Hi everyone,
I am a bit unsure on how to manage my money, and I would like to hear your advice.
I'm in my early 30s and working in Switzerland since 6 months (B permit), and I have 2.5 years left on my contract. The contract is non-renewable (I work in a swiss university) and the only way for me to remain in Switzerland would be a career change, which I plan to do. I am currently alone but my gf will join me in 1.5 years; she wil need to find a job here. This information might be useful later.
Going back to money advice, I just managed to put enough money in my emergency found and time has come for me to start investing. Following the general advice here, I put some money in VT and CHSPI, but I am now questioning if this makes sense for me given my "uncertain" situation. I won't surely need these money for 2/3 years, after that I don't know for sure. If I don't find immediately a new job here after my current contract (which may be since I will need a career change to do that), I can use unemployment insurance for as much as I can, and after that I will be forced to go back to my home country (EU).
Hence my question: given the "long" lifespan of ETF investing (10+ years, right?), do you think it makes sense for me to continue putting money in them? What else could be better for me in my situation?
I was thinking about 2-3 years bonds, problem is I don't have a lump sum to put in them now as I save from my salary which I get month by month. Savings account have very low interests (2% max, as far as I could find) so are not very interesting. I'm genuinely without ideas.
Thanks a lot to everyone who will help me.
I am a bit unsure on how to manage my money, and I would like to hear your advice.
I'm in my early 30s and working in Switzerland since 6 months (B permit), and I have 2.5 years left on my contract. The contract is non-renewable (I work in a swiss university) and the only way for me to remain in Switzerland would be a career change, which I plan to do. I am currently alone but my gf will join me in 1.5 years; she wil need to find a job here. This information might be useful later.
Going back to money advice, I just managed to put enough money in my emergency found and time has come for me to start investing. Following the general advice here, I put some money in VT and CHSPI, but I am now questioning if this makes sense for me given my "uncertain" situation. I won't surely need these money for 2/3 years, after that I don't know for sure. If I don't find immediately a new job here after my current contract (which may be since I will need a career change to do that), I can use unemployment insurance for as much as I can, and after that I will be forced to go back to my home country (EU).
Hence my question: given the "long" lifespan of ETF investing (10+ years, right?), do you think it makes sense for me to continue putting money in them? What else could be better for me in my situation?
I was thinking about 2-3 years bonds, problem is I don't have a lump sum to put in them now as I save from my salary which I get month by month. Savings account have very low interests (2% max, as far as I could find) so are not very interesting. I'm genuinely without ideas.
Thanks a lot to everyone who will help me.