Topaz Posted October 20, 2011 Report Share Posted October 20, 2011 The CPPIB, Micrsoft and a private equity firm want to bid for Yahoo Inc. My view its very risking and to using Canadian taxpayers money is wrong to gamble when the tech. industry is always up and down. What happens when in the global economy and the tech. sector would go they way did it back in the early '90's and the CPP loses money? http://www.theglobeandmail.com/globe-investor/cppib-microsoft-considering-yahoo-bid-report/article2207298/ Quote Link to comment Share on other sites More sharing options...
blueblood Posted October 20, 2011 Report Share Posted October 20, 2011 The CPPIB, Micrsoft and a private equity firm want to bid for Yahoo Inc. My view its very risking and to using Canadian taxpayers money is wrong to gamble when the tech. industry is always up and down. What happens when in the global economy and the tech. sector would go they way did it back in the early '90's and the CPP loses money? http://www.theglobeandmail.com/globe-investor/cppib-microsoft-considering-yahoo-bid-report/article2207298/ I have no problem with the cpp making investments, they have small returns and are generally conservative with their investments. Unless yahoo's CEO is the second coming of Jobs and has some earth shattering ideas for yahoo, Yahoo is a company circling the drain, there is nothing there. It's a bad idea investing in yahoo, they are hemmoraging. Quote Link to comment Share on other sites More sharing options...
msj Posted October 20, 2011 Report Share Posted October 20, 2011 The CPPIB, Micrsoft and a private equity firm want to bid for Yahoo Inc. My view its very risking and to using Canadian taxpayers money is wrong to gamble when the tech. industry is always up and down. What happens when in the global economy and the tech. sector would go they way did it back in the early '90's and the CPP loses money? http://www.theglobeandmail.com/globe-investor/cppib-microsoft-considering-yahoo-bid-report/article2207298/ My view is that people who don't know how to invest come onto these forums to complain about the CPPIB which is a professional run organization. While I admit that I don't like Yahoo! and I don't really understand their business model (since I don't follow them at all) the professionals at CPPIB likely do know. Yes, it's a bet. But when you are mandated to earn a return of about 4.1% on your assets it's a relatively safe bet. It's not like the CPPIB is putting all of their assets into this one investment. We own real estate around the world as well as stocks and bonds and private corporations. It is a well run investment board that is arms length from government that appears to be operating within their mandate. We can't really ask for much more than that. Quote Link to comment Share on other sites More sharing options...
capricorn Posted October 20, 2011 Report Share Posted October 20, 2011 (edited) My view is that people who don't know how to invest come onto these forums to complain about the CPPIB which is a It is a well run investment board that is arms length from government that appears to be operating within their mandate. The numbers speak for themselves. 1999 - First funds received from CPP: $12.1 million invested in capital markets (see edit note) 2000 - At fiscal year end, the CPP fund is $44.5 billion 2001 - At fiscal year end, the CPP fund is $49.2 billion 2002 - At fiscal year end, the CPP fund is $53.6 billion 2002 - At fiscal year end, the CPP fund is $55.6 billion 2003 - At fiscal year end, the CPP fund is $70.5 billion 2004 - At fiscal year end, the CPP fund is $81.3 billion 2005 - At fiscal year end, the CPP fund is $98.0 billion 2006 - CPP Fund Grows to $116.6 billion and Reports a 12.9 per cent Investment Rate of Return etc.. http://www.cppib.ca/About_Us/Our_History/our_history_2007.html'>http://www.cppib.ca/About_Us/Our_History/our_history_2007.html A dip in return is recorded for 2009, in sync with the global economic downturn. Today, the fund is worth $153.2B http://www.cppib.ca/ The fund is in good hands. Edit: Note that the stated amount for investment in 1999 was drawn from the existing assets of the CPP which totaled $36.5B as of 1997. Edited October 20, 2011 by capricorn Quote Link to comment Share on other sites More sharing options...
Pliny Posted October 22, 2011 Report Share Posted October 22, 2011 Whew! I will still be able to collect my $300 or so dollars per month. I wish it were still 1967. Our only concern is if we live too long and $300 dollars just buys a cup of coffee or Chavez annexes us. Ha Ha Quote Link to comment Share on other sites More sharing options...
msj Posted October 22, 2011 Report Share Posted October 22, 2011 Whew! I will still be able to collect my $300 or so dollars per month. I wish it were still 1967. Our only concern is if we live too long and $300 dollars just buys a cup of coffee or Chavez annexes us. Ha Ha Well, if you don't want to pay into CPP you really don't have to. Just rearrange your life by becoming self-employed and take dividends from you company instead of wages. Oh, and since you are self-employed you won't pay into EI either so that's an added bonus. Quote Link to comment Share on other sites More sharing options...
August1991 Posted November 6, 2011 Report Share Posted November 6, 2011 (edited) My view is that people who don't know how to invest come onto these forums to complain about the CPPIB which is a professional run organization.And Gosplan was also a professional organization.It's not like the CPPIB is putting all of their assets into this one investment.But millions of Canadians are letting a few people decide for their future.---- CPPIB? As the blog Small Dead Animals would say: "What could possibly go wrong". ---- Well, if you don't want to pay into CPP you really don't have to. Just rearrange your life by becoming self-employed and take dividends from you company instead of wages. Oh, and since you are self-employed you won't pay into EI either so that's an added bonus. msj, the leftist/socialist telling people how to avoid taxes. Amazing! Edited November 6, 2011 by August1991 Quote Link to comment Share on other sites More sharing options...
msj Posted November 6, 2011 Report Share Posted November 6, 2011 msj, the leftist/socialist telling people how to avoid taxes. Amazing! I'm hardly a socialist. In fact, on the political scale in another thread I'm pretty close to centre (sometimes to the slight right and slight left). I help people avoid paying taxes all the time. In fact, people pay me to do this and then I pay taxes on that income. Amazing! Quote Link to comment Share on other sites More sharing options...
August1991 Posted November 6, 2011 Report Share Posted November 6, 2011 I help people avoid paying taxes all the time.I hope that you don't help them too much.In fact, people pay me to do this and then I pay taxes on that income. Amazing!Amazing?Some people bake bread. Others drive taxis. Others teach children. And msj, people pay you to "avoid paying taxes all the time". Amazing. Quote Link to comment Share on other sites More sharing options...
msj Posted November 6, 2011 Report Share Posted November 6, 2011 I hope that you don't help them too much. You have no idea just how stupid you really sound. Quote Link to comment Share on other sites More sharing options...
August1991 Posted November 6, 2011 Report Share Posted November 6, 2011 You have no idea just how stupid you really sound.Stupid? Well, somebody has to pay the salary of my friend, the teacher. Quote Link to comment Share on other sites More sharing options...
msj Posted November 6, 2011 Report Share Posted November 6, 2011 Stupid? Well, somebody has to pay the salary of my friend, the teacher. I'm pretty sure you need at least two tutors just to get you to grade level. Quote Link to comment Share on other sites More sharing options...
cybercoma Posted November 6, 2011 Report Share Posted November 6, 2011 I wanted to come in here and say that Yahoo! is a lame duck, so I have no idea why they would put their eggs in that basket. Then I noticed that Microsoft is part of the bid. Microsoft operates Bing. What would Microsoft do with Yahoo! if they bought it and where would that leave the CPP. That's the question. Quote Link to comment Share on other sites More sharing options...
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