It's not stupid if it works. Everyone lost money last March. Only the foolish pulled out. Are the fund managers not liable for withdrawing early? They are also getting paid to be financially literate. Even when they are not. The only ones that might win a law suit are the carpenters union in the Alpha 1000 that closed shop. Also, to clar…
It's not stupid if it works. Everyone lost money last March. Only the foolish pulled out. Are the fund managers not liable for withdrawing early? They are also getting paid to be financially literate. Even when they are not. The only ones that might win a law suit are the carpenters union in the Alpha 1000 that closed shop. Also, to clarify, my pension was not invested in this. It is invested in other crap in which it lost and reduced pensions by 25% I dont blame the tools, I blame the carpenter.
But it didn't work, relative to other possible investments. It lost gobs of money. I think this is the Alpha 250, and you'd have been better off burying the money in the backyard from March til November:
Why on Earth shouldn't you blame the "tools"? Bad analogy, I think. Hedge fund managers aren't unwitting risk-taking devices; they're grown men and women who are morally responsible when they make pensioners' money evaporate. Even moreso if they were driven by a keep-earning-fees-or-liquidate strategy rather than investing in pensioners' best interest.
Not that the idiotic/corrupt pension managers don't deserve a shoutout in the headline as well.
Linda said she continued to receive consistent dividends. You are comparing this fund to the 500 top US companies. They made a ton. Everyone else in the world did not. Like the guy below said, invest in VUN. In the end it wasn't the worst investment in the world and the unions would have continued to receive dividend cheques instead of underwriting a massive loss.
Allianz is likely sludge. I just assume that anyone selling financial products is.
Unions are seen as symbols of hope. I think think that makes there conduct at least equally questionable, if not more vomit inducing.
It's not stupid if it works. Everyone lost money last March. Only the foolish pulled out. Are the fund managers not liable for withdrawing early? They are also getting paid to be financially literate. Even when they are not. The only ones that might win a law suit are the carpenters union in the Alpha 1000 that closed shop. Also, to clarify, my pension was not invested in this. It is invested in other crap in which it lost and reduced pensions by 25% I dont blame the tools, I blame the carpenter.
But it didn't work, relative to other possible investments. It lost gobs of money. I think this is the Alpha 250, and you'd have been better off burying the money in the backyard from March til November:
https://markets.ft.com/data/funds/tearsheet/summary?s=lu1645744589:usd
Why on Earth shouldn't you blame the "tools"? Bad analogy, I think. Hedge fund managers aren't unwitting risk-taking devices; they're grown men and women who are morally responsible when they make pensioners' money evaporate. Even moreso if they were driven by a keep-earning-fees-or-liquidate strategy rather than investing in pensioners' best interest.
Not that the idiotic/corrupt pension managers don't deserve a shoutout in the headline as well.
Linda said she continued to receive consistent dividends. You are comparing this fund to the 500 top US companies. They made a ton. Everyone else in the world did not. Like the guy below said, invest in VUN. In the end it wasn't the worst investment in the world and the unions would have continued to receive dividend cheques instead of underwriting a massive loss.
Allianz is likely sludge. I just assume that anyone selling financial products is.
Unions are seen as symbols of hope. I think think that makes there conduct at least equally questionable, if not more vomit inducing.
Agreed on all counts.