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)

It gets harder before it gets easier

I sincerely hope that the world's most perfect teenager passed his Spanish test yesterday and gets the first diploma of his life. Hopef...

  • Money for nothing
    The best month of the year is finally here, January. Not only due to my birthday, more importantly the largest dividends of the year. Ja...
  • 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...
  • Veni vidi vici
    In my eagerness to buy securities to update my new Google Sheet, I almost bought the wrong securities. Fortunately, the purchase did not go ...