Retirees must invest in equities: State StreetBY MARK SMITH | THURSDAY, 22 NOV 2012 11:35AMNewly retired investors shouldn't underestimate the value of having growth assets in their portfolio, according to State Street Global Advisers (SSgA). Related News |
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Blake Briggs
CHIEF EXECUTIVE OFFICER
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FINANCIAL SERVICES COUNCIL
Since becoming chief executive, Blake Briggs has renewed the Financial Services Council's influence, expanded the membership base, and strengthened its policy and advocacy credentials. Karren Vergara writes.
Ten year comparisons can be found to support just about every view and are meaningless at best and downright misleading at worst.
The fact is that institutions should be prohibited from calling shares "growth" assets as they can , and do , just as well fall in value becoming then "shrunk" assets.
Question: How do you make a small fortune on the stockmarket? Answer: You start with a large one.
How many people have been forced out of retirement and back into the workforce as a result of buying these so called growth assets; the mind boggles.
Perhaps the GFC was just a Hollywood spoof and never really happened.
I think the motto "Once Bitten twice shy" applies until some real changes are forced on the financial sector to eliminate shadow banking HFT and dark pools.