Another silly question, there is no guaranteed minimum with VIAC, is that correct? it’s just to understand but potentially I could loose everything right?
Also, what happens if I decide to buy property, can I use my third pillar with VIAC as I would have used a 3a with insurance?
Would it not make sense to keep half of the third pillar with insurance and the other half with VIAC?
Thanks
Another update for the community,
I just spoke with both Axa and Swisslife and thy have given me the buyback value.
For Swisslife I have paid so far 6566 CHF, payback is 6309 CHF
For Axa, I have paid so far 7800, payback is 7000 CHF
So given the opportunity cost I have lost because of not investing it properly I will only loose a small amount of the capital.
Now, how is this possible, that I don’ t have to pay any other ridiculous penalty as the horror stories share by the community?
Am I missing out on something here?
Thanks
Do you have a separate contract with that broker? Does it include a termination fee?
nope, i don’t think so
Yes, but if that happens, you’ll need ammo, food cans, and nuclear shelter. Insurance will be of no use anyway. On a more serious note, can you imagine the scenario where the global stock market goes to zero? It can get cut in half in a recession, it can stagnate for a decade, but it’s unlikely anything worse than that will happen. Especially that most of the world’s pensions funds and pension systems depend on stock market returns.
Yes, you can. VIAC is a normal 3a fund - just without the crappy insurance.
No. Better invest half and the other half keep in 3a bank account (or just normal bank account). Then cash will be your guaranteed savings - without the crappy insurance commissions. It’s better to lose due to inflation than to lose both due to inflation and crappy insurance commissions.
here is my two cents to the topic:
in summary:
On a side note: all of this won’t help you, unless you have a dependable group of people. You won’t be able to completely survive on your own. The next bigger (organized) group / clan will just come and haunt you down. Sorry for the off-topic
The only thing I did not consider when cancelling my 3a insurance plan was that with certain banks you could have pledged the policy for your mortgage.
In my case I had to move funds to UBS and buy their overpriced 3a funds just to get some return on my money.
1057 CHF lost out of 14’366 is roughly 7%. If I would be in your shoes, I would swallow the bitter pill and cancel both. Better to do it early, than to stick to crappy contracts.
Make sure to get the confirmation from the broker via mail, or better: an official document.
I can’t tell you for sure, but I know that the Generali offer was crappy as hell. I don’t know if I kept it, but the first 3 years the buyback amount was 0 CHF. So consider yourself lucky.
Please consider your risk-tolerance if you are asking those questions. You are in it for the long run, and you might have to stomach 40% loss of book value during your next 20 or 30 years. Which don’t matter, as long as you keep invested.
ok but how would a bank accept it without the guaranteed value given by the insurance, I thought this was the only actual advantage of an insurance 3a
will do 
I have a call on Monday, hopefully no surprises by then
As someone said above, most banks require you to move your 3a funds to one of their own products in order to pledge them for your mortgage.
You can withdraw your assets from Viac to buy your primary residence, same as with other 3a accounts. In that case Viac will sell all your investments and no guaranteed value is needed.
Viac also allows you to pledge your 3a portfolio as additional collateral, in which case the investments are not sold. However, it’s up to the lending bank to decide whether they accept Viac 3a as collateral for the mortgage or not.
As Viac doesn’t allow extremely risky portfolios, banks could easily accept at least part of a Viac portfolio as collateral. However, they obviously don’t like seeing customers using competing 3a offers, so they may refuse in order to make money from their own 3a fees. The WIR bank might allow pledging Viac portfolios but I don’t know.
Did you already make the change to the Vitainvest 100 Passive? 0.90% total TER.
Not yet, as soon as the year end stress is over, I’ll take care of it.
I’ve created the account with VIAC and will send the letters to Axa and Swisslife tomorrow.
A little suggestion on VIAC, what do you think of the Global 60 strategy? should I increase to global 80?
Thanks
Summarize all assets you have, including 2nd pillar, before deciding anything about assets allocation.
I currently have:
Around 40K invested
55K cash that I’m planning to invest in EFTs
25K in my second pillar
So 120k in total, your current asset allocation is 46% cash, 33% shares and 21% “bonds”.
I guess your investment horizon is well above 10 years? So go with Global 100 and make sure to open up at least 3 portfolios with VIAC.
thanks a lot for the feedback!
Yes, my horizon is well over 10 years, 20 to 30.
So if I understand correctly form the article you shared, I’ll open a different 3a pillar portfolio every 10 years.
Or should I open 3 different portfolios at once and split the payments between the 3?