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Reply #3: Bill Gross warns this is the "New Normal. Forget 10% returns. Think 5%" [View All]

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CountAllVotes Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-17-10 09:13 AM
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3. Bill Gross warns this is the "New Normal. Forget 10% returns. Think 5%"
Think 5% Bill Gross (the head of PIMCO who sells loaded bond funds - 3.75% to "buy in" to one of their investments).

I guess everyone should invest with PIM(p)CO right away in order to grab up that 5%. Whoops - it won't be 5% after paying that 3.75% front end load and their "management fees" that are about 1%+ on these funds.

Hmph is all I can say except RAISE THE FUCKING RATES BERNANKE! A lot of people (MOST PEOPLE) don't care to "invest" in the stock market, especially now.

:kick: for the pigs on Wall Street ... :puke:

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