I am an Italian guy living in Switzerland since about 4 years.
I just finished my PhD in Computer Science and I am about to jump into the job market. I got interested in the FIRE movement watching a video of @MrRIP a couple of week ago. I started to read then his and a couple of other related website/forums, mainly specific to Switzerland.
I would like to share my current situation and ask for feedback on how to improve it.
I have already several ideas, but I’d enjoy some confrontation here
In these years with my PhD salary I was able to do the archive the following:
- about 40k on a UBS saving account, meant to act as emergency savings;
- about 20k in my third pillar invested at UBS (Vitainvest 75 World fund) that I believed to be a brilliant investment before knowing about its TER (1.7%);
- about 10k laying on an Italian saving account.
My idea is to invest big part of what lies on my saving accounts on ETF via IB or DeGiro (given I won’t reach 100k in the very near future) and to keep much less for emergencies. I would like to keep it simple using 3 kinds of ETF, one for world shares, one for CH shares and one for CH bonds (in about 50/30/20 percentages).
For my third pillar I was thinking about moving to VIAC or Finpension. I have no idea of how complex is to do the transfer. An option could be to just start a new one there.
I would also be interest in knowing your opinion about the new mobile-only banks like Neon or Zak. As said, at the moment I am with UBS. I have a Young Professional account that costs me 6 CHF per month.
I know that the other alternatives do not have fees but I don’t like the idea of doing every kind of operation with my smartphone. Plus, I could never complain about the service at UBS.
That’s it basically Thank you very much!