Discover and read the best of Twitter Threads about #owthathurts
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This is your daily pension announcement: Good news for LAPP members! Not so good news for everyone else invested with AIMCO.... #ABLeg
Read the following message carefully where the CEO of LAPP rips AIMCO a new one: #owthathurts
lapp.ca/page/whats-new…
Read the following message carefully where the CEO of LAPP rips AIMCO a new one: #owthathurts
lapp.ca/page/whats-new…
A couple of germane points to be made. First, your pension benefits are safe. Even though LAPP have endured huge losses the plan is still 109% funded (down from118%, anything north of 95% is great). LAPP could have reduced contributions, but no. #ABLeg
This is a testament to the hard work and dedication of the LAPP Corporate Board. An excellent result.
And, no thanks to AIMCO.
(For teachers, just a reminder that your pension contributions will go down in the fall due to strong ATRF returns.) #ABLeg
And, no thanks to AIMCO.
(For teachers, just a reminder that your pension contributions will go down in the fall due to strong ATRF returns.) #ABLeg
This is your daily pension announcement: The Pension War Room™️ unleashes AIMCo's investment results and some whoop-ass! Available for download here. #ABLeg #handsoffmypension #travisfail
aimco.alberta.ca/Media/News-Vie…
aimco.alberta.ca/Media/News-Vie…
On the surface of the press release things sound good! AIMCo earned a net (of fees) return of 10.6% in 2019. But, as I have said many times, this number is nearly meaningless for comparison purposes. ATRF has a different year end and a different asset mix. #ABLeg
As Kevin would tell you, end date and asset mix need to be controlled to make this kind of comparison over a one year time frame.
CEO Kevin does admit a little ways down:
"we acknowledge that in the short-term we have not met our clients’ expectations.” #ABLeg #owthathurts
CEO Kevin does admit a little ways down:
"we acknowledge that in the short-term we have not met our clients’ expectations.” #ABLeg #owthathurts
This is your daily pension announcement: Downgrade Double Down! Travis Toews talks like a socialist. What a day it has been. Let me just review some facts... #handsoffmypension
1. In a mainly free market economy the any government has very little control over the economy.
2. Give any large company money and they will do whatever is in their best interest. #freemarket
3. No politician has control of commodity prices no matter how many times they say it.
2. Give any large company money and they will do whatever is in their best interest. #freemarket
3. No politician has control of commodity prices no matter how many times they say it.
(I think we should disqualify anyone from running who makes such specious claims.)
4. This downgrade is the official statement from the institutional investment community that Alberta is not... a good investment.
4. This downgrade is the official statement from the institutional investment community that Alberta is not... a good investment.
