The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:You'll Never Guess What Gross' 401k Substitute Is Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 01, 2015

You'll Never Guess What Gross' 401k Substitute Is

News summary by MFWire's editors

Bill Gross may have just come up with the most original 401(k) alternative ever: the shower plan. Oh, and he also just might be on the side of the banking regulator types who want to bring their fun regulation to the asset management space.

William Hunt Gross
Janus Capital
Portfolio Manager
The Janus [profile] fixed income guru's shower plan goes something like this. Find a nice cliff, or mountain, or somewhere else with a view you like. Build your own house on a spot with a view. When designing your shower, include a window that lets you enjoy that view. Decades later, sell tickets to those in search of a divine shower experience.

"When it comes to retirement, I don't think we'll need our 401Ks," Gross writes in his July investment outlook, released yesterday. "We'll just sell tickets to our shower."

Gross devotes a solid three paragraphs to the water crisis in California and to his shower, which he calls "the world's greatest" thanks to its view.

Gross spends the rest of the column worrying about liquidity of a different sort. He brings up the SIFI (systemically important financial institution) fight, and seems to sympathize with banking regulators who want to add new regulations on mutual funds and ETFs, and on the firms that run them. He wonders if "too important to neglect" will replace "too big to fail" in common parlance.

"Down the street from PIMCO [where Gross once reigned supreme], I must openly acknowledge that helping to turn Janus into one of these 'too important' companies is one of my objectives, as it is for CEO Dick Weil," Gross writes. "But that day lies ahead of us."

Gross' musings continue to attract lots of media attention. Barron's, Business Insider, ETF.com, MarketWatch, Reuters, and the Wall Street Journal all covered his latest outlook column. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use