I guess, I only heard the small details. This is too crazy. I guess, this gives us something to shoot for... LOL. Imagine having 2 porn stars come over during lunch hour.....
Look, it's a small thing, really no big deal, but the term investing irks me You don't invest in a mutual fund anymore than you invest in the S&P emini for a half-point. It's speculation - plain and simple. What's the problem with calling it what it is? OK, I got it off my chest, and you can now return to the topic at hand.
What a great article - great read. There are so many scum-bags around its depressing. Any would be hedge fund investors should read that piece. As a sidebar, don't you find the "accredited investor" rules ridiculous? i.e. if you have a certain net worth and make a certain amount of money per year you are deemed to be "sophisticated". This article points out the fallacy of this - a celebrity hairdresser was one of the investors! If I were a lawmaker, I would want a "demonstrated knowledge" test for an accredited person so that rich and ignorant retirees don't get bilked.
Aaron, You'll have to read the book, or at least get hold of a copy of his client newlsetter, Portfolio Strategy Letter. Worth it if you have long-term investments. Tampa - personally, I think its better not to confuse trading the S&P for half a point, which is not investing, with investing in instruments for long-term gain. Of course, you might invest in a fund that trades short-term, or even trade mutual funds. I'd agree that all trading & investing is speculative by nature, but still important to be clear about the difference between the two. J.
almost on topic. they just haven't failed yet. like to get an idea if this outfit is sound. to me it looks ok. just the fee structure seems outrages. http://www.quadrigafund.com/english_new/default.asp or any other idea on long term investments besides mutual funds, which I can't stand. thx