I went from working for the state in France for about 30k€ to working for a big tech company in Switzerland and earning a base salary of 185kCHF + benefits (car allowance, stock), and not being used to having money, I'm clueless as to what to do. A lot of the advice here seems to be rather US-specific. For the first months, I was planning to use a French Plan Epargne Logement in France, which gives you 1% a year tax-free up to around 60k, with zero risks, and your money locked in for 4 years. But I'm thinking maybe it's stupid to start with such a low interest rate, and if I want to get anything from compound interest, I should start riskier investments higher returns early?
Does anyone have any advice regarding what I could do? Interest rates seem so low these day that I wonder if 1% would be so bad after all. Would investing in low-cost index funds be a good idea at all?
Housing in Switzerland seems pretty crazy, with very few units under a million. Doesn't seem doable for now (especially since I don't plan on staying in the country forever).
Submitted September 28, 2017 at 07:58AM by loulan http://ift.tt/2hzkJxd
