I believe this is putting pressure on companies. That’s why stocks are falling
In the end countries don’t pay tariffs, importing companies do and exploring companies lose business
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Fun fact -: if I had any regrets for not investing enough during last 4 years since I started investing, now is the time
SSAC CHF is back to the levels of Feb 2021. And since it’s acc ETF, it represents total gains.
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I think what people are afraid of is if the long-only funds start rotating (think big pension funds), from what I understand so far it’s only short term investors who pulled back.
Market crash on first page of mainstream Newspapers + Jim Cramer predicts 20% more drop
That’s a buying signal for me 
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I don’t see how the current situation affects the decision about 3a.
Our 3a returns will perform (almost) as bad/good as e.g VWRL.
The reason for not putting more money there is the potential much high taxation (45%?) in case of retiring outside Switzerland. This hasn’t changed. So…
In case the tax turns out to be far less we can always fill the gaps the following years
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Right, was talking about ROI for the 3A in terms of the tax savings from the contributions, not talking about the whole sum, just what happens to this year’s tranche.
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Now you reminded me to set up my 3a payments.
If you are looking for a false psychological boost due to the current blood bath, you can do it 
Gaining 28% “theoretically now” (the money are locked) and paying 45% (applied on the capital+returns) later doesn’t seem to be a good idea though
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But shouldn’t pension funds buy more due to rebalancing?
No, a lot of pension funds have a more active stance. If they decide there’s bleeding ahead there might be a flight to safety.
I see. Let’s see what happens.
Most likely margin calls are also triggering sell off
Bitcoin is also down a lot.
Where does 45% come from?
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Retiring outside Switzerland in a specific EU country.
I updated my FIRE spreadsheet to record a -6% return for this year instead of the 6% I had pencilled in. For subsequent years, I adjusted to: -6%, -3%, 0%, 3% (and for future).
I was surprised that this small change resulted in a 20% drop in my portfolio at age 65.
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I think if market is down this year then the expected returns for future years would improve.
And if we had 81% return over the last 5 years (including this dip)?
I think long term average of 4-6% real returns should be in play for a 20 year period. However since we had two years of great returns, most wealth managers have been projecting lower returns for 2025-2034 period. Maybe next projections will improve after this 20% ++ rout
Shower thought: if a country struggles more and more to export to the US because of high tariffs, the trade deficit would be steadily be reduced until it’s gone, leading to the US tariffs being lifted, leading to increased exports, leading to a trade deficit, leading to tariffs being imposed, leading…
Oh MAGAd, it’s a vicious cycle 
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Except the last part…. No one is selling to US if the trade deficit goes to zero because this would mean reshaping of global trade in the meantime.
Howard Lutnick confirmed on Sunday that it’s not about tariffs . It’s about trade deficit.
“Vietnam sends us 120 billion and imports only 12 billion from US. We cannot have that. So zero-zero tariff is not a solution”
This means US is not trying to get countries to reduce tariffs. They want countries to stop exporting to USA. This means other countries need to shutdown factories in their local regions and open new ones in US if they want to sell in US. This also means a huge amount of capital deployment which most companies wouldn’t have if the stocks of those same companies get cut in half.
I am actually impressed with China. They have taken a tough stand and are behaving as second largest economy in right way. They are like “you want to produce all the goods we send to you yourself? Go for it and in meantime make your customers pay more for those very imports”
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