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The States: Where We Wish Texas Would Secede Already

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  • mookie1995
    replied
    Originally posted by dxmnkd316 View Post
    Ya'll need to calm down. Almost all of you have money in that bank if you own almost any of Vanguard's large index funds.

    https://www.morningstar.com/stocks/pinx/aksjf/ownership
    It’s one thing to have money with an asset mgr who invests there vs your own “investment” which is listed as the 2nd largest owner block.

    Leave a comment:


  • aparch
    replied
    Originally posted by Swansong View Post

    I think it's more a Rand Paul (you know, that scumbag) thing.
    https://time.com/6149542/rand-paul-senate-russia/

    He hides behind being a non-interventionist, but that's just a facade in my opinion.

    Paul has a long history of sucking up to Russians:
    https://www.npr.org/2018/08/09/63698...nd-republicans
    https://www.vanityfair.com/news/2018...-russia-stooge
    Rand Paul's neighbor needs to make a visit to his house again.

    Leave a comment:


  • dxmnkd316
    replied
    Ya'll need to calm down. Almost all of you have money in that bank if you own almost any of Vanguard's large index funds.

    https://www.morningstar.com/stocks/pinx/aksjf/ownership

    Leave a comment:


  • Swansong
    replied
    Originally posted by aparch View Post

    The state who keeps electing Moscow Mitch makes you wonder why they were invested so heavily in Russia?
    I think it's more a Rand Paul (you know, that scumbag) thing.
    https://time.com/6149542/rand-paul-senate-russia/

    He hides behind being a non-interventionist, but that's just a facade in my opinion.

    Paul has a long history of sucking up to Russians:
    https://www.npr.org/2018/08/09/63698...nd-republicans
    https://www.vanityfair.com/news/2018...-russia-stooge

    Leave a comment:


  • Swansong
    replied
    Originally posted by SJHovey View Post

    Their investment in that Russian bank was just a tiny, tiny fraction of the retirement funds assets. $13 million is a world of money to you and me, but for these types of retirement funds, it's nothing.
    I read the same thing. It's ... not good. But it isn't as horrible as it's made out to be.

    Leave a comment:


  • SJHovey
    replied
    Originally posted by ScoobyDoo View Post

    Nice Diversification of assets. Morons.
    Their investment in that Russian bank was just a tiny, tiny fraction of the retirement funds assets. $13 million is a world of money to you and me, but for these types of retirement funds, it's nothing.

    Leave a comment:


  • aparch
    replied
    Originally posted by RaceBoarder View Post

    I'm more intrigued that the top three investments were all from the state of KY...
    The state who keeps electing Moscow Mitch makes you wonder why they were invested so heavily in Russia?

    Leave a comment:


  • Spartanforlife4
    replied
    Originally posted by Proud2baLaker View Post
    I heard something similar for Idaho the other day on the radio. Some state retirement funds and what not are at least partially invested in foreign assets which of course included Russia and they are taking a pretty good hit and trying to get out of it. Some of it has also been frozen by the Russians as retaliation to our sanctions apparently?
    Well that one’s easy to explain. They just put it in the wrong Bank of Moscow.

    Leave a comment:


  • mookie1995
    replied
    Originally posted by ScoobyDoo View Post

    Nice Diversification of assets. Morons.
    seriously. russia is an emerging market to start with and is never a large majority pct of an asset owners portfolio in aggregate. russia then is not a majority weight in an emerging market benchmark at all.
    to have one single holding that large from a country then that is a small wtg to start is just fucking crazy.

    https://www.msci.com/research-and-in...erging-markets

    Leave a comment:


  • Proud2baLaker
    replied
    I heard something similar for Idaho the other day on the radio. Some state retirement funds and what not are at least partially invested in foreign assets which of course included Russia and they are taking a pretty good hit and trying to get out of it. Some of it has also been frozen by the Russians as retaliation to our sanctions apparently?

    Leave a comment:


  • RaceBoarder
    replied
    Originally posted by Deutsche Gopher Fan View Post
    Kentucky teachers retirement union has…taken a hit

    https://twitter.com/mkt_sentiment/st...001304576?s=21
    I'm more intrigued that the top three investments were all from the state of KY...

    Leave a comment:


  • Kepler
    replied
    Kentucky has teachers?

    Leave a comment:


  • ScoobyDoo
    replied
    Originally posted by Deutsche Gopher Fan View Post
    Kentucky teachers retirement union has…taken a hit

    https://twitter.com/mkt_sentiment/st...001304576?s=21
    Nice Diversification of assets. Morons.

    Leave a comment:


  • Deutsche Gopher Fan
    replied
    Kentucky teachers retirement union has…taken a hit

    https://twitter.com/mkt_sentiment/st...001304576?s=21

    Leave a comment:


  • FadeToBlack&Gold
    replied
    Ex-Detroit Chief of Police James Craig, currently mounting a campaign for the R nomination to run against Gov. Whitmer this year, blames a former campaign manager after appearing to send out a fundraising letter which criticized the Michigan State Police as "weak-kneed" and "Whitmer's underlings" for failing to control a crowd of slightly aggressive protesters at his campaign announcement event last September.

    Leave a comment:

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