Help me Sweden

[dan D]

Hey.  I'm an English Mustachian  in Sweden and I'm looking for any more Sweden based help and tips.
Much of what we read on MMM is very USA based, the inspiration and entertainment posts are. ...inspirational and entertaining., whilst the tax break, property law and pension advise is a little too niched to be applicable to my situation in Sweden.

Me and my wife already lead a Mustachian lifestyle;
- no car
- vegetarian
- minimal commercial consumerism
- no telly         
- prioritise or children over working mad hours                                     
- I've got a moustache
Etc etc etc
So I thought ' why not do something amazing? '

I'm a carpenter and my wife's a midwife.
We have 2 daughters 4 years and 4 months so neither of us pull in a full time wage at the moment.



I've just opened a 10 year locked account with Folksam insurance which  currently gives us 7% annual  return in 10 years even we can prise it open.

My current thinking is to pile as much in as possible,especially early on.

We are both in our late 30s and I aim to quit work aged 50.

What I'd  like is for any Swedish Mustachian advice or for any Internet based solutions to our plans without awkward international tax l
Can anyone help me?
Point me in another direction?
Pat me on the back?

DD

[henrik]

Hi Dan,

Nice meeting you! I'm apparently one of the few fellow Swedes here :)

Can you give me a link to what Folksam product you're investing in? Is it a kapitalförsäkring? Is that a 7% guaranteed return (if so.. I want in ;)? How much does it cost?

I'm of the opinion that the more complex the product, the more the guys selling it to you make :) Personally, I'd invest my money in cheap index funds in a ISK (Investeringssparkonto) at your favorite bank (Places like Avanza tends to be better/cheaper than the big banks). With ISKs you pay no capital gains taxes (emphasis on gains). What you do pay is a tax on the value of funds, but the rate at which you pay is tied to government interest rates, so they are super low at the moment. If you get a ROI of more than 2-3% it beats the traditional capital gains tax. This is where I sock away my excess cash at the moment.

-henrik

[dan D]

Kapitalförsäkring it is. I can't find a link to it,  but phone them and ask.  Apparently the rate had gone up twice this year and is now 7%.  The guaranteed is lower but has historically been between 4-6.5%......
I've no idea if I'm doing the right thing.  This is just a first step into Mustachian investing as my wife is very careful/scared.

Where in Sweden are you?
I'm in Gothenburg.