Sunday, July 21, 2013

FY-2013 Was a Good Year. Thank God for the S&P 500 Index.

According to the Comptroller's quarterly reports NYCERS started FY-2012 at $41.6B and it's going to end the year, June 30, 2013, at approximately $47.4B. How did NYCERS do so well? Simple, the S&P 500 Index went from 1362.16 to 1606.28. And for the record that performance is almost free to any investor.

1 comment:

Dave L said...

I hope to see that the COVSF shows a nice healthy change as well, that would be a nice change...