and saw 4.75% Rendite and 1.25% Verwaltungsgebühr which don’t make me too confident (high Expense Ratio vs Vanguard US ETFs, low gains compared to overall of something even more generic like VT Total World).
Does anyone have any experience or gave this company a try?
I’m usually super reluctant to VZ, Zugerberg and all such similar Swiss enterprises that “help you maximize your income” especially given their fees and promised gains being not better than what you can do on your own.
I wouldn’t trust my accountant to give me investing advice. Accounting and investing are two very different things (I wouldn’t trust my nutritionist to perform surgery on me either, for example).
From their website, they state that “Implementation mainly takes place by means of individual titles, except in the area of bonds (transparent collective investment instruments).”
I would want the opposite: active investment in stocks very, very seldom manages to consistently beat the market and even fewer managers, if any, manage to do so while also beating the drag their fees generates. Furthermore, we consider stocks as mainly a risky investment designed to generate adequate returns on the longer run. They focus on the returns part of the equation.
Bonds, on the other hand, are usually used to address the risk part of the equation and risk shouldn’t be addressed as only a measure of investment volatility. Credit risk is very different than market risk and different durations will present a different risk/returns profile that should be tailored to the need and personal situation of the individual investor. Furthermore, different bonds will have different tax treatments that can be optimized.
In my opinion, bonds can benefit from insightful and knowledgeable active management. When it comes to stocks, though, we’re far more likely to deal with people skilled at marketting than actual genious managers willing to work with low investment sums.
In general, if you are happy with your current investment strategy, then maybe best is to continue. What part of this offering is particularly intriguing for you?
If none, then I guess , it’s best to pass
In general, wealth management firms are not bad. If someone doesn’t have investment experience or is not going to do it on their own anyways, then it’s still better to work with a wealth manager instead of fixed deposit account. But that doesn’t seems to be your case.
@Abs_max you’re right, nothing from this wealth management company is intriguing to me or seems to provide an advantage over my own portfolio.
I also expressed myself wrong initially…my accountant yes, but he works for a financial planning and advisory company so that’s why I gave some thought to this idea.
My passive / monthly investment portfolio is quite clear to me.
For my smaller 1/5 from total amount that I want to devote to some stock picking I still need to finish reading up a few books to get me started and not screw up with evaluating companies, industries and trends/developments.
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