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- This topic has 6 replies, 4 voices, and was last updated 11 years, 2 months ago by Coronita.
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January 8, 2013 at 3:37 PM #20437January 8, 2013 at 3:59 PM #757345SD RealtorParticipant
FLU you should contact calpers and show them how to run a portfolio. I would imagine in that same timeframe you did a bit better.
January 8, 2013 at 4:44 PM #757346CoronitaParticipantWhy would they need to hire me?
Didn’t you guys see the unpublished financial statement that is the one they really use???
They did really well, and beat the S&P 500…
You forgot to include the unlisted Mutual Fund they invested in…Ticker symbol MMPWA…
Total Investment Returns July 2011 – June 2012
———————————————-Investment Returns (every other fund) : 0.14%
Investment Returns from the
Year 20XX Guaranteed CA Taxpayer MMPHA
(Make My Pension Whole Again) Fund* : 15.99%
———————————————-Total Return on “Investment”: 16.13%
*Investment Note: (*) Denotes fund not generally available to the private sector..
———————————————-What? You think I’m kidding???? Laugh now…Cry later…Probably not that far fetched from reality.
Afterall, heads they win…Tails they win and you (taxpayer) lose…January 8, 2013 at 4:47 PM #757347The-ShovelerParticipantI think the S&P was up like 10%, just imagine if it had been a bad year LOL.
Not to worry, just cut more services, increase taxes I am sure we make this whole and not have any inflation.
7.5 % from here to eternity and beyond !!!I am sure they have great management I am sure it was the best team gov planning could put together.
January 8, 2013 at 4:49 PM #757349CoronitaParticipant[quote=The-Shoveler]I think the S&P was up like 10%, just imagine if it had been a bad year LOL.
Not to worry, just cut more services, increase taxes I am sure we make this whole and not have any inflation.
7.5 % from here to eternity and beyond !!![/quote]The S&P 500 “idiot” fund tracked closer to 16% last year. Heck, my kid’s 529 plan did 19.7% after all the ridiculous fees and that was as passive at it got.
January 8, 2013 at 7:11 PM #757357no_such_realityParticipantActually over the same period I think the S&P did a little more than 2%
Keep in mind it’s July 1 to June 30 they track. Not calendar year
Reinforces some statiscal studies that basically showing the stock market gain or loss for the year being a matter of being invested on on a handful of key days
January 8, 2013 at 7:41 PM #757358CoronitaParticipant[quote=no_such_reality]Actually over the same period I think the S&P did a little more than 2%
Keep in mind it’s July 1 to June 30 they track. Not calendar year
Reinforces some statiscal studies that basically showing the stock market gain or loss for the year being a matter of being invested on on a handful of key days[/quote]
you’re right. doh… Not calendar year.
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