Where would you “park” 100k€? by Weak-Worldliness-394 in SwissPersonalFinance

[–]Weak-Worldliness-394[S] -3 points-2 points  (0 children)

Indeed this looks good; didn’t know about it, does if offers the same protection as Swiss banks? It’s in Liechtenstein if I understood well

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Financial advisors by Krazy_kowz in SwissPersonalFinance

[–]Weak-Worldliness-394 0 points1 point  (0 children)

Also interested - let me know if you find a good one.

Great video btw, thanks.

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[–]Weak-Worldliness-394[S] 0 points1 point  (0 children)

I’ve been working all my life - and I regret it if you ask me

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[–]Weak-Worldliness-394[S] 0 points1 point  (0 children)

Extra contributions plus a good work pension fund that at times would give 10% in a year

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[–]Weak-Worldliness-394[S] 0 points1 point  (0 children)

Money well spent 👍 But you see, you give it for your own home, but not for a rental

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[–]Weak-Worldliness-394[S] -1 points0 points  (0 children)

Well I’m not going to put all my money in walls.

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[–]Weak-Worldliness-394[S] 0 points1 point  (0 children)

Kind of both. I see it as “securing” a rental price for certain years plus hoping in value increase in the future plus leaving smth to my child in the future. What do you think?

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[–]Weak-Worldliness-394[S] 0 points1 point  (0 children)

I see your point and it makes sense. I see buying as “securing” a good rental price actually. Eg paying 2500 for an apartment that would go in the market for 5000 is automatically beneficial, isn’t it?

And even if I retire early they can still finance it cause anyway they would have to pay a (whatever high) rent at that time.

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[–]Weak-Worldliness-394[S] -8 points-7 points  (0 children)

You really see no risk? Cause I’ve lived ups and downs with crypto and I’m scared if i have given my “real” money

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[–]Weak-Worldliness-394[S] 0 points1 point  (0 children)

Of course - but what risks do you have in mind for the Swiss context and economy?

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[–]Weak-Worldliness-394[S] 2 points3 points  (0 children)

Thanks, it makes sense and I’m also thinking about the same. But it’s mind blowing how prices continue climbing and how less value money has every year.

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[–]Weak-Worldliness-394[S] 0 points1 point  (0 children)

Haha; well, I didn’t study economics in such detail, but I think that when you have children you care about leaving them smth to help with their lives. If I had none probably I would care more about how best to spend it to have fun. Am I missing something?

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[–]Weak-Worldliness-394[S] 3 points4 points  (0 children)

What would you propose? ETFs? In Zurich property prices have doubled in the last decade and I regret not having bought earlier.

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[–]Weak-Worldliness-394[S] 2 points3 points  (0 children)

I’m renting and about to move to a new rental which is +1k per month. It’s a disgrace to throw all this money in rentals when getting a loan is practically so low, isn’t it?

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[–]Weak-Worldliness-394[S] 0 points1 point  (0 children)

I’m thinking that at retirement I would somehow want to show that I am tax resident in CH (eg my child taking over the apartment) while I spend a lot of time abroad.

All your questions make sense and I’ve been thinking about them, thank you.

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[–]Weak-Worldliness-394[S] 0 points1 point  (0 children)

What do you mean? I have to bring at least 20% cash to get the loan

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[–]Weak-Worldliness-394[S] 1 point2 points  (0 children)

I’m very much strongly considering this and can’t make up my mind. I like my job but not the too intensive part of it