• 9 Posts
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Joined 3 years ago
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Cake day: August 27th, 2023

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  • Because a lot of pension plans are very disappointing. They for example offer a ‘guaranteed’ minimum intrest of up to 2 % per year, but don’t forget the ‘management costs’ they charge. That’s very very low compared to regular inflation. Pension funds exist to make pension fund managers, traders and banks rich (now, not later) and so that the government can point at them and say “it was your own responsibility!” instead of offering ALL weak and old people enough to cover basic needs. And that’s to “motivate” as many people as possible to work as much as possible. If relatively young right now: you’re probably better off putting money away in time deposits with higher guaranteed intrest than putting it in pension funds. Or ETF/random stock picking for those who feel lucky. The state subsidies to choose pension fund instead of time deposit or direct market investments is in many cases also misleading: you get tax cuts when depositing into the pension funds, but you get taxed when you get paid out at pension age. All differs a lot in different countries, but the core of it is pretty similar all over I think.


  • New records are ridiculously priced! There are jewels hidden in thrift store bins or in some of the more “messy” looking record stores for very reasonable prices. Digging through the pictures and the names you may or may not know, to select albums based on their title and cover: there’s an incredible charm to that. I visit a lot of record stores, the ones that look too neatly organised and every single record is in a sealed shrink wrap, are the ones I leave rather quickly. I want my record store to look and feel like an old attic :)