Well that went way over my head then.
You never know on this forum sometimes though 
3 Likes
Market and stock didnāt really budge. Makes me think the time of crazy AI gains, and hopefully the talk of bubbles, is coming to a closeā¦
A better measure is how long you stick to a stable strategy.
1 Like
Exactly, @Mirager forgot a component of BĆ¼nzli.
Empowered by generational wealth, part of why it is very important to have the right thing at the right place, for the story to live on. PhD, high salaries, career progression are very optional and may even disturb the system a bit too much.
1 Like
There arenāt many European countries right now where (regular) people are chill with their finance. Switzerland is a blessing.
4 Likes
Optimism is hard to beat until the recession comesā¦
1 Like
Seriously though. I have a neighbor family with two kids. They work 40%/80% as teachers and seem to enjoy life driving around in a campervan. I think itās generational wealth, to be honest. Just being born with a Swiss passport is a huge privilege that leads to a kind of outlook in life that, I guess, itās hard for me to understand.
1 Like
Iāve seen similar, but instead of a campervan, they were gifted a multi-million CHF houseā¦
I actually donāt know how their flat is financed. They might have said they got help from parents. Itās for sure not multi million, but still.
Anyhow, my point here is not to complain. Iām just curious if this kind of attitude to life is possible otherwise. It may be a skill to learn (or teach kids).
I think median income in Switzerland is less than 80K. Obviously lot of people live and retire in CH with this money. I donāt think all of them have generational wealth because most people donāt own properties anyways.
of course with that income they donāt FIRE, they try to live good life but donāt splurge and they also donāt live in Zurich city centre. All of this is perfectly reasonable thing to do anyways.
4 Likes
Not sure what is strange about that particular situation? Teacher salary can be quite nice (e.g. high school/Gymnasium teacher in Zurich up to 180k/year, average at 150k).
2 Likes
Next step would be Supreme Court
2 Likes
Median income is actually around 82K per the latest stats I can find.
1 Like
Thanks. I had a number of 75K in mind. Seems it has increased over the years
Thereās a bit of popcorn later today, the jobs report. On one hand Trump was āshockedā when the numbers came lower, not bigly enough, and employing a good olā commie trick where when the numbers arenāt to the liking of the central committee we just find someone to make more likeable numbers - so todayās numbers may be better, great, big, beautiful, incredible, on the other if the trend of lower numbers of added FTEs continues it can make Fed cuts more likely.
I paid for the whole chair I am sitting on but currently using only the edge of it! /s
6 Likes
I think people like the report so far. /ns
Yeah seems they do!
I believe itās because people believe low jobs means Fed will cut rates faster because they would like to avoid unemployment spike.
Having said that jobs growth has significantly slowed
Am I missing the sarcasm or are we not seeing the same thing? The S&P500 is down 0.48% (not much but not a sign investors liked the news) and the dollar index is down 0.57% (sign of expected Fed rate cuts). So, expected rate cuts but still bleaker outlook for US stock returns.
VT is flat but down when returns are factored in CHF.
Sir, I dutifully placed my sarcasm fig leaf (ā/sā) as did fellow forum colleague @Mirager.
So, yes, S&P down 0.48% ā actually, after fact checking myself: DOW is down 0.48%, S&P 500 is down only 0.32% --, but also Goofy ETF is up 0.31% on the day.
Anyway, what are we arguing about again? 