This plan was also helped by company stock NFG which had a very good 2009. The Balanced portfolio invested 8.8% of the portfolio in the stock. Compared to last year the Balanced portfolio has improved and 7 of the 9 investment options are in the portfolio. The employee portfolio has 50.4% of their money in company stock producing a 5yr APR = 9.7% with a positive Sharpe ratio of 0.40 which is respectable. As always I think 50% in company stock is too much for a retiree. In this case it doubles the return but the volatility risk is up by factor of almost 6.
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