Day by Day

lo

The Millennials

The current crop of indoctrinated Millennials would have a hard time fathoming this answer to this simple question. With no economic or business sense, any idea of how money works and how it circulates.

Here is an example of the thinking which is being drummed into the heads of the “kids” who are being processed through our educational system currently, and for the last 10 years, at least. This short tale helps put the difference into perspective between the socialist mindset and that of a person who lives as a capitalist.

I replied I am not sure, it fed a lot of families in Bowling Green, Kentucky who built it, it fed the people who make the tires, it fed the people who made the components that went into it, it fed the people in the copper mine who mined the copper for the wires, it fed people in Decatur IL, at Caterpillar who make the trucks that haul the copper ore. It fed the trucking people who hauled it from the plant to the dealer and fed the people working at the dealership and their families.

BUT … I have to admit, I guess I really don’t know how many people it fed.

That is the difference between capitalism and welfare mentality. When you buy something, you put money in people’s pockets, and give them dignity for their skills. When you give someone something for nothing, you rob them of their dignity and self worth.

Capitalism is freely giving your money in exchange for something of value. Socialism is taking your money against your will and shoving something down your throat that you never asked for.

I’ve decided I can’t be politically correct anymore ….

Actually, I never was.

Day by Day

lo

Historical happenings

2/21/1916Battle of Verdun in WW I begins (1 million casualties)

2/21/1953 ~ Francis Crick and James Watson discover structure of DNA-molecule

Watermelon Investing

“Management fees would increase under each of these three divestment scenarios because VPIC commingled funds, where the bulk of VPIC’s fossil fuel were held, would have to be restructured into materially higher-cost SMA [Separately Managed Accounts] funds.”

In the previous posting one can see the loss of Return on Investment (ROI) can quickly become (RoI) Return of Investment.

From the literate pens at:
watchdog-logo-mike

Divestment report: Climate politics hurts pension fund returns

A study conducted for the Vermont Pension Investment Committee gives fresh ammunition to opponents of divestment from oil and gas in state pension funds.

The 63-page report, conducted by independent consulting firm Pension Consulting Alliance, finds that injecting climate change politics into state worker retirement funds harms fund performance and does nothing for the environment.

Last year, Gov. Peter Shumlin pushed for VPIC to divest Vermont’s state pension fund of Exxon Mobil and 200 other energy stocks. That agenda was strongly opposed by Treasurer Beth Pearce and  VPIC Chair Thomas Golonka.

The report highlights five key concerns about divestment, the first being that divestment imposes high costs and fees.

As of June 30, 2016, about 3.6 percent of Vermont’s $3.74 billion pension fund was invested in fossil fuels. Pearce’s office reported in 2014 that the costs to divest would be $134 million, including an initial $8.5 million and another $10 million in lost returns annually.

“The largest measurable explicit costs of divestment to VPIC would be ongoing increased management fees,” the report states. [snip]

Divestment in Vermont has powerful supporters and opponents.

Support for divestment is championed by 350.org, the Vermont Public Interest Research Group, and Shumlin, among others. Groups lined up against divestment include the Vermont Troopers’ Association, Vermont Retired State Employees Association, Vermont League of Cities and Towns and Vermont State Employees Association.

The authors note that divestment from fossil fuels is “a sparsely used strategy among U.S. public pension plans,” and recommends against the strategy: “We believe that VPIC’s significant proxy voting and engagement efforts on climate risk issues at fossil fuel companies, including ExxonMobil, and investment strategies other than divestment, are better suited than divestment for VPIC to manage risks and opportunities posed by climate change within its role as fiduciary of a U.S. public pension fund.”

These individuals, for the most part are socialists, with no background in economics unless it is in re-distributive Progressive policies of “What’s mine is mine and what’s yours is mine” governance.

Then they also believe this:
bus-rider

This kind of stupidity can’t produce a long life.

How to lose money without trying…

…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.
twilight-vermont 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.epa-is-mumTo 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.

Toon in

dems disorder