{"id":8648,"date":"2020-04-04T10:07:15","date_gmt":"2020-04-04T08:07:15","guid":{"rendered":"https:\/\/www.smolio.ch\/wissen\/corona-and-retirement-provision-your-6-point-plan\/"},"modified":"2024-09-17T08:33:52","modified_gmt":"2024-09-17T06:33:52","slug":"corona-and-retirement-provision-your-6-point-plan","status":"publish","type":"post","link":"https:\/\/www.smolio.ch\/en\/wissen\/corona-and-retirement-provision-your-6-point-plan\/","title":{"rendered":"Corona and retirement provision: your 6-point plan"},"content":{"rendered":"Lesedauer<\/span> 3<\/span> Minuten<\/span><\/span>

The corona crash has shaken up the financial markets worldwide.
\nValuation levels have changed dramatically.
\nWhat was in demand yesterday is out today, supposedly safe asset classes have fallen in unison with the prices of the stock markets.
\nWhat does this mean for you, your financial independence, your financial decisions and your retirement provision? <\/span><\/p>\n

(3 minutes reading time)<\/span><\/h5>\n

Nothing has been the same since Corona<\/span><\/h2>\n

Since the coronavirus spread worldwide and led to a global lockdown, nothing has been the same.
\nThat’s why we first looked at possible consequences and their <\/span>Effects on shares<\/span><\/a> looked at.
\nUnderstanding what happened on the financial markets and why, and how investors and financial markets <\/span>react to information and changes<\/span><\/a> was the focus of the next article.
\nAnswers to the questions ” <\/span>Buy shares, sell, wait, start<\/span><\/a>?” are the focus of the third article.
\nNow it’s all about what you can do sensibly with corona and retirement provision. <\/span><\/p>\n

Great, clearance sale?
\nReally now?
\nStill feels bad <\/span><\/h2>\n

There’s an old saying that the stock market is the only business where the customers leave during the sales. <\/span>out <\/span><\/i> run out of the store.
\nThe saying goes that during a market crash it always feels too late to sell and too early to buy Should you run out too or should you think first? <\/span><\/p>\n

Below we briefly summarize our assessment of what you can do now in times of corona and retirement provision in pillar 3a and pillar 3b.
\nThey follow on from the previous articles in the series.  <\/span><\/p>\n

1. first stay cool and keep a steady hand<\/span><\/h2>\n

Existing equity investments are best left to run their course.
\nOr like the stock market expert and speculator <\/span>Andr\u00e9 Kostolany<\/span><\/a> As he put it: “Buy shares, take sleeping pills and stop looking at them. After many years you will see: You are rich.”
\nOr in the words of guru Gopala Iskon: Why worry? <\/span>\n<\/p>\n

2. Continue – or start – monthly payments for pillar 3a securities<\/span><\/h2>\n

In pillar 3a, you put money aside for your financial retirement.
\nWe simply let existing payments into pillar 3a securities continue as usual.  <\/span><\/p>\n

Do you still have at least 10 years until you retire?
\nGreat!
\nBecause for a long-term investment horizon <\/span>Passive securities solutions in pillar 3a<\/span><\/a> to.
\nIf you currently hold your pillar 3a in a savings account, you can consider taking the opportunity of lower valuations to switch to a securities solution.
\nWe believe that VIAC remains the <\/span>best offer<\/span><\/a> offers.
\nIncidentally, they further reduced their fees for you at the beginning of 2020 and, as far as we know, offer the lowest fees.
\nAsk us about your personal <\/span>Savings code<\/span><\/a>.
\nSo werden die ersten 500 Franken deines und unseres Verm\u00f6gen bei VIAC lebenslang kostenfrei verwaltet \u2013 du bezahlst bei den quartalsweisen Abrechnungen darauf keine Geb\u00fchren.
\nBei 30 Jahren Anlagedauer holst du so bei einer langfristigen durchschnittlichen Aktienrendite von 6.7% und Zinseszins rund 250 CHF extra f\u00fcr dich raus. <\/span><\/p>\n

3. corona and retirement provision: building knowledge of investments with ETFs<\/span><\/h2>\n

Are you familiar with ETFs?
\nGreat.
\nOtherwise our <\/span>eBook<\/span><\/a> to help you get fit in these times when investing in ETFs.
\nThe forced break due to coronavirus may be good for you and your financial goals. <\/span><\/p>\n

4. review pillar 3b investment strategy, check subsequent purchase<\/span><\/h2>\n

If equity investments are included in your <\/span>investment plan<\/span><\/a> and your <\/span>risk appetite<\/span><\/a> check whether you now have enough cash to gradually add to existing positions.
\nAlways proceed in stages – don’t shoot all your powder at once.
\nFor example, you can start with a third of the available investment amount (or a quarter, a fifth), depending on your personal assessment.
\nIf the markets fall even further – and you have to reckon with this – you can buy more cheaply.  <\/span><\/p>\n

5. start a Pillar 3b savings plan in broadly diversified investment funds<\/span><\/h2>\n

According to many years of empirical <\/span>studies<\/span><\/a> Banque Pictet for Swiss equities since 1926, buying or starting to invest has been a good strategy in the past during market crises. <\/span>good strategy<\/span><\/a>.
\nNutze bei deiner Registration bei unserem Partner Clevercircles den Spar-Code <\/span>Smolio<\/span><\/i>.
\nDu bekommst dann einen Performancebooster von 100 Franken gutgeschrieben, falls du sp\u00e4ter einmal investierst (wir \u00fcbrigens auch). <\/span><\/p>\n

6. use personal online financial coaching<\/span><\/h2>\n

Do you prefer a more personal touch?
\nIn the <\/span>personal coaching<\/span><\/a> you will receive the basics for your personal financial planning.
\nYou can put forward your concerns and get answers to your questions. <\/span><\/p>\n

Summary of coronavirus and pension provision<\/span><\/h2>\n

Even in the current situation, you can do a lot of things right.
\nEither you have already set up your (auto-pilot) program for your personal finances well.
\nThen it’s simply a case of not getting confused, sticking with it and following through.  <\/span><\/p>\n

If you haven’t made your personal financial plan yet, now might be a good time to do so.
\nThe 6-point plan can help you with this.  <\/span><\/p><\/p>\n\n