Hey Big Winner! Wanna Invest in a Hedge Fund?

Reply #6

garyo1954 — Mon, 15 Aug 2022 15:59:13 GMT

Your lawyer calls and says that a Hedge Fund manager contacted her and asked her if you were interested in setting up a meeting to discuss investing in his fund. Would you/should you agree to the meeting?

Thieves, scammers, pirates and manipulative money managers is the reason they have to contact my lawyer to speak with me. I expect the lawyer to do due diligence and sus out the people I don't need in my bank account.

I think the larger question is; Would a hedge fund manager be wil... [ More ]

Reply #5

GiveFive — Mon, 15 Aug 2022 15:35:29 GMT

I couldn't agree more with you if I had to. Everything you wrote is true. The downside to brokerage houses where you invest on your own is they're probably discount brokers that don't offer any advice to clients anyway. (like e-Trade).

There isn't anything wrong with investing on your own. But then many have tried it and failed miserably as have professional money managers. Nobody has a crystal ball. My only point is that people who have little to no financial knowledge are probably g... [ More ]

Reply #4

ddude003 — Mon, 15 Aug 2022 14:15:40 GMT

A hedge fund is the last place I would invest my funds... What you have said above is one of many reasons not to get involved with a hedge fund... I would just steer clear of the orthodox financial community where fund managers get fees regardless of performance... I does not take rocket science to learn about the markets and make your own decisions on how to invest... If this is even the direction a lottery jackpot winner wants to go... And there are plenty of brokerage houses where you can mak... [ More ]

Reply #3

GiveFive — Mon, 15 Aug 2022 13:13:27 GMT

How uncool is this? Replying to my own post....

The real question is this; Should a hedge fund manager accept money from an individual who he knows probably does not totally understand how risky investing in a hedge fund is, yet still the individual is qualified to invest? My guess is the hedge fund would take the money.

Let's say the big winner was an average middle class person, had a mortgage, makes $60,000 a year, married with two kids, saves for their retirement with a 401k etc. Bec... [ More ]

Reply #2

GiveFive — Mon, 15 Aug 2022 02:22:17 GMT

Opening an account with a brokerage firm doesn't guarantee anybody anything.

Horror stories abound about people investing with a crooked stock broker that was employed at a big name brokerage firm. All anybody has to do is watch a few episodes of CNBC's American Greed to see how big brokerage houses have employed scam artists that preyed on unsuspecting investors. Think Bernie Madoff. G5

Reply #1

ddude003 — Mon, 15 Aug 2022 00:45:43 GMT

Why would you give your money to a total stranger aka a money manager ... Open an account at a brokerage and buy some stox that give the stock holders a decent return on investment... Think dividends... There are lots of ways to invest in the markets... Hedge with metals...

Hey Big Winner! Wanna Invest in a Hedge Fund?

GiveFive — Sun, 14 Aug 2022 14:59:29 GMT

Suppose you just won 120 million dollars playing PowerBall.

Lots of people are trying to reach you, including money management professionals. You want to be smart and do the right thing with your money so as not to squander it all. So you decide that you that want to become an investor, you want to keep an open mind, so you tell your lawyer that you'll agree to talk to various investment professionals.

Your lawyer calls and says that a Hedge Fund manager contacted her and asked her if yo... [ More ]