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Elroy Jetson

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Elroy Jetson

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Re: dexprs post# 75281

Thursday, 11/16/2017 2:18:42 PM

Thursday, November 16, 2017 2:18:42 PM

Post# of 111550
It is pretty crazy for an oil producer to invest their sovereign wealth fund in oil company stocks. There could be a further price decline in the future and you should want some of your wealth protected from that.

I recall my CFO boss at Weyerhaeuser who was fulling invested in Weyerhaeuser stock which hadn't gone anywhere for 18 years, and in fact declined.

It was a great place to work, but his unsealed 401k statement got routed to me by accident and for a guy close to retirement age it was really sad to see a $114k total to retire on.

Fortunately he was married to a film star's daughter.

We've run out of other people's Social Security taxes needed to subsidize our low income tax rates.

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