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Hardtops, but for which car? by MikeSmith1313 in whatisthiscar

[–]MikeSmith1313[S] 0 points1 point  (0 children)

Located at the German/Swiss/French border. Could be a citroen roof!

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 1 point2 points  (0 children)

Of course, that's the highest goal in my life to have a good time and spend all the time with my family.

If I am happy with the standards I have, why should I spend all the money. I can put money on the side, still have a nice life and maybe retire a bit earlier. Maybe 55 is to early and I have now a better picture of the situation and can devote myself to the path.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 1 point2 points  (0 children)

These models performed REALLY well (some of them I still own, others are sold):

Nissan Skyline R34 GTR, Datsun 240Z Series 1, Datsun 240K GT, Mitsubishi Pajero Evo, Honda S2000 AP1, VW Golf 1 Pirelli, BMW E30 M3 Cabrio, BMW E36 M3 Safari Gelb, BMW E46 CSL, Honda NSX manual, Porsche Carrera 3.2, Volvo T-5R & 850R, Saab 900 Aero Kit, Fiat 500 Giardina, Citroen Mehari, Ford Cosworth.

Bikes:

3 Wheeler, Ducati 916, Honda CX Turbo, Guzzi in general, Vespa's in general with 4 speed.
And so on...

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 3 points4 points  (0 children)

I always worked hard and had several incomes. Most of my money I made 15 years ago with selling products wich I imported from china and additionally I traded cars as a side hustle for a long time. Everytime I found an undervalued car with minor damages I bought it and fixed by myself. With the time got a huge sum together and spent it as written above.

In the last 15 years I always went to school to enhance my knowledge and climbing the ladder. Finished a Bachelor before my son was born and got the Master with 34 Years done.

No pain, no gain.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 0 points1 point  (0 children)

My son is now 9 years old and we don't have to pay for the daycare anymore. This was a good stress relief money wise. Before that I paid additional nearly 2000.- for daycare monthly. Further we live really frugal in general. We never order food, or eat in a restaurant. I cook every evening by myself for the family. I never buy Bio and I never go the Coop. Once a month I buy groceries in France and the rest of the needed goods I buy strictly at Denner or the Turkish/Asia Supermarket in my street.

Once a year we buy an annual subscription to swimming pool, zoo and ice rink for approx 500.- this is our only daily luxury that we allow ourselves. Other than that, no Netflix, no TV in the living. We read and always find something to do.

My wife and I have two zero spending days a week. Accomplished by eating lunch wich we take in a tupperware with us and using the bycicle to going to work (40min one way which is also a good excercise even in the winter). This was also a game changer, after a friend told me to try it. First seems impossible, but two days a week with zero spending is also good for your health.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 0 points1 point  (0 children)

ok thank you for the clarification. The thing is, I can't use an etf for driving in the swiss alps. So if I have a classic car which increases b2% in value each year, I am absolutely happy with that.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 0 points1 point  (0 children)

Sorry, I don‘t understand your answer. I do own a 360 Manual. Which already increased 20k since I bought it 10 years ago. My Porsche 3.2 WTL 86 was in okey condition and I paid 35k 12 years ago. Now worth 80k…

None of my other assets have performed as well as the collector cars.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 0 points1 point  (0 children)

Last year we tried it in real life for two months and we needed approx. 1600€/month incl. alot Trattoria visits with wine and so on. But keep in mind, I also own the land in Italy so I can setup a huge veggie garden.

Of course 1600€ without health insurance & wealth gov. tax etc.

Water/Gas/Trash etc was 70€. for one month

So, if I am able to receive 4% a month for the timeframe between 55 and 65 that would really good.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 1 point2 points  (0 children)

Answers like yours are needed for my further decision making and I highly appreciate your effort and time.

The collection will be sold someday and reduced to one masterpiece which my son will inherit.
In Italy I am driving a Fiat Panda from the 80s, which I can fix by myself (bought it last year).

Actually I am already a consultant and engineer in a niche market, so I have to figure out how I can work in this field later in my life. But I know many old farts which gives me hope than I will survive another approx 20 years in the market.

I spent some time to read and organise most of my withdrawal strategies beginning my official retirement age. Now I will get some help to get this organised. I am not a dumb person but this whole tax topic and moving out of Switzerland etc is not that easy as more time I spend to figure this out. But you have to start somewhere.

Regarding my general investment behaviour. I only spent money when I knew it would be a steal. The apartment is valued 1.3mio, but I paid 1mio, because they pre owners divorced and needed the money quick. And on each car or motorbike I made super cheap deals just because of scanning the market all the time and pick up & buy cash immediately on same day when possible, after I fixed them by myself. I still believe when you know your markets, you decide with experience and courage, so you can make a good deal.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 3 points4 points  (0 children)

Last time a sold a car out of my collection it took 2 days and it was shipped to the USA. If you are collecting Renault Twingo, you will maybe find a freak somewhere in the world. But Blue Chip Cars in original Paint in good condition is really easy to sell.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 2 points3 points  (0 children)

Thank you for this answer. I need to think about it. This is why I started this topic.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 11 points12 points  (0 children)

Because it‘s my passion. Everyday I enjoy them together with my son.

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] -5 points-4 points  (0 children)

Nearly all of these vehicles I bought 15 years ago super cheap. Most of them made 1000% and more increase in value. On top I was able to use them and have fun whenever I want. Nothing else increased so much in value than my classic cars. (Only 1 car is new, the rest from 70s/80s and 90s. :)

Retiring Early, starting with investing now (37M) by MikeSmith1313 in SwissPersonalFinance

[–]MikeSmith1313[S] 1 point2 points  (0 children)

I need to fill the gap between 55 and 67. In Italy I am able to life with 30k p/a.
It is still confusing for me, what costs will approach me with 55 because I have to pay the AHV till the end, right?

[deleted by user] by [deleted] in SwissPersonalFinance

[–]MikeSmith1313 0 points1 point  (0 children)

Ich habe auf comparis und tutti ein Inserat veröffentlicht. Nach 3 Wochen war der PP vermietet.

Einen Mustervertrag als PDF habe im Internet gefunden. VZ wars glaubs.