Michael, A kind word of advice. As you know Quadriga is a trend following fund and they are currently riding all these commodities making all time highs. The fund has had a huge run the last 5 months because of this. I would be careful about entering at these levels. Now if your going to put in money every month it's not that big of a deal. But like I said, it's not uncommon for this fund to have 15% drawdowns and I'm sure we are due for one pretty soon. So just be careful if that 5k is all you intend to put in. Like I said if you have more money to add during drawdowns its not a big deal. I'm just looking out for you and I would hate to see you rush in and take a 15% hit right off the bat.
Mav.....you can only add 3k a year in a Traditional IRA per person or 3,500 in my wifes case... I have tax due so I am trying get it ruduced with 45% on the dollar! don't they short too? Michael B.
Yeah they short, but like I said this fund has had a huge run the last 5 months. I love this fund as much as anyone but it can't go straight up every month, there will be pullbacks and we haven't had one in a while so I'm just saying be careful. I think the fund is up close to 50% the last 5 months.
Mav...thanks again. I will probably just let the wife open there at sterling-quad... I will diversify my account with something a little more conservative... Good points.....great thread..... Michael B.
Ok.....what are you guys doing with my husband!!!! where is he putting my money for our retirement! A HEDGE FUND!!!!!!!!!!!!! Absolutly not! Wifey...
a r e y o u a l l g o n e c o m p l e t e l y m a d ? i s t h i s s o m e s u p e r s m a r t g u y d o i n g s u p e r m a r k e t i n g f o r a s u p e r f u n d ? save your breathe and do not answer to this post. i am away from this insanity.
SUPER MAV: What happened? You got cold feet all of a sudden? I thought you were a long term holder. I suffered a drawdown.....remember last March? I doubled down. What did you do ..... study the website?Anybody that is worried about $5 Grand does not belong in a Managed Futures Hedge fund. PERIOD. In their IRA?..... This thread is a joke and so are you. I am glad you have read the offering and memorized it for regurgitation. Now I know who to call when Max is busy. You pound the table for 3 days that QUADRIGA FUNDS are the best thing since sliced bread and now you woke up that it is a volatile vehicle and may or may not be appropriate for everybody!
Ebo, Mav, and whomever else responded with informative replies: Thanks for your responses guys. I didn't expect for the thread to turn into what it unfortunately has; some good info, lots of junk. Like most other threads. Thanks again. Have a great weekend all!