Losing sleep over the decline of your retirement savings? Morgan Stanley has a solution: wipe it out and stop worrying – it can’t go below zero, unless you’ve margined the damn thing. Does it work? Well MS tried it themselves and by gosh, every employee who invested in the special MS retirement fund’s been wiped out! Proven performance, for a fee. It’s little surprise to learn that MS recently hired Walter Noel to run their funds.
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Walt
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7V3V3BIg8AY&refer=home
Play nice!
Present readers excepted, of course!