Jump to content
remixer

The worst crash in our lifetime is coming

Recommended Posts

Not really. I mean technically that is what it challenges, but the premise is that fund managers aren't worth it. HEdge funds have, in theory, the best managers. To eliminate jackpot luck for one, or a truly exceptional manager amongst a group of supposedly exceptional managers, he groups them together. 
 
 



Disagree.

The bet is very specific to a portfolio of funds of funds for a reason. Most fund managers can at least meet indexes but the fees chip away at those returns. Hence when you put active management fees on top of active management fees or fees^2, your returns are worse than the underlying indexes.

Only the best mangers of funds of funds will be able to outperform. So if you aggregate those as a portfolio, you will do worse than passive management.

The real issue is that those funds of funds are kind of necessary as feeder funds. HFs are relationship businesses so the average joe can't just get in there - even if you meet qualifications per the SEC.


Sent from my iPhone using Tapatalk

Share this post


Link to post
Share on other sites
1 hour ago, SW9racer said:

Thoughts on a good passive balance for 15 years out?

 

What's your risk profile? Can you tolerate volatility in your portfolio?  Do you have any other sources of income in retirement besides this money?

Asking rhetorically.  If you can tolerate risk and have a back up plan, be more aggressive.  If not, most FA's would probably suggest a 70/30 approach and start scaling that back to be more fixed income vs equity.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...