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 it’s 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, it’s hard for me to understand.
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I’ve seen similar, but instead of a campervan, they were gifted a multi-million CHF house…
I actually don’t know how their flat is financed. They might have said they got help from parents. It’s for sure not multi million, but still.
Anyhow, my point here is not to complain. I’m 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 don’t think all of them have generational wealth because most people don’t own properties anyways.
of course with that income they don’t FIRE, they try to live good life but don’t splurge and they also don’t live in Zurich city centre. All of this is perfectly reasonable thing to do anyways.
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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).
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Next step would be Supreme Court
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Median income is actually around 82K per the latest stats I can find.
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Thanks. I had a number of 75K in mind. Seems it has increased over the years
There’s a bit of popcorn later today, the jobs report. On one hand Trump was “shocked” when the numbers came lower, not bigly enough, and employing a good ol’ commie trick where when the numbers aren’t to the liking of the central committee we just find someone to make more likeable numbers - so today’s 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
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I think people like the report so far. /ns
Yeah seems they do!
I believe it’s 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 (“/s”) as did fellow forum colleague @Mirager.
So, yes, S&P down 0.48% – 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? 
Thanks for the clarification. My optician and psychiatrist will have to fight for my money over this as yours had completely eluded me.
@Mirager’s “/ns” confused me as I read it as potentially “not sarcasm”.
I think the arguing is about the proper way to chronicle things? I’d say you won this one.
You read it correctly! The report was bad and the overall situation looks bad but the market’s “reaction” was essentially daily noise.
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Goofy’s turn now to see his optician …
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All of you passive degens prudent Bogleheads have so far poured over $800 billion into ETFs this year … 
“ETFs crack $800b in YTD flows, that’s a breathtaking $5b/day pace. I’m old enough to remember $1b/day. That puts them on pace to hit about $1.2T this year, a new record.”
(Source)
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Impressive to see the inflow in ETHA and JEPQ.
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The top is in?
Also, sorry about France, a country near and dear to my heart about to be dragged through the mud, market doesn’t seem to care?