YOUR PENSIONS
AND YOU HAVE NO IDEA | 17.11.2005 19:42 | Analysis | Workers' Movements | World
PENSION FUNDS IN THE UNITED KINGDOM ARE HEAVILY INVESTED IN HEDGE FUNDS [JUNK BONDS AS THEY USED TO BE KNOWN AS IN THE 1980's
WITHOUT THE KNOWLEDGE OF WORKERS.
THE TRUSTEES GET ADVICE FROM THEIR COLLEAGUES IN THE HEDGE FUND WORLD AND PUT ALL YOUR HARD EARNED MONEY ON THE HORSES TIO SEE IF GOODBOY WILL COME IN FIRST AND MAKE THEM A QUICK PACKET OR LOSE ALL YOUR MONEY AND GO BUST.
SORRY, THAT IS A BIT UNFAIT BECAUSE HEDGE FUNDS ARE NOT QUITE LIKE HORSE RACES, THEY ARE A BIT MORE TURBULENT; THEY CAN GIVE A DIVIDEND, FEE, INTEREST, EXTRA MONEY, GROWETH, CALL IT WHAT YOU WILL, OF A RANGE FROM !%% TO "%.
SO WHAT DO YOU WANT< A BET ON THE HJORSES WITH YOUR FUTURE OR WOULD YOU RATHER BUY YOUR OWN PENSIONS?
THAT IS ON THE GRAPEVINE. OK'D BY THE LEGAL PROFESSION WHO GET A BIT OF YOUR MONEY IN ASDVICE FEE AND THE HEDGE FUND MANAGER WHO ALSO GETS A BIT OF YOUR PENSION.
WITHOUT THE KNOWLEDGE OF WORKERS.
THE TRUSTEES GET ADVICE FROM THEIR COLLEAGUES IN THE HEDGE FUND WORLD AND PUT ALL YOUR HARD EARNED MONEY ON THE HORSES TIO SEE IF GOODBOY WILL COME IN FIRST AND MAKE THEM A QUICK PACKET OR LOSE ALL YOUR MONEY AND GO BUST.
SORRY, THAT IS A BIT UNFAIT BECAUSE HEDGE FUNDS ARE NOT QUITE LIKE HORSE RACES, THEY ARE A BIT MORE TURBULENT; THEY CAN GIVE A DIVIDEND, FEE, INTEREST, EXTRA MONEY, GROWETH, CALL IT WHAT YOU WILL, OF A RANGE FROM !%% TO "%.
SO WHAT DO YOU WANT< A BET ON THE HJORSES WITH YOUR FUTURE OR WOULD YOU RATHER BUY YOUR OWN PENSIONS?
THAT IS ON THE GRAPEVINE. OK'D BY THE LEGAL PROFESSION WHO GET A BIT OF YOUR MONEY IN ASDVICE FEE AND THE HEDGE FUND MANAGER WHO ALSO GETS A BIT OF YOUR PENSION.
AND YOU HAVE NO IDEA
Comments
Hide the following 3 comments
Oh, I see
17.11.2005 21:16
Amused
Not quite
17.11.2005 23:49
Hedge funds are mainly for very rich individuals. Pension companies do not invest in them. They can make you huge sums of money, but the way hedge funds work, you can also end up owing huge sums of money.
However, pensions are invested in ordinary funds. A fund is a collection(portfolio) of stocks. So you may have an ethical fund made up of a slection of ethical compaines. When you buy into a fund your money goes towards purchasing shares in the portfolio. Funds are not risk free, if the stock market collapses the day before you retire you could end up with a pension of £0.00. But you could never end up owing money as with a hedge fund. Ending up with a pension of £0.00 is very unlikely, but it is not impossible to end up with a pension worth less than the money you orginally invested.
Nigel Lawson
Lower case please
18.11.2005 00:10
Herby Spiral