State Investments Don’t Beat Common Vanguard Fund

Small investors in Vanguard’s Wellington fund are beating the high-priced professionals running over $30 billion of state investments.  Our latest report at New Mexico Watchdog.  Translate these competitive differences into dollars and you’ll see how New Mexico has been losing out on billions of dollars in investment returns.  Maybe it would be better to convert this hoard into no taxes and then support the state off the diverse, vibrant economy that would follow.  Just a thought.