Finally this week is over. There is a lot to say about this week; about my work, the stockmarket, about pensions to secure an income at an old age.
This week I did some work I normally don't do. Then I nose around in other people's financial business.
Most of them are 65 years or older.
I can see the difference between people who didn't do anything about securing their income position when they stopped working.
A lot of the pensionada's who are 70, 80 years old have a relatively small income., while they could have saved a lot more. After the second World War our nation started to save money for pensions. Some people have bigger, not to say huge pensions. They worked mainly for the government.
But to build up an income for retirement wasn't common till the sixties.
The hight what people get as a state pension doesn't depend on other income or not.
So in many cases people get twice as much as other people of the same age, education but differently employed.
One can save money and stock it on a savings account, but that doesn't really pay off. You better invest your money. In the long term it's one of the best ways to make your money grow.
But you got to be lucky to beat the constitutional investors in terms of ratio's.
I think it is unwise for people with a small amount to invest to do it all by themselves. In many cases it turns out to be a good choice but a bad era can destroy people's life.
Institutional investors with an active board and a government who controls them will make no mistakes like private persons do.
This week the stockmarket went very well. The European indices did about 3 % this week. That's not wrong. The highest level of 2004 has been broken. What this means I don't know, which tells you that I got no magical bowl.
