Hello everyone, like many of you I also recently stumbled across MP’s blog by chance and a whole new world has opened up to me since then. This forum is also a treasure of information and knowledge.
A brief introduction about me:
- I moved to CH from Italy in 2012 and have been living in a rather frugal way since then;
- I have been investing in a quite unstructured way, feeling the urge to stay invested but clearly making many mistakes along the way; when I started reading the blog, my portfolio included cash, a rented apartment abroad, several funds in PF (you don’t want to know the TERs I discovered when I looked into it few weeks ago… ) and some shares bought based throughout the years (I swung between growth and DGI ending up with a messed sub-portfolio there as well);
- no 3rd pillar at the moment;
- mid-term (5yrs) FIRE target…embedded in my nickname ;
I am now making some cleaning up and, first thing, was to get rid of the ridiculously expensive funds in PF. This is freeing some liquidity up and I am willing to invest it in the most minimalist way, through VT (my tax man is going to be happy about that!).
One question for you guys:
Some of that liquidity (approx. 30k) is in Eur, so it was already converted in the past from CHF;
as I have learnt, currency really has no impact in the long term but would you suggest to find an effective way of investing it in EUR (VWRL), also considering that it will be most probably my FIRE currency in the future, rather than convert it again in USD?
Please also consider that, when I move to a EUR-based country, I plan to reset my cost basis and sell VT taking advantage of the Swiss (no)taxation on capital gains. ETFs in my portfolio from then onwards will necessarily be in EUR.
Many thanks for your help.