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re: Paying too much for petrol?

Posted by:
JimmyG 05:28 pm UTC 06/17/08
In reply to: re: Paying too much for petrol? - Smeghead 11:45 am UTC 06/17/08


I agree with Smeg, it's a global thing...unless your money is invested in something you find morally appaling, most people don't want the hassle of keeping up with the details...as long as the number keeps increasing, life's good....if I had a huge amount of money to invest, thouugh, I'd care about the details, since I wouldn't want to invest a lot of money in porn and other "junk industries"...

/Jimmy G.



> I would daresay it is anyone around the world. If you
> have your money in a managed fund that changes constantly
> why bother keeping up on where it is. That is why you
> have it in a fund that someone else manages.
>
> > Perhaps it's an American thing then being cluesless as to
> > where your money is invested.
> >
> > > You are quite mistaken. Every0one I know is invested in
> > > pension funds and has no idea where the money goes. I
> > > don't know where my money is invested (I hope it is in
> > > porn) my wife doesn't know where her money is invested.
> > > My friends, parents, co-workers... I don't think any of
> > > them know..
> > >
> > > > > > > Regular people all over the world who have pensions who've
> > > > > > > invested in oil companies should be glad that they are
> > > > > > > doing well.
> > > > > >
> > > > > > I know of no regular person anywhere who's pension is
> > > > > > invested in an oil company.
> > > > >
> > > > > Most people have their moneies invested in funds and don't
> > > > > even know those funds are invested in oil comapnies.
> > > >
> > > > I have an investment in a pension fund and I know exactly
> > > > what percentage goes into what. I'm fairly certain that a
> > > > regular person (anywhere in the world) would know if
> > > > they've invested their pension into an oil company. If a
> > > > pension scheme had a portfolio of shares through a managed
> > > > fund and a small part of that was invested into an oil
> > > > company then they might not know, but that isn't what was
> > > > said.


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Previous: re: Paying too much for petrol? - John_Galt 05:24 pm UTC 06/18/08
Next: re: Paying too much for petrol? - Smeghead 07:00 pm UTC 06/17/08

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