Hi All
I am interested in comments, feedback
Currently I am in the unfortunate situation that my landlord gave notice to me. The house gets turned down and rebuild.
I spent the last 10+ years living in Zürich.
Given the area, my rent has always been a kind of affordable.
I did not count, but spent a few years in this forum to discuss investment stuff.
My timeline is about 9 month to find a new place to stay and
Plan A) enjoy life without depending on the labor market
Plan B) find another place to stay and remain on the labor market
Regarding Plan A).
In June I visit Lisbon in Portugal to find out, if that area is appealing to me and if nice places are on the market. Last year I visited Porto and had the feeling nice, but touristy area. Espinho or Aveiro may become my destination of choice.
Savings: For the next 300 months I could spent 2K - Then I am broke.
Investment Plan A)
I put 100K into a Savings Account. And hope it lasts for 4 years.
In a country like Portugal that should work, right?
I put the other 500K into some Investment Funds and hope it goes up from 500 to 600 in 4years time --> refilling the Savings account with 100K.
Does it sound feasible to make on average 20% net profit within 4 years.
What do I do if markets turn against me, and funds drop to 400 or 300K?
My legal retirement age is in 20 years time.
Does living from savings/investments for the next unforeseeable future sound realistic?
In 20 years time, countries like Switzerland and EU would issue a small public pension to me.
Maybe I should start reading blogs of those who successfully left the labor markets.
Investment Plan A.2
I put 100K into a Savings Account. And hope it lasts for 4 years.
I purchase an Apartment/House for 200K.
Do some Airbnb during holiday season.
I put the other 300K into some Investment Funds and hope it goes up from 300 to 360 in 4years time --> refilling the Savings account with 60K.
Hope that from the initial 100K+Airbnb income 40K are left over to refill the Savings.
If markets perform better than expected, I should have enough funds for Holidays!
During the 300 months I will inherit something (Property).
Then I may move again from Portugal to Germany
I am interested in comments, feedback
Currently I am in the unfortunate situation that my landlord gave notice to me. The house gets turned down and rebuild.
I spent the last 10+ years living in Zürich.
Given the area, my rent has always been a kind of affordable.
I did not count, but spent a few years in this forum to discuss investment stuff.
My timeline is about 9 month to find a new place to stay and
Plan A) enjoy life without depending on the labor market
Plan B) find another place to stay and remain on the labor market
Regarding Plan A).
In June I visit Lisbon in Portugal to find out, if that area is appealing to me and if nice places are on the market. Last year I visited Porto and had the feeling nice, but touristy area. Espinho or Aveiro may become my destination of choice.
Savings: For the next 300 months I could spent 2K - Then I am broke.
Investment Plan A)
I put 100K into a Savings Account. And hope it lasts for 4 years.
In a country like Portugal that should work, right?
I put the other 500K into some Investment Funds and hope it goes up from 500 to 600 in 4years time --> refilling the Savings account with 100K.
Does it sound feasible to make on average 20% net profit within 4 years.
What do I do if markets turn against me, and funds drop to 400 or 300K?
My legal retirement age is in 20 years time.
Does living from savings/investments for the next unforeseeable future sound realistic?
In 20 years time, countries like Switzerland and EU would issue a small public pension to me.
Maybe I should start reading blogs of those who successfully left the labor markets.
Investment Plan A.2
I put 100K into a Savings Account. And hope it lasts for 4 years.
I purchase an Apartment/House for 200K.
Do some Airbnb during holiday season.
I put the other 300K into some Investment Funds and hope it goes up from 300 to 360 in 4years time --> refilling the Savings account with 60K.
Hope that from the initial 100K+Airbnb income 40K are left over to refill the Savings.
If markets perform better than expected, I should have enough funds for Holidays!
During the 300 months I will inherit something (Property).
Then I may move again from Portugal to Germany