The Canada Pension Plan (CPP) has over 2,000 employees.
Top 5 managers, make more than $5 million per year.
They have never beaten the market.
Nevada has 1 guy. Who invests in ETFs.
Does nothing. All day.
And he outperforms the CPP.
Consistently.
For further context, if CPP invested in QQQ, for the last 10 years, instead of $800 billion in assets, we would have $2.4 Trillion.
VOO would put it at $1.6 trillion.
Lesson: The government will never outperform the market.
So don’t think the Sovereign Debt Fund will be any different.
@miss_tanyac@CoryBMorgan Let’s focus on eliminating future liabilities like federal deficits that have nothing to show for. It’s not separation, it’s to stop federal overreach
@mark_slapinski He feels sorry for our state of affairs. He knows liberals will only make it worse. He knows it our only chance to salvage and stabilize this country.
If you had purchased $1,000 of shares in Delta Airlines eight years ago, you would have $49.00 today.
If you had purchased $1,000 of shares in AIG insurance seven years ago, you would have $33.00 today.
If you had purchased $1,000 of shares in Lehman Brothers eleven years ago, you would have nothing today.
If you had purchased $1,000 of shares in Northern Rock nine years ago, you would have nothing today
But, if you had purchased $1,000 worth of beer one year ago at Tesco's, drunk all the beer, then taken the aluminum cans to the scrap metal dealer, you would have received $214.00.
Based on the above, the best current investment plan is to drink heavily & recycle.
A recent study found that the average person walks about 900 miles a year.
Another study found that we drink, on average, 22 gallons of alcohol a year.
That means that, on average, we get about 41 miles to the gallon!
Makes you proud to be a piss head.🍻😂