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Old 24.07.2012, 21:23
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Re: Tax efficient savings for long term returns

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Just to clarify that your attachment and quote refers to the book value per share, gross of inflation.

Net of inflation of 4.7% over that time, it would be 15%. And as it is book value per share, it doesn't reflect share splits & buybacks, although it is probably not far off the mark of the true returns.



Ok, no worries. Let me know when your version of Berkshire Hathaway goes public. Maybe in 46 years I'll be saying "I knew him when...".
Best wishes
Interestingly my Swiss pension is worth less than it was 6 years ago, good old 'Swiss Life Vorsorge-Mix 45' I did buy my back years for 35,000 in 2005, big waste of time that proved to be! So much for guaranteed 2.5% above inflation.
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Old 24.07.2012, 21:34
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Re: Tax efficient savings for long term returns

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Interestingly my Swiss pension is worth less than it was 6 years ago, good old 'Swiss Life Vorsorge-Mix 45' I did buy my back years for 35,000 in 2005, big waste of time that proved to be! So much for guaranteed 2.5% above inflation.
You choose to invest in a high risk/high return fund, and the markets crapped out on you in 2008. That has nothing to do with the value of Pillar 2/3 contributions.

"BVG-Mix 45 P is suitable for investors who are willing to accept larger price fluctuations. We recommend an investment horizon of over ten years."
Swiss Life Mix 45 P.pdf

In any event, I hope it bounces back for you.
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  #43  
Old 24.07.2012, 21:49
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Re: Tax efficient savings for long term returns

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You choose to invest in a high risk/high return fund, and the markets crapped out on you in 2008. That has nothing to do with the value of Pillar 2/3 contributions.

"BVG-Mix 45 P is suitable for investors who are willing to accept larger price fluctuations. We recommend an investment horizon of over ten years."
Attachment 46482

In any event, I hope it bounces back for you.
The 2 other funds on offer also have performed poorly, to much exposure to safe investmets like UBS, purely because everybody else invests in UBS, rather than that they have any consumer competitive advantage. Its a shame there is no possibility to self select ones own investments.
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  #44  
Old 24.07.2012, 22:05
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Re: Tax efficient savings for long term returns

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Your missing the point as Federal tax is the lowest, Canton & Geminde tax are many times higher & increase per 1000 of income.

Best FMF
There are big variations canton to canton, and some even have regressive tax rates above a certain point.
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Old 24.07.2012, 22:09
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Re: Tax efficient savings for long term returns

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There are big variations canton to canton, and some even have regressive tax rates above a certain point.
That is true, however I doubt the regressive rates will have much impact on many posters here.
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Old 24.07.2012, 23:41
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Re: Tax efficient savings for long term returns

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That is true, however I doubt the regressive rates will have much impact on many posters here.
Doesn't it just flatten out but not actually become regressive ?
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Old 25.07.2012, 07:27
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Doesn't it just flatten out but not actually become regressive ?
With Bundessteuer above 741,500 the rate drops from 13,5 to 11.5%, there are some other examples .
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