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  #21  
Old 28.02.2021, 10:07
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Re: My interest rate is 0%, any suggestion

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I want to respectfully put forward a suggestion for you to consider, and that is to think about talking to a professional investor.

If you're unsure of where to put your money, especially at a time like now, a professional can help you examine your specific needs and situation .

All the best,

TheLaughingCow
Honestly. I wouldn't. Most want to line their own pockets.
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  #22  
Old 28.02.2021, 14:02
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Re: My interest rate is 0%, any suggestion

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Honestly. I wouldn't. Most want to line their own pockets.

It's amazing the number of people who loose out through this kind of nonsense. We've had all sorts of scandals in the medical profession, legal profession and so on and yet people feel the need to consult a doctor or a lawyer...


But give them complex subject like fiance, one in which a false decision could impact them for decades and they opt to go it alone.


There are good and bad individuals in every profession, that does not mean you should ignore all advice on the off chance it is wrong. You just need to do the same as you would when consulting any professional, seek recommendations, google them, get a second recommendation etc...
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  #23  
Old 28.02.2021, 14:37
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Re: My interest rate is 0%, any suggestion

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But give them complex subject like fiance, one in which a false decision could impact them for decades and they opt to go it alone.


There are good and bad individuals in every profession, that does not mean you should ignore all advice on the off chance it is wrong. You just need to do the same as you would when consulting any professional, seek recommendations, google them, get a second recommendation etc...
I think one important difference is that a doctor or a lawyer is typically willing to discuss and explain their thinking and give you the pros and cons so you can make up your own mind. Financial advisors often have a take it all or leave it all attitude. I have never met a financial advisor who said, "let me manage 10% of your money". They want all or nothing. Add to this that financial advisors are often notoriously bad at explaining their thinking and don't like it when you nitpick at their calculations. So quite often it's down to, do you trust them or don't you, because you will never understand them.

There is a reason people trust doctors more than they trust, say, used-car salesmen or estate agents. And that perception is maybe rooted in caricatures and prejudice. But every prejudice has a grain of truth and the people concerned need to clean up their act if they want that perception to change.
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Old 28.02.2021, 14:50
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Re: My interest rate is 0%, any suggestion

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It's amazing the number of people who loose out through this kind of nonsense. We've had all sorts of scandals in the medical profession, legal profession and so on and yet people feel the need to consult a doctor or a lawyer...


But give them complex subject like fiance, one in which a false decision could impact them for decades and they opt to go it alone.
I agree. Or a tax specialist.

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I think one important difference is that a doctor or a lawyer is typically willing to discuss and explain their thinking and give you the pros and cons so you can make up your own mind
That used to be the case, but I wouldn't count on it, in my experience. It's a bit like homeopathy in the pharmacy, there are trends and interests that have nothing to do with my wellbeing.

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There is a reason people trust doctors more than they trust, say, used-car salesmen or estate agents. And that perception is maybe rooted in caricatures and prejudice. But every prejudice has a grain of truth and the people concerned need to clean up their act if they want that perception to change.
Which they mostly don't care about, tbh. But as a principle, I agree with that.
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  #25  
Old 28.02.2021, 14:50
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Re: My interest rate is 0%, any suggestion

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I find this week that the interest rate on my saving account in UBS is 0 (before I thought I had 0.01% interest rate).

Does anyone have any suggestion on the investment without too complicated procedures (e.g. can directly operate/buy/sell in the bank's app? this is not very important though). My target interest rate is between 1 ~ 4 % with low risk (so avoiding stocks).

Thanks
Credit Suisse have a wide array of portfolio funds you could buy into. Easy to see their performance and exposure to risk and asset classes.

https://amfunds.credit-suisse.com/ch...il/fund/Search
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  #26  
Old 28.02.2021, 17:02
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Re: My interest rate is 0%, any suggestion

For anyone considering a professional and not sure what to look for in an investor, I recommend looking up online about Fiduciary Advisors. Also, take a look at what are good rates for fees and such in the area where you live, and what you're looking to do.

As an aside, you can ask the investor to manage part of your funds. They may or may not do this.

You can also talk to an advisor to get their opinion on what you should do with your money. They don't necessarily have to manage your money.

Again, you really just have to see what the professional offers as their services.

Alternatively, you can read up about online savings accounts as an option.

I'm in no way saying you should do any of this, as it's your decision. Just offering some suggestions, and maybe options you hadn't thought of.

All the best,
TheLaughingCow
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Old 28.02.2021, 20:26
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Re: My interest rate is 0%, any suggestion

swisscom share.
5%
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  #28  
Old 28.02.2021, 22:46
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Re: My interest rate is 0%, any suggestion

Buy Shares of Roche or Novartis or Nestle.
The dividends alone will give you what you are looking for.....
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  #29  
Old 01.03.2021, 00:06
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Re: My interest rate is 0%, any suggestion

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Buy Shares of Roche or Novartis or Nestle.
The dividends alone will give you what you are looking for.....
or just some ETF or other fund that contains a mix of low-risk big-name stocks, so further protecting you from the risks of individual stocks doing unexpected things.
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  #30  
Old 01.03.2021, 12:26
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Re: My interest rate is 0%, any suggestion

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It's amazing the number of people who loose out through this kind of nonsense. We've had all sorts of scandals in the medical profession, legal profession and so on and yet people feel the need to consult a doctor or a lawyer...


But give them complex subject like fiance, one in which a false decision could impact them for decades and they opt to go it alone.


There are good and bad individuals in every profession, that does not mean you should ignore all advice on the off chance it is wrong. You just need to do the same as you would when consulting any professional, seek recommendations, google them, get a second recommendation etc...
Finance - yes it can be complex as you want it, but its not really hard to understand that cash = lowest risk (in the short term), investment grade bonds = medium risk, medium return, equities = higher risk, higher return.

Within equities its also not hard to work out some key points determining risk - diversification, whether a stock is "speculative" or not, etc. etc. Tesla being higher risk than Tesco. I think that's pretty intuitive.

Your average punter just basically needs to know that if they need access to cash in the short term, and can't afford (significant) losses, then they should keep in cash, or at a push bonds, but to keep long term investments primarily in equities (possibly bonds too if they want to reduce their risk). Keeping equities in MSCI world only is a perfectly reasonable option.

There's a lot more you can know - but that's actually enough for most people, at least to get started with. Especially in Switzerland which has no capital gains tax, no ISAs, no lifetime allowance etc.

I really don't see financial advisors being anything like at the same skill level as doctors and lawyers. You can teach yourself enough about finance as an amateur to be functional and have a good chance at beating even knowledgeable investors. I couldn't bluff being a GP or a lawyer in a field I know nothing about (I am a lawyer but only have expertise in a very narrow technical field).

If tax is a significant consideration then I accept then you may need to speak to a professional tax accountant - tax isn't simple. But that's not the same thing as a financial advisor.

I also think way too many financial advisors drive clients to awful fixed income things rather than challenging them on their risk profile. My aunt, who is a multi millionaire with no significant financial responsibilities considers equities "too risky". That's only because she's scared of the unknown. Shes 60 with no mortgage. 1 adult child with a house paid for in cash by my aunt.

What she really needs is someone to tell her that not investing in equities is bananas. But financial advisors have just accepted shunted her onto some awful, totally unsuitable product. In a way that's her fault - but it just goes to show the importance of self-education. You need to be knowledgeable enough at least to ask the right questions and understand the answers. And if you've got that far it isn't much more work to just do it yourself.

Last edited by HickvonFrick; 01.03.2021 at 15:47.
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  #31  
Old 01.03.2021, 13:44
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Re: My interest rate is 0%, any suggestion

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I find this week that the interest rate on my saving account in UBS is 0 (before I thought I had 0.01% interest rate).
And you considered this to be a good deal not to get your money employed otherwise before?
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  #32  
Old 01.03.2021, 16:18
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Re: My interest rate is 0%, any suggestion

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Finance - yes it can be complex as you want it

You can teach yourself enough about finance as an amateur to be functional

Yes, I agree . If it's something that interests a person read, read , read and your knowledge will grow.


Cheers,
TheLaughingCow

Last edited by TheLaughingCow; 01.03.2021 at 16:36.
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  #33  
Old 01.03.2021, 16:22
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Re: My interest rate is 0%, any suggestion

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And you considered this to be a good deal not to get your money employed otherwise before?
Perhaps the OP was paying off debt, and now has a chance to really invest ??

In any case, this is partially why I suggested speaking with a professional.

Cheers,
TheLaughingCow

Last edited by TheLaughingCow; 01.03.2021 at 16:35. Reason: grammar
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  #34  
Old 02.03.2021, 11:04
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Re: My interest rate is 0%, any suggestion

There's a special American bank account called "Gamestop" that apparently has been paying good returns lately
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  #35  
Old 02.03.2021, 17:24
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Re: My interest rate is 0%, any suggestion

Interactive Brokers and buy stocks.
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  #36  
Old 10.03.2021, 13:29
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Re: My interest rate is 0%, any suggestion

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Finance - yes it can be complex as you want it, but its not really hard to understand that cash = lowest risk (in the short term), investment grade bonds = medium risk, medium return, equities = higher risk, higher return.

Within equities its also not hard to work out some key points determining risk - diversification, whether a stock is "speculative" or not, etc. etc. Tesla being higher risk than Tesco. I think that's pretty intuitive.
To be fair though, something like one quarter of the population seems to be functional "illiterate" even on an arithmetic level when it comes to math, and another quarter when it comes to calculating percentages and similar; half the population has an IQ below 100 after all. And you need to have learned prioritising long term results over immediate satisfaction, something far too many don't.
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  #37  
Old 10.03.2021, 15:24
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Re: My interest rate is 0%, any suggestion

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To be fair though, something like one quarter of the population seems to be functional "illiterate" even on an arithmetic level when it comes to math, and another quarter when it comes to calculating percentages and similar
I guess you are in the lucky quarter that it is functional illiterate on an arithmetic level, but luckily you can get through calculating percentages.

May I suggest you a friend who can guarantee you returning 6 months interest of your investment with a 2% time rate?
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  #38  
Old 10.03.2021, 19:22
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Re: My interest rate is 0%, any suggestion

***Never invest what you can‘t afford to lose***

Watch the stock market. After a day or two‘s fall buy and gain 2%, then sell...

That‘s how it is now!
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  #39  
Old 11.03.2021, 13:48
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Re: My interest rate is 0%, any suggestion

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***Never invest what you can‘t afford to lose***
That doesn't make sense. A house purchase is also an investment, I'm pretty sure most owners can't afford to lose their 20% downpayment.
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  #40  
Old 11.03.2021, 14:01
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Re: My interest rate is 0%, any suggestion

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That doesn't make sense. A house purchase is also an investment, I'm pretty sure most owners can't afford to lose their 20% downpayment.
It's a geared investment so 500% of there Monet would be at risk with a minimal 20% deposit.
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