Norway is good example how to manage wealth - page 3.

Yatsan

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Quote from: BigProfitSignals on August 01, 2024, 03:36:32 AM

Countries can learn a lot from Norway.
And anyone can see that noreway leaders are smart and really have financial knowledge and with wall street mindset.
Norway's Government Pension Fund Global (GPFG) was set up to ensure the sustainable use of revenues from the oil and gas sector. All surplus revenue from oil production in the country is transferred to the Fund, and invested in equities, fixed income, real estate, and renewable energy infrastructure.
It's a power of Community and collected Capital to make each share holder of this beneficial.

Another countries should make also the funds and get the people to manage wealth of others who knows how to make money from money to manage wealth of the people.

This is definitely what happen when a nation treats it's natural resources and other resources as property of the people. Very smart strategic thinking and citizen of Norway should be proud that they has successful governments that allow the different programs to continue. Hopefully other countries also adopt they tactics or atleast be more considerable about they land.

Dunno if anyone here already sent it but you can track the value of the fund live on their website --> https://www.nbim.no/no/

Quote from: Peanutswar on August 01, 2024, 10:59:09 AM

Quote from: Zlantann on August 01, 2024, 10:13:27 AM

~In my country, pensioners have to wait for many years before they get gratuity after retirement. Pensions are paid irregularly which brings untold hardship to these senior citizens. It is common to see protests organized by pensioners, and in some cases, they die protesting. It is good to know that there is a place where pensioners are given priority.

Here in my country, there's a lot of documents needed to provide before you are eligible to receive that pension even though you really work hard just to pay those monthly deductions in your salary.

I also lived in a country where you need a lot of documents and certain ages before you use your own pension and such. Some already died before they even use it, some can even use it to scam (a marriage related thing)

philipma1957

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Quote from: BigProfitSignals on August 01, 2024, 03:36:32 AM

Countries can learn a lot from Norway.
And anyone can see that noreway leaders are smart and really have financial knowledge and with wall street mindset.
Norway's Government Pension Fund Global (GPFG) was set up to ensure the sustainable use of revenues from the oil and gas sector. All surplus revenue from oil production in the country is transferred to the Fund, and invested in equities, fixed income, real estate, and renewable energy infrastructure.
It's a power of Community and collected Capital to make each share holder of this beneficial.

Another countries should make also the funds and get the people to manage wealth of others who knows how to make money from money to manage wealth of the people.

I had a Norwegian born grandmother she was born in 1899 and died in 1987. She came to the USA in 1906. A fine person I miss her. I would love to visit Oslo here birth town. Nice post I gave you a merit.

K8 Crypto

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Norway's basically nailed the whole "what to do with a ton of cash" thing. They struck oil and instead of blowing it all, they're like "Let's save this for a rainy day." Smart cookies, right? They've got this massive piggy bank that's funding cool stuff for their people while still growing. It's like they won the lottery but decided to invest wisely instead of buying a fleet of yachts. Other countries could definitely take a page out of Norway's book when it comes to not messing up a good thing.

crwth

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I have always heard great things about Norway, which seems like a great place. I remember it being on top of the Charts. People are happy and have made a lot of progress in terms of economics. Reading everything posted here makes it seem like a great place, and I hope every country can follow suit.

STT

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Norway does have a good use of green energy and infrastructure as I understand it. The money came from oil and it was dangerous to expect that to last but very rarely seen good actions by a government, they resisted the temptation to spend this one off money. Its really a small sized population but very large coast line, sharing North Sea oil with the UK.

They actually did a good job of encouraging the search for oil and extraction by funding the drilling instead of immediately taxing or seeing higher costs met by companies alone. I think this is a large part of why Norway has so much oil actively available when it could have taken decades to develop that resource.

Smartvirus

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It’s an interesting idea from which, I agree with you that most countries can learn from but, that wouldn’t be for the country that is focused on exporting its crude only to buy it back as finished products right? Because, you barely get nothing of that and most times, you end up paying even more coupled with corrupt leaders chattering away whatever that could have come off it.

Quote from: kryptqnick on August 01, 2024, 09:12:35 AM

it's also important to note that oil and gas are those resources from which the world must turn away to tackle climate change.

This point makes it necessary to emphasize on the part where OP said, it’s invested in other renewable energy sources. It points to a part that could as well show how they are preparing for a time where they would cut down on crude and crude products for energy.

Spaceman1000$

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Quote from: BigProfitSignals on August 01, 2024, 03:36:32 AM

Countries can learn a lot from Norway.
And anyone can see that noreway leaders are smart and really have financial knowledge and with wall street mindset.
Norway's Government Pension Fund Global (GPFG) was set up to ensure the sustainable use of revenues from the oil and gas sector. All surplus revenue from oil production in the country is transferred to the Fund, and invested in equities, fixed income, real estate, and renewable energy infrastructure.
It's a power of Community and collected Capital to make each share holder of this beneficial.

Another countries should make also the funds and get the people to manage wealth of others who knows how to make money from money to manage wealth of the people.

No matter how meager the state resources is, once it's properly managed, the people will definitely benefit from it. What Norway has done is to show leadership on economic management of state resource. a lot of countries in the world today that have oil and gas are still struggling on how to show sustainability and benefit of their resources to their citizens due to lack of vision. Once you're idealistic enough to invest in energy, infrastructure and equity, then you're on the right track as a nation, because these are some of the things that investors see before investing in your country, so I'm happy with the Norwegian leaders for coming up with some of these economic blue prints to help build a sustainable financial economy for their citizens.

el kaka22

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Well, a lot of nations "try" to do that, but they do not have the income for it to be fair. Plus, Norway has huge income compared to size of of the nation as well, if you look at other nations and their population size and their income, you will realize that not many nations will be able to do the same.

This is why I think it's quite normal that we are going to end up with something that will take a while, it is not going to be that simple at all. We should all be realizing what we are talking about something that will take a lot of money. Like for example take Nigeria, I am going to be objective about them because I am not from there and never been there, look at their population and look at their resources and income, how are they suppose to do what Norway is doing? Would be quite difficult, even impossible.

El Salvador is trying to do the same, putting in of course small amount, but if btc price goes up then they will be making a good amount of money from that. So, everyone is doing it for their own price of course, but not all have that same income and that is why it is going to be quite tough situation and would not be all that ok for them, will take a while for them to get any better.

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Quote from: BigProfitSignals on August 01, 2024, 03:36:32 AM

Another countries should make also the funds and get the people to manage wealth of others who knows how to make money from money to manage wealth of the people.

This is great for the Norwegian government, I just browsed about it and saw the big picture of it, what the citizens stand to benefit from this. This is a very big investment in most of the big companies we have today and been a shareholder of those companies no matter how small just makes me imagine the future benefits that can be derived from them. At least owning even 1% of about 100 of those top companies in the world today is something big for the country and will help improve the standard of living and enhance the economy of the country to its best in future time to come. They will greatly benefit from it from now and their future generations will also get to enjoy from this huge decision by the government. I’m so proud of the Norwegian government and I wish some other countries that are battling with crashing economies can learn from them.

avikz

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Quote from: BigProfitSignals on August 01, 2024, 03:36:32 AM

Countries can learn a lot from Norway.
And anyone can see that noreway leaders are smart and really have financial knowledge and with wall street mindset.
Norway's Government Pension Fund Global (GPFG) was set up to ensure the sustainable use of revenues from the oil and gas sector. All surplus revenue from oil production in the country is transferred to the Fund, and invested in equities, fixed income, real estate, and renewable energy infrastructure.
It's a power of Community and collected Capital to make each share holder of this beneficial.

Another countries should make also the funds and get the people to manage wealth of others who knows how to make money from money to manage wealth of the people.

The main reason why Norway is able to do this seamlessly, is that their corruption rate is extremely low. The government is extremely people friendly and they believe in the welfare of their people. Even more, Norway is one of the topmost oil exporting country in the world and at the same time, they themselves ride electric vehicle. Data shows that 82% of the new vehicle sales of 2023 in Norway, is electric.

Rest of the world, especially African countries need to learn from this. African continent holds the most number of natural resources. Only if the corruption can be lowered, African countries will become the richest in the world.

pooya87

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It's not exactly correct to make such a comparison like this though. Small countries with a small population usually have it a lot easier, specially if they had natural resources over the past 3 years and could sell it at much higher prices and make a ton of profit.

Just look at teeny tiny countries around the southern shores of The Persian Gulf and you realize what I'm talking about.

Peanutswar

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It seems they have a great country we know when it comes first because of the government even though the people keep doing that hard work here the government is corrupt nothing will happen with the country and it feels sad we are one of those who experience poor quality of service in the government, poor literacy of the people so just a small percentage of people who are financially free and live like they can as their own without the help of others. Hoping that we will experience this kind of service in our country.

Quote from: Zlantann on August 01, 2024, 10:13:27 AM

~In my country, pensioners have to wait for many years before they get gratuity after retirement. Pensions are paid irregularly which brings untold hardship to these senior citizens. It is common to see protests organized by pensioners, and in some cases, they die protesting. It is good to know that there is a place where pensioners are given priority.

Here in my country, there's a lot of documents needed to provide before you are eligible to receive that pension even though you really work hard just to pay those monthly deductions in your salary.

Zlantann

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Quote from: BigProfitSignals on August 01, 2024, 03:36:32 AM

Another countries should make also the funds and get the people to manage wealth of others who knows how to make money from money to manage wealth of the people.

Norway has one of the lowest rates of corruption in government. The country is ranked fourth less corrupt country out of 180 nations, which shows that it has one of the least corrupt public sectors in the world. When corruption is limited, funds can be used effectively and efficiently. Governments of other nations should learn how to use limited resources in a manner that will touch the lives of common men.

Norway is popular for having one of the best and cheapest educational systems globally. The government takes the education sector of the country seriously, and teachers are well paid and schools well equipped. The most painful part of this issue is that most developing nations that have the lowest standard of living might be earning more than Norway. But most of the revenue of these nations ends up in the pockets of corrupt politicians.

Quote from: kryptqnick on August 01, 2024, 09:12:35 AM

I am happy that the profits from Norway's natural resources lead to supporting pensioners. It's a nice system, but it's also important to note that oil and gas are those resources from which the world must turn away to tackle climate change. And making pensions rely on such resources can lead to serious issues in the near future: it will make it difficult to stop relying on oil within the economy because it supports pensions. Fun fact is that Norway doesn't need gas for electricity, as 98% of their power supply comes from hydroelectric power plants.

In my country, pensioners have to wait for many years before they get gratuity after retirement. Pensions are paid irregularly which brings untold hardship to these senior citizens. It is common to see protests organized by pensioners, and in some cases, they die protesting. It is good to know that there is a place where pensioners are given priority.

HajiBagi

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Quote from: Davidvictorson on August 01, 2024, 06:04:37 AM

Quote from: BigProfitSignals on August 01, 2024, 03:36:32 AM

Another countries should make also the funds and get the people to manage wealth of others who knows how to make money from money to manage wealth of the people.

Norway is an interesting case study. They don't have that much going on but what they do have going on. Their leaderships have manage it superbly and they always their people first compared to many countries who either spend lavishly or all lost due to corruption. However, I'm a bit surprised they didn't lower their tax rate gradually since it's so high. Despite this, I would say that Norway won the oil lottery. I wish my country, Nigeria will learn a lesson here. Our politicians are so corrupt that even the oil revenue put into government treasuries is stolen by government officials. That leads to the underdevelopment as you rightly mentioned in your video.

I believe that some countries can do better like Norway but minus one country and that is my country which is Nigeria, Nigerian can never be like the other countries because everything in Nigeria is getting worse every day, we don’t have good leaders and that is why Nigeria can never be like another countries, we all know that every country have the way of ruling and how to make things right that both the leaders and the citizens will enjoy it but Nigeria leaders don’t have the knowledge of doing that and they keep calling themselves a leaders, leaders that don’t know how to control the country.

I don’t think at this particular moment we should compare Nigeria to any country because doing that will look like embarrassing another country, Noway leaders rule to develop their country while the Nigeria leaders rule for their self-interest, every citizen in Nigeria is crying because of the high price of food, oil and others resources that are being produced in Nigeria, imagine a country where the price of what they produce is high how can the country develop? So in a process where calling another country, Nigeria should not be mentioned because everyone knows that Nigeria is a corrupt country.

kryptqnick

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I am happy that the profits from Norway's natural resources lead to supporting pensioners. It's a nice system, but it's also important to note that oil and gas are those resources from which the world must turn away to tackle climate change. And making pensions rely on such resources can lead to serious issues in the near future: it will make it difficult to stop relying on oil within the economy because it supports pensions. Fun fact is that Norway doesn't need gas for electricity, as 98% of their power supply comes from hydroelectric power plants.

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Quote from: BigProfitSignals on August 01, 2024, 03:36:32 AM

Another countries should make also the funds and get the people to manage wealth of others who knows how to make money from money to manage wealth of the people.

Norway is an interesting case study. They don't have that much going on but what they do have going on. Their leaderships have manage it superbly and they always their people first compared to many countries who either spend lavishly or all lost due to corruption. However, I'm a bit surprised they didn't lower their tax rate gradually since it's so high. Despite this, I would say that Norway won the oil lottery. I wish my country, Nigeria will learn a lesson here. Our politicians are so corrupt that even the oil revenue put into government treasuries is stolen by government officials. That leads to the underdevelopment as you rightly mentioned in your video.

BigProfitSignals

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Countries can learn a lot from Norway.
And anyone can see that noreway leaders are smart and really have financial knowledge and with wall street mindset.
Norway's Government Pension Fund Global (GPFG) was set up to ensure the sustainable use of revenues from the oil and gas sector. All surplus revenue from oil production in the country is transferred to the Fund, and invested in equities, fixed income, real estate, and renewable energy infrastructure.
It's a power of Community and collected Capital to make each share holder of this beneficial.

Another countries should make also the funds and get the people to manage wealth of others who knows how to make money from money to manage wealth of the people.

Topic: Norway is good example how to manage wealth - page 3. (Read 673 times)