Quote from jdeezero05:
Most accredited investors are accredited
because they aren't stupid with money. [/B]
yes, here are a few of those really 'not-so-stupid' accredited investors, putting their hard-earned money to work with the likes of managers with superior results and stellar pedigrees.
http://www.housingwire.com/2007/08/13/more-hedge-fund-trouble-goldman-puts-up-3-billion/
http://www.businessweek.com/globalbiz/content/sep2007/gb20070911_674570.htm
http://www.star-telegram.com/business/story/937011.html
one can certainly add the legions of investemnt managers that oversee the tens of thousands of pension fund plans, with those 'safe' portfolios chalk-full of 'balanced' assets, that include global markets, bonds of every stripe, some alternative investment vehicles, real estate, etc. And to be fair, lets not leave mutual fund managers out of the mix, or 'others', like Ken Fischer, for example...surely their investment acumen is shining thru like a beacon.
seems they have everything in there but downside protection.
wtg, masters of the universe one and all
if you ask me, the so-called smart money crowd are currently the most scared group of investors, as their losses are as a group nothing less then monumental, as their assets are being torched, and they watch with horror as their 'way of life' is being threatened.
before this is over, we will see some big-name folks, that can be considered to have belonged in the 'accredited investor class' forced into beggary.
trickle down economics, anyone?