I’ve been reading FIRE subreddits, forums, blogs and books for a bit more than a year now but I haven’t commited to it yet. Here’s what my plan looks like:
20 years old
150k portfolio (50% cash, 50% individual stocks)
12k 3rd Pillar
100k yearly gross income
150k invested in a global lowcost ETF portfolio (vanguard funds) on InteractiveBrokers (lump sum)
12k 3rd Pillar invested with Viac
additional monthly investment of around 5-6k+maxing 3rd Pillar
Do you guys use any specific creditcards in order to capitalize on some kind of miles or points? I’m currently using a Visa card where I accumulate “surprize” points. However, I don’t think they provide great value. The best deal are the reduced 20CHF eat.ch coupons for 2300points.
I’ve read that on Interactive Brokers tiered fees are often times cheaper than fixed fees. Is there some kind of simulation to compare those fee types?
I’ve been using a pretty rudimentary google spreadsheet to track my expenses. Are there any good tools/apps around that you can use for this? I’d like to have expense categories, charts and monthly changes.
Regarding the IB SIPC coverage. Do I understand it correctly that as a swiss resident I’ll be only covered by UK’s FSCS (85k GBP)? Does that exclude the value of the ETF’s?
Considering my change from banks as brokers to IB: Would it be cheaper to sell the stocks and transfer them to IB after that or should I transfer the stocks to IB and sell them there? Does anybody have any experience in this regard?
ETF Allocation: After reading through quite alot posts in Investing/Portfolio I’ve been considering 4 different portfolios:
I can’t really decide between these. Please give me some guidance.
My viac target asset allocation currently looks like this:
35% CSIF SPI Extra
60% CSIF World ex CH or iShares Core S&P500 (what are the differences?)
What should I do with the remaining 2%? I’ve noticed that it still gives me the option to invest these 2% into CSIF CH Real Estate. Could this be an option? Or just leave them in cash?
Is there any room for improvement? Or do you have any other recommendations for me?
Thank you so much for reading through this post. Looking forward to any responses