Vivre libre financièrement
Vivre libre financièrement
Vivre libre financièrement
Vivre libre financièrement
All articles from dividendes.ch translated into English. Covering financial independence, FIRE strategies, value investing, and Swiss personal finance — with a European perspective.
The 4% rule is the FIRE community’s holy grail — simple, reassuring, and deeply flawed. After 25 years of investing and several years of actual retirement, I can no longer defend it. Here’s the methodological case against SWR, why gold is its most revealing victim, and what a rigorous alternative looks like.
Why the 4% Rule Is Broken — And What Gold Reveals About It Lire la suite »
BIC, the world’s number one lighter brand (55% market share), faced a tough 2025: net profit down to €86M (-59%), adjusted margin at 13.6% and dividend cut to €2.40. New CEO, portfolio streamlining and 2026 declared a transition year.
BIC stock analysis: world leader in lighters and pens Lire la suite »
The FIRE movement has produced tens of thousands of financially independent people. It has also produced near-intellectual unanimity around a single investment paradigm: passive world ETFs, Vanguard, Bogle, Malkiel. What barely exists is the other great tradition — that of Graham, Buffett, and value investing. Why?
The FIRE movement promises early retirement. But most people who achieve financial independence don’t stop — they pivot. FINE (Financial Independence, Next Endeavor) is the concept that describes this reality.
FINE vs FIRE: Financial Independence as a Launchpad Lire la suite »
I owned 4 properties in Valais and managed a stock portfolio for over 20 years. Net real estate yield: 2.3%, up to 14.33% with leverage. Stocks: 7% after tax. Swiss tax, LPP strategy, liquidity: the full honest numbers.
Real estate vs stocks: 20 years of experience, real numbers Lire la suite »
Two major strategies compete in the FIRE quest: cutting expenses (demand) or maximising returns (supply). One has a natural ceiling. The other doesn’t. A data-driven demonstration.
Financial independence: supply beats demand, here’s why Lire la suite »
FCF Yield outperforms the P/E ratio for identifying undervalued stocks — but does it hold up with real transaction costs? 22-year European backtest, 40 stocks, point-in-time data. Results, limits and FCF/EV vs FCF/MktCap comparison.
FCF Yield: the ratio Warren Buffett uses without naming it (European backtest) Lire la suite »
ETFs make investing easy and affordable — but are they truly the optimal solution? This complete guide analyses their advantages, their systematic bias towards large caps, and reveals when direct stock investing is superior. Detailed comparisons of SPY, VTI, QQQ and European alternatives.
Investing in ETFs: advantages, limits and practical choices Lire la suite »