Greetings to everyone!
I discovered the Mustachian Post through Mr.Rip (retireinprogress) and I discovered him through the Englishforum
First of all I would like to thank you for all the helpful posts and advice in this forum. I’m reading the forum as a Guest for the last two months and I thought it’s time to make an account and introduce myself.
I’m 27 years old and I came to Switzerland in the Spring of 2016 right after my studies for work. I’m working since then for one the two big Banks in Zurich as a Data Scientist.
A challenge compared to the rest of the forum is that I’m obliged to use the bank that I work for as a broker since my role is classified as “Sensitive” due to my data access. That basically means at least 40-60CHF fee per trade! Anyone in the forum facing the same “challenge”?
To minimize these fees I’m making a big trade of 5000CHF the first Monday of every month. Furthermore I’m trying to use SIX (lower fees) as an exchange and find a version of the ETF in CHF (if possible) to minimize the FX fees as well.
I started this “strategy” at September 2018 (my first ever trade was buying the very top of the market before the collapse )
Here is my Target Asset Allocation* :
|S&P 500 - USA big cap||20||VUSD|
|USA small cap||10||CSUSS|
|Europe Big Cap||15||MEUD|
|Europe Small Cap||10||CSEMUS|
|Emerging||10||IEMG - I need to change it|
|REIT||10||REET + IPRP|
|Bonds||20||Mostly through PIllars 2&3, no more buying of bonds|
What are your thoughts? What would you change in that allocation?
My Pillar 3 for the years 2016-2018 is with one of the Big Banks and starting in 2019 I opened a VIAC.
The goal is to reach around ~1.5M Net Worth at ~40 and FIRE
*That allocation is heavily influenced by Mr.Rip’s portfolio