The Little Book of Alternative Investments by Ben Stein & Phil Demuth

Author:Ben Stein & Phil Demuth
Language: eng
Format: epub
Publisher: John Wiley & Sons, Ltd.
Published: 2011-02-21T16:00:00+00:00

It Gets Worse

As if all this weren’t bad enough, the funds we want won’t even let us in. The famous hedge funds we read about are all closed to new investors. This leaves us like street urchins with our noses pressed against the frosted windowpane, watching the Norman Rockwellesque Thanksgiving banquet going on inside the club.

Talk about bad luck—here we are, wanting to sex up our portfolios, willing to forgive these managers for their sins, and now they refuse to take our money.

Admittedly, it looks discouraging. Is there any hope?

No, there is none at all.

Wait a minute—of course there is.

The Alternative Reality

We might as well concede up front that there are numerous reasons to treat hedge fund investing with a healthy amount of skepticism.

We concede it.

On the other hand, if you are a very high net worth investor with an inside track on a good fund, and you have done your 75 to 100 hours of due diligence, and are willing to take the risks along with the rewards, that fund might be just the thing for you.

If you are not a very high net worth investor, though, there is still a way for you to get some of the same benefits.

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