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 I want my part of it NOW!!

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Number of posts : 119
Age : 33
Location : Norway/Sarpsborg
Registration date : 2008-04-28

PostSubject: I want my part of it NOW!!   Fri Jun 13, 2008 9:37 am

Reading at wikipedia


The fund invests in developed financial markets outside Norway. The budgetary rule ("Handlingsregelen") is to spend no more than 4% of the fund each year (assumed to be the normal yield from the fund ). By January 2006, the pension fund had reached a value of USD 200 billion. During the first half of 2007, the pension fund became the largest fund in Europe, with assets totalling about USD 300 billion, equivalent to over USD 62,000 per capita. As such, the Norwegian state has savings equal to 100% of the Norwegian GDP. Norway has the largest capital reserve per capita of any nation (April 2007). Projections indicate that the Norwegian pension fund may become the largest capital fund in the world. It is the second largest state-owned sovereign wealth fund in the world, second only to the sovereign wealth fund of Abu-Dhabi. Conservative estimates tell that the fund may reach USD 800-900 billion by 2017.

I can grab my 62k USD now, and the next 124k USD in 2017. Works fine for me xD
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