In the investment world, May 1st is a notable day. It was on May 1, 1975 that the Securities and Exchange Commission deregulated the brokerage industry. For the 183 years prior to that, trading commissions on the New York Stock Exchange had been fixed at uniformly high rates. But when deregulation [...]
640 and counting
HumbleDollar editor Jonathan Clements once made this observation: “Investing is simple,” he said, but then added: “To be sure, you can make it ludicrously complicated.” And Wall Street isn’t making things any easier. According to a recent analysis by Bloomberg, the fund industry rolled out more [...]
Should You Invest in a Private Fund?
Are hedge funds a good investment? To answer this question, we can look at three well known funds as case studies. The first is Renaissance Technologies. Renaissance was founded in 1982 by an academic named James Simons, who had been chair of the math department at Stony Brook University and, [...]
COW to KARZ to FANZ
Jim Cramer is a retired hedge fund manager and host of “Mad Money,” a staple of financial television. For years, critics have derided his investment recommendations—to the point that there’s now a fund designed specifically to bet against him: the Inverse Cramer Tracker exchange-traded fund (ticker: [...]
Five tips to build a sensible portfolio
Last week, I talked about bitcoin and argued that it wasn’t a great investment. The reality, though, is that only a minority of investors hold cryptocurrency. That’s a good thing, in my opinion. But still, there are many other ways to go off track in building a portfolio. In fact, if I ever wrote [...]
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