Illinois Pension Plans Dumps $1 Billion in Value Stocks to Self Manage – Moneymaven

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Riverbender
4 years ago

So what will the new State financial guru’s pick to invest in?
Perhaps some “Build Illinois” so called investments with non recourse loans?
Some other fly by night program based things designed to spread the money around as it evaporates making a bad situation even worse?
They probably wont invest in a simple no fee index fund that have provided double digit returns over the past year…and I wonder who’s brother-in-law will get hired to administer the program.

Poor Taxpayer
4 years ago

The best day of your life is the day you move out of Illinois.
There is no hope, DOA, a goner.
Let the cops, teachers and firemen pay all the pension taxes.
Do not be the last man to move.
The race is on to get out of this hell hole.
Do not walk but RUN as fast as you can. Do not look back.
HIGH TAXES, LOW SERVICES AND some of the worst weather in the US.
You and your family deserve much better.

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