u/moneyhunger69

E.g. lawn mowing, car cleaning.

I am lucky to make significant amounts of money every month since very recently. Naturally I was a bit unsure what to do, and looked around. Whenever I search online what to do or ask a ChatBot of choice, everyone is always like 'get a financial advisor immediately'. So I actually did chat with one bank and was shocked at their fees (I have my money in IBKR in a ETF portfolio... they wanted 0.4% of the portfolio per year).

I also am on a salary so it's not like I can optimize my income taxes in any meaningful way, so I don't think I get value from a tax advisor.

What's up with the 'paid financial advisor' and why would I want that and why not just keep it all in the ETFs.

For reference I do

IWDA USD 45%

EIMI USD 5%

CHSPI CHF 30%

ZGLD CHF 5%

AVUV USD 5%

cash CHF 10%

(yes a big CHSPI exposure)