It has now been 3.5 years since I first posted here and subsequently started investing seriously. A lot has happened since then and there are currently some big changes happening. That’s why I wanted to write an update post along with some questions and thoughts.
Note: I know that these values are in no way ordinary for a 23 year old. Where the money came from has already been answered in the initial post. I just wanted to write this post to get some input and also document my journey and maybe share my experiences as this is a very rare situation that I’m in. In general I don’t really talk about money, there’s only one person (my mother) that knows about this.
My current portfolio looks like this:
Private equity in companies:
Company 1: 2’332’000 CHF
Company 2: 448’000 CHF
Company 3: 25’000 CHF (small startup investment)
Real estate (amount of equity):
Property 1: 700’000 CHF (where I live)
Property 2: 150’000 CHF (rented)
Stocks:
560’000 CHF (VT)
Crypto:
210’000 CHF (70/30 BTC/ETH)
3a:
46’000 CHF (99% stocks)
Physical assets:
70’000 CHF collectibles (mainly watches)
15’000 CHF car
Cash:
400’000 CHF
Total: 4’956’000 CHF
Yearly Income (everything is net, before taxes):
9 to 5 job: 78’000 CHF
Dividends from company 1+2: 100’000 CHF
Salary from company 1+2: 26’000 CHF
Sidehustle: 15’000 CHF
Property 2: 15’000 CHF
Total: 234’000 CHF
My expenses are generally pretty low. Maybe like 1-2k/month. Most of that is just for food/eating out, hobbies and vacations.
Current thoughts/questions:
Just a few days ago I received a sizeable windfall (375k CHF, that’s why my cash holdings are that big, usually I leave around 5k cash) in the form of a Schenkung due to the sale of a house belonging to my grandparents. I‘m not sure yet what I‘m going to do with this money. I lean towards just dumping it in VT altogether. I’d split it over like 4-6 months. I know that lumpsum investing usually wins but this is quite a big part of my liquid portfolio so I wouldn’t want to risk it. Rental Properties don‘t make that much sense with the current mortgage rates (got lucky with a 0.9% 10y fixed mortgage for property 2) and I‘m already quite exposed to RE (Company 1 has all of its value due to RE holdings).
If I do invest it all into VT I‘ll soon approach the 1M mark in IBKR. I‘ll probably look into splitting this on two brokers just to have some peace of mind. I know that the chances of something like FTX happening with IBKR are pretty low but I’d rather be more careful as I lost quite a bit of money on FTX.
My mother and I both live in property 1. Her dream has always been to be able to build a new house for her retirement. We are in the process of finalising the details and start construction after the summer. Total costs will be 1.5M (excluding land, we already own that). We probably won’t have to bring in any more Eigenkapital as our current mortgage is pretty low and we could stock that up.
Financially this whole thing doesn‘t make much sense but I want to support her in achieving this dream and having a happy retirement. Property 1 will be kept and rented out afterwards which should be able to (almost?) pay for the mortgage of this newly built house and property 1‘s mortgage.
I‘m also thinking about seeking professional help in the form of therapy. I struggle with anxiety and sometimes I have trouble finding purpose in my life. I also catch myself debating why I‘m even working for 78k/year when I have all of this money laying around. I‘d probably wait until next year to choose a 300 CHF health insurance deductible. I can already hear my mother saying „Bei den Reichen lernt man sparen.“. Has somebody here made any experiences with talking about financial stuff at a therapist?
Feel free to ask me anything and please let me know if you have and suggestions or inputs.