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posted to rec.boats
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First recorded activity by BoatBanter: Oct 2009
Posts: 6,596
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Looking out for the wealthiest 2%
On 18/04/2010 10:07 AM, wrote:
On Sun, 18 Apr 2010 11:49:25 -0400,
wrote:
It's best to have available a variety of pensions and pension saving
devices.
Exactly, if you are not diversified, you are vulnerable to all sorts
of things.
Diversification is always good. But in the case of a company pension
plan, it is out of your control. See Enron, they really got stiffed.
So did NorTel and a long list of others.
Get it in you account, in your name so if they go bust, you are not
bust. In my IRA I control diversification and don't end up like GMers
pension that had Carlyle's biggest investment as GM.
--
Time to ask, is our government serving us or are we serving the government?
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