04/04/2021
What is going on party people? Another month gone, another paycheck gained, another net worth check is due!
But before I do the usual net worth accounting regime I got a question to ask?
What the fuck is going on with my pension!?
I got the usual annual statement like I always do and for once (god knows why) I just wanted to know what is in it?
Now before I start slating my pension I still maintain and state that a pension is still an incredible financial product for most of the population. The fact that my employer matches what I put in to the pension pot is essentially free money, so don’t take what I’m going to say in the next few paragraphs as a reason to give yourself a pat on the back if you a) haven’t got a pension b) doing nothing about what your future self is going to be and how you are going to fund that person you would like to be when you are “retired”.
Ok so lets login to my pension.
Wow! They are covering my life too that’s so fucking kind of them! Lol
So the money that both me and Tesco are contributing is going into a legal general fund called THE TESCO RETIREMENT SAVINGS PLAN which is a really innovative name don’t you think?
Then I went into transactions and I saw this?
The fuck are all these £5 management charges for and trussssssssssssssssssss me this is a snapshot people, these charges go on forever!!
They taking my money every month and then taking a fiver out of it for what?
It’s like you giving me £100 for no other reason than to hold it and I say “safe let me take a fiver out of that every month”. After ten months you’d ask me “Abhi can I have that £100 back?” and I’ll say nah it’s all been used up by my management fees”.
“But all I did was ask you to hold it, what were you managing?”
“Exactly”
But it gets worse than this guys, coz then I thought with the money I’m putting into my pension what the fuck are they investing it in? Below is what came up:
Initially I was like ok that’s not bad, funds usually consist of stuff like stocks, shares and maybe bonds or whatever, I’ll just have a look at what is in the fund.
So I look up “Tesco growth fund” on google finance……… nothing comes up?
Try the MSN money app again,,,,,, nothing?
This is Legal and Generals ACTUAL FUCKING WEBSITE and I still can’t find it?
I can hear you lot like here we go again , Abhi just getting wound up about nothing, but listen if my pension is worth 51k and I can’t understand why it is worth 51K, how do you expect me to understand and accept it when you tell me “Abhi your pension is worth £0 now”?. (“Management fees get me?”, No I don’t get you, you fucking legal and general representative prick)
The graph below shows that this fund is where all my money will go until I’m at least 45.
Surely I have the right to know what the fuck these spaztics are putting my money into and explain to and why is it so difficult for me to find out?
Wankers probably have me in some triple leveraged short bitcoin bullshit that I don’t want my money going into, what a bunch of pricks.
Okay rant over net worth time:
Debt + Liabilities
£161,455 (Mortgage on the flat)
£30,000 (Dad)
Total = £-191,455
Assets
Positive Assets
Cash = £10,861.46 (Liquid)
Stocks and Share ISA = £59,547 (Liquid)
Gold – £3,812 (Liquid)
Tesco Shares Value -£17,408.54 (Not liquid)
Art = £ 2892
Total = £ 94,032.46
Actual Net Worth = £ -97,422.54 @ 05/03/2021
Actual Net Worth = £ -94,521 @ 04/04/2021
A 2.97% increase which pretty much puts me where I was the month before last. I chucked a load of cash into my ISA to use up my 20K tax free allowance, I’m only 4 grand away from being sub 90k debt!
Exciting
Right Ima see y’all next month maybe before if I got any more shit to talk about.