• Bonus chapter: Are index funds threatening the health of the world’s securities markets?
    Bonus chapter: Are index funds threatening the health of the world’s securities markets?
    Tõnu Pekk 17. May 2017

    * This article is for those people with a deeper appreciation for securities market theory. If you would simply like to decide which pension fund is suitable for you, you can jump directly to the end. Suitable background music for reading is available here. Today’s Luddites are not textile workers, but rather white-collar investment bankers,…

  • Tõnu’s journal for the first year
    Tõnu’s journal for the first year
    Tõnu Pekk 26. April 2017

    A little more than a year ago, on the 12 April 2016, 22 people each contributed EUR 150 and, in the presence of a notary, signed memorandums of association for Tuleva Tulundusühistu. One month ago, we started up Estonia’s most affordable second pillar pension funds. The time has come to write down the most important…

  • Chapter Four: Are index funds riskier than managed funds? Part II
    Chapter Four: Are index funds riskier than managed funds? Part II
    Tõnu Pekk 5. March 2017

    Part II: What is a risk and why market fluctuations are not the pension savers’ enemy? In Part I of the Chapter, we discussed real-life scenarios which show that, in one way or another, investment is risky, as is life. Even the most brilliant analyst can only hope that his predictions will come true. This…

  • Chapter Four: Are index funds riskier than managed funds
    Chapter Four: Are index funds riskier than managed funds
    Tõnu Pekk 18. December 2016

    Part I: Practice I will answer the question raised in the title in Part II of this Chapter. In Part II, we will also discuss theory. But let me first sketch out three pension-related scenes from real life. The first story is bit ahead of its time, but as topical as the second and third….

  • Chapter Three: Why the net asset value of a pension fund unit does not reflect your yield
    Chapter Three: Why the net asset value of a pension fund unit does not reflect your yield
    Tõnu Pekk 28. October 2016

    Does LHV’s pension fund really beat the index? Lies, damn lies and statistics, they say. Did you know that the first known written source of the saying actually concerned pensions? June 1891, UK daily The National Observer: July 2016, Estonia, LHV financial portal: LHV’s Joel Kukemelk informed customersthat LHV’s pension fund L has succeeded in…

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