I have around ~$25k (return of debts + wedding gifts) and ~€15k (personal car sale back in home country) in cash. I haven’t declared this so not sure how to go about it (although the return of debts part + maybe the car sale comes indirectly from my previous salaries but outside of CH so could hypothetically be tracked).
I really don’t like the idea of sitting on so much cash and would like to transfer them to my broker to buy more ETFs (although almost everything seems to be at their 52 weeks high so not sure if this is the best idea).
What would be the best way to do it and:
- not raise any suspicion / trigger any tax authority checks
- not lose much value because the cash is not in CHF and my broker takes CHF and my ETFs are in either USD or EUR so this seems like I’ll have to be converting the currencies twice!
I realize that this might not be a lot of money to some but these two things still worry me a lot so any advice is really appreciated!