Comments on: There but for the grace of… http://agapefdn.org/blog/2009/02/13/there-but-for-the-grace-of/ Towards a just, peaceful world through nonviolent social change. Tue, 07 Sep 2010 19:54:39 +0000 http://wordpress.org/?v=2.7.1 hourly 1 By: Lee Trampleasure http://agapefdn.org/blog/2009/02/13/there-but-for-the-grace-of/comment-page-1/#comment-277 Lee Trampleasure Sun, 15 Feb 2009 19:56:47 +0000 http://agapefdn.org/blog/?p=91#comment-277 I was on the Board when we created the endowment fund. I've donated a bit towards it. Karen, I'm glad you didn't get around the getting the money into "screened investments." 3% used to be thought of as a reasonable return on an investment. Then the stock market started posting huge returns, and folks said "you're wasting your money if you don't invest in the market." But what is the stock market? It's gambling. Who wins: Those who stay in it for a long time (generally). Who loses? Those who are at retirement age when the stock market crashes. Suddenly, their projected income is much less. But even those folks have much more money than those who's only pension is social security. Karen, I'm glad you didn't get around to "investing" the endowment in the stock market. My advice to the Board is to not worry about making "the most" in interest (even if "the most" includes social screens). Keep up the good work of raising money and making grants. Don't get caught up in trying to "keep up with the Jones's" in interest rates. Lee I was on the Board when we created the endowment fund. I’ve donated a bit towards it. Karen, I’m glad you didn’t get around the getting the money into “screened investments.”

3% used to be thought of as a reasonable return on an investment. Then the stock market started posting huge returns, and folks said “you’re wasting your money if you don’t invest in the market.” But what is the stock market? It’s gambling. Who wins: Those who stay in it for a long time (generally). Who loses? Those who are at retirement age when the stock market crashes. Suddenly, their projected income is much less. But even those folks have much more money than those who’s only pension is social security.

Karen, I’m glad you didn’t get around to “investing” the endowment in the stock market. My advice to the Board is to not worry about making “the most” in interest (even if “the most” includes social screens). Keep up the good work of raising money and making grants. Don’t get caught up in trying to “keep up with the Jones’s” in interest rates.

Lee

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