Duke Energy has a dividend paying stock, DUK, many have owned including the employees. It had two bad years in a row, 2007 and 2008, which took the 5yr APR performance down to minus 2.25% which hurt 401k plan performance. The employee portfolio on 12/31/2007 was heavily invested in the stock. The Balanced portfolio is 76.9% invested in the money market fund repesented by VMVXX in the scan. The State Street Global Advisory - Conservative Balanced Fund, SSG.csb in the scan, was also in the Balanced portfolio.
No comments:
Post a Comment