I’m Le0, 36 years old from Neuchâtel. I rent an apartment with my partner and we have a soon to be 1 year old little girl. I recently found out about this community and I wanted to share a bit of my story in order to get some advice and also to allow me to brainstorm about the future. Oh and I have absolutely no knowledge about investing.
I found this site while researching on what best to do with my 3a pillar. I heard of the FIRE movement previously, I was aware of the subreddit so I was delighted to find a specific community for Switzerland.
My partner is a bit sceptical (and lazy?) on all of this and also we are not married and still have our individual accounts in addition to a common account. So for now my aim is to start improving my own situation so hopefully later I can convince her of the benefits, it’s also a good way to learn along the way also. Maybe I’ll convince her to marry me also (if it lowers our taxes ).
My situation is the following, I currently work at 100% as a software engineer with a salary of 110K/year so I manage to put aside some money each month. As said I also have a 3A pillar with 28K on it but it’s at UBS so not profitable. In addition I also have a savings account at UBS where I have another 28K savings plus 10K set aside for a future new car since the current one is already more than 10 years old. This money is just sleeping there at 0.01% I believe? As you can see I’m far from rich but I managed to put a bit aside but it’s been bothering me that this money is sleeping there doing nothing.
After reading around here, the first thing that seemed to be a no brainer is to improve my 3a, so I already opened an account at VIAC and I’m about to transfer my 28K on this account, I’ve selected the Global 100 strategy which seem to be the go to for money that will be there for a long period of time. My plan is to deposit each month a bit of money on this account to reach the maximum amount at the end of the year. I’m not sure if I should be opening several portfolios but I guess this is not urgent for now.
The next thing I think would be to consolidate my budget, we already have a shared budget but it’s not very precise and I guess it can probably be improved. On this note I’m looking for any kind of good resources on this subject, I’m planning on staying with a google spreadsheet for now. The goal of this would be to know exactly how much I can save each month in order to invest it.
Concerning my actual savings of 28K+10K, I’m planning on keeping a part of this as emergency fund at my bank, I believe a good ballpark is 6 * monthly expanse? If that’s the case a good amount of this money would stay there I believe, or are there better alternatives? The few thousands left would then be used to invest in stocks, but before this I need to do more research on how to do that
Hopefully I’m on the good track, any advice, tips or recommendations are very welcome!