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Politics : Ask Michael Burke
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To: Joan Osland Graffius who wrote (97639)10/6/2002 3:05:49 PM
From: Tommaso  Read Replies (1) of 132070
 
>>What I have done is put the majority of her assets in the short term federal fund, and a small amount in Pimco's Total Return Fund. If we get inflation this short term bond fund will lag but it is the best I can do with her options. They have a couple of Templeton foreign funds that have stocks that I like and have a small amount of her assets in these two. Templeton also has a US value fund where the manager is 37% in cash and I do not dislike the stocks that he holds, so I have a tiny bit of her capital in that one. As the dollar is getting devalued these Templeton guys are doing ok.<<

That is just the sort of thing I wish I could do with my wife's money. Happily she also has an IRA where it is possible to make up for some of the rigidity of her pension. Oh--TIAA/CREF is the huge pension fund for educational and some other non-profit institutions. It is so enormous that they are now able to throw their weight around with managements, insisting on limiting exective super-pay and cutting out or accounting for options honestly. The Carnegie foundation started TIAA many years ago and it got more or less privatized recently. It has been a wonderful minimum-cost thing allowing participation in the stock market since about 1950--just the right time to start that.
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