Hi fellow mustachians!
I have recently moved to Switzerland and I am looking for ways to invest long term. I consider my self more than beginner when it comes so investments and savings, but i have only done it with low amounts so far - a few thousands invested, learned a few hard lessons but reached a few healthy conclusions
Strategy for the future is, i guess, very common : max out my 3a pillar yearly and invest regularly in index trackers.
The question i have for you is how do you consider I should invest my current economies ? So far i’ve been keeping my economies in cash, in deposits but this is clearly not ideal so I am planning to move some parts of it into my investment portfolio, asap. I am talking about investing a few tens of thousands EUR and here are a few important notes/plans :
- currently the currency for cash is in is not EUR or CHF unfortunately, so i need to go via an initial exchange - for this I am usually using Revolut.
- right now the cash is not in a Swiss bank, but with Revolut i can easily move it
- as online broker i am using is Degiro. Had some hard lessons with SaxoBank so I preferred the cheapest one.
- i want to move my economies into my investment portfolio asap but of course, only in a safe manner! But 1K a month is too slow, 10K a month is too risky.
How do you guys think I should proceed ? Also, are there any tax implications about moving my economies in Switzerland ? I am thinking about wealth tax here.