Selma Finance Experience 2021

Selma Finance is more than just a roboadvisor for Swiss people. Our Selma Finance Review is a comprehensive review and even includes an interview with CEO Patrik Schär. How high the Selma Finance Return on investment and many other exciting questions are answered here! Also a Referral Code you'll get at the end of the article! We wish you good entertainment with Selma and Patrik!

4,8

Rated 4.8 out of 5

🏆 Financial Innovator 2020

🏆 Financial Innovator 2020 - Selma Finance has done it!

What is Selma and what is on offer?

We are regularly asked what Selma actually is and what our Selma Finance experience has been like so far. Not only because Selma is a charming algorithm you can chat with, but because she talks to you at eye level, we can only report good things! Selma is a mixture of a Roboadvisor and a Investment advisor. The Roboadvisor part of Selma asks you in a chat about your financial situation, your risk tolerance, and about your long-term goals. Then you will receive individually tailored suggestions for investments or savings. A specialist looks at your situation again in the event of major events and thus offers you a service that is otherwise only available to very wealthy people. In the end there are even Swiss tax return documents prepared documents and now even an option for Pillar 3a!

That was the short version, but more detailed answers to your We have received questions from CEO Patrik Schär and put them into this article. You can find the interview in the lower part of the article.

Selma Finance advantages

Individual investment strategy through an analysis of your financial situation and your goals
Transparent and affordable fees: Due to the high degree of automation the Selma Finance fees are very low
Depot free of charge
Deposit protection for your cash reserves up to 100.000CHF
No deepened Financial education necessary
Investing in ETF savings plans within the Switzerland
Pillar 3a comparison 2021 various providers and investment opportunities
Sustainable investment in Switzerland at the touch of a button
Online account opening via video Ident
Receive now CHF 34 as a starting bonus at Selma Financeif you use our link

Selma voucher code Save CHF 34 voucher:

Disadvantages of Selma Finance

The Investment Strategy which is given to you by Selma based on your information, can only be changed to a limited extent. This is an advantage for people who do not deal with the matter in depth. For die-hard investors it might be a disadvantage, because they cannot implement their own strategy at 100%. However, it must be said that this would contradict the basic idea of Selma.
The website should look playful and clearly arranged, which is also successful. Partly the web design is but not yet perfected, which means that many somewhat confusing appears or there are graphical overlaps. Update January: The graphic errors were fixed.

Degree of innovation

Virtual investment advisor & Roboadvisor combined. Sustainable investment, precious metal feature and much more. 98%

Customer Service

Regular free webinars, newsletter and always accessible support 100%

Sustainability

Innovative and user-friendly solution for sustainable investment 95%

Fees

Free deposit, basic fee 0.68% with 0.22% product cost 90%

Reaction to Corona Crash

Regular updates by mail, posts and webinars. Asset allocation adjusted 100%

Selma Finance field report and review

One thing is fact: Selma Finance is disruptive for the Swiss financial market! A completely new concept, an extensive investment offer and playful design. The design alone is aimed specifically at young people, and the PR department does its best to do so. While financial consultants usually keep their eyes open for wealthy older people, Patrik Schär and his company want to make the financial world attractive to young people. Whether you want to gain experience with Selma Finance depends entirely on you. We consider the recommendations for investments to be solid, and especially suitable for people who do not want to deal with the topic on a regular basis.

When asked by a friend whether Selma Finance is recommendable, we answered as follows:

Would you like to take a holistic approach to your finances? With savings plans, risk diversification, allocation to asset classes and Co? Do you want to spend days and weeks reading annual reports and devouring financial books? If not, Selma Finance is recommendable for Swiss people, as it offers a really good service for a small fee. You get investment proposals tailored to you and your goals, maximum transparency, documents for your tax return and even 3rd pillar support. But if you have ambitions to deal with financial matters in depth and you see investments as a hobby, do it yourself.

But in the end, a decision must also be based on gut feeling. Therefore we CEO Patrik with the most important questions and would like to give you an insight into the meaning of this interview.

Interview with CEO Patrik Schär

... Small Talk 😉 ...

Let's start with an unsympathetic question: Patrik how high are the Selma Finance Fees?

This varies depending on your investment style and thus on the products you choose. But a typical fee looks something like this: Base fee + product cost = 0.68% + 0.22% = 0.90% per annum

How often/quickly does a portfolio shift take place?

For large investments, an employee first checks everything again, just like a "real" asset manager. However, if you make normal restructuring changes to your strategy, these are implemented directly.

Is it possible to invest in ETF savings plans with Selma Finance?

Yes, Selma will invest in ETF savings plans depending on your strategy. However, since she advises you (and not the other way around), you cannot directly decide in which ETF's you want to invest.

Will there also be a tax return for Austrians or Germans?

We are currently refining the extracts for the Swiss tax return. Unfortunately, we do not have any documents in planning for Germans and Austrians at the moment.

What is the intelligence or investment strategy of Selma based on?

Partly at work from Strategy Experts Stefan JäcklinGlobal Asset Allocation and Shiller CAPE.

Selma Finance Return

Okay, we don't want to keep our readers waiting - let's get to the most frequently asked question: How much is the average Selma Finance return of an investor?

Each of our investors has an individual strategy, and many investors do not aim for maximum returns. For example, many customers have also invested a high portfolio share very safe and liquid in overnight money. Thus, the return value varies greatly and it would not make sense to speak of "THE Selma Finance return".

What are the next goals and milestones for Selma Finance?

We have just completed the integration of pillar 3a. A separate app is also on the agenda, and we also want to expand geographically. By the way, your readers can read about our latest plans at www.open.selma.io pursue. Ultimately, every user should have an optimal Selma Finance experience, which is what we all work on every day.

Finally, just one more question, then we'll let you get back to work. Can you recommend a book?

Oh! hmmm. I'm gonna have to give you this later. Sorry. Can I get a cookbook? (We'll let the very busy Patrik go through this again. But instead we'll register for another visit with good coffee at his office).

Conclusion

We can recommend Selma Finance to you with a clear conscience and have therefore asked nicely for a gift! With the Promo code in the link there's now even CHF 34 credit to start with Selma!

You have already opened a portfolio? Then let us know in the comments how your Selma Finance experience was?

Visit Selma Finance*

Selma Code Get CHF 34 coupon code:

Selma Finance Alternative

Bondora comes from the Baltic States and is one of the largest P2P platforms. Find out more*
Mintos from Riga scores with above-average returns, but unlike Selma there is no tax optimisation for Swiss people by means of the 3rd pillar. If you still want to invest some play money, you can use the *Mintos Pick up my welcome present. *Learn more
No alternative, but a useful addition is the free bank account of NEON.
True Wealth is not a digital asset manager, but offers an uncomplicated and inexpensive platform for ETF's Our Field report shows everything about it.

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4 responses

Niklas says:

24. January 2020 at 13:08

Many thanks for the extensive review!

Reply
1. Eric says:
  
  24. January 2020 at 21:31
  
  With pleasure! 🙂
  
  Reply
Beat says:

22. January 2020 at 20:03

Is there also a voucher code for existing customers?

Reply
1. Eric says:
  
  23. January 2020 at 15:07
  
  Hi Beat 🙂 the voucher above is for new customers, but I will gladly ask the Selma Team for you!
  
  Reply

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