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  #41  
Old 17.11.2013, 12:02
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Re: Where to invest my money

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They will open an account for amy resident
Not to keep bringing everything back to FATCA, but that's not true, I'm afraid. Zugerkantonalbank chose not to do business with me because of my passport, regardless of my residence.
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  #42  
Old 17.11.2013, 12:23
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Re: Where to invest my money

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Not to keep bringing everything back to FATCA, but that's not true, I'm afraid. Zugerkantonalbank chose not to do business with me because of my passport, regardless of my residence.
The upshot of FATCA is that of the few institutions that will continue to do business with Yanks, they'll specialise in them so you might start getting 401k advice and help with your FBAR filing etc eventually.
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  #43  
Old 17.11.2013, 12:26
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Re: Where to invest my money

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There are many ways of investing your money, and many companies will help you do so, at a cost to you...

What you could do is to buy a block of Swiss shares every month, the larger companies make some nice profits, and the share prices are quoted in the newspapers every day. Every month you can choose a different company and sector. With the Post Finance you can do the buying and selling online, and the charges are small.

https://www.postfinance.ch/en/priv/p...fo/secure.html

https://www.postfinance.ch/en/priv/p...ade/offer.html
I am still researching about buying stokes as a complete beginner. Heard that Postfinance's cost is high...another option would be Interactive Brokers which seems a bit advanced too...hmm...needs some research about it.
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  #44  
Old 17.11.2013, 13:03
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Re: Where to invest my money

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The upshot of FATCA is that of the few institutions that will continue to do business with Yanks, they'll specialise in them so you might start getting 401k advice and help with your FBAR filing etc eventually.
upshot to Fatca?...haha

How exactly can the average expat have a 401k when he is working for a foreign employer? Also the banks aren't charities, if they decide to help with FBARs, this will be done with significant fees. There are plenty of accountants sho can do the same already
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  #45  
Old 17.11.2013, 13:36
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Re: Where to invest my money

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I am a chartered financial planner in the UK and DFM in Switzerland
You can add clueless to your long list of impressive titles.

FYI, Switzerland is not EU. Even if it was, if you live and work in Switzerland, which your posts seems to imply, your situation has zero to do with MiFID passporting anyway.
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  #46  
Old 17.11.2013, 13:43
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Re: Where to invest my money

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Gold seems to be still a good option, Up 66% since 2007.
I don't think that is correct in CHF terms.

5 year performance +32.83%
1 year performance -27.02%
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  #47  
Old 17.11.2013, 21:46
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Re: Where to invest my money

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Even if it was, if you live and work in Switzerland, which your posts seems to imply, your situation has zero to do with MiFID passporting anyway.
If it was EU (which of course it isn't) his situation would have a lot to do with MiFID passporting. Would you mind adding clueless to your list please? Please?


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upshot to Fatca?...haha

How exactly can the average expat have a 401k when he is working for a foreign employer? Also the banks aren't charities, if they decide to help with FBARs, this will be done with significant fees. There are plenty of accountants sho can do the same already
uhm...an expat can have a 401k, he/she just can't contribute to it. And of course advice comes with fees, what did you think? The point is, US facing competence is likely to increase among a minority of banks that choose to retain US clients.
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  #48  
Old 17.11.2013, 22:04
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Re: Where to invest my money

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I don't think that is correct in CHF terms.

5 year performance +32.83%
1 year performance -27.02%
and....AND....do we buy when things have gone up, gone down or neither (just based on future probable performance)? There will always be one stock that's done 100%+ in the past year. I don't think it's wise to invest on that basis though.
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  #49  
Old 17.11.2013, 23:45
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Re: Where to invest my money

EZ question, buy Tesla shares . Buy & hold is the best strategy ... just saying. You could build a portfolio of promissing Stocks like Tesla, I'm by no means an expert but I would look for Stocks that are decorrelated i.e. that don't change in a predictable way w.r.t. each other otherwise e.g. they could all depreciate simultaneously.

Alternative investment? buy the Euromillions ticket.
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  #50  
Old 17.11.2013, 23:50
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Re: Where to invest my money

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and....AND....do we buy when things have gone up, gone down or neither (just based on future probable performance)? There will always be one stock that's done 100%+ in the past year. I don't think it's wise to invest on that basis though.
As gold does not produce any income, based on future cash flows it's worth 0
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  #51  
Old 17.11.2013, 23:56
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Re: Where to invest my money

Invest in land, livestock, barbed wired and assault rifles. The end is near and you can't eat gold or share certificates.
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  #52  
Old 18.11.2013, 07:40
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Re: Where to invest my money

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Hi dear forum members, since you helped me every time so far in all sorts of issues I am addressing you again for help.
8 months ago I started working in Switzerland and really saved a lot of money (since I am living here with my roommate and I am probably not used to a luxury that I 've now realistic could afford).

For some people this will not be lot of money, but taking in considiration that I am earning here 6 times more then my parents with master diploma for ME this really is A LOT ( I am 25 years old).

I have opened a foreign currency account in Croatia where each month I put an average of 2500.00 CHF . So far I have 15000.00 CHF . Recently, I was in Croatia and my officer in a bank proposed to invest in PBZ Fund ( since I said I do not want risky investments ) But the problem is that interests are small if I am saving in Swiss francs in Croatia.
Since they are not very hepful , I will have to find a way myself where to invest money ? That's why I need your help. I am not familiar with swiss banks and ways how to save or invest money. What do you think about funds, term deposits or something like that. Which bank to choose and which way the investment? Does not matter If I have to open a new account here if they are offering better conditions . I would like to deposit my money for 3 years with first payment of 15000 CHf and regulary monthly payment of 2500chf
Thank you very much for all help in advance. Marina
Understanding risk is relevant, if you have the ability to invest in the US stock market, medical marijuana industry is at the brink of an explosion. Most related public companies are penny stocks so you can throw a small mount in long term for high payouts later. Mjna, phot, hemp, cbis, just a few out there. Wouldn't throw all your money at it, but a few thousand could pay off quite well in 3 years.
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  #53  
Old 18.11.2013, 09:04
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Re: Where to invest my money

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You can also buy and sell Bitcoins locally, take a look at the price of the last year: http://bitcoincharts.com/charts/bits...zm1g10zm2g25zv
Definitely do not do that. Bitcoin is more speculation thant casinos games.
Its only speculation that raises the price. Nothing to back it (work, metal, energy or even countries)

That is the worst risk plus, it has sky rocketed. We all know that no tree grows forever
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  #54  
Old 18.11.2013, 09:26
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Re: Where to invest my money

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Definitely do not do that. Bitcoin is more speculation thant casinos games.
Its only speculation that raises the price. Nothing to back it (work, metal, energy or even countries)

That is the worst risk plus, it has sky rocketed. We all know that no tree grows forever
It's nonsense to say that Bitcoin isn't backed by anything: the cumulative processing power of the distributed network that secures Bitcoin is far greater than the sum of the world's top 500 supercomputers.

While I wouldn't recommend Bitcoin speculation to a nave investor, a canny day-trader can have a lot of fun with it; it's currently in one of its 'irrational exuberance' phases and the value has quadrupled over the last month (currently at $600). If you think that's too high, you have the option to short it.

US senate hearings later today on Bitcoin may either accelerate this growth or put a damper on it.
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  #55  
Old 18.11.2013, 10:06
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Re: Where to invest my money

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Many of you are telling that 3 years are not so much ( it can be also 5 but not more) but my plan is to buy a flat in Croatia where m2 is 1500 EURO (or some other country) with my 30. For some people this is strange and impossible but if I have calculated well with some interests on the summe mentioned above this can really happen. I can also save every month 2500 CHF.
Ok, property investment is a good choice because you are from a lower cost country, but in an advantageous position of earning better $$$.

The question is if the property prices are going up? Usually it is (big caveat here: I do not know the croatian property market), and the more you wait, the more expensive property gets. If you are saving now with the aim of buying a specific flat in 3 years, then in 3 years, that flat will not be affordable. What you need to do now is to put in your 15k as downpayment for that flat now and borrow the rest. You can easily afford the instalments, and you can rent it out now. In 3 years, sell at a profit and upgrade. This all depends on how confident you are with the local property market (ask your parents?), and if you are not planning to stay there for 3 years, make sure you can rent it out.

Besides the typical mistakes about investing in a property market in a bad time and bad location, the other mistake would be to waste time saving money for a property which is always going up in value and you end up chasing and chasing and still never being able to afford it and when you do, the price has peaked.
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  #56  
Old 18.11.2013, 10:31
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Re: Where to invest my money

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Ok, property investment is a good choice because you are from a lower cost country, but in an advantageous position of earning better $$$.

The question is if the property prices are going up? Usually it is (big caveat here: I do not know the croatian property market), and the more you wait, the more expensive property gets. If you are saving now with the aim of buying a specific flat in 3 years, then in 3 years, that flat will not be affordable. What you need to do now is to put in your 15k as downpayment for that flat now and borrow the rest. You can easily afford the instalments, and you can rent it out now. In 3 years, sell at a profit and upgrade. This all depends on how confident you are with the local property market (ask your parents?), and if you are not planning to stay there for 3 years, make sure you can rent it out.

Besides the typical mistakes about investing in a property market in a bad time and bad location, the other mistake would be to waste time saving money for a property which is always going up in value and you end up chasing and chasing and still never being able to afford it and when you do, the price has peaked.
The property could well be worth substantially less in 3 years, interest rates are at historical lows & will eventually start to rise. House prices rise due to the availability of cheaper finance, or rising salaries.
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Old 18.11.2013, 10:37
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Re: Where to invest my money

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The end is near and you can't eat gold or share certificates.
You can't eat the company you work for, however they pay you a salary so you can buy a food from that. A share certificate is a fractional ownership of a company, which pays a dividend to shareholders. You can indeed eat by buying a share certificate, many people live by doing just that.
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Old 18.11.2013, 10:52
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Re: Where to invest my money

Contact GlobalEye (http://www.globaleye.com/). Ask for Mr. Pollock. He is an exceptional wealth manager, and you will not be disappointed. I can be contacted anytime to provide further information.

-Elizabeth Stephens
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Old 18.11.2013, 10:56
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Re: Where to invest my money

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You can't eat the company you work for, however they pay you a salary so you can buy a food from that. A share certificate is a fractional ownership of a company, which pays a dividend to shareholders. You can indeed eat by buying a share certificate, many people live by doing just that.
In my post apocalyptic mind's eye, all companies and their assets will be appropriated by The State for the 'war effort'.
Save yourself FMF
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Old 18.11.2013, 11:01
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Re: Where to invest my money

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Contact GlobalEye (http://www.globaleye.com/). Ask for Mr. Pollock. He is an exceptional wealth manager, and you will not be disappointed. I can be contacted anytime to provide further information.

-Elizabeth Stephens
Looks like you run a cold calling operation, my advise to any prospective investor is run as fast as you can http://www.pissedconsumer.com/review...306302577.html
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