FYI: Dear Pension Trustees Everywhere: Do you ever experience feelings of self-doubt or guilt, brought on by acting on bad investment advice? Are you concerned about your fiduciary responsibility to your beneficiaries? You should be.
Most of you have been taken in by pension consultants—members of a fairly new profession who have track records that mostly are short and bad.
They advise big investors like you, and also wealthy individuals, charitable endowments and similar institutions, on how they should allocate their money among many possibilities: stocks, bonds, private equity, real estate, gold, commodities, emerging markets, and other small markets.
Regards,
Ted
http://www.barrons.com/articles/pension-funds-keep-it-simple-stick-with-u-s-stocks-for-the-long-run-1465629055?mod=BOL_hp_highlight_7
