Hello, fellow Mustachians:man_red_haired:, though I honestly cannot put myself in this group (yet) as it is taking me a while to read through everything and adapt. Slowly but surely.
As I continue this quest and become more knowledgeable about the Mustachian way and investing in general, all the advice says get started now. I feel bad with every passing day that I do not have money invested. So that is my objective.
This said, my current investing strategy comes from this MP post which aligns with Warren Buffets constant advice to invest in low fee index funds for a long period of time. The data backs this strategy time and time again.
Finally working now in Switzerland after graduating here last year (originally from Canada) I want to start put anywhere from 100 - 500 a month / or DCA quarterly into some nice index funds/ETFs with a long investment period (~ 30 years). I would start with between 8k and 10k as a lump sum and then 100 - 500 monthly/quarterly depending on transaction fees and criteria of the brokerage.
From my reading here, both from the MP blogs and the forum, it seems True wealth is where a newbie begins and gets their feet wet. Simple to use, very passive, and prices are decent up to 24,000 CHF apparently. I am almost at the 8,500chf minimum to start this. Though it is possibly expensive and time-consuming to move it all out to another broker account which seems to be the play with anything above 24,000CHF.
After 24k, interactive brokers seems to be the favourite. Though that seems to be for more active investors. I do plan to continue to grow my knowledge as I am reading constantly and I find it interesting and fun to learn. But I am not at the level of active trading yet and feel that I would want a long passive strategy anyways to start building for retirement.
Corner Trader seems to be the middle ground but I am not sure. Especially with the two-factor authentication not quite right yet.
I would greatly appreciate any advice, thoughts, and knowledge on the matter. Thank you in advance for your time and effort. I hope to learn and be successful so I can return the favor to another dumb newb (throwback Thursday there) like me right now