The Happy Capitalist notes that even little guys can now buy a mutual fund that follows an aggressive long-short strategy, just like the hedge funds that big guys own.
Isn't capitalism marvelous?
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The Happy Capitalist notes that even little guys can now buy a mutual fund that follows an aggressive long-short strategy, just like the hedge funds that big guys own.
Isn't capitalism marvelous?
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I am a fan of the Modern Portfolio theory of investing with annual rebalancing. It is a technique used by many huge financial institutions.
Vanguard has low cost funds that make it easy for anyone to use that theory. Their fee for an indexed stock fund is .023% a year. Their indexed bond funds charge .018% a year. Minimum investment is $3000. No in or out charges.
Vanguard charges institutions .08% a year with a minimum investment of $5 million to $200 million for the same funds.
Isn't capitalism marvelous?
Posted by: Jake | January 30, 2006 at 11:10 AM