(c)2009 F. Bruce Abel
A good result that shows the value of diversification by having a fixed income balance. Fifth Third barely broke even on its bond portfolio for the same time period in the trust that I follow, largely, I believe, because it invested in Various Bond Funds which had toxic assets such as Fannie and Freddie preferreds, and perhaps had bad derivatives as well.
http://www.theglobeandmail.com/report-on-business/federal-pension-plan-books-227-loss/article1229050/
You will note that the comments and the gist of the article is that the Canadian pension fund managers did not deserve their large pay because the overall portfolio showed a loss of 22.7%. But I dispute that conclusion, as the bond portion did quite well.
Showing posts with label Value of Diversification. Show all posts
Showing posts with label Value of Diversification. Show all posts
Saturday, August 8, 2009
Saturday, December 27, 2008
Monday, December 8, 2008
Please Learn From My Stupidity
No, this isn't me, but how many times in the past has it been me? Never mind.
http://www.fool.com/investing/general/2008/12/06/please-learn-from-my-stupidity.aspx
http://www.fool.com/investing/general/2008/12/06/please-learn-from-my-stupidity.aspx
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