Tuesday, March 24, 2009

Treading financial water

As a former college teacher, I have a retirement account with TIAA-CREF. One of the funds I hold in that account is CREF Stock, a broad portfolio of US and foreign stocks in a wide array of industries -- materials, manufacturing, consumer staples, financials, etc. Their 2008 financial report arrived the other day, and here's a fun fact from what they have to say about my investment:
An investment of $10,000 in this account on December 31, 1998 would be worth $9,296 at the end of the period [i.e., 12-31-08], including reinvestment of dividends and distributions.
The screen grab above is from today. It shows a 10-year decline of 2.56%.

Now that's capitalism.

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