Bruce Gaarder wrote:
<snip>
>Then there is the supposed 8.5% return on the money
>that the state is supposed to reap. Does anyone know
>the return that the state currently gets on various
>investment funds, like pensions, etc.? As has been
>said, expecting an annual return like that in hard
>times seems more than optimistic
<snip>
Not at all. It takes some looking, but you can
find stocks listed on the NYSE and AMEX that pay more
than 8.5%. One of them, the Mesabi Turst, pays 9.36%
and would even keep the money in Minnesota. It may be
harder to find a mutual fund with yields that high,
since they're required to be diversified, but I suspect
that it could be done.
Kevin Trainor
GOP Candidate for Minnesota House, 61A
East Phillips
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