↑ 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
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.