Saturday, October 3, 2015

There's a Sucker Punch Born Every Minute

June 1, 2015

I'm not, but I found a terrific financial advisor at Interactive Brokers Investors' Marketplace. He manages my account and built the perfect portfolio for me. Put me into a couple of hedge funds that are doing great.

That was then. This is now.

October 2, 2015
REFILE-U.S. hedge funds brace for worst year since financial crisis

September's sucker punch in the biotech sector, on top of a grim August when global markets tumbled due to fears about slowing growth in China, have pushed many hedge fund managers deep into the red.

Perhaps Interactive Brokers and the hedge funds should have hedged their bets. Just sayin'.


Rob Dawg said...

It's only a sucker punch to the biotech sector -if- you went into the biotech sector on advice of your broker.

Stagflationary Mark said...

Rob Dawg,

The "broker borg" must assimilate net worth into its collective.