[Jerome]

Hi
Thank you for all these compliments !!!!! It's too much 🙂
In fact I have some titles that partially match what you say, in my 2nd "Ex-US" strategy, such as:
– EMMN
– BELL
– WKB
– JFN
– PAXN

These are small companies, but they are not startups or tech companies either. I do not close the door to small caps. When I find interesting ones, I take them. But on the other hand, I do not really like tech companies or, in general, companies with too high a growth rate because they have an unfortunate tendency to be affected by fashion effects... they fall back very quickly from their peak.

[Jerome]

The 3rd pillar is obviously a crappy return since it is managed by a bank or an insurance company, so management fees and investment in assets that don't bring in much.
The only advantage is that you can deduct the amount invested from your taxable income from a tax point of view.
So if you can afford it, do both, growing dividends for income and capital appreciation, 3rd pillar for taxes.

[Jerome]

Hi Djoff

Glad to see we're attracting artists here too.
Welcome to you and all the best for your investments!

And thank you for your compliments.

[Jerome]

ah ah!
welcome to you
There are many Valaisans or exiles who live in Valais here
it is certainly linked to the climate or the mentality of the inhabitants of the Old Country 🙂

[Jerome]

in addition to information at Postfinance, you just need to have assets greater than 25,000.- all accounts combined (current account, savings, trading including share value), to have free access to all their basic services, including debit card, with withdrawals without any fees from ATMs worldwide and deposit fees
Of course, you still have to pay the transaction costs for buying/selling securities

[Jerome]

Hello and welcome to you

for the virtual wallet, personally I use the one from ft.com: http://portfolio.ft.com
I think it's great and it has everything you want.
for swissquote, no management fees, but beware of custody fees… unlike postfinance
the purchase and sale costs are the same
the rate is per complete transaction

good start to you!

[Jerome]

topic already covered: http://www.dividendes.ch/forum-2/dividendes/fiscalite-dividendes/
zero added value
15% US non-recoverable tax
15% Swiss tax recoverable (withholding tax)

[Jerome]

Sorry, this is outside my area of expertise... plus it depends on the canton you are in.

[Jerome]

I don't know the French specificity. What I do know is that it is always clearly preferable to manage your assets yourself.
Insurance companies have very expensive operating costs, due to the mass of assets and customers they have to manage.
In addition, their investments are standardized and will never really match your investor profile.
In short, you are never better served than by yourself.

[Jerome]

For me, REITs are only useful as a complement to growing dividends, to diversify your portfolio. They have the double advantage of being partially decorrelated from the stock market and self-protecting against the variation of their currency, the dollar (they vary in the opposite direction, like oil companies). I also clearly prefer growing dividends of course. To date, I only have 3 REITs in my entire portfolio (37 positions in total). So 8% in terms of positions, 5% in terms of value.

[Jerome]

Yes, it's true that some technologies can gently move into the ranks of cash cows.
you are right to talk about MSFT and AAPL
we can also think of INTC
It reminds me a bit of IBM at the time.
Be careful, however, it can happen that giants like this, due to a few bad strategic decisions, miss a technological turning point.
These companies, due to their preferred sector, are much more subject to this type of error than more traditional companies, for example in food or cosmetics.
IBM, for example, has already had to completely reinvent itself twice, otherwise it would have disappeared.
We can also think of the case of Kodak... no one could have imagined that this giant, a former member of the Dow Jones, would become what it is.
Let's also think of Nokia, the leader in mobile phones not so long ago!
in our paradigm today, it is difficult to imagine a "life" in AAPL or MSFT, yet who knows maybe in 10 years they will have disappeared or almost... all it takes is one failed technological shift and bye bye... that is the magic of technology, it goes very quickly in one direction as in the other

[Jerome]

– VFC, obviously… + 340% in USD, + 257% in CHF and + 388% EUR!
– LOW
– ADP
– HRL
– ABT

[Jerome]

Hi
It's true that we talk less about high yields here because growing dividends are favored.
The problem with high yields is that they often reflect difficulties, temporary or not, of the company, with a drop in profits, accompanied by a fall in the share price, and ultimately a reduction or cut in the dividend (with the consequence of an even more violent fall in the share price). This is not always the case, but history has shown that this is often how it happens.

In short, I'm still going to play this game and make my little selection:
– ARLP: 10.8%: it is an MLP, a coal producer in the US, in difficulty like all energy companies at the moment. Sensitive souls should abstain: very volatile and in a bearish phase.
– DEM: 5.2%: Emerging market high yield equity ETF, like energy, under pressure at the moment

[Jerome]

Interesting yield, payout ratio (still) correct, dividend growth also correct, but be careful: the yield is interesting because the price is in free fall (it actually reflects the profits which are also in a downward phase)
all this embellished with a nice volatility…
So only play if you have strong nerves and you have a very long-term perspective, because in the short term it could be quite a shake-up.

[Jerome]

it's done, I turned you into a contributor 🙂
looking forward to seeing you trading apricots and petite arvine…

[Author]

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