Hello,
Sorry for my English.
I’m a bit lost when it comes to my investments. I’m almost 40 years old and I’ve put my career on hold, now working only 50% of the time, so I’m finally taking the time to think about my investments.
I have several savings accounts, but my money is stagnating in them and I don’t really know what investments to make.
I have already been in contact with various advisors, but I didn’t feel comfortable with them.
I am French and we have a lot of investments (at least we did 20 years ago) that allowed us to earn a guaranteed 3 to 5%, but in Switzerland, I can’t find any interest-bearing accounts.
A few years ago, I started investing with Viac (third pillar). Since then, I have opened accounts with Yuh and Viac Invest and I make regular transfers. The idea is that this money will remain there for several years (10-15-20 years).
However, I would still like to put money into ‘safe’ accounts that offer a small return. Any suggestions in Switzerland?
There are Swiss banks that still pay decent interest. The Caisse d’Epargne d’Aubonne, for example, currently pays 1% per annum for savings account balances. You can compare Swiss savings accounts here.
If you want a guaranteed fixed interest rate, then look at medium-term notes and fixed deposit accounts from Swiss banks. You can compare current offers here.
As PhilMongoose mentioned, it can also be worth looking at making voluntary contributions to your occupational pension fund, if applicable. Although only the obligatory portion of your benefits has a fixed, guaranteed interest rate, many pension funds have (variable) interest rates for extra-obligatory benefits that are higher than what you get from banks. But your money is blocked.
Pre-paying taxes is an option, but you can earn at least as much interest with the highest-yield savings accounts (unless you live in Zug, which pays 2% interest for tax advances). You can find a full overview here.
Lastly, for cash and interest-bearing investments, it is important to account for currency appreciation as well. For example, earning 1% interest in Swiss francs can be more profitable than earning 2% interest in euros, if the Swiss franc gains against the euro by more than 1% over the investment term. Historically, that has been the case.
If you want solid returns, you need to take some amount of risk.
Do you specifically look for close to no risk options or are you open to learn about more risky investing i.e. in the stock market?
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