3.21.2023

They never waive their fee

Being a pension saver in Alecta must be frustrating at present. Today the company announced that it is selling its holding in the crisis-stricken bank First Republic Bank (FRC.PRH) at a loss of just over $0.62 billion. Alecta was the 5th largest shareholder in the bank.

I wonder how many more bad investments the company can handle before they have to admit that future pension payments will be significantly negatively affected.

Even if Alecta is doing badly, they continue to charge their fee.


-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Mission impossible, for real

I will go out on a limb and guess that one of the reasons why Mr. Elon Musk chose to agree to this crazy deal with Tesla is actually a sub-g...

  • Say what lasts forever
    I hoped that even today I could wake up to notifications that money had been entered into my account. But no. I'd rather sleep like Scro...
  • Double-edged sword
    The dollar is very strong compared to the Swedish krona. The strong US dollar both worries and affects me. The strong dollar worries me abou...
  • The world's worst secret
    The people, exclusively mothers, that I have talked to about the sadness of the world's most perfect teenager prioritizing friends over ...