10.02.2024

Buying stocks is a type of shopping

Yesterday we acquired a number of shares in Blackstone Secured Lending Fund Common Shares of Beneficial Interest (BXSL). At the time of our acquisition, the share price was $29.32, only to drop a few hours later to $29.17, although the stock recovered, (BXSL) closed lower compared to the opening price. The stock traded at a high of $29.435 compared to the day's low of $29.17. This was one of our bigger acquisitions in recent years as we had saved most of the dividends we received in September combined with the world's most perfect husband's pension payment for the same month.

After Sweden's central bank AKA Riksbanken's recent reduction in the Swedish policy rate, we will be able to save some money for the first time in 2 years instead of just paying mortgage interest. Admittedly not more than $39 but it is significantly more than $0.

Expectations that Riksbanken will make a double reduction at the next publication of the monetary policy decision including the policy rate on November 7, 2025 are higher compared to a single reduction. If it appears in the next publication by SCB The (Swedish) Central Bureau of Statistics on October 15, 2025 that Riksbanken's target of an inflation of 2% is again missed, the pressure from the Swedish market will increase further on a double reduction.

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