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Indiana needs to remove 10% of these funds from the Wall Street money managers and set up a program of investment in our state. These investments can be expected to make a reasonable rate of return. Additionally, the in-state investments should increase other revenues to state accounts, like sales and income taxes.
Your idea would fall into the category of investments that Rokita and the Republicans in the legislature want to prohibit, inasmuch as they are likely to have a lower ROI that opportunities outside of Indiana. The bottom line is the determinant factor in deciding what to invest in (unless of course a clean energy company has a better ROI that coal or gas companies, because the GOP loves dirty energy companies).
To Invest in Indiana Companies, you need to broker the deals through Wall Street, unless your’e talking about some kind of back room deal.
OK… What idiot thought it was a good idea to diversify by investing in Russia. I have some foreign diversification in my own portfolio, but all in legitimate 1st world democracies. Maybe they were getting advice from Trump or Hunter Biden?