↑ US 500 Stock Index Fund is up by $582 or 0.5%
Grand
total additions: $582
↓ Emerging Markets Stock Index Fund is down
by $5,547 or 4.5%
↓ Eurozone Stock Index Fund is down by $1,031
0r 0.9%
↓ Global Small Cap Index is down by $490 or 0.4%
↓ FTSE U.K. All Share Index accumulation is down
by $241 or 1.7%
↓ EUR is down to USD by 1% or $2,087
↓ GBP is down to USD by 1.5% or $217
Grand
total losses: $9,613
Observations:
By law in the Western Europe pension funds
have to provide estimate of the estimated pension based on your contributions.
This gives you understanding how greedy and ineffective the companies are. Mine
estimates pension at 5% annual growth, 2.5% inflation and 1.25% administration
cost. If you invest $5.8K a year for 30 years, your pension is $3.5K a year.
I received a small payrise at work so
with the tax rebate, my annual contribution towards private pension is about
$9K a year.
Fun fact: I have always had a notion that
senior leadership and CEOs are disconnected from their companies. A recent
study on 27 CEO confirmed just that. An average CEO spends 6% of their time
with rank and file employees, 3% on customers and 28% working alone. I can only
guess but the rest of 63% are spent with the investors and external
relationships discussing things the both parties know very little about. 50% of
their time involves working outside of their office.
Surprisingly CEOs do not work as many hours
as we think – 9.7 hours a weekday and 4 hours per weekend day.
On vacation 2 hours a day. This brings
their average 62.5 hours per week, including working while travelling and
travel hours. Average CEO-to-worker pay ratio for 168 companies is 70-to-1,
with some CEOs making 300 times more than average employee. I myself on average worked 52 hours per week
last year.
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