We’ve put the absolute most focus on our private investments over the years, which has come at the expense of properly reviewing our work pensions.

Now that our private portfolio is more up to date, we’ve finally started looking at these as well. We’ve been dealing with them in order of size and maturity, leaving me with just one small remaining policy — just over 90,000 SEK.

Today I logged in to review the holdings and possibly make some changes. Instead, I found myself staring at something completely unexpected.

Apparently, in 1995, at the tender age of 25, I took out a traditional pension insurance with SEB Trygg Liv. I managed to pay in just over 30,000 SEK before I wised up and switched to a different solution less than three years later.

That 30,000 SEK has now, after 30 years, grown by roughly 200%.

A banker at SEB tried to tell me that SEB Trygg Liv has delivered “over 10% return since 2015.” Given that the Swedish stock market has done around 11% per year in the same period, I found that statement… optimistic. But I chose not to argue with her. An individual banker shouldn’t have to take the blame for my 25-year-old self’s terrible financial decisions.

This whole episode just confirms my long-standing thesis:

No one will ever care about your money as much as you do. — Liza Dewlar

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This is a new post on the new dewlar.me blog.
You can find the old blog here:https://mrsdewlar.blogspot.com

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