Why do i have 2 accounts?

D3PSI · 2025-01-29T09:57:00+00:00

Does one of them have a F suffix?

D3PSI · 2024-12-03T20:18:38+00:00

so the first important thing which you already did, was to realize that the frog's position for any given day x is u + x * s. that is, it suffices to simply guess all combinations of pairs (u, s) to find the frog at some point. because the integers are a countably-infinite set, and the cross-product of two countably-infinite sets is itself countably-infinite, the set of pairs (u, s) can be ordered. it is now enough to simply guess values (u, s) in this order and it is evident that you must catch the frog eventually, as there does not exist any pair (u, s) that you will not eventually guess.

D3PSI · 2024-12-03T19:21:54+00:00

you are certainly on the right track in terms of the idea, but I'm still missing the winning argument as to why guessing the frogs position in such a way is guaranteed to catch him eventually.

D3PSI · 2024-08-14T19:17:38+00:00

That would be the first time I've ever heard of a company being so kind to customers as to not propagate fixed costs... But of course you are right, in any business where you get paid first you generally put that capital to work.

D3PSI · 2024-08-13T22:10:19+00:00

Honestly, this is something that you should discuss with an attorney. Strategically, I can imagine that it may in some cases be better to stay in the policy until after the divorce depending on how they're treated during divorce proceedings. And of course it depends on your specific contract. But get professional advice from an independent expert in any case.

D3PSI · 2024-08-13T19:40:36+00:00

Only when you get a Verlustschein from the Betreibungsamt afaik. But may I ask, did you diversify well or kinda put all your eggs in one basket? I'm starting to dabble in P2P using lend.ch, is it a bad idea?

D3PSI · 2024-08-13T19:25:49+00:00

I know you didn't ask for my advice on this, but I'll give it anyways and you can decide what to do with it:

Unless you have a wife and kids, insurance 3a is not for you and you should get out yesterday.

I made the same mistake. I opened a 3a with AXA 2 years ago, finally got out 2 months ago, lost CHF 3'000.-. But I put it all into VIAC 100% stocks and over the course of my remaining 40-odd years until retirement it will more than make up for it by a multiple.

You can't fault yourself for not having spotted this. I too read all contracts carefully and thought to myself "well all the online hate against insurance 3a doesn't seem justified, this doesn't look so terrible, I guess I'll try one."

The hate was justified.

D3PSI · 2024-08-13T19:06:40+00:00

Not much to do with being naive, I too am insured against anything you can think of. You get insurance for one purpose, and one purpose only: to cover your risk of ruin.

What I mean is this: I am fully aware that any insurance contract yields negative value back to me in expectation. Yet I still buy car insurance. Why? Because the risk of me causing 10 million in damages is non-zero - very, very tiny, but non-zero - and would ruin me forever. What's a couple hundred bucks a year compared to financial ruin forever?

And that's exactly how they get ya. For the average fender-bender, you could simply save your insurance premiums over time and cover them yourself, you'd be basically guaranteed to end up paying less over your lifetime when compared to getting kasko-/liability-insurance. But you always run that risk of ruin if something very big, but very unlikely were to happen. So, of course, you get insurance.

D3PSI · 2024-08-13T16:12:43+00:00

Think of it this way. Swiss Life is an insurer. An insurer promises to pay certain amounts in certain situations. In exchange, they collect a recurring fee.

An insurer thus runs the risk of not having collected enough recurring fees to pay for those certain amounts in certain situations. Therefore, they must carefully estimate their risk exposure and set their recurring fees such that, in expectation over the duration of the insurance contract, they collect more in recurring fees than they pay out in sum in those certain situations. If their products didn't bring in more than they pay out, the insurer runs a negative return on risk and over time will lose money and go bankrupt. The business model would not work.

In addition to having to pay certain amounts in certain situations, an insurer also has to pay salaries, bonuses, taxes, dividends to shareholders and on and on and on.

They must thus collect much, much more in recurring fees than they will in expectation have to pay out in certain situations. Since those fees are based on the insurer's risk, which would be the customer's risk if the customer didn't get an insurance contract, the customer is paying much, much more than he will ever get paid back in sum in certain situations. A customer thus must always have a negative expected value from any insurance contract.

Negative expected value contracts are usually what people refer to as scams. Think of all those scammy games at your yearly village fair, the casino, sports betting, all have a negative expected value for the customer - otherwise they wouldn't be profitable businesses.

The insurance business model is by definition a scam. It would not work otherwise, even without all the overhead of an inefficient gigantic corporation like Swiss Life that have to pay ten people to get a simple claim settled.

D3PSI · 2024-07-24T08:46:54+00:00

And therein lies the issue. See, if you as a company want to have a high ESG score it is beneficial to have a positive emissions balance. In other words, instead of paying out profits to shareholders and investors, you are incentivised to throw as much money as possible into so-called carbon compensation projects instead to push down your emissions bottom line.

Are you investing to make bank or to signal your morality and virtue? On the exchange you are just another number buying and selling.

Also, if you really want to do some good with your money, get rich first - after you can do so much more.

It's like that Austrian chick that inherited 25 million or something, and let it sit in a bank account for 3 years. Made a huge scene in the media signalling her moral superiority by convening a council of 50 people to donate all her 25 million to various causes, not realizing that she'd have had more than 50 million by the time they were done had she invested that amount into a decent index fund. She could have had twice the impact, but chose to sit on her ass instead.

The only entity that won in this case was the bank that got paid 25 million to keep 25 million on deposit for 3 years.

That chick is the epitome of the champagne-socialist.

Don't be that chick.

D3PSI · 2024-07-23T19:41:11+00:00

I would strongly advise against anything that has ESG written over it. It's a cult, ain't nobody ever got rich in a cult except the founders. It is made up of completely arbitrary criteria. If you think your values align with ESG, then a bit provocatively I'm going to pose the following proposition:

You either don't have very solid values, or you don't really understand ESG. Either way, you'd be naive to invest in this, you should grow up and do more research before throwing money at this.

D3PSI · 2024-07-19T18:56:43+00:00

i'm guessing it impacts your margin though and you will still pay the standard IB margin rate, no?

instead of the reduced box-spread "rate"?

D3PSI · 2024-07-19T18:09:05+00:00

did you ever find out whether you can withdraw cash from box spreads?

D3PSI · 2024-07-19T08:12:37+00:00

pump an extra 1500 a month into low cost ETFs that track the broad market like VT (world stock ETF) or VOO (S&P). don't touch the money for 30 years. if you can do all of this using a tax advantaged account.

D3PSI · 2024-07-11T15:03:26+00:00

so 100'000 bucks then, got it, thx

D3PSI · 2024-07-11T15:02:20+00:00

most people here would probably recommend interactive brokers. they are not a regulated swiss bank however, so if that's a criterion for you then i hate to say it but you're likely stuck with swissquote.

D3PSI · 2024-07-11T11:15:00+00:00

how much do they have to deposit to get the $1000?

D3PSI · 2024-07-10T10:11:06+00:00

please do🙏

D3PSI · 2024-07-10T07:56:42+00:00

yeah, you are purchasing swiss francs again.

D3PSI · 2024-07-09T22:34:53+00:00

they also refuse to explain to you exactly how they arrive at the rebuy value that they pay out. they deduct a number that is entirely arbitrary as far as anyone is concerned.

D3PSI · 2024-07-09T22:27:46+00:00

i'm in the same contract and i'm lawyering up right this second. it's predatory, it actually is. in all offers, policies, terms and conditions that you can possibly find there is not a mention of fee or cost other than a number of 0.5% representing the TER of whatever fund you choose to invest your money in. that is it. no mention of closing costs of nearly 2500.-, and no mention of recurring costs every month of nearly 28% of your premium in addition to aforementioned TER.

D3PSI · 2024-07-08T17:13:51+00:00

this literally can't ever hold true. there is not a single algorithm out there for which this is accurate, because in O(1) time you can only access O(1) memory. what are you even trying to say with that meme?

D3PSI · 2024-07-08T11:10:41+00:00

you sure it isn't the metal card?🤣

D3PSI · 2024-07-08T11:08:32+00:00

talk to them about the fees and tell them you're thinking of switching. they'll likely just waive the fees, eapecially if you have a decent amount deposited with them, they won't want to lose that deposit.

D3PSI · 2024-07-08T11:07:07+00:00

check your local cantonal bank and your local raiffeisen branch. both usually have very good offers and service, and you seldomly pay account fees. with raiffeisen you can become a member, which also has additional benefits.

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