Quote:
Originally Posted by Barry-xlovecam
Well, private business pensions not publicly managed are risky -- We cover that risk -- We should not.
Most state and municipal pension funds are in tough shape -- better today than in 2008 but that could change rapidly.
You want a guaranty by a vacuum cleaner
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Edited to make it correct.
The reason pensions looked so good in 2008 is because the markets were making $1 look like $2.
You want a guaranty, buy property. Not 100% but better than a vacuum cleaner.
