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)

The bookworm vs the troublemaker, who will be the winner in the future?

My prediction below about AI requires a rough generalization of two different personalities, bookworms and troublemakers. One area that all ...

  • 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 ...
  • I don't get it
    For some reason that I absolutely cannot understand, the Swedish krona continues to strengthen compared to the US dollar. As a Swede, I am o...
  • It's always more fun to trade shares than to pay interest
    We have chosen to have a variable interest rate on our mortgage. This interest rate is renegotiated every three months based on how the Cent...