Alex Günsberg wrote that, according to him, an equivalent amount to Finland's average pension could be accumulated by investing 1,500 euros in the S&P 500 index for a child at birth if the retirement age were 70 years, or 2,100 euros if it were 65 years. He claimed that through the Ponzi scheme he described, 2.4 billion euros in investment costs and 438 million euros in implementation costs were transferred to interest groups of the state. Günsberg stated the TER for costs was about 1.15% and the TER for the S&P 500 index fund was 0.03%. According to him, savings would accumulate about 3 billion euros per year without changes to current pensions if the state's manipulation were stopped. #eläke #sijoittaminen #talous (translated)