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gov 'expert' discovers his international index fund is a hot dog
Well, yea, but .... China buying gobs of US savings bonds supports our government spending, including R&D and purchase of lethal weapons, etc. And the interest they collect on US bonds and other stuff is American money supporting their form of government, I guess.
Well, yea, but .... China buying gobs of US savings bonds supports our government spending, including R&D and purchase of lethal weapons, etc. And the interest they collect on US bonds and other stuff is American money supporting their form of government, I guess.
Yes, but it has 'US' in the name and their OUR bonds, so it's fine... /ducks
excerpt: "...Indirectly, the retirement savings of U.S. military members and government employees are aiding China’s techno-industrial ambitions, according to data I received that included the plan’s holdings up to the end of 2024..."
So, he's being lied to. Eh? Liars and pedophiles are the lowest creatures, at the bottom of the ocean with the whale feces.
It is how the index is constructed that indirectly spills over the exposure to China and Russia. Companies these days do business globally. Microsoft, for example, is likely to have over sizable business outside of the states. Yet, it is in S&P 500 index. So what’s new?
I wrote a comment to this article pointing out that he neglected to mention that with the TSP "Mutual Fund Window" participants can use 25% of their balance to invest in one of 5000 mutual funds. Many are ESG funds and a lot of them avoid a lot of the problems he mentions. IT does take a little work and poking around. Many of them are at Schwab but there are GMO funds and lots of DFA
Of course "Project 2025" is targeting the mutual fund window claiming it is "woke" and wants to close it. would be stupid and ironic if eliminating "woke" pushes more federal retirement money into Chinese companies
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China buying gobs of US savings bonds supports our government spending, including R&D and purchase of lethal weapons, etc. And the interest they collect on US bonds and other stuff is American money supporting their form of government, I guess.
"...Indirectly, the retirement savings of U.S. military members and government employees are aiding China’s techno-industrial ambitions, according to data I received that included the plan’s holdings up to the end of 2024..."
So, he's being lied to. Eh? Liars and pedophiles are the lowest creatures, at the bottom of the ocean with the whale feces.
Of course "Project 2025" is targeting the mutual fund window claiming it is "woke" and wants to close it. would be stupid and ironic if eliminating "woke" pushes more federal retirement money into Chinese companies