9.19.2023

I root for the Swedish krona

Yesterday we received two special dividends paid out on our endowment insurances with Nordea.

They were Blue Owl Capital Corporation Common Stock (OBDC) and Golub Capital BDC, Inc. Common Stock (GBDC). OBDC made a special dividend of ¢7 and GBDC made a special dividend of ¢4. Although it may seem like small change, all contributions are most welcome.

Given that the Swedish krona loses value every day, the Swedish spending power is significantly weakened. Personally, we are extremely grateful to have all our holdings in the North American market.

All other assets we have are dropping like a stone in value compared to the rest of the world thanks to the Swedish krona's inability to protect its value on the world currency market.

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