117
votes
Is this broker a scam?
They call you, instead of the other way around.
They promise more than 10% a year return*.
They ask you for rapidly increasing sums of money.
Multiple unrelated domains use their exact website.
They ...
- 2,113
100
votes
Is this broker a scam?
This is part of highly sophisticated network of scammers. This scam is spread across hundred of websites (some list can be found here and here), most likely using "fake" or stolen details and they're ...
- 1,946
99
votes
Is this broker a scam?
It is a scam. There are quite a few websites with different names but same layouts.
https://www.master4x.com/index.php.
https://www.8infx.com/index.php.
https://topicmarkets.com/index.php
...
- 57k
45
votes
How to rescue my money from negative interest?
I'd prefer having it (more or less) fluent at any time, if possible...
And the Swiss National Bank (SNB) will do their darndest to make this a costly option. That's exactly the point of negative ...
- 1,179
42
votes
Accepted
Possible scam for security deposit - bank operation
This is normal for Switzerland, it's called "Rental surety savings account" or "Rental Deposit Savings Account"
and banks invest a lot to automate opening and closing such accounts,...
- 466
29
votes
How to rescue my money from negative interest?
Withdraw your savings as cash and stuff them into your mattress?
Less flippantly, would the fees for a safe deposit box at a bank big enough to hold CHF 250'000 be less than the negative interest ...
27
votes
Is this broker a scam?
You got a call from someone, out of the blue, asking you for money. How is this not a scam? Cold calling is a good indicator of a scam. You also seem to be in denial of that fact that you’ve been ...
- 409
19
votes
Accepted
What happens to my Social Security benefits if I work less than 10 years in the U.S?
No. Switzerland is one of the few countries the United States has "totalizaton" agreements with (not to confuse with tax treaties) to work around this kind of thing. You can find the list of the ...
- 399
15
votes
Grindr Sugar Dad Scam?
There is absolutely, zero, no doubt whatsoever that you have been scammed. The FBI call is fake, especially since the FBI would get into deep trouble with your own Swiss police if they dared doing ...
- 22.4k
13
votes
Possible scam for security deposit - bank operation
I know that in Germany similar things exist - the main idea is that the money is still under your name, and only blocked by the landlord during your rental. As a consequence, the landlord cannot ...
- 37.6k
11
votes
What are the advantages of a Swiss bank account?
Advantages
Here are some reasons why it is advantageous to hold a portion of your savings in other countries:
Banks in other jurisdictions may be safer than banks in your home country. For example, ...
- 218
11
votes
Is this broker a scam?
Here's how the scam works.
Find a "hot trend" that people hear a lot about, but don't really know that much about. BitCoin is always in the news, and there's already a lot of spam flying around ...
10
votes
How to rescue my money from negative interest?
You obviously pay your taxes in Switzerland and are employed (judging from your comments on your maximum possible contribution to the 3. Säule).
Under these circumstances, your best best may well be ...
- 728
10
votes
Possible scam for security deposit - bank operation
I can't speak for Switzerland but there is a "bond escrow" for tenants in New Zealand where your security deposit is held, and only released afterward back to the renter, or to the landlord ...
- 780
10
votes
Accepted
I realized I am too stupid to buy individual stocks, should I use "robo-advisor" consulting?
Actually I like to buy stocks, is like a little hobby, but my results
are very bad. Especially compared to the market average.
So buy the index funds that mirror the market average. Very little ...
- 136k
9
votes
Is this broker a scam?
I'm not saying whether this is a scam or not, although it seems VERY fishy, but here's how the scam could work in a way that fits the facts:
You give them a thousand Euros, which they "invest" for ...
- 130k
8
votes
Do I need to pay U.S. taxes on a summer internship in Switzerland?
Were Swiss income taxes withheld from your wages (i.e. the 5570 CHF was what you got in hand after taxes were withheld), or was that the entire amount that you earned -- no deduction for any kind of ...
- 31.6k
6
votes
How to rescue my money from negative interest?
In Switzerland you should have access to many brokers with fair rates, e.g. Interactive Brokers.
Going through them you then put the money in various Swiss stocks like Roche, Novartis, Swisscom, ...
- 2,113
6
votes
Is this broker a scam?
Well, first of all, if they're investing, they're not a "broker", they're a fund manager. Standard practice is to have those two roles separate: there's someone who decides where to invest the money ...
- 9,800
6
votes
Accepted
Gold - What is GB01/CHF? How does a metal account work?
GB01 means a gold bar with 1g and GB01/CHF means the price in swiss francs, in this case 51.92 CHF per gramm.
And to add the important investment advice: if you can't figure out what you are trading, ...
- 7,422
6
votes
Possible scam for security deposit - bank operation
This exists in Belgium, too. I am only fluent enough in the Flemish part of how it works, but it's called "huurwaarborg" (~"rent security/guarantee") and is placed on an account ...
- 161
5
votes
How to rescue my money from negative interest?
The problem is that every option comes with risk - as you note, if you put money in stocks, you could lose (and many stocks are overpriced). If you put money in bonds, you could lose (many bonds are ...
- 727
5
votes
Accepted
Hyperinflation effects on mortgages
Hyperinflation is almost always disastrous for the country that experiences it. Any country that expects it devotes any available effort to avoiding it, rather than mitigating its effects.
High ...
- 33.1k
5
votes
Accepted
What are the disadvantages of keeping a small part of your assets as cash in a safe deposit box?
The disadvantages are cost, zero interest for your savings and inflation. As you already noticed, with negative interest rates there is a crossover point where it is cheaper to lock up cash than keep ...
- 7,422
4
votes
What should I do with a savings account in another country?
If the fees to keep the account open are reasonable then it's worth keeping it open for now. It streamlines things if you need to visit or otherwise have business transactions (e.g. order things from ...
- 3,642
4
votes
Accepted
Can you withdraw money from my Swiss Bank account with just the account number and password?
That's all I need to transfer money out of my US, UK and NZ bank accounts. Can't see why CH would be any different ;)
- 7,566
4
votes
Television license tax in Switzerland as exchange student
As fare as I understand the law every houshold has to pay this tax (income is not important).
There are the following exceptions.
households in which at least one member receives AHV / IV ...
- 151
4
votes
Accepted
Money laundering and speculation gains
Broadly speaking, authorities looking for money laundering focus on transactions not on assets. It is generally much more interesting to look at where the money is moving from and to than at the ...
- 26.5k
3
votes
Accepted
What's the difference between CH-DD and LSV+?
The CH-DD is a direct debit facility offered by "PostFinance" on accounts held there. PostFinance is essentially a subsidiary of Swiss Post that is into banking. Most people in Swiss would have an ...
- 57k
3
votes
What would be my tax liability in Zurich, Switzerland?
While it's not important which citizenship you have, it is very relevant to know your type of permit in Switzerland.
Unless you have a C permit (aka residence in the sense of the Swiss laws) or are ...
- 1,179
Only top scored, non community-wiki answers of a minimum length are eligible