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CPP expansion is underway! I just want to remind you of two bits of Top Secret advice Travis received in Sept 2019:
"Longer term, CPPIB assets increased over $239 billion over the last 10 years for an annualized net nominal rate of return of 11.1 per cent over a 10-year period."
"Longer term, CPPIB assets increased over $239 billion over the last 10 years for an annualized net nominal rate of return of 11.1 per cent over a 10-year period."
And a little further down...
"In comparison, as of December 31, 2018, AIMCo generated an investment return of 2.3 per cent net of costs. Longer term, AIMCo generated an annualized net nominal rate of return of 7.2 per cent over a five-year period." #AbLeg #handsoffmypension
"In comparison, as of December 31, 2018, AIMCo generated an investment return of 2.3 per cent net of costs. Longer term, AIMCo generated an annualized net nominal rate of return of 7.2 per cent over a five-year period." #AbLeg #handsoffmypension
So there you have it, Travis has been told in the nicest of bureaucratic terms that AIMCO would not produce the same investment returns as CPP. So withdrawing from CPP would be stupid. For this and many other reasons. #AbLeg #handsoffmypension
Okay, and I want to talk briefly about another thing I picked up at @dragoncon. There was a big, busy booth near a far wall in Artist's alley, and it was busy all the time. I was swamped, but curious.
@DragonCon It was a newish indie book, I don't know much about it, but MAN these people were doing EVERYTHING right. Huge banner, explained the concept of their book beautifully, were super friendly to all.
The book is called TUSKEGEE HEIRS. Now, I was sold right there. The Tuskegee Airmen story is just an amazing tale, and their huge banner made me want the book, so I later sent hubby to pick it up when I couldn't get away.
