Wow… the real question is how could i have gotten into the hedge fund offered by Paulson and Co… Up 90% in a year is not to bad…
SD Realtor,
According to some of the relatives/friends that work in the hedge fund industry, several of these hedge funds aren't open to normal peoples like you and me. a lot of these hedge funds are excluded to folks that are really investors with at least tens and millions in assets. Partly, due to the risky nature of these investments.
If at all this article highlights, is the time and time repeat in american history. The rich are always a few steps ahead of everyone else, and the rich keep get richer at the expense of the poor. …I'm referring to situation in which effectively you have a wealth transfer going from the mortgage strapped people about to default to the rich who are holding on to these hedge funds take have derivative positions. Effectively, people are going to profit when these average joe's default in large numbers.
