4 ms·
That's a remarkably accurate description of events. It's the "Springtime for Hitler" of funds. Because the fund is so bad there is no one left to hold you to ac
by wnissen 9y ago
That's a remarkably accurate description of events. It's the "Springtime for Hitler" of funds. Because the fund is so bad there is no one left to hold you to account. The incredible thing is that they could have kept it going indefinitely if they hadn't been so greedy. Just stick all the money in a basket of stocks to replicate an index fund, set annual "expenses" at right around replacement rate (3-4%), and go live in St. Barts.