Quote: (03-03-2012 08:18 PM)CGS Wrote:
Quote: (03-03-2012 07:26 PM)MikeCF Wrote:
If you're 30 years old, liquid one million, no kids or spouses....What would you do?
That makes you an accreditted investor, the world is your oyster. How much finance knowledge do you have? I would say find a hedge fund that you can drop some of that into.
Hedge funds aren't a guaranteed way to make money. Many lose money. Many blowup, implode, or shut down. And on average they take 20% of profits and 2% management fee. Liky mutual or other funds, will have other normal expenses that can match or exceed the management fee. Many even if in a loss position will still restart taking 20% of profits after 2 or 3 years.