You really have 3 options (okay, maybe 4):
- Leave it in EUR. Or convert into any other other non-CHF currency. This implies an investment in some kind of fixed income product, even if it is just a cash account:
With the center of life in Switzerland and higher nominal interest, which is taxable, not recommended. The argument that EURCHF exchange rate is not good now we have heard for many years.
And here we have spelled out some considerations:
- You convert it to CHF and invest in some kind of fixed income product:
Very safe short term, losing value long-term. At this point, it’s a matter of portfolio construction, not of currency exchange.
Pro tip: if you have mortgage, tell everyone that you will use these money (after conversion) to repay it. This is an understandable and very socially acceptable way of using gift from parents, will make everyone happy. Until then, use fixed income with a corresponding duration and risk profile.
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Invest into VT/VWRL/BTC/gold/… - anything that is NOT fixed income in the specific currency. In this case, you have an exposure to the respective asset, not the currency it is listed in, don’t fool yourself.
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Invest in a real estate abroad: a very specific type of investment in itself.
And the mix of all above.