Here's a scary thought - for those that think it can't get any worse.
Methinks Wal-Mart is the key current investment for the future. They will have an unlimited supply of aged pensionless greeters, cashiers and other "associates" with medicare - no complaints about health benefits.
Bloomberg.com: InvestAug. 14 (Bloomberg) -- Public pension funds in the U.S. are increasing bets on high-risk hedge funds and real estate in an attempt to fill deficits in retirement plans and make up for their worst performance in six years.
New York Comptroller Thomas DiNapoli is asking lawmakers to increase a cap limiting the amount of so- called alternative investments in the state's Common Retirement Fund, the third-biggest U.S. public pension at $153.9 billion. South Carolina's retirement system adopted a plan in February to invest as much as 45 percent of its $29 billion in hedge funds, private equity, real estate and other alternatives, from nothing 18 months ago.
Methinks Wal-Mart is the key current investment for the future. They will have an unlimited supply of aged pensionless greeters, cashiers and other "associates" with medicare - no complaints about health benefits.