Happy that I found this blog that is targeted to the Swiss community. I have been aware of FIRE for almost 3 years and trying to live a frugal lifestyle to achieve early retirement.
So a little bit about myself - Mid 30s, Non Eu married to a Swiss (with no kids) and living in the lake geneva region. We had been saving to buy a property-to-live. But over the last couple of years realized that we wouldn’t want to necessarily live here for the rest of our lives (I do miss the sun )
Also, my wife’s family has a small house in the countryside so I believe that is enough exposure to the Swiss real estate market.
Since we have been saving for the past 3 years, we have 100K sitting in our bank account and doing nothing at the moment. Following the advice from the community, I have just opened an account with IB. We want to invest in low-cost ETFs spreading the risk and not paying exorbitant management fees to Swiss banks (my wife has been caught in this trap and has lost more than 10k CHF once)
To Sum Up
Current savings - 100K
Pot’l monthly savings to invest - 3K
Time horizon - min 10 yrs and max 15 yrs (I’d really want to stop before turning 50)
Looking to invest in VT and maybe a Swiss focussed ETF such as CHDVD
So my questions:
- Should I invest this 100K in 1 go or do a DCA over the next 12 months?
- Is VT enough or should we look at other ETFs to not put all the eggs in the same basket?