this post was submitted on 03 Feb 2025
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Inherited a Swiss holding company – what do we do with the portfolio? (lemmy.blahaj.zone)
submitted 1 month ago by [email protected] to c/[email protected]
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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?

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[–] [email protected] 1 points 1 month ago (1 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.

[–] [email protected] 1 points 1 month ago (1 children)

Even with fiduciaries is that as I said, they will claim they don't take kickbacks which is technically true. Meanwhile their research department that doesn't directly advise customers but gives the fiduciary the list of stocks to buy is taking kickbacks which adds profit to the company that pays the fiduciary's bonus.

Active managers underperform the market. And charge a fee to do it.

What you should look at is a tax accountant that can advise you on how to minimize taxes as you transfer any stocks you don't like into index funds like SPY.

[–] [email protected] 1 points 2 weeks 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.