timberwolf1021

joined 3 weeks ago
sorted by: new top controversial old
Inherited a Swiss holding company – what do we do with the portfolio? in c/investing
[–] [email protected] 2 points 1 day ago (1 children)

Is one better than the other?

Inherited a Swiss holding company – what do we do with the portfolio? in c/investing
[–] [email protected] 1 points 1 day ago

Thank you, this sounds like good advice. I should've mentioned in the original post, but we're in Canada. We'll start by approaching a tax accountant and then go from there.

Inherited a Swiss holding company – what do we do with the portfolio? in c/investing
[–] [email protected] 1 points 2 weeks ago* (last edited 2 weeks ago)

We already have a cause we support, and while we most definitely won't be donating everything, we will absolutely be donating a percentage.

Inherited a Swiss holding company – what do we do with the portfolio? in c/investing
[–] [email protected] 1 points 2 weeks ago (2 children)

Yep, for sure. We'll also make sure anyone we work with is a fiduciary, to help guard against those kinds of corrupt practices.

Inherited a Swiss holding company – what do we do with the portfolio? in c/investing
[–] [email protected] 2 points 2 weeks ago (3 children)

There are a large number of funds available to us through the company, which has its account at UBS Switzerland AG. What should we be prioritizing when fund-shopping?

Inherited a Swiss holding company – what do we do with the portfolio? in c/investing
[–] [email protected] 1 points 2 weeks ago

We are shopping for an asset manager, but it seems like a good idea to walk into that with our eyes already open and some beginning ideas.

3
Inherited a Swiss holding company – what do we do with the portfolio? (lemmy.blahaj.zone)
 

My wife is inheriting an investment holding company that belonged to her grandpa, who passed away a few years ago. The ownership transfer is in the final stages, so we'll need to start thinking about what we ought to do with the assets it holds. Could you guys give us some guidance?

The company's assets are in a Swiss account that includes:

  • 175 ozt fine gold (0.995), valued at about $500K USD;
  • 2,000 shares of UBS Asia Flexible Bond Fund USD P-acc, valued at about $300K USD;
  • Cash, mostly in Euros, valued around €350K/$360K.

The Asia bond fund invests in a variety of countries, including Indonesia, the Philippines, and Sri Lanka. About a quarter is sovereign bonds, and the rest is a mixture of bonds in those emerging markets.

The performance is not terrific, but now does seem like a good high point to sell. The percentage growth over the years was -5.7% in 2021, -16.4% in 2022, 3.9% in 2023, and 5.8% in 2024. Am I correct in thinking it's rational to sell these shares?

As for the gold, I'm not actually sure what makes the most sense. Thoughts?