus

2021-04-01

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2021-04-01

March 2021 was not a very special month. We could see some friends and family, which is always good. But of course, everything has to be done in small groups, so we do more invitations than usual. But there was no significant event during this month. It was a good month, though.

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Introduction to short selling: How to bet against a stock?

2021-03-30

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2021-03-30

Many of you have probably heard of the Gamestop saga. A lot of hedge funds were short selling Gamestop stocks. And some investors found out about that and decided to fight against the big hedge funds by massively buying into this stock. But what is shorting a stock? When you are shorting a stock, you are betting against this stock. But why and how to do that?

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Best places to buy second-hand in Switzerland

2021-03-18

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2021-03-18

When you want to save money on something, buying it second-hand may be a great way to pay less! Over the years, I have bought many things second-hand, and I could save a lot of money by doing so. But the question remains as to where to find second-hand items to buy. In this article, I will go over the best places to buy second-hand items in Switzerland. Some places are online, while other places are brick-and-mortar shops.

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How to file your taxes with Swiss and foreign securities

2021-03-04

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2021-03-04

One question I get often is how to file taxes with stocks and dividends. And this especially gets popular when we add foreign stocks and foreign dividends into the mix. Many people are afraid of investing because they think it will make it complicated to file your taxes. But in practice, it is not complicated to file your taxes even with a large ETF portfolio.

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How Much We Spent in 2020 – Full Expense Report

2021-02-28

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2021-02-28

I keep track of all my expenses. And monthly, I publish my expenses on this blog. But once a year, I also a full analysis of my expenses for the past year. It helps me put things in perspective. And it also gives me an idea of where my expenses are going for an entire year.

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Emergency Fund – Do you Really Need One in 2021?

2021-02-22

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2021-02-22

If you are interested in personal finance, you probably have come across the concept of emergency funds. An emergency fund is simply some money available directly that you can use for emergencies. Most people will advise you to get such an account. And they will insist heavily on this subject.

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How to manage your finances as a couple?

2021-02-16

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2021-02-16

Today’s post is a guest post by Yasi Zhang from Fast Track, talking about the very important subject of how to manage your finances as a couple. I am very happy to have her as a guest writer today.

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Investart Review 2021 – Pros and Cons

2021-02-11

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2021-02-11

Investart is a new online Robo-advisor service that lets you invest in Exchange Traded Funds (ETFs) for free! And not only that! They actually let you invest with custom strategies. So, you could use it either as a Robo-advisor or as a broker for ETFs!

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Your Marginal Tax Rate and all you need to know about it

2021-02-04

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2021-02-04

Your marginal tax rate is an important metric. But it is also a complex and misunderstood concept. Many beliefs about the marginal tax rates are wrong.

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January 2021 – Starting the new year in force

2021-02-02

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2021-02-02

We are finally done with 2020! However, 2021 did not change much so far. We are still full in COVID-madness. However, one thing changed significantly. We are now living in our new house. And this changes things a lot for us! For the better! We have settled very well into our new house. And it is much better to have nothing to do in a great house than in a small apartment.

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The Best Websites For Online Shopping In Switzerland

2020-12-14

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2020-12-14

These days, a lot of shopping is done online. It is so practical to shop for something online. It can save you a lot of time. And it allows you to compare many different websites to get the best deals easily. Shopping online can also save you some money.

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The Simple Path to Wealth Book Review

2020-12-11

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2020-12-11

I have recently ordered a few more non-fiction books, and I have just finished The Simple Path To Wealth. This book was on my reading list for a very long time. The Simple Path To Wealth, by Jim L. Collins, is about investing simply to amass enough money to reach Financial Independence.

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November 2020 – An uneventful yet expensive month

2020-12-05

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2020-12-05

(Disclosure: Some of the links below may be affiliate links) November 2020 is over, and it was another of these 2020 months. Nothing much happened during this month because we could not see many people and several things were canceled. At least, we are both healthy. And this was the last month before we move to the new house. We are really looking forward to that. This will keep us occupied! And this will keep our mind off this boring virus....

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You should invest every month not every quarter

2020-12-04

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2020-12-04

I have recently read a recommendation to invest only once a quarter instead of more frequently. I think investing every quarter is bad advice and I want to explain why in this article.

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Free by 40 in Switzerland – Book Review

2020-11-27

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2020-11-27

I just finished reading Free by 40 in Switzerland, a book about financial independence, in Switzerland, by fellow blogger Mr. Mustachian Post, alias Marc Pittet. Mr. MP was kind enough to send me a version that I could review before the release date. So I can have this review ready now that the book is available!

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The 4 Stages of Wealth

2020-11-25

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2020-11-25

During your financial life, you will go through several stages of wealth. Maybe you have already crossed several of them, or maybe you are at the first stage of wealth. Regardless of where you are, it is important to know what is ahead and prepare for your future stages of wealth. There are many things you can do to prepare your future financial stages.

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What is The Best Credit card in Switzerland for 2020?

2020-11-24

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2020-11-24

A credit card is a powerful personal finance tool. But it is only a good tool if used correctly. And unfortunately, many people are not using credit cards correctly. The first important thing is to choose a card with no annual fee. You should focus on that first.

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CSX Review 2020 – Digital Bank account by Credit Suisse

2020-11-18

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2020-11-18

CSX is a new digital bank account by Credit Suisse. They have just started this new offer in 2020. And this account is much cheaper than the standard Credit Suisse accounts. The CSX bank account can even be free if used correctly. Interestingly, even large Swiss banks are jumping on the digital bank account wagon. This is a good trend if that allows people to pay lower fees for their bank accounts.

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Diversification is important – Free lunch in Investing

2020-11-11

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2020-11-11

Diversification is often called the only free lunch in investing. It is a great way to reduce the volatility of a portfolio and sometimes increase its returns. You want to avoid having all your eggs in one basket. So, instead, you are going to use many baskets.

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Third Year of Blogging – The Poor Swiss is 3 years old!

2020-10-14

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2020-10-14

The Poor Swiss blog just turned three years old. It is difficult to believe it has already been three years since I started this blog. I have done a lot of things on this blog in the last year. Some of these things paid off. Some did not. But I think the blog is in a much better place right now than one year ago, which is always a good sign.

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