It pays to fund Mutual Funds

[PattyE]

I think that Alan has it right.

Yep, he does.

An IRA (Individual Retirement Account) is a personal savings/investment plan that lets an individual set aside money for retirement.? ?It would not be possible to invest Liberty Scholarship Fund dollars in an IRA.

[joeyforpresident]

Well, I don't know what type of funds an endowment invests in. I know with my Roth IRA, the fund is managed by Van Kampen, and it's historic rate of return has been 10-11 percent a year.

Banks have their own little "investment" accounts too, but they give the peasants a 2-3 percent return while the bank CEOs make off with the other.

Crooked ba...

Anyway, annuities are going to run you in all sorts of IRS hoops. If the endowment works, great. Just wouldn't want someone like my mom for example to throw away $500 in a "bank investment acct" that "generates" 2-3% (if that) when a fund like mine could generate 10-12 percent.

[KBCraig]

Well, I don't know what type of funds an endowment invests in.

Joey, I admire your enthusiasm.

But you're selling your "financial advisor" services about as well as you're selling your viability as a Presidential candidate. To wit: it's better to remain silent and be thought a fool than to open your mouth and remove all doubt!

Best wishes for your future maturity,

Kevin

[FSPinNY]

Be careful Joey, lots of mixed-up financial information in your posts.

The global, balanced mutual fund that we're using for the LSF Endowment Fund for now, CIBCX,  has had the following average annual total returns thru 7/31/05:
1 year:  15.39%
3 years:  13.12%   
5 years: 10.19%
10 years:  10.73%
Lifetime (7/30/87): 10.98%
Risk level is less than half (.46) of a comparable global index (MSCI EAFE) (1.0). 
The Fund has won many awards over the years and performed better than the S&P 500 Index over its lifetime, yet it is balanced and currently contains 12% Cash and 22% Bonds.  I use it personally for my 'move to NH fund'.

Brian

Joey, I suggested to you before that you contact me about the company that you hired to work with in the financial services business - please do.  I have researched it more than once over the years for prospective clients...

[tracysaboe]

Pri-Merica PRedominently uses Smith Barney mutual funds.

They have a good track record. I know their Agressive Growth has been in Forbs top 10, several different years.

What's the name of the global fund you use?

Tracy