Investment strategy

I have several potential plans (mutually exclusive):

• Buy a flat in Paris (70-80m², two bedrooms), with the intent to move back there in 2025,
• Or, same thing in another large city in France (Lyon likely, 2025), + a vacation home by 2030,
• Move somewhere else in the world (NYC?),
• Change nothing (“No idea what I’ll do in the future”)

Real estate would be a joint acquisition with my partner, most likely.

Current profile (using market quotes from mid Feb 2021):

• Earnings (yearly, net, est.): CHF 140k (saving roughly CHF 80k)
• Equities (GAFAM RSUs vested periodically, in addition to earning, net):

• $48k autosold (cash)
• GAFAM $12k (kept in stock)

• Current assets and allocation:

• PEL (French savings, 2.5%): € 55k
• GAFAM: $25k
• CH Pillar 3a: CHF 8k (100% stocks)
• CH Pillar 2: CHF 55k (No idea how allocated…)
• Yomoni (French managed, 60% stocks and co): € 6k
• “Fonds €” (secure, perf ~bonds): € 10.5k
• ETF WORLD: € 4k + $ 1k

• Cash:

• € 20k
• CHF 108k
• $ 34k

My partner:

• Same company, same order of earnings (will be filed later).

Notes:

• CH taxes

• income but not capital growth, accumulating ETFs are usually better than distributing for this reason.
• PEL dividends are taxed as income, but not french social contributions.
• I’m keeping existing french accounts for future (french) tax savings

• Due to my current employment, I’m overexposed to USA tech companies, and there are restrictions in buying some ETFs with a significant fraction of GAFAM (2-3%).
• Having plans in 5-10 years means that I need to find a balance between risky-but-lucrative in the long term and safer investments that I can sell for capital input when buying.

Hypothesis:

• TODO
• Housing market price inflation

• In Paris:
• In Lyon:

Variables:

Mortgage:

• Rates?
• How much capital input is needed?

In Switzerland?

In France?