There is nothing so important, so critical, so meaningful, so vital, that it cannot have the basic principles and tenets of procrasination applied to it....that is, if I could just get around to it..... 

Like we say in the sewer, "Time and tide wait for no man."

-- Ed Norton

Charts and tables up!

I'm of the opinion that the members of our local have been poorly served by the Board of Trust(BOT). I believe that over at least the last fifteen years, the BOT has pursued a particularly risky and ultimately costly to the members investment strategy for the pension plans. After meeting with me in 2003, the BOT instituted sweeping changes in both of the pension plans. However, there remain elements to the pension plans that I deem to be consistent with the prior flawed strategy and in need of change. The BOT disagrees with me, and thinks they have been doing a fine job and continue to do a fine job. I am not comfortable with this situation. I've retained a lawyer who is experienced in ERISA law to help me answer the questions that still concern me. The lawyer has reviewed the material which I've presented here and additional material that I have not made public. He has suggested that there is additional material that needs to be reviewed and we are in the process of obtaining that from the pension plans and will be reviewing that material in the near future. I'll keep you updated here and on my website as to the what, whys, and wherefores of what's goin' on... Stay tooned.

Here's the chart from a coupla weeks ago.


"It looks at the 10 year performance of the mutual funds available to us now in the 401. This is the kind of data that can be life changing. It's pretty damn obvious that something highly significant is going on and that something needs to be done. It's data like this in this form that got me moving to talk to someone about how BAD the pension situation was, and it was data like this that launched me in the new 401a funds when they became available in 2004. If you can't see the data or can't see the data in a useable format, you stay in the dark.

Check out the 4th quarter of 2001 reports for my 401a below






Check out the numbers..... Oh, right, only one report has data in a useable format after my data is stripped out. Again, only one report shows that there is something going on. Thanks to the reforms instituted in 2004 and my website, this issue has gone away for the 401a. Do YOU have all the pension data for the defined benefit plan that you NEED available to you in a useable format? That includes enough data to figure out where you are and how and who got you there?

This week's investment data is pretty much on the web site in the charts and tables. I got a full plate and I'm gonna be busy this weekend. Suffice it to say that I'm carrying significant cash (too much by way of a miskey) in the 401 and my trading account and I'm STILL making significant coin. I'm STILL concerned about everything I've written about below. I'm 33% in energy stocks in my trading account because of the Middle East politcal situation and the possibility of a religious war on the Straits of Hormuz. You gotta make money when you can and in the 401 that is reduced to being long when it's good and out when it is bad. But it was a lot easier being 200% long with money borrowed on a credit card in the trading account in 2003 than it is being 80% long in the 401a here and now. Still......
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