US Pension Management Shifted into Stocks from Bonds Before Crash

When investing, a general guideline is that when everyone is doing something is definitely not the time to try it for the first time. Too bad the agency overseeing millions of Americans' pensions didn't go by this one.

Just months before the start of last year's stock market collapse, the federal agency that insures the retirement funds of 44 million Americans departed from its conservative investment strategy and decided to put much of its $64 billion insurance fund into stocks.

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