Tag Archives: 9) The Poor Swiss

(Disclosure: Some of the links below may be affiliate links) 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. Contrary to what credit card companies want you to believe, it is often better to get a credit card with no fee and smaller cashback than an...

(Disclosure: Some of the links below may be affiliate links) 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. In this...

(Disclosure: Some of the links below may be affiliate links) 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. The idea of diversification is mostly to invest in many companies and many countries. But there are other forms of diversification that we are...

(Disclosure: Some of the links below may be affiliate links) 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. I hope you agree with me! This article is a retrospective of this...

(Disclosure: Some of the links below may be affiliate links) Zak and Neon are two good Swiss Digital bank accounts. They are both entirely digital and accessible through mobile applications. The great thing about these bank accounts is that they are significantly cheaper than conventional bank accounts. Their low prices are what make their success. And they have some attractive features. But which one should you choose? Which of Zak vs Neon is better for you? Let’s...

Depending on which index you are following, the bull market is back! It is now time to reflect on the bear market. If your portfolio is not yet out of the red, it does not hurt to be prepared. We have already discussed the things you should do during a bear market. The most important of these things is not to panic. But when the stock market recovers, there are a few more things you can do. It is now time to think about what happened and analyze how you have acted...

(Disclosure: Some of the links below may be affiliate links) It is time for another monthly update! June 2020 flew by us! Like last month, we had to pay a ton of taxes. I did not pay enough taxes last year, so this year is very high. Fortunately, we had less to pay this month than in May. So, we still managed to save a little amount of money. It is better than last month, where our savings rate was zero. Except for the taxes, this month was relatively uneventful....

(Disclosure: Some of the links below may be affiliate links) You have probably heard a lot about Financial Independence. A lot of things on this blog are about my path to Financial Independence (FI). But why would you want to be financially independent? There are many reasons for wanting to be financially independent. And as you will see, retiring may not be the most significant reason. In this post, I am going to list the main reasons people want to be Financially...

(Disclosure: Some of the links below may be affiliate links) When you are investing, you want to minimize your investing fees. It is something most people already realize. But what most people do not realize is how expensive fees can be in the long-term. In this article, we are going to see precisely how much investing fees are hurting you! Not only will we see that they are more expensive than they seem. We will also see that investing fees have a significant...

(Disclosure: Some of the links below may be affiliate links) TransferWise and Revolut offer services that are quite similar. They are both offering cheap money transfers in many different currencies. How can you decide between both services? I have both cards. But, I am mostly using my Revolut card. So, many of my readers asked me why I was mainly using my Revolut card, where I could have only used my TransferWise card. Today, I am going to answer the question:...