Friday, January 14, 2005

Bad Advice from TIAA-CREF

From a recent mailing: Simplify Your Financial Life. Consolidate your retirement accounts with TIAA-CREF.

No thank you! Anyone who puts all his eggs in one basket is a fool. Just ask former Enron employees. MP recommends maximal diversification: across funds, sectors, investment strategies, asset classes, indeed across every relevant parameter including companies.