In my Saving % post, I describe the different saving scheme we have in Switzerland and I mentioned about the 3rd pillar which is tax advantage saving account. Thanks to SNB to stop supporting the Swiss franc, I jump in the opportunity to buy shares of 2 funds that our bank managed and decided to transfer the full amount for 2015 (6875 CHF) and not our standard monthly investment. By doing that, I really hope to maximize our return in 2015.
Since the 15 of January, the famous date when the SNB decided to stop supporting the CHF, the 2 funds reduced their value by around 4%.
1) ¨ UBS (CH) Vitainvest – 50 Swiss ¨: 737 parts @ 127.48 CHF
The fund focus mainly in the Swiss market with a maximum amount of 46% (long-term) of high quality Stock (main position: Novartis, Nestle, Roche, UBS and Richmont), the rest is composed of bonds and real estate.
2) ¨ UBS (CH) Vitainvest – 25 World ¨: 35 parts @ 323.54 CHF
The fund has a maximum amount of 25% (long-term) of high quality Stock (main position: Novartis, Nestle, Roche, Microsoft and Apple), the rest is composed of bonds and money instruments.
Now our Tax Free Portfolio has a total value of: 105’184 CHF.
So I consider that we made a good move in buying after this DROP with an upside of 4200 CHF and more. The expected dividend for both fund should be around 500 CHF.
Now let’s wait end of February to refill our investment cash account as it’s the month of the annual bonus. Let’s hope that our company will be generous.
Have a good weekend.