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The real dangerous issue, as I see it, is good pickers trading on their edge for increased fees, because presumably they're pretty smart and can justify them ba
by warcher 9y ago
The real dangerous issue, as I see it, is good pickers trading on their edge for increased fees, because presumably they're pretty smart and can justify them based on past performance. But if the edge goes away.... you're still stuck with the fees. Caveat emptor.
Dunno. Maybe the wealthy have access to wonderful investments we don't; I certainly wouldn't know.
- sigstoat 9y agocan't be sure about the wonderful part, but otherwise, yes, there are plenty of investment opportunities available to the "wealthy" that others are generally not allowed: http://www.investopedia.com/terms/a/accreditedinvestor.asp http://www.investopedia.com/terms/a/accreditedinvestor.asp