6.29.2024

Hello Tax refund, You are very welcome to my account

Our reduced risk-taking comes at the expense of previously higher returns, which resulted in significantly lower dividends compared primarily to 2019, both in dollars and cents and as a percentage. But on the upside, our equity portfolio is now more resilient to general stock market declines.

For example, our holdings held up yesterday when both the Nasdaq and the USD fell and stayed almost at the level they opened at yesterday, the help the portfolio value received yesterday from the dividends was so low compared to the total value that it is incalculable.

In addition, yesterday we also received our foreign tax refund at Nordnet. As a taxpayer in one of the world's most taxed countries, in 2022 Sweden had the eighth highest tax rate of OECD countries, it is incredibly satisfying to get some tax back instead of just paying tax all the time.

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