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