"Most markets that appear to be very opportune to the untrained eye are that way for a good reason." It was a lesson learned very early in Ethan Penner's career, and, as he writes in his most recent post, a lesson more institutions have been forced to forgo as a consequence of current rates of return.
As Penner explains it:
"In our artificial and gimmicked ultra low rate environment, retirement savings that require a return of nearly 7-8% must gamble more than invest in order to have a hope of providing retirees with the lifestyles that they hope to have in retirement. Thus, many billions of dollars of capital has been allocated to investment funds that allow for, and perhaps even encourage gambling rather than investing."
To read the full post, "The Mr. Weissberg Lesson," click here. For other posts from Penner, click here.
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Geoffery Metz
Geoffery Metz is the content manager for ALM's GlobeSt.com, Credit Union Times and Treasury & Risk. Before joining ALM, he spent several years overseeing the newsroom at the financial wire service Business Wire, with special focus on multimedia presentation for the web.
