Looking for feedback on my portfolio and overall approach.
Background:
- 36, European, living in Switzerland
- No capital gains tax, high dividend taxes
- Investing ~13 years
Goal: financial independence (ability to stop working, take time off, travel, or relocate if I lose my job/dont want a new one anytime soon)
Portfolio
Taxable: ~$1.9M
85% VT
15% IBIT
Swiss private pension: ~$250k
Low-risk, CHF-pegged, capital protected
Not included in FI number due to rigidity
Status
~27× annual expenses (≈30× incl. pension)
Saving ~40% of income
Still working because I like my job
Rationale
I simplified after realizing that over engineering my portfolio in the past hurt my returns due to behavioral mistakes (doubting my allocations %).
VT for global diversification.
IBIT as a hedge against inflation and macro risk; I’ve held BTC for many years and reduced it over time.
No cash as I thibk of my swiss private pension amount as the cash one since once I have access to it (leavign the company and country) it will be paid in cash and its not affevted by the market negative returns, only can be positive (thanks swiss government I guess).
Tax note:
I use US ETFs (VT vs VWCE) since in Switzerland I can reclaim the 15% US withholding tax on dividends.
Questions
Does this make sense from a risk/behavioral standpoint?
Any optimization ideas without adding complexity? I know many usa people are highly ome based and go like 100% in SP50p but outside of the usa msot of us o vets in the world for different reasons including currency risks, geographic risks etc (the debate seem to be eternal between usa investors and global ones).
Would you cap IBIT or let it drift (i though of rebalancing with a band of 5%)?
Appreciate any feedback.