Jim Rogers, you may recall, predicted the current commodity bull market back in 1999 and enumerated his reasons in his book "Hot Commodities." Rogers was not happy with recent Congressional proposals to restrict pension money from investing in index funds. He derisively referred to Sen Joseph Lieberman (I-CT), who has supported restricting investments in index funds, as Sen Smoot for the infamous tariff legislation that many economists believe contributed to the Great Depression. What would have been the effect on pension plans if investments in index funds had been restricted at the beginning of 2008. The difference in the first six months of this year was nearly 10% or $1,000 on a $10,000 investment.
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