Posts
Moving Targets
Investors expect their conservative target-date funds to protect their assets as they approach retirement.
Investors expect their conservative target-date funds to protect their assets?
So with 2010 funds—the first group of target-date funds—approaching their end dates, it's surprising to learn how poorly these funds performed in 2008. Losses at the four largest 2010 funds in 2008 through mid-December ranged from 23% to 33%.
It's surprising to learn how poorly these funds performed?
For workers expecting to retire soon, though, target-date funds haven't met Congressional expectations.
Haven't met Congressional expectations?
"An investor looking at a target-date fund for wealth preservation may have been disappointed," says Michael Herbst, an analyst at Morningstar.
May have been disappointed? May have?
What? You question my work ethic? Look, this is top-notch sarcasm. I did more than simply regurgitate quotes and add a question mark. Monkeys could not have done what I did. They would have no doubt picked different parts of the article to single out. Go ahead. Tell your supposedly trained monkeys to pick a sentence, any sentence. I dare you.
Despite the recent carnage, target-date funds are standing fast.
Damn those monkeys!
Contrary to popular opinion, I offered some serious sarcasm here. Please believe me. I wish you could have seen it in person. My eyes were rolling all over the place. Once the funds didn't meet Congressional expectations, it was all I could do to just keep them in their sockets.
Hotels: Occupancy Rate Increased 1.9% Year-over-year
-
From STR: U.S. hotel results for week ending 2 November
The U.S. hotel industry reported positive year-over-year comparisons,
according to CoStar’s latest ...
3 hours ago
2 comments:
Stag,
The other day, I was watching the financial propaganda network, CNBC. The ever cheery Erin Burnett started spewing some of her eternal optimism (aka propaganda).
Warning! Don forehead protector before reading further.
After acknowledging that the Dow was down about 10% ytd, Erin pointed out that it wasn't all bad news. She enlightened the audience that Sprint was up 40% ytd! She was dead pan serious too. No sarcasm whatsoever. Sprint sure sounded like a money maker.
Here's a few details Erin left out of her story:
http://finance.yahoo.com/echarts?s=S#symbol=S;range=my
Two thoughts:
Sarcasm on: Averaging down is a great strategy that allows you to profit from your losses.
Sarcasm off: I'll take a monkey over a financial "expert" any day.
mab,
$2.53? That's the good news?
"Sprint" you to the bottom!
A few days ago one of the commentators asked a guest why the market was holding up so well in spite of all the recent bad economic news.
The guest pointed out that January's stock market was the worst on record, which was fairly impressive given how bad 2008 was.
You've just got to laugh, and cry, and then cry some more, perhaps with a bit more laughter. If you are like me, that is.
Post a Comment