CPP 世界上最大的养老金之一投资阿里巴巴集团

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CPP 世界上最大的养老金之一投资阿里巴巴集团

Canada Pension Plan which said last week it earned 18 per cent — its best showingsince it began stock market investing in 1999.

10 CPP investments that may surprise you:
Chinese e-commerce giant Alibaba Group

40 student residences in the U.K.
21 ports in England, Scotland and Wales
Luxury U.S. retailer Neiman Marcus
First Canadian Place and RBC Plaza in Toronto
The 407 ETR and Grupo Costanera, Chile’s largest toll road operator
Mattress manufacturer Serta
CHC, the world largest helicopter operator
Audience measurement and rating firm Nielsen
Here’s what we can learn from their success:

Have a strategy: Many investors get distracted by current events, changing direction with the latest investing theme. The CPPIB sticks to a strategy that sees its assets stick to 65 per cent stocks and 35 per cent bonds. The stocks are a global basket. The bonds are top quality government and company issues and things that behave like bonds because they spin off cash. These include office buildings and shopping centres, toll roads pipelines and, electricity towers.

Reduce your risk: “Diversification is one of the most important components of our strategy,” says the CAAT annual report. That means spreading stock and bond investments over a variety of sectors — manufacturing, financial services, energy, consumer goods. So, when oil prices fall, other sectors pick up the slack. It also means looking beyond Canada.

Watch fees: The big pension plans rely on in-house staff to buy and sell stocks. It means they’re not paying fees to brokers and investment dealers and can get a better deal on the fees they must pay. It’s hard for us to do, but we can trade less frequently and avoid funds with high costs.

Just 2 per cent in fees makes a huge difference in the long run. Here’s an example:

A $10,000 investment earning 5 per cent a year, over 10 years, will be worth $16,289. The same amount earning 3 per cent, over 10 years, would be worth $13,439. The difference is $2,850.

Also read: How a 2% fee adds $350,000 over time

Be patient: When pension plans think the next ‘quarter’ it means the next quarter of a century. They have no life span. We can’t be that patient, but the next best option is to avoid the ups and downs by buying high quality investments and sticking with them. Be prudent, but ignore the chatter. If you had bailed out of stocks in 2009 the value of your holding would have been as much as halved from a year earlier. If you’d been patient, you’d have recovered handsomely.

摘自TORONTO STAR http://www.thestar.com/business/personal_finance/2015/05/25/4-things-we-can-learn-from-our-best-public-pension-plans-mayers.html