Hello everyone! I became more financially aware a little later in my life, for better or for worse. I am in my 30s and for the past two years I have been reading up and slowly trying to implement ways to improve my financial situation. I have roughly CHF100k and I would like to set it up well for the future. I am hoping to get some advice here, check on what I’ve been doing so far and where I should be focusing next.
I am currently in UBS and am transitioning onto a different different due to the expensive monthly costs. I am interested and thought to move to Neon but I notice in this forum that many posts talk about using Neon only has a side thing, putting a small amount just for payments abroad but having a main bank elsewhere. Can anyone explain this? What are the problems for using it as a main bank?
Currently 50% of my money is here. Is there a better place to park it? Invest most of it? (see IBKR below)
Pillars 2 and 3a
I am contributing the maximum each year to pillar 3a. Pillar 2, I am not sure if I should look into it. I saw somewhere people can “maximize” their contribution?
I do not track my net worth, but I have been keeping track of expenses in an excel sheet.
From reading Mustachian Post and PoorSwiss, I have started investing in ETFs. 40% of the pie is here, mostly allocated to VT (rest are bit of AVUV and AVDV). I have a monthly deposit here, again mainly going to VT. To be honest I am not sure how to see it’s progress, in the past year and a half I think it’s been pretty flat (and maybe decreased a bit). Haven’t sold anything so far. Thoughts on the allocation and should I keep going?
There is an interest to get into real estate, but even getting my own house is a challenge.
Currently with my partner we do splitwise. We are thinking of a joint account but mainly for the regular bills. I am wondering how to go about saving for our next big purchase.
We are currently renting, eventually we would like to get a house someday. How should we be going about towards this goal?
So, I mustache you, how does it look so far? Anything I need to change, or focus more on? Any advice will be much appreciated!