12.31.2024

Involuntary savings

Today we acquired a number of shares in Realty Income Corporation Common Stock (O) in our joint endowment insurance we have with Nordnet AB, which is a Nordic digital platform for savings and investments. The moment the world's most perfect husband pressed the buy button and the acquisition was completed, both my husband and I had a feeling that something was wrong.

About approximately 30 seconds the penny dropped, today the endowment insurance is subject to the yield tax. There was nothing left to do but top up the endowment insurance using Venmo to avoid a deficit.

AI generated image with Grok

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