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)

Can go either way

Yesterday I bought a small number of shares of Pfizer, Inc. Common Stock (PFE) . The reason we continue to trade shares in (PFE) is that we ...

  • The hunt for ARR continues
    A bullish market makes the hunt more challenging. I (we) aimed for ARR in all our 4 portfolios yesterday but only managed to make purchases ...
  • Marriage duties vs labor service
    He heard but didn't listened when I once again tried to reach him with the golden date, New Year's Eve 2024. He's taken the next...
  • Important day is coming up
    At the end of August this year, the world's most perfect teenager turns 17 on the same day we celebrate our 20th wedding anniversary. Th...