The CHEAT CODE almost no USD investor knows exists.
Swiss stocks returned 7.7% a year over the last 100 years. Pictet has tracked it since 1926: the most defensive, quality-heavy market on earth. Nestlé, Roche, the compounders of record.
Now the trick. The SNB’s rate is 0%. The Fed’s is above 4%. When a USD investor hedges Swiss francs back to dollars, that gap is paid to him. The hedge doesn’t cost. It yields.
Right now: roughly 7.7% from the equities, plus roughly 4% from the carry. Double-digit expected returns from the most boring stock market on earth.
The catch, because there is always one: the carry exists precisely because the franc tends to appreciate over time. Hedged, you trade the world’s strongest currency for cash flow today. And the 4% lasts only as long as the rate gap does.
But here’s what doesn’t expire: since 1931, no 10-year investment in Swiss equities has ever lost money. Not one.
Everyone hunts returns in the loudest market. Sometimes the trade is sitting quietly in the safest one.
Swiss chocolate.
Swiss watches.
Swiss stocks.
Read the whole investment case here:https://t.co/9n1wcGHYSR pic.twitter.com/7eNZJcBqUo
— Thierry from arvy 🇨🇭 (@ThierryBorgeat) August 1, 2026