Net Worth Update #03: March 2020 – Partial Unemployement (+3’838 CHF)

This month of March 2020 has been quite unique for me. First, we saw the fastest bear market for the stocks in history. At the time of writing this article, the S&P500 has gained more than 20% from its current bottom making it the strongest stock market increase since the Great Depression. Also, for the first time in my life, my employer has put me under partial unemployment.

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Net Worth Update #02: February 2020 – Before the storm

This update is also published a bit late (end of March 2020) but is important. In February, the COVID-19 had an outbreak in Europe, and Italy put the country in lockdown in the end of February. This decisions, which was also followed by other major europeans countries, had a dramatic effect and marked the start of a bear financial market for stocks.

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#01 Net Worth Update: January 2020 – The Beginning

// This article was written in very early February but only published mid-March 2020. Sorry for this delay. I have not touched the text of evolution and expectations for each wealth category. Things have since drastically changed.

Friends, today is the first edition of the upcoming monthly Net Worth Updates! January 2020, how did we do?

This month was not planned to be a great from a saving perspective. Between Christmas with the families (travelling and buying presents), new tires for the new car, and random activities to enjoy the 2-week break this was not expected to end with good results.

But we are following the “fat” FIRE mindset and therefore we enjoy ourselves from time to time. Let’s get to the numbers.

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Understanding The Swiss Pension System

The Swiss pension system is divided in 3 pillars. 2 are mandatory (1st and second) and 1 voluntary (3rd pillar). Depending on your professional activity and pension scheme chosen, various choices can be made.

For this post, I will present the three pillar pension system viewed from a regular employee living on a monthly salary.

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