I’ve only learned about the fire movement recently. While I know the concept of saving, but the strategy like investing into low TER ETFs was new to me. My following question isn’t specifically linked to FIRE but it’s somehow connected since we’re based in Switzerland.
By law, only companies are required to keep their documents for at least 10 years.
Technically an individual doesn’t have to keep anything and could throw documents out anytime. Of course it is advised to keep certain important things like contracts, diplomas and so on forever.
How do you deal with financial documents? You’ll receive contract notes/confirmations every time you buy stocks. Even more so when using “dollar cost average”-strategies / investing monthly. Then there are account / asset statements and other stuff for dividends. That’s like 25 to 100 documents per year depending on how many brookers/banks/positions you have.
While it isn’t a big deal anymore to have everything digital as pdf, I still think this is a bit of a chore to manage. Do you throw most of the documents away after filling the annual tax declaration forms?
Thanks for your response.