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submitted 3 months ago* (last edited 3 months ago) by inari@piefed.zip to c/whitepeopletwitter@sh.itjust.works

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[–] teyrnon@sh.itjust.works 2 points 3 months ago (1 children)

Oh yes. Pension funds are the perennial suckers of wall street too.

They should stick to solid non stock investments, the managers of these funds, ivy league douchebags, get paid regardless.

[–] Corkyskog@sh.itjust.works 1 points 3 months ago (1 children)

Isn't that risky if the bond market gets fucked?

[–] teyrnon@sh.itjust.works 1 points 3 months ago

More traditional pension investments are in things like buying timber land that is maturing, or bonds backed by mortgages. Today's bond market idk, treasuries you are losing money to inflation, even corporate bonds are probably just breaking even with real inflation.

But yes, all the stocks and bonds are risky because Wall Street is an out of control monster with no real check on their fuckery.

I would add it's hard to feel too sorry for these pension funds when they invest in private equity and the like. They need radically new leadership at these funds.