Oct
19
2012
People who are rich enough to be deemed “accredited investors” qualify to wade into hedge fund waters.
These are investment products deemed superior, mostly by myth, rather than by reality. If you aren’t wealthy enough to swim in these waters, count yourself lucky.
As I detailed in my latest Canadian Business magazine article, the joke is on the big fish who swallow these worms.
Permanent link to this article: http://andrewhallam.com/2012/10/hedge-funds-luxury-prices-for-lousy-investments/
Many people aren't comfortable talking about money. It's not usually a conversational dinner-time topic, and its principles are rarely taught in schools. My goal is to have a "conversation" about it here, on this blog. If you read something you find intriguing, please comment or ask your questions!
I am also the author of the book: Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned at School.
If you'd like to find out more about my investing philosophy, read my "Nine Laws to Financial Freedom."
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4 comments
Loydis says:
March 3, 2013 at 4:41 pm (UTC 8 )
Hi Andrew,
I have been investing in index funds for the last 10 years. I am lucky to be investing in the ultra low cost TSP offered by the federal government.
I purchased a copy of your excellent book. My only regret is that I didn't start investing sooner. You are officially one of my investing mentors.
Cheers,
Loydis
Andrew Hallam says:
March 5, 2013 at 4:56 am (UTC 8 )
I'm honored Loydis. Thank you!
E says:
March 7, 2013 at 2:10 pm (UTC 8 )
Andrew, should the DOW being at an all time high make me want to move some of my assets over from the stock indexes to protect the recent gains? possibly weighting the bond index funds more heavily? or doesnt matter?
Andrew Hallam says:
March 7, 2013 at 3:52 pm (UTC 8 )
Hi E,
The level of any stock (or the Dow itself) should be relative to the earnings of the company (or in the case of the Dow, the companies). The U.S. market's price to earnings ratio, based on the Dow, is currently cheaper than it was for the latter half of the 1990s, and cheaper than most of the past decade as well, with exceptions being 2003 and 2008, and for a short while in 2010. Please don't get fooled by journalists into not thinking of the market as a representation of the businesses within it.
Cheers,
Andrew