I’m lucky enough to have my parents donating me around 500K € from their savings.
What should I do with 500K€ in my bank account?
The idea is to use them as a down payment to buy a house here in CH in the next 2 or 3 years
What worries me is the FX rate, what is the best approach.
Should I change smaller amounts every month?
If you want to buy a house in CHF and your life generally evolves here, then yes - I would exchange them for CHF. 500K is going to be a nice down payment!
Thanks for the info, I’ll look into ibkr,
The question is more, should I do it all at once or in split it in multiple times to minimize the impact of forex fluctuations?
Remember that both your parents and you have to do a tax declaration, even if you do not have to pay taxes for Erbvorbezug from parents. As a result, you may have to transfer all at once.
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