…by following the Vermont Guide to Investing.
Vermont’s pension plans are not paragons of prudent investing; quite the opposite, they show that touch of lunacy found only in a column written by Jack Krugman in the NY Times.
Most investors look for ROI when they place their money in equities or bonds. High grade stocks that pay good dividends are a strong base for any portfolio and pension fund managers look for such investments to provide support to pensions during downturn times.
Political investing is pure idiocy. Money has no politics. It cares not who is in power. Some of these clowns believe they can do damage to a corporation by mass selling of the stocks, driving the prices down. Silly geese. One has to know that for every stock sale there has to be a buyer. If not an individual/corporation, then a brokerage house buys for it’s holdings and sells at a later date.
Using a political agenda as an investment guide, the Progs have lost more in the state’s pensions when they dropped some of the tobacco stocks which hold more than tobacco products, they want to divest themselves of any of the petrochemical stocks too. In what are they going to place the money that has been entrusted to them? Green energy? Not one iota of that can survive without massive subsidies from the government and when functioning, does more damage to the environment than said.To the Eco-freaks, the agenda is all that matters; losing money which isn’t theirs anyway, is fine to advance the goal of being MARXIST GREEN. They’re very accomplished at this.
There is more to this in the next post from Vermont Watchdog.
Filed under: Biased Agendas, Cognitive dissonance, Collectivist Banking | Tagged: Democrats, Economy, Enlightenment, Idiots, Losers, Socialists, State Owned Media, The Low Information Crowd, Vermont, Watermelons |