Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 27.03.2018, 10:14
jgh jgh is offline
Newbie
 
Join Date: Feb 2018
Location: Zurich
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
jgh has no particular reputation at present
Saving and Investing in Switzerland

I am looking for some advice on what I appreciate can be a broad, and at the same time specific topic.

I am from the UK and am used to saving products available there, e.g. ISAs, internet saver accounts etc. Whilst I appreciate the overall saving rates for most products is at an all-time low, I am wondering what Switzerland has to offer for saving/investing.

I have maxed out my 3rd Pillar allocation and my bank gives a pitiful 0.45% on my "savings" account so I am now wondering what the suitable places to save/invest my other money are.

I have tentatively looked into the wealth management products offered by banks like UBS that obviously come with fees, but I wonder if anyone has any practical information on other suitable investing/saving options offered here. Without disclosing the specifics, the amount of money I have to invest/save is enough to qualify for retail banks (ubs etc) wealth management minimums but not enough for the exclusive private banks (e.g. vontobel etc)

Any tips/thoughts appreciated!
Reply With Quote
  #2  
Old 27.03.2018, 11:02
robBob's Avatar
Forum Veteran
 
Join Date: Mar 2012
Location: Zurich
Posts: 1,862
Groaned at 37 Times in 24 Posts
Thanked 1,453 Times in 838 Posts
robBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputation
Re: Saving and Investing in Switzerland

Can try here: https://de.oikocredit.ch/genossenschaftanteile

Basically one invests in participation notes and gets on average 1% in SFr and 2% in EUR.

Otherwise you can try your luck in funds, stocks and or bonds.

Switzerland is basically a paradise for banks where customers have lots of money and they can charge nice fees and give low or negative returns.
Reply With Quote
The following 2 users would like to thank robBob for this useful post:
  #3  
Old 27.03.2018, 11:05
Forum Veteran
 
Join Date: Mar 2014
Location: Neuchatel
Posts: 632
Groaned at 1 Time in 1 Post
Thanked 249 Times in 170 Posts
Enohzee is considered knowledgeableEnohzee is considered knowledgeableEnohzee is considered knowledgeable
Re: Saving and Investing in Switzerland

A lot of folks here use InteractiveBrokers for investing. I recently opened an account there and I'm very impressed so far, if investing in equities/bonds/etc is the way you wanna go.
Reply With Quote
  #4  
Old 27.03.2018, 17:08
Forum Veteran
 
Join Date: May 2007
Location: Basel
Posts: 524
Groaned at 9 Times in 5 Posts
Thanked 214 Times in 134 Posts
SwissMorgs is considered knowledgeableSwissMorgs is considered knowledgeableSwissMorgs is considered knowledgeable
Re: Saving and Investing in Switzerland

Fundsmith.co.uk
Reply With Quote
  #5  
Old 27.03.2018, 18:35
robBob's Avatar
Forum Veteran
 
Join Date: Mar 2012
Location: Zurich
Posts: 1,862
Groaned at 37 Times in 24 Posts
Thanked 1,453 Times in 838 Posts
robBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputationrobBob has an excellent reputation
Re: Saving and Investing in Switzerland

Ameritrade!

Buy low! Sell HIGH!
Reply With Quote
  #6  
Old 28.03.2018, 00:20
Senior Member
 
Join Date: Jun 2009
Location: Zurich
Posts: 429
Groaned at 14 Times in 12 Posts
Thanked 206 Times in 123 Posts
poot is considered knowledgeablepoot is considered knowledgeablepoot is considered knowledgeable
Re: Saving and Investing in Switzerland

Quote:
View Post

Switzerland is basically a paradise for banks where customers have lots of money and they can charge nice fees and give low or negative returns.
This x10!!

Do yourself a favour and spend a cpl of hours reading about investing in some basic investment products like index ETFs, which you can dollar (or chf) cost average into. Over time your returns will (almost certainly) far beat inflation (which they're not doing now) and you won't be stuck paying high fees for low/no service from swiss banks.

Then don't buy ETFs from swiss banks so you can avoid their extortionate fees. Real example, give or take:
10kCHF ETF purchase at UBS = c100chf
10kCHF ETF purchase at interactive brokers = <5chf
Reply With Quote
  #7  
Old 28.03.2018, 08:06
Pachyderm's Avatar
Forum Veteran
 
Join Date: Feb 2012
Location: Zurich
Posts: 1,246
Groaned at 57 Times in 38 Posts
Thanked 2,424 Times in 856 Posts
Pachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond reputePachyderm has a reputation beyond repute
Re: Saving and Investing in Switzerland

Written from a UK perspective you might want to read TIM Hale's 'Smarter Investing". Also, check. monevator.co.uk. Both deal with passive investment and make a lot of sense.

Last edited by Pachyderm; 01.04.2018 at 11:45.
Reply With Quote
This user would like to thank Pachyderm for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Investing in Switzerland Meadow Finance/banking/taxation 74 06.10.2017 18:40
Investing in UK ISA from Switzerland? Pachyderm Finance/banking/taxation 17 31.03.2013 10:54
Investing in silver in Switzerland Puhutes Finance/banking/taxation 17 17.05.2011 12:20
Buy to let investing in Switzerland yogaphysio Housing in general 9 13.12.2010 08:56
Investing in commercial properties in Switzerland GenevaSculler Finance/banking/taxation 2 07.01.2010 18:21


All times are GMT +2. The time now is 18:24.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0