Actually, if you have a set amount (say $20K) that you want to dedicate to Quadriga, but you want to hedge agains a large drawdown in the B shares, it would make sense to split it between A and B. You still get some of the benefit, but hedge your risk some.
Schindler Trading accepts IRAs. But, like you say, there has to be a 3rd party custodian. You can use whomever you like, but several of our investors have used Retirement Accounts Inc. (www.retirementaccountsinc.com). It's pretty easy to open the IRA with them and the fees are $83 per year. Keep in mind that the Schindler Trading program is quite volatile and is only appropriate for risk capital you can afford to lose. If a large loss in your IRA is going to impair your retirement standard of living, please keep the Schindler Trading portion small or else stick with more conservative investments. The minimum investment for Schindler Trading (whether through an IRA or directly) is $20,000.
Snoop: Investing in The "A" shares in no way hedges you against a drawdown in the "B" shares. They are almost identical strategies. The "B" shares are more aggressive, both on the ups and downs! Just average into one or the other. Cash is a hedge to protect yourself from a drawdown not investing in a diluted version of what you are investing in. ebo
Maybe I phrased it wrong. I was simply saying if B is the more aggressive, and you have a certain amount of dollars to commit, you can divide it between the two and take advantage of owning some B, but not have the total exposure if fully invested in B. I realize they both are the same strategy - but, as stated previously the B is the more agressive - up and down. Anyway, just throwing in my .02 in response to a previous post. No harm meant.
I got their package.....I will be interested to keep track of this one...for investment in Jan 05. Any one else have any comments? Michael B.
This is good advice.....I hope someone posts the following months results here....or I guess I can visit the site.... Michael B.
If you are following this fund....go to their website and subscribe to the monthly thing. I think I did this, as that would explain why Max Haller sent me an email giving me a performance update. This is great! Quadriga is holding up during this flat month of March for the mixed bag of commodities it trades. Ok it was a low negative number for March but it is is holding up. The drawdown is to be expected after its stellar rise the last few months. Hey, I sound like I work for them! I need commish too! Move over and make room for the Savant. Michael B.