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Brown Cafe UPS Forum
UPS Retirement Topics
Dreaded Pension Funding Level Letter
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<blockquote data-quote="TechGrrl" data-source="post: 727485" data-attributes="member: 4932"><p>Dude, weren't you paying attention when the market dropped to around 6800 from it's high of 14,000? NO ONE was going to beat that, no matter how they moved money around.....unless you want to play with Bernie Madoff and his ilk. Notice that the Fed is like paying zero percent interest on CD's, so if you were prescient enough to sell all your stocks at 14,000, there was effectively NO APPRECIATION on all that cash while it was sitting around waiting for the market to bottom, and then start back up again....and market timing is not a winning strategy for anyone....</p><p>Note also that pension funds hold SO MUCH STOCK that when they sell, they move the market. So they can't just dump it all without really setting off a plunge all by themselves.</p></blockquote><p></p>
[QUOTE="TechGrrl, post: 727485, member: 4932"] Dude, weren't you paying attention when the market dropped to around 6800 from it's high of 14,000? NO ONE was going to beat that, no matter how they moved money around.....unless you want to play with Bernie Madoff and his ilk. Notice that the Fed is like paying zero percent interest on CD's, so if you were prescient enough to sell all your stocks at 14,000, there was effectively NO APPRECIATION on all that cash while it was sitting around waiting for the market to bottom, and then start back up again....and market timing is not a winning strategy for anyone.... Note also that pension funds hold SO MUCH STOCK that when they sell, they move the market. So they can't just dump it all without really setting off a plunge all by themselves. [/QUOTE]
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Dreaded Pension Funding Level Letter
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