New Times

Our dividend growth will not increase at the same rate as in previous years as we no longer contribute any external savings, but all acquisitions come solely from reinvesting dividends. The previous monthly savings of $1,200 is currently going towards the increased interest costs of our mortgage.

As long as the dividends exceed both capital tax and interest costs, we will not sell off our holdings to pay off the mortgage. In Sweden, we can make deductions for interest costs, which means that we can get a 30% reduction in our income tax. This year we will get back $4,260 which relates to last year's income year. Due to all the interest rate increases during the current year, we will receive a significantly larger tax refund next year.

Rumor has it that the policy interest rate will drop in 2024.