Re:Crypto Platform Celsius Pauses Withdrawals
by soperj on Monday June 13, 2022 @02:35AM
(#31721992)
It's pretty clear here that you have no idea what you're talking about.
These pensions are only available for public service workers, and they have a long history of doing quite well despite the obvious mis-steps.
Re:Crypto Platform Celsius Pauses Withdrawals
by rohitb91 on Monday June 13, 2022 @12:27AM
(#31721113)
Wow
Will there be riots over the mismanagement of the wealth of millions of people? How much have these incompetent managers destroyed? Esg is a cancer to society.
Re:Crypto Platform Celsius Pauses Withdrawals
by IfOnlyYouKnew on Monday June 13, 2022 @02:10AM
(#31721800)
Averaging 9.6 % annually since inception: https://en.wikipedia.org/wiki/Ontario_Teachers'_Pension_Plan. If this is cancer. I’ll have some of it. (Ironically, getting out of tobacco is about as far as their ESG seems to go).
Re:Crypto Platform Celsius Pauses Withdrawals
by roenxi on Monday June 13, 2022 @02:08AM
(#31721783)
Are their riots over all the other types of tax? As long as people aren't left destitute in the streets it'll just be a couple of old people learning why people have been screaming about ESG for the last couple of decades/that people wearing suits also lie.
Most fund managers would be fired, or quit, but because it's Green(TM), it was fine and good.
https://www.thestar.com/business/2021/09/28/canadas-oil-indu...
The take away for all Canadians (the CPP is just as bad) is that these pension funds are just one more tax. You will be paid out, just nowhere near commensurate with what you put in.
And that's even before the comical "inflation" adjustments and the intentional lack of currency hedge.