Hedge Funds: Luxury Prices For Lousy Investments

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. 

Read the Canadian Business Magazine article

Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School and Millionaire Expat: How To Build Wealth Living Overseas. My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions.

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4 Responses

  1. Loydis says:

    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.



  2. E says:

    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?

    • 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.



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