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Brown Cafe UPS Forum
UPS Retirement Topics
Is Central States pension fund ready to go under?
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<blockquote data-quote="tieguy" data-source="post: 233871" data-attributes="member: 1912"><p>Let me give you another spin on this issue. </p><p> </p><p>I have a friend who is a union president at one of the electrical unions I asked him how he chose the investment firms that invested their pension money. They said they were very picky and would try someone out with a small amount to see if they delivered good results. Well thats easy for someone who is faily knowledgable in investing. I can sink some money in a few international funds right now and gain a 20 percent return. The question is can I hold on to that money earned when the market turns sour. So I think when you select someone to invest the money you have to look at more then what that firm can do for you during the markets good years. Enrons 401k plans were heavily vested in enron stock. Good deal with great returns until someone started looking at the books.</p></blockquote><p></p>
[QUOTE="tieguy, post: 233871, member: 1912"] Let me give you another spin on this issue. I have a friend who is a union president at one of the electrical unions I asked him how he chose the investment firms that invested their pension money. They said they were very picky and would try someone out with a small amount to see if they delivered good results. Well thats easy for someone who is faily knowledgable in investing. I can sink some money in a few international funds right now and gain a 20 percent return. The question is can I hold on to that money earned when the market turns sour. So I think when you select someone to invest the money you have to look at more then what that firm can do for you during the markets good years. Enrons 401k plans were heavily vested in enron stock. Good deal with great returns until someone started looking at the books. [/QUOTE]
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Is Central States pension fund ready to go under?
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