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by sethg
6248 days ago
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I'm pretty sure that my 401(k) is sufficiently diversified that even if its GM and Chrysler bonds turn to kindling, it won't affect my retirement. (The Vanguard Long-Term Bond Index Fund, for example, out of $2.7 billion net assets, appears to have a little over $4 million in Chrysler and nothing in GM.) GM and Chrysler retirees are not so lucky. |
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