So, you need a financial advisor, but do you truly understand the full extent of the benefits? Consider these Magnificent Seven Concepts: Concept One: Financial Advisors are NOT Portfolio Managers. Most consumers believe that financial advisors are primarily investment selectors and asset managers. While these duties are valid, they are not at the top of an advisor’s list or priorities. Many financial advisors outsource these duties to third-party experts...
Read More »Inheritance tax idea has low public support, survey finds
Members of the Swiss Young Socialists party (JUSO) handing in the signatures for their initiative in Bern, February 8, 2024. Keystone Listen to the article Listening the article...
Read More »Crypto Wealth Report: Integration of Cryptocurrencies Boosted by Institutional Interest
Cryptocurrencies are increasingly being integrated into traditional finance, driven by both retail and institutional interest. Financial institutions are embracing tokenization and institutional investors are increasingly entering the cryptocurrency market. Bitcoin, in particular, is emerging as a valuable diversification tool in wealth management, highlighted for its low correlation with traditional asset classes and its strong growth performance, a new report by...
Read More »How ‘nearshoring’ is driving Swiss companies to move to Mexico
Mexico is an ideal location both geographically and economically. New registrations from Swiss companies are currently the order of the day. Credit: Matt Gush / Alamy Stock Photo Listen to the article Listening the article...
Read More »Watergate-era “reforms” made the federal government even stronger
Today is the fiftieth anniversary of the resignation of President Richard Nixon, who later was pardoned of all Watergate crimes by President Gerald Ford. The Watergate break-in occurred at the Democratic National Committee headquarters office in June 1972 at the Watergate building in Washington, DC, during a presidential election year. The Nixon Administration exerted great effort to conceal its involvement in the break-in. The United States Department of Justice and...
Read More »USD/CHF attracts some sellers below 0.8600 as geopolitical risks draw investors to safe-haven Swiss Franc
USD/CHF loses traction around 0.8590 in Thursday’s early European session, down 0.30% on the day. The US Fed is expected to cut rates more aggressively beginning in September. Strong safe-haven demand benefits the Swiss Franc against the Greenback. The USD/CHF pair drifts lower to near 0.8590 during the early European session on Thursday. The Swiss Franc (CHF) gains traction from the unwinding of carry trades and escalating geopolitical...
Read More »Explainer: how stock market plunges impact Switzerland
Could stock market jitters be a symptom of deeper problems? Keystone-SDA Listen to the article Listening the article Toggle language selector...
Read More »US Dollar set for second day of gains while volatility declines and market woes fade
The US Dollar recovers for a second day in a row this week. The BoJ dropped mixed messages on its monetary policy. The US Dollar index pops above 103.00 and rallies higher on Wednesday. The US Dollar (USD) recovers as all asset classes start to head back to more normal levels. Equities are behaving quite well and are stable, volatility is easing, and safe havens such as Japanese Yen (JPY) and Swiss Franc (CHF) are easing further against the...
Read More »America reaches a sad milestone
Last week the national debt reached 35 trillion dollars, a mere seven months after the debt reached 34 trillion dollars. To put this in perspective, the national debt first reached one trillion dollars in October of 1981, almost 200 years after the Constitution’s ratification!The fact that the government was adding one trillion dollars in debt in little over half a year was not deemed worthy of comment by President Biden, Vice President Harris, and most other US...
Read More »China’s competitiveness is driven by low taxation, not by industrial policy
The West is getting increasingly worried about China’s export prowess as its companies are rapidly gaining market shares in green and high-tech industries. Recently, U.S. Treasury Secretary Janet Yellen accused China of industrial overcapacity and urged Europeans to respond jointly to the latter’s nonmarket practices. Allegedly, China is flooding international markets with cheap products of good quality primarily due to industrial subsidies. The U.S. and its allies...
Read More »