# 3rd pillar investment solution from VIAC

**URL:** https://forum.mustachianpost.com/t/3rd-pillar-investment-solution-from-viac/545
**Category:** Banks, Insurances & Third Pillar
**Created:** [November 22, 2017, 4:34pm UTC](https://forum.mustachianpost.com/t/3rd-pillar-investment-solution-from-viac/545 "2017-11-22T16:34:38Z")
**Posts on this page:** 1
**Showing post:** 16

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### Author: ![nugget](https://forum.mustachianpost.com/user_avatar/forum.mustachianpost.com/nugget/32/57_2.png) [@nugget](https://forum.mustachianpost.com/u/nugget)
#### Post date: [November 24, 2017, 11:14am UTC](https://forum.mustachianpost.com/t/3rd-pillar-investment-solution-from-viac/545/16 "2017-11-24T11:14:00Z")

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Hey Daniel,  
thanks for you positive words 😉 I’d actually be very interested in some behind the scenes visit!

> [@VIAC](#):
>
> And it looks like you guys could give us a lot of feedback!

My primry interest is to have a some world portfolio (like my [\<0.1%TER portfolio](https://forum.mustachianpost.com/t/mustachian-portfolios/108/72)) that would pay me a significant premium for the illiquidity that come with the 3a framework. [here](https://drive.google.com/uc?export=download&id=0B7SDDmlxIX1eRnFDemZoek9CZ1k) (excel sheet) i tried to simulate this, and adjusting to VIAC’s costs it looks like

 ![VIAC 3a](https://forum.mustachianpost.com/uploads/default/original/2X/2/2921b6fdb509fb13e855a1884a656d8de61f22e5.png) where you can see the premium would be order of magnitude between 3% and 5%. althoug a bit lower than 0.68% of VZ, VIAC’s 0.52% TER still eats off the tax advantage in the big picture.

so for the cost i like the development, but for me it looks like “not yet there”.

for the technical stuff i can just argue with my taste.

- i’d prefer a VTI over SP500: less TER, more diversification, but US domiciled (in case VIAC can’t qualify as qualified broker)
- I’d rather have a very small swiss allocation, according to the default world portfolio allocation
- if a big swiss portion is required, then I’d have SPI extra higher weighted such that Nestle/Novartis/Roche have the same weight as the top SPE extra positions
- I like that i don’t see CHF hedging, because on the long run hedging is a cost without benefit
- taking out the cash part from the fee _and_ paying interest is a clear win over VZ (altough only 3% of the portfolio…)

on the big picture I am happy to see some new 3a solution that might make it interesting for me again!

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