C chapabranca Apr 8, 2004 #12 Quote from waggie945: Many pension funds are underfunded to the point that the company comes out and sells stock ( like IBM ). Arnott makes the observation that 8.5% to 9% expected returns is fantasy, in most cases. And your point is??? More... and your point waggie?
Quote from waggie945: Many pension funds are underfunded to the point that the company comes out and sells stock ( like IBM ). Arnott makes the observation that 8.5% to 9% expected returns is fantasy, in most cases. And your point is??? More... and your point waggie?
C Cheese Apr 8, 2004 #14 The point is already stated. Do not have a defined benefits fund. Fund members should only get what the fund produces!
The point is already stated. Do not have a defined benefits fund. Fund members should only get what the fund produces!
W waggie945 Apr 8, 2004 #15 If you can't figure out the above statement then you really are "worthless".
W waggie945 Apr 8, 2004 #17 The reality of today's world is that corporate America expects and promises pension fund returns that they can't make. Thus, Robert Arnott's claim that the earnings on the S&P are overstated by 15-20% appears to be a very significant point. Duh.
The reality of today's world is that corporate America expects and promises pension fund returns that they can't make. Thus, Robert Arnott's claim that the earnings on the S&P are overstated by 15-20% appears to be a very significant point. Duh.
