I started reading about investing on the MMM blog and found my way here. I read a bunch of posts and a bunch of articles on investing, and while everyone says this doesn’t have to be complicated, I find myself very confused. So I figured I start a thread to clarify some of my questions I’m sure many of them are answered somewhere on the forum, but right now searching for answers leaves me even more confused.
A bit of background on me: I’m male, late 20s and I moved to Switzerland Zürich a couple of years ago. I work in tech and I have 0 financial experience except for the “don’t spend beyong your means” mindset. I’ve been putting money away and now I figure it would be a shame not to invest what I have or at least my upcoming income.
A couple weeks ago I opened an account with IB and wired 1000 chf to get me started, but I found myself very unsure of what to start with.
- here’s my first question: how come I didn’t lose any money transfering the 1000chf from my UBS account to the UK based IB account? Weren’t there supposed to be some bank fees?
I know about diversification and I think it totally makes sense: I’m thinking I go with 25% bonds and the rest in various ETFs. Problem is, I have no idea which bonds and which ETFs to choose.
- is there any thread or article or any other resources which could shed some light on what the bonds and ETF options are?
TrueWealth seems to have some automatic way of investing based on a general schema you can choose at first. That kinda sounds like what I would want considering I don’t know much about this stuff.
would you recommend TrueWealth instead of IB to someone who just started looking into this subject?
any tips and reading material you found to be a good resource as you started out?
If this post should be in some other category I’ll gladly move it if I can.
Thanks so much! I think this might be one of the first times I actually post on a forum, but this seems like a helpful community that’s worth being part of