6 Months Are Responsible For All of the Gains in the U.S. Stock Market Since 2000

In the 1987 film Wall Street, Bud Fox, a rising stock broker looking to win over the legendary financier Gordan Gekko, says: "Life comes down to a few moments.  This is one of them." Little did he know how right he would be about not only personal success, but also investing success.  This week's post uses U.S. … Continue reading 6 Months Are Responsible For All of the Gains in the U.S. Stock Market Since 2000

How Hedge Funds Get Rich (Hint: It’s Not Their Returns)

I used to think that those that ran hedge funds got rich because of their incredible returns.  Then I heard about the 2 and 20 fee structure that most hedge funds charged.  The typical hedge fund fee structure (historically) is 2% of assets under management and 20% of all positive returns.  Therefore, if you gave … Continue reading How Hedge Funds Get Rich (Hint: It’s Not Their Returns)