I agree, in a way - Avadis is genius. If I were them, I would onlyy do a few small tweaks, and. They were just amazibg:
Avadis is the perfect solution for investors with ADHD. Speaking from experience.
Yuh now offers vwra CHF (Acc) in their 0-fee saving plans. Making it really hands-off. No USD dividends or currency exchange to deal with.
Looking
Would the community here agree with the conclusion below, i.e. finpension is the answer?
https://thepoorswiss.com/finpension-invest-vs-viac-invest
I would agree with the article for sure and think it‘s a great solution for a lot of people.
Back of the envelope exercise tells me that it’s still more expensive than if one is doing targeted trading with PF (eg hitting the upper edge of trading fees, ensuring taking advantage of the trading fees acting as account fee credits per quarter), sadly, but not by much, so for anyone who values the ease above a X00 franks per year it is a good option. The problem is that eventually the X00 will become X000 when it’s a %-based account fee.
As much as I like Viac too, I recommend finpension to those friends similar to the profile that you describe. I know some chose and now use finpension, and I usually hear nothing back (I assume no news = good news).
Edit: maybe one more point I clarify / make a condition, the solution is recommended for any amounts in 3a + up to 100 to max. 200k in taxable (which covers 99% of the amounts that are involved).
I think to build a portiflio -: Finpension Invest is good. Once the size become large, investor should start looking into custody fees and think about low custody fee options.
In most cases, finpension invest is a good solution.
However, if you don’t need recurring investment and/or have a lot of money, going with a low cost broker (ibkr, swissquote,ect) would make more sense.
Thank you all.
This is indeed for someone just “starting their journey from zero”.
So it will take a while to build substantial enough amount, before starting to get more concerned about the fees.
I find this post very interesting in this matter, you should chekc it : The best hands-off investment solutions for broadly diversified passive investing
Wow thanks (as well as to @assemblyrequired for compiling it),
I haven’t seen that wiki writeup yet!
Assembling it more like?
didn’t IBKR introduce a regular investment option? or if you can setup automatic rebalancing, I guess you could just dump money in there every month and let it rebalance automatically.
Yes, IBKR offers recurring investments. It’s now also supported for at least some CHF-listed ETFs, which avoids the problem of transferring a fixed CHF amount each month but having to specify the investment amount in USD or EUR. It still doesn’t allow specifying a CHF amount for investments in ETFs that aren’t listed in CHF, though.
Unfortunately, IBKR still doesn’t support automatic rebalancing, to my knowledge. That would be a game changer for anyone where a single ETF is not enough (and wants or needs a hands-off solution).
TWS can help with rebalancing but there is no full automatism. If I remember correctly, there is an add-on service that supports automatic rebalancing but I don’t recall its name or other details.
Edit: I was thinking of https://passiv.com/. It offers one-click rebalancing for a fixed $99 per year but not full automation either, it seems.
Interactive Advisors (part of the Interactive Brokers Group), offers managed portfolios to US, Swiss and Indian residents. Management fees are between 0.10% and 0.75% p.a., depending on the chosen portfolio, so it could be interesting but I don’t know the details (e.g., whether they offer portfolios with CHF or CHF-hedged bonds).
Maybe time to update the wiki with VWRA and VHYA as fee-free invest in yuh, this info is outdated.
Yes TWS has a rebalance feature. You can also fully automate including buying in non chf by scripting it and using their APIs.
I understand that mustachians are good at saving money, but I feel that recent messages are running in circles.
No, you can’t have a real hands off investment solution for free and not even for 0.1% p.a.
No, you don’t need a perfect solution, just a good enough one is sufficient.
Yes, finpension or VIAC or even True Wealth are good enough to start investing.
With the latter you can even define that incoming payments will first go to 3a portfolio up to the yearly limit and then to a taxable one. You really don’t need to do anything and you can transfer any amount you want any time.
Yes, ETF saving plans are good, but you either have to stick with always the same amount invested or adjust it according to how much you are depositing.
No, using Trader’s Workstation to monthly rebalance your portfolio is not a hands-off solution.
In one year, we’ll be able to ask chatgpt6 to “set up a monthly investment into my ibkr account and have it Invested in that cheap worldwide ETF” and it will do it all for you.
If you’ve not already crashed into a wall with your self-driving car or strangled by your home robot before that.