We are different

Last Friday I participated in another battle against my gray hairs. The current score is even, but a few weeks from today my gray hairs will have the upper hand again, until I even the score once more. Even though it is expensive, I enjoy going to the hairdresser.

My husband on the other hand detests going to the hairdresser. He prefers me to shave his hair with a hair trimmer. In our almost 29 years, I have only managed to persuade him to go to the hairdresser once, when we got married.

Most of the time he sits completely naked on a plastic stool in the bathtub while I shave off his hair. The sight of the two of us was significantly better 29 years ago when we are in our 20s compared to now when we are both over 50...

I married up

Today we increased our holding in Capital Southwest Corporation Common Stock (CSWC) by 60 shares.

For the sake of transparency, it is actually my husband who has increased his holdings. Due to the lack of a prenuptial agreement, it will be us.😉

Joking aside, I would never be able to claim any of his money in a possible divorce.

More than a little hiccup

Finally, NewtekOne, Inc. Common Stock (NEWT) declares its quarterly dividend. The rumor was grossly understated according to the email I received from Seeking Alpha. The headline was "NEWT: Newtek One Declares Quarterly Dividend of $.018".

The rumor was that they would cut their annual dividend from $2.80 to $0.64 per share. Instead, according to Seeking Alpha, they dropped it to $0.072 which would be a drop that my forecast would not be able to recover from.

Thankfully it was just a typo, the quarterly dividend fell to $0.18 which was better than rumored. Now I can only hope that the stock price reaches our set price so that we can sell off our entire holding, sooner rather than later.

Someone is going to have a bad day at work tomorrow

I guess all the overload attacks Sweden has been exposed to lately are starting to have consequences. Both one of our best friends and my parents have been affected.

The Wi-Fi at my parents' summer house was turned off due to an unpaid bill. Which was not true and they had their Wi-Fi reinstalled the next day.

A good friend of ours had the same thing happen to him, but for him it was much worse. On his way home from a mini-holiday, his supplier refused him access to the discounted electricity rates to charge his electric car because of an unpaid bill. He had to charge his car with his Visa card, which was twice as expensive. He had paid his bill.

I would not want to work on their customer support tomorrow and have to take this call. If this has happened to our friend, I assume that more customers have suffered the same thing.

Do as I say not as I do

I cannot stress enough the importance of regularly printing out your holdings on hard copies and keeping them somewhere safe. Normally I do it on the last day of every month. Unfortunately I missed it for January this year.

Today it has happened again, all our holdings on the endowment insurances with Nordea have been deleted. Even though I don't get nervous or anxious, it's frustrating every time it does.

I sincerely hope they restore all holdings and liquid funds starting tomorrow as we intend to make some purchases. I have put a reminder in the calendar to print our holding on Tuesday next week.

The math result is in

I haven't seen the test results myself yet but according to the offspring he got a 6. The highest you can get is an 8. For his sake, I really hope it's true.

Junior had his second math test of the term yesterday. Personally, I think students should have their previous test back before taking the next one.

How else will they know what they did wrong?

Rumor has it

The buzz is that NewtekOne, Inc. Common Stock (NEWT) is cutting its annual dividend from $2.80 to $0.64 per share. If that is true, we will not reach the dividend amount that I have calculated for 2023.

I hope that sooner rather than later the share reaches the price we set for when we sell off the entire holding. I am so ready to sell off the shares.

Right now I feel like a loser!

We continue to reduce our indebtedness

This month we made another extra payment on our mortgage. Like last month we paid off $500 on our mortgage.

Every time we make an extra amortization, the bank asks a number of control questions. I fully understand this but wish they could adjust the questions depending on the size of the amount you wish to repay.

Having to verify a sum of 500 dollars feels a bit provocative when hardly a month goes by without it being revealed that some bank has been caught laundering billions for drug cartels or oligarchs.

Assuming our mortgage lender doesn't raise their current 3 month interest rate any further before Wednesday next week we will be able to continue making extra repayments for the next 3 months.

However, we will need to lower the amount to $300 starting next month to not have to increase our budgeted housing costs.

I can not wait

Heavy snowfalls in the Sahara desert and dividends in February are about as common. Thankfully, February is the shortest month of the year.

That it is the 1st of March on Wednesday next week is pure joy. According to my calculations, March will be our best month this year. Compared to February, the dividends for March are to be 3 times higher.

All the special and supplemental dividends already announced to be paid in March ensure that enough air is pumped into our air cushion and that factors such as foreign withholding tax, brokerage, exchange rates, exchange charges, DRIPS and "straight" dividends are prevented from crashing our monthly target.

I will never give up

Tomorrow I will fight another battle against my gray hairs. No matter what everyone says, getting older sucks. Poorer vision, poorer hearing, poorer knees and the more superficial like gray hairs and fine lines around the eyes.

It bothers me when a 20-something tries to downplay the age thing by saying "age is just a number". I was the same at that age, unfortunately I know better now...

Will March be the first month we reach the monthly target?

Today, both Fidus Investment Corporation Common Stock (FDUS) and Main Street Capital Corporation Common Stock (MAIN) came out with information that puts more air in my air cushion.

FDUS has decided to distribute a supplemental dividend of ¢15 per share and a special dividend of ¢10 per share, both payable on March 29.

MAIN has decided to pay a supplemental dividend for the second quarter of 2023 of ¢175 per share, payable on March 28.

Hopefully these special/supplemental dividends will help us reach the monthly target for March.

Presidents Day

It's a holiday in America today. Because of this, the stock exchange is closed. When you don't live in the same country you invest in, you easily miss these days.

When the value of the portfolio barely changed even though the stock market should have been open, it became obvious that something was wrong.

Happy President's Day!

I want him to succeed in school but...

Junior got his biology test back. The test was divided into 4 parts. The highest you could get was an 8 and the lowest was a 0 on each part.

The offspring scored 8-6-6-8, which together gave him a 7. I haven't dared ask what unit this exam was for, but I sincerely hope it wasn't sex education.

They make our ones and zeros go haywire

During the weekend, both Swedish authorities and companies were exposed to denial-of-service attacks.

I'm guessing it continued today as our internet connection has never been so unstable, plus the majority of our suppliers' websites have been down on and off throughout the day. It creates so much extra work and frustration. Requests that normally take 30 seconds took hours today.

These denial-of-service attacks are incredibly annoying. But compared to the missile attacks in the ongoing war in our immediate geographical surroundings, this is nothing.

What you lose on the merry-go-round you make up on the swings

Gladstone Investment Corporation Business Development Company (GAIN) makes a special March dividend of ¢24 unlike Armour Residential REIT, Inc. (ARR) which cut its dividend for March 2023 by ¢2 compared to the corresponding month in 2022.

Assuming ARR's cut of their dividend applies for the rest of the year, my net loss, even after factoring in the extra dividend from GAIN, would be $58 on an annualized basis.

Based on previous experience with GAIN, there is a great chance that they will make an additional special dividends during the year which will be to my advantage in the end.

Same situation time and again

Apart from a few holdings consisting of only 1 share whose dividends are so small they are not even worth mentioning, we only have the following left to receive for February.

Armor Residential REIT, Inc. (ARR), payment date February 27
Gladstone Capital Corporation Common Stock  (GLAD), payment date February 28
Gladstone Investment Corporation Business Development Company  (GAIN), payment date February 28
Guggenheim Strategic Opportunities Fund Common Share (GOF), payment date February 28
Oxford Lane Capital Corp. Common Stock (OXLC), payment date February 28

February's final result, like January's, will also miss the mark. I have accepted that most months will miss their respective end goals.

I intend to remain optimistic and hope for many and vast special dividends in December to save the final goal.

They took one for the family

Today I spent the afternoon with my best friend, her 2 sons, one of whom is my godson and the most perfect teenager in the world who is the godson of her husband.

Being able to spend time with our "children", hers are 24 and 22, and enjoy Stockholm's best afternoon tea is unbeatable.

Since afternoon tea is not something they would choose, it is heartwarming that they went along.

It was absolutely perfect.

A clarification

After this post, I will stop complaining about Sweden's central bank and previous government for their idiotic decisions that led to this inflation.

Firstly, inflation would have come sooner or later but not as powerfully if the previous government had not dismantled half of Sweden's nuclear power plants without first replacing them with another energy source.

This, in combination with the previously negative policy rate during the current boom, created a perfect storm for many households.

Since this inflation did not come about through overconsumption, but mainly because of the rampant energy prices, Riksbanken's main and really only weapon, policy interest rate increases, will not work.

This means that all residents of Sweden will have to pay for this in one way or another.

Still beneficial

Today's transaction history shows that we got the tax refund deposited into our accounts with Nordea yesterday. The same history shows that the tax for our holdings we have in our endowment insurances was collected on the same day. The net surplus was $120.

For each increase that Riksbanken makes of the policy interest rate, the tax on the holdings increases. Despite Riksbanken's recent increases, it is still significantly cheaper for us to have an endowment insurance compared to a brokerage account.

The policy interest rate and the energy price have the same characteristic, they affect pretty much everything.

More good news

Sixth Street Specialty Lending, Inc. Common Stock (TSLX) is like a Kinder Surprise.

Today the company announced that it is increasing the upcoming dividend by ¢1 plus a special dividend of ¢9.

I have also decided that any temporary increases and extra dividends like these will be allowed to act as an air cushion in my spreadsheet, therefore I will not add the tax refund as a dividend in my spreadsheet.

Every month that falls short of the forecast will suck but the real goal is the whole year.

Be at one's wits end

Taking into account the transaction history for the refund of foreign withholding tax, we should receive a payment from Nordea in the next week.

As for Nordnet, we should get the first refund of the year at the end of this month, if they keep what they promise.

So far I have only deducted the foreign withholding tax without taking into account the tax refund, which is actually wrong. The more executed dividends that have been made, the clearer it becomes that I will most likely have to enter these tax refunds, primarily Nordea's, as dividends to make my spreadsheet fair.

I will decide at the end of the month how to proceed.

Some good news

One of our larger holdings, Sixth Street Specialty Lending, Inc. Common Stock (TSLX), came out with quarterly earnings of $0.65 per share last night.

The outcome beat the Zacks Consensus Estimate, which is an investments data and information service provider, of $0.56 per share. This compares with earnings of $0.63 per share a year ago.

As the holding represents 6.8% of our total portfolio value, it will be exciting to follow the share price when the premarket opens. Considering the result was above the Zacks Consensus Estimate, I sure hope the outcome isn't already priced in.

Some insights you don't want

One of our holdings, Omega Healthcare Investors, Inc. Common Stock (OHI), is in the business of providing housing for seniors who cannot remain at home.

Currently, 15% of America's population is over the age of 65. By 2050, the silver tsunami is expected to have arrived and the US population over 65 will have risen to 20%.

The excited feeling that this is a good investment did not have time to set in before I calculated that both he and I will be over 80 in 2050.

Mr. Dewlar burst out laughing as soon as he understood what I was thinking. He exclaimed quote "that's right baby we are the silver tsunami" unquote.

All factors are identified, I hope

After I compiled the dividends on our Nordea accounts from yesterday and the dividends from today on the Nordnet accounts, it shows that another factor is affecting my calculations in the spreadsheet.

To simplify the equation in my spreadsheet, I have divided the annual dividend by the months they pay, a "straight" dividend. Since several companies vary their dividend amounts between months, I get further deviations during the year.

I really hope that the monthly result stays within my tolerance. However, the most important thing is the final result for 2023.

The chart below shows our dividends to date.

Click to enlarge

Patience is a virtue

Today we have received almost half of the remaining dividends for February in our Nordea accounts.

Exactly which holdings they originate from will not be clear until tomorrow morning when the transaction history is updated.

In addition, according to my calculations, we should receive additional dividends on our accounts with Avanza and Nordnet tomorrow.

Plus NEWT continues to linger its announcement of upcoming dividend amounts.

I never learn

Riksbanken's recent increase in the key interest rate strengthened the SEK against the USD, only to partially fall back a little later.

When the above currencies move significantly against each other, it means that our entire holdings can go up or down by over tens of thousands of dollars in just a few minutes.

When the holding increases in a short time, any future acquisitions feel unprofitable.When the holding decreases in a short time, I can sometimes wish that I had sold off certain holdings before. The same holdings that remain in the portfolio at the next future downturn.

Valentine's Day ❤️

Young Master Dewlar and I spent the afternoon in a golf simulator. Unfortunately, Mr. Dewlar had to work.

Since I have higher handicap points than the offspring, I have the luxury of being able to miss both one and two shots and still get more points than junior.

We are both competitive people, which yesterday resulted in occasional bad moods. First from YMD then from me. Despite our mood swings, spending time with the world's most perfect teenager is always magical.

So sad

Although we have had time to buy a larger number of shares in Oxford Lane Capital Corp. Common Stock (OXLC) I am annoyed that due to EU rules we cannot buy more.

As recently as the beginning of the year, I bought 68 shares for my pension insurance at Avanza.

Yesterday, when my husband tried to increase his holding, the share could no longer be bought. Holdings that you have, you can keep, but you cannot buy more, only sell. Since both Nordea and Nordnet already in 2019 turned off the function for the purchase of OXLC, I assume that Avanza, albeit late, discovered that they had not.

I'll never catch up with him

It goes without saying that my husband managed to save an extra amount this month, unlike me. His extra saving resulted in a smaller number of Ares Capital Corporation Common Stock (ARCC), Main Street Capital Corporation Common Stock (MAIN) and Owl Rock Capital Corporation Common Stock (ORCC).

These purchases increased our remaining 2023 dividends by $122. So far, our acquisitions and repositioning in 2023 have improved our chances of making the year our second best dividend year ever.

If it continues at the same pace, we should reach that goal sometime in September or October.

🎼 That don't impress 🎼 me much 🎼

At the same time as Riksbanken presented its policy interest rate statement last week, they also presented their forecast for housing prices up to and including 2026.

According to Riksbanken's forecast, house prices will fall a further 5% during the year to stand still until 2026, which is the end date of the forecast interval.

Riksbanken's forecast for the policy interest rate during the same forecast interval shows a range between -0.39% to +7%. According to Riksbanken, it is 90% likely that the policy interest rate will be within the range until 2026, also the end date of the forecast range.

If you look at the spread in their forecast for the policy interest rate, it becomes painfully clear that Riksbanken has no idea how they will act in the future.

It doesn't really feel as if Riksbanken has managed to tie itself to Sweden's absolute cutting-edge expertise. There is much to be desired there.

It will be a feat in itself if they manage to miss their own forecast with that spread…

Karma is a bi**h

If the world's most perfect child was cranky yesterday, it was like a breeze compared to today when I woke him up at 1pm. It will be a real pleasure to go with him to the golf lesson...

I remember how happy I could be on the phone with my friends and in the same second I hung up and saw my parents completely change my mood. Almost like I was possessed.

Obviously it's payback, junior is doing exactly what I did to my parents 38 years ago. The only difference is that the phone has been replaced by a computer.

Persistence wins

My search for information about NewtekOne, Inc. Common Stock (NEWT) upcoming dividend yielded results.

Looking at the previous announcements, I may have to wait. Notice of the dividend for the month of March has shifted significantly, which can be seen in the summary below.

At best they will announce their dividend next week, at worst I may have to wait a little over another month.

Click to enlarge

Parenthood

We had children very late in life, in fact we became parents last of all our friends, siblings and cousins.

Both my husband and I prefer to spend all our free time together with our son. The world's most perfect teenager, who is 15 years old, is not as interested in family time as we are, he prefers to be with his friends.

Since we ourselves remember how disappointed you were when you were turned down for something you wanted to do as a teenager, we usually try to say yes if it doesn't affect school or golf.

Yesterday we said no to a party today that he wanted to go to because it's at the same time as his golf. For the first time ever, we didn't get a goodnight hug. He was as cross as two sticks.

At such times it is nice that my husband and I are on the same page. We completely agree that we are the parents of our son and not his friends.

When he wakes up, we'll find out if he's still cranky.

Not the time to quit one's day job

It becomes so clear that this is the year's (hopefully) absolute worst dividend month when you look at the transactions so far. I don't take anything for granted anymore.

In the last 6 days we have received ¢90 in dividends for February. Fortunately, there is just under $1,500 left of our dividends for this month by my calculations.

Sadly, one has to suffer through the small dividends in order to appreciate the big ones.

Money as a tool

The fact that I see our dividend as a tool and not money has probably to do with my professional role.

As a CFO, much of one's life revolves around numbers. Even if the numbers are actually money, they rarely become more than just numbers, which in turn become a tool in my professional role.

After all the policy rate increases from Riksbanken, you now get interest on your bank account. This also applies to the account all Swedes have with Skatteverket, which is Sweden's equivalent to the IRS. As the icing on the cake, interest income on the account with Skatteverket is tax-free.

As an example, yesterday my dad called and asked why his tax payment was several tens of thousands of dollars higher this month than before. I informed him that not all of it was a tax payment but that most of the amount was just a cash transfer.

For me, it was obvious that the tool (the money) were in the workplace (the account) where it is most useful.

It was so obvious that I didn't even think to inform my father. For him it was the opposite, it was money.

When power becomes most important

For transparency and my own agenda, I strongly dislike our previous government, the Social Democrats with the support of the Green Party.

The Social Democrats' damage control is still ongoing. So far, no one has been forced to resign.

According to reports, their press secretary Tobias Baudin was already warned in early December 2022 by a member of the party that the organization had been infiltrated by a criminal gang.

The member who reportedly warned Baudin is Ebba Östlin, municipal councilor for the Social Democrats in the municipality concerned. She was voted out of office in January 2023.

If no one is forced to resign, both within the party leadership and the municipality, the Social Democrats are beyond all rescue.

When grief is added with quarrel

In an age of divorce and children from previous marriages, I am grateful that I myself live in a conjugal family. To top it all off, both my husband and I come from a conjugal family. There should be no surprises in future probates.

It's not something I think about in my day-to-day life, but I can feel a sense of gratitude of my situation when I read an article about a total breakdown within a blended family when one party dies.

Money is often the cause of quarrels, especially when there is a lot of it.

Speech is silver silence is golden

Our newly appointed minister of the labor market Johan Pehrson from the Liberals made a statement the other day about a possible full membership in EMU for Sweden.

Unfortunately, Mr. Pehrson must have missed the unwritten rule of not baring your neck when under attack when he expressed concern about the increasingly weak SEK.

During the interview, he acted unprofessionally and pointed out a limit, 15 SEK for 1 EUR, as an indication of introducing the euro. A statement Mr. Pehrson then retracted.

I myself am in favor of the Euro as a currency and voted for a membership in the Swedish referendum in 2003. Back then, 1 EUR costed 5 SEK, compared to today when 1 EUR costs 12 SEK.

Waiting for the SEK to lose even more value against the EUR before a possible transition is, in my opinion, unwise. Assuming there isn't another agenda you want to keep hidden until it's completed.

Time will tell if this is the case or if Johan Pehrson spoke without thinking.

I hope this non-adjustment is enough

Our minor acquisition of Capital Southwest Corporation Common Stock (CSWC) yesterday increased our 2023 dividend by $96.

PennantPark Floating Rate Capital Ltd. Common Stock (PFLT) announced that it is increasing its dividend from $0.095 to $0.1 per share.

I will not adjust my spreadsheet with this increase but let it cover my deviation of 0.9%.

I was right and wrong

For transparency and my own agenda, we are not affected by today's policy rate increase and can handle another 50 basis points without a problem.

My prediction yesterday about the monetary policy statement by Riksbanken, our equivalent of the Federal Reserve, was correct.

However, I was wrong when I wrote in August 2019 that they would have no tools available in the event of future inflation.

They have resorted to the interest rate tool. Unfortunately, they use the tool as carelessly now as then.

The interest rate tool is not given any time to work, they said that they will to continue raise the policy rate throughout 2023 at today's press conference. Exactly as they did in 2019, but in reverse.

Although we are not personally affected by these interest rate increases, I am thinking mainly of all the young new families who have bought houses in recent years.

Even if they factored in future interest rate hikes, I don't think many anticipated how Europe would shut down its nuclear power plants and thereby create a massive inflation.

Someone will be right

Tomorrow, Riksbanken will issue its next monetary policy statement.

"The experts" predicts everything from an increase of 50 interest points to this being the last interest rate increase of the year.

I'm guessing that they raise by 50 interest points, which would mean for us personally that our extra amortizations will soon be over if these increases continues every second month throughout 2023.

Then we end up in an interest rate situation that my husband and I personally considered "healthy" when we signed our mortgage many years ago.

The difference between what we considered a "healthy" interest expense and the actual interest expense at the time became the amount of money that made up our monthly savings for many years.

Little streams make big rivers

Yesterday's dividends were invested in Capital Southwest Corporation Common Stock (CSWC) today.
There were a total of 40 shares.

Since this is by far the most meager month of the year when it comes to dividends, acquisitions will be minimal during February. Fortunately, a tsunami of dividends awaits in March.

Although our repositioning yesterday was successful, I don't think we will be selling off any more holdings in the near future.

But you never know with my husband, before you can say Jack Robinson he has revalued a stock. I'm thankful he hasn't replaced me or the offspring, even though junior is probably safer than me. 😉

January's dividends are complete

A week after the payment date, we finally received our last payout for January.

Unfortunately, our dividends did not reach the forecast for the month. This means that the remaining months of the year will also fail.

The deviation ended up at -5.9% compared to my tolerance of +-5%. Despite this, I have decided not to adjust the values but hope that any special dividends at the end of the year will save the forecast based on the whole of 2023.

Starting at the end of February, I will show a chart where I have not taken into account acquisitions made in 2023 compared to one where I have taken these purchases into consideration.

With all the external factors such as dollar exchange rate, exchange fees, brokerage and DRIP in mind that affect our actual payouts, I am still satisfied.

Click to enlarge

Time will tell

Today the world's most perfect teenager had his first math test of the school term. Unfortunately, he already knows he won't get a 7 on this test.

At best he gets a 6 but I doubt it. If he gets a 5 or lower, I get to lay out the strategy for the next math test.

If, on the other hand, he gets a 6 or higher, he gets continued trust to lay out the plan for the next test. For his sake, I really hope he gets a 6 on this math test.

I will have a result tomorrow

Today we have received money deposited on our endowment insurances with Nordea. Most likely, a large part of the money will come from OCCI's January dividend. As I have previously written, you cannot see transactions on Nordea's accounts until the following day.

It will be interesting to see if the difference between my forecast and the outcome will be within my accepted range of +-5%.

It's been a long time since I've been more hopeful than this. Unfortunately, I know from experience that the history on Nordea's accounts will be updated sometime between 08am and 09am tomorrow. Had the update been at midnight, I would not have gone to bed without completing the January 2023 results.

I spoke to Nordea

We can keep our shares that we are allocated according to DRIP also with Nordea.

To get it, 2 weeks before each ex-dividend date, we have to call Nordea's securities desk and ask them not to sell our upcoming shares. Given that it takes about 40 minutes in a phone queue to get to their securities desk, we probably won't do it.

I got the feeling that they want to complicate the process because they most likely profit from a sale in the form of exchange fees and brokerage. If we remember as the day approaches, we will make the decision to sell or hold the shares.

Because 🎼 I'm happy 🎼

I finally got to check my Google sheet in live conditions. To my absolute delight, the spreadsheet is completely accurate.

The feeling when I added the new acquisitions and removed AT&T was amazing. I am more than satisfied.

If you look very closely, you can see that the column for adjusted calculation is higher than that for original calculation. At best, the dark green column is higher than the light green column on December 31, 2023 when it will hopefully also include special dividends.

Click to enlarge

We have repositioned

Today we sold off our entire holding in AT&T Inc. (T).

Instead, we increased our holdings in ARMOUR Residential REIT, Inc. (ARR), Oaktree Specialty Lending Corporation Common Stock (OCSL), Owl Rock Capital Corporation Common Stock (ORCC) and PennantPark Floating Rate Capital Ltd. Common Stock (PFLT).

This repositioning of our holdings increased our future dividend for 2023 by $348. Combined with the acquisitions made in January 2023 with the dividends for the same month, our estimated dividends have increased by $857 on an annualized basis.

Another factor to take into account

One of our holdings, OFS Credit Company, Inc. Common Stock (OCCI), uses the Dividend ReInvestment Plan (DRIP). This means that you receive shares in the company instead of the dividend amount.

Since we live in Sweden, each bank decides whether we take part in DRIP or whether we are paid in cash.

At Avanza, we are provided with shares and the part of the dividend amount that is not enough for a whole share is paid out in cash. Nordea sells our shares and pays the amount in cash.

If I had to choose, Nordea would do the same as Avanza. We avoid both brokerage and exchange fees, instead the holding is only increased.

However, this will be another variable in my calculated forecast as we have a smaller holding with Avanza. If I reach my goal with +-5%, I will be incredibly satisfied.

SEK vs USD

In mid-September last year, the SEK fell to its lowest value against the USD ever, or at least so far. Then you had to pay 11.1 SEK for 1 USD. Today you pay SEK 10.55, which is almost 5% lower.

The next monetary policy announcement from Riksbanken is on 9 February 2023. I am convinced that they will raise the policy rate, the question is whether they raise it enough to strengthen the krona against the rest of the world.

It is not unusual for the Swedish krona (SEK), which is a small currency, to take a beating when the world economy is destabilized.

Despite the fact that 97% of our savings are placed on Nasdaq, we live and work in Sweden. Having one foot in both camps makes me root for both teams, a real Catch-22 moment.