mickeyd
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
http://tinyurl.com/mcfw8
You can’t have escaped hearing about hedge funds. Wall Street is gearing up to provide registered product and fund of funds to the middle class investor. To hear the marketers tell it, they are the next big thing. The story sounds wonderful. All you have to do is suspend disbelief. Like Alice, you must simply believe six impossible things.
"Alice laughed, 'There's no use trying,' she said, 'one can't believe impossible things.' 'I daresay you haven't had much practice," said the Queen. 'When I was younger, I always did it for half an hour a day. Why, sometimes I've believed as many as six impossible things before breakfast.' "*
There are serious questions of custody, transparency, risk control, disclosure and registration in almost every hedge fund. Let’s forget all that for a moment. That leaves us with one remaining nagging problem. But, it’s a Whopper: Where’s the beef?
I admit that I have made little effort to educate myself about hedge funds, much less, invest a portion of my hard-earned stash in one of them. I guess I'm waiting to read something inspiring about these funds and maybe understand how they can fit into my AA. So far I have not been motivated.
Has anyone on this board invested in hedge a fund(s)? If so, what motivated you? Has it been a successful venture?
You can’t have escaped hearing about hedge funds. Wall Street is gearing up to provide registered product and fund of funds to the middle class investor. To hear the marketers tell it, they are the next big thing. The story sounds wonderful. All you have to do is suspend disbelief. Like Alice, you must simply believe six impossible things.
"Alice laughed, 'There's no use trying,' she said, 'one can't believe impossible things.' 'I daresay you haven't had much practice," said the Queen. 'When I was younger, I always did it for half an hour a day. Why, sometimes I've believed as many as six impossible things before breakfast.' "*
There are serious questions of custody, transparency, risk control, disclosure and registration in almost every hedge fund. Let’s forget all that for a moment. That leaves us with one remaining nagging problem. But, it’s a Whopper: Where’s the beef?
I admit that I have made little effort to educate myself about hedge funds, much less, invest a portion of my hard-earned stash in one of them. I guess I'm waiting to read something inspiring about these funds and maybe understand how they can fit into my AA. So far I have not been motivated.
Has anyone on this board invested in hedge a fund(s)? If so, what motivated you? Has it been a successful venture?