[DSwissK]

Good morning,
From September 1st, IB will charge negative interest on accounts with a CHF balance exceeding 50k.

 

How do you see it? Having kept some cash under my elbow to invest after a probable crash, I don't know what the best solution would be:

• Convert to USD or EUR
• Invest in a solid but over-listed company in Switzerland (ZURN style)
• Investing in a CHF ETF (but which one?)
• Buy gold (via an ETF like CSGLDC)
• Any other ideas?

Thank you for your enlightenment.

[DSwissK]

“Reasons for changes: Correction of flat-rate tax imputation (DA-1)” Oh yes! Haha, I never understood why.

[DSwissK]

Indeed, you are right. So I declared incorrectly last year… That said, I don’t think I received a request from the tax authorities.

[DSwissK]

From what I can read in the bank statement, under the item "Tax Withholdings", it seems to me that there are only the 15% of "US Taxes".

Is it possible that the Swiss withholding taxes are no longer taxed, as IBKR is located in England? And, as a side question, how do I report this, as it seems that on the DA-1 form, the additional Swiss withholding tax is automatically added?

[DSwissK]

Totally agree with you.

[DSwissK]

My two cents: a Telegram group is a better idea than an obsolete chat.

[DSwissK]

I advise you to buy calls on SPXU to hedge your US portfolio. It is a very aggressive strategy but it is a relatively cheap insurance to protect in case of crisis. It helped me a lot during the mini crash last December.

 

Obviously, if there is no decline by the expiration date of the option, it is money thrown out the window... like all insurance.

[DSwissK]

Thank you for your quick response.

 
<p style=" »text-align:" left; »>Along the same lines, on interactive brokers, do you convert your CHF to USD/yen/EUR to avoid interest or do you stay in CHF to minimize exposure to exchange rate risks?</p>

[DSwissK]

Purchase of call options on SPXU and put options on AWR in view of a (big?) correction by September.

[DSwissK]

THANK YOU !!!

 

I would have taken a while to get to this result!

[DSwissK]

It looks like the image import option is not working.

[DSwissK]

 (if it doesn't work, click on this link)

 

Since the last update of my portfolio on this forum:
HP sold, profit taking 8,74% (27,01% with div)
ZURN sold, profit taking 18,71% (45,75% with div)
TGT sold, profit taking 7.63% (13.01% with div)
ULVR sold, profit taking 29,57% (31,33% with div)
VFC sold, profit taking 23,40% (26,28% with div)
KO sold, profit taken 5.39% (7.15% with div)

Purchase of ORON (at CHF 74.45)
Purchase of VBSN (at CHF 202.00)
Buy BRKN (at 125.10)
Purchase of ADM (at $39.61)

Since June 2009:
Average annual performance (with dividends) 5.82%
Positions held on average 820 days
Average yield 3.40%

NB: The yield only takes into account the dividends received, converted into CHF if necessary, in relation to the purchase price.

 

I am still cleaning up: selling and collecting cash for a correction that should happen imminently. I am very interested in the Japanese finds indicated on this site (thanks!) but my brokers (postfinance and swissquote) do not allow trading these positions… and cost a lot in fees. I will probably change creameries soon. (But it is complicated, once you have a certain number of lines with someone)

[DSwissK]

Holy presentation 😶

[DSwissK]

Absolutely! Plus, I hate that drink.

[DSwissK]

Yeah, and the big cleanup isn't over yet!

SNH will leave soon. And I hesitate to (already) sell DIS and ULVR before the stock market goes back the other way. What do you think?

PS: How to make "pretty" paintings like it was possible before? Mine are indigestible...

[Author]

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