Look for them to "redraw" their plan again.
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How much longer before Tipsword pulls an Enron on the retirement fund?
To the poster who disputes the stock-bond investment with a chicken little comment.
These are RATES not prices which are inverse of rates. Price is what drives p/l.
3 month Treasury from .52 to 1.54
6 month Treasury from .62 to 1.72
12 month Treasury from .78 to 1.79
Dispute this!
Corporate and munis follow the same pattern...look it up.
The company only holds 30-34% of its assets in stocks. For the bonds every company ladders them in short and medium terms and they are less sensitive to rising rates. And it isnt mostly treasuries either. As the rates rise and portfolios turnover, they get the advantage. Sorry to disrupt your chicken little narrative.
Most in bonds? Have you looked at the bond market lately. Interest rates have on 10 year have been rising exponentially in the last few weeks. Stocks do not like rates rising. BTW When rates go up PRICES are coming down on bonds hence losses in bonds.
Sentiment about the market has been buy the dips for the last year or so. Those that say fake news have no mind of their own to think with.
Feds are due to hike 4 times this year....rates go up PRICES come down. Keep repeating that fundamental and your "fake news" disappears.
What is fake news anyway.....that would be a lie right? We know where a lot fo the lies are coming from.
Fear mongering at its finest. Glad somebody else already called this out as fake news. Yeesh.
Given that the market is still up something like 7000 points from a year ago, I don't think it's anything to worry about. Stock market goes up and down. Looking at what happens over the course of a day or two versus what's happened over the course of a year didn't make sense.
Huge increases in the stock market coupled with massive tax reductions means State Farm will be sitting pretty.
The sky isnt falling. A major portion is invested in bonds by statutory requirement. This much ado about NOTHING.
Yea, fake news here. SF probabaly made bank along with evreyone else in the profit taking. Historical highs today meaning net worth is higher than ever.
The only thing that has been keeping our failing business model afloat just went away. Tipsord must be quaking in his boots. Now our multi billion dollar losses in insurance will become real losses to the bottom line. His days are numbered!