Friday, October 24, 2008

Nations face difficulty

Robert Peston at BBC News has mentioned some interesting points that today we are looking at credit risk imposed by countries, namely Iceland, Hungary, Pakistan, Ukraine and Belarus, Argentina, and lastly but most importantly, South Korea.

This could affect YOU and me. If you have a pension fund, you should find out if the investments involve any debt issued from the above mentioned countries; and if so, time to make some changes to your hard earned retirement fund. Government debt is NOT risk free, and the existing fund managers are not adequately prepared for proper risk management. The level of incompetence behind institutional doors is shocking, I tell ya, SHOCKING. But that's for another article.

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