Monday, July 20, 2009

Goodyear Tire & Rubber 401k PSDS Scan 12/31/2008

















Another plan hurt by company stock and the 2008 market. The result is a so called Balanced portfolio invested 100% in the GIC option. The employees as of 12/31/2008 had 54.1% invested in the GIC option and 4.9% in GT stock. The 5yr stock performance is a poster child for how volatility kills compounding. The 5yr APR average was 16.3% and the annualized 5yr APR was
-5.31%, its simple arithmetic.

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