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Personal Finance and Investing

Turbineguy

(39,060 posts)

3. When my Union's pension fund was established in the late 1960's

Reply to question everything (Original post)

Sat Jul 13, 2024, 04:18 PM

Jul 2024

The Fund was spread across 5 investment firms. At the end of every year the investment firm performance was compared and the best performer got more of the share and the least performer got less. It worked very well and the Union members ended up with a nice fat Fund.

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IbogaProject kcoates

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Highlight:

A Couple Won the Powerball. Investing It Turned Into Tragedy. - WSJ [View all] question everything Jul 2024 OP

another source without the paywall BlueWaveNeverEnd Jul 2024 #1

Thanks question everything Jul 2024 #2

When my Union's pension fund was established in the late 1960's Turbineguy Jul 2024 #3

The financial advisor killed himself. Mosby Jul 2024 #4

Yes. It's a damn shame that they hit the jackpot, and then some idiot (the one who killed himself) ripped it all off. SWBTATTReg Jul 2024 #5

FACEPALM! Happy Hoosier Jul 2024 #6

Not that simple. They wanted to set a not profit tax exempt fund to study a rare disease. question everything Jul 2024 #7

So, hire a lawyer to create a non-profit.... Happy Hoosier Jul 2024 #8