Read the Beforeitsnews.com story here. Advertise at Before It's News here.

By W.C. Varones (Reporter)
Contributor profile | More stories

Story Views
Now:
Last hour:
Last 24 hours:
Total:

Despite huge Trump rally, CalPERS' long-term returns get even worse

Friday, July 14, 2017 12:45

% of readers think this story is Fact. Add your two cents.

Until last year, CalPERS used to brag about its distant past returns from the tech bubble and the housing bubble as evidence that its return assumptions weren’t crazy.

Today CalPERS is boasting about “smart investing and strong oversight” for having a single good year, thanks to the Trump rally, after decades of underperformance.

But despite this year’s 11.2% return, CalPERS’ long-term returns are still getting worse, because the 10- and 20-year records are now rolling off huge returns from the 90′s and 2000′s tech and housing bubbles.

	20-year return	15-year return	10-year return	5-year return	3-year return
	6.08%	6.35%	3.39%	8.82%	4.64%

Despite having failed to earn 7% over the past decades, CalPERS still makes taxpayers guarantee 7% in perpetuity to government retirees, in addition to having to pay hundreds of billions for CalPERS’ past failures.

Source: http://www.wcvarones.com/2017/07/despite-huge-trump-rally-calpers-long.html

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).

Comments

Online:
Visits:	1,599,084,923
Stories:	8,137,967