A quest for smarter saving, spending, and investing
A couple nice primer articles on liquid alt funds:http://www.convergex.com/the-share/papas-got-a-brand-new-liquid-althttp://www.convergex.com/the-share/liquid-alts-the-long-and-short-of-it
@SST: After reading those articles, I'm fairly confident that most investors would be best off if they had never heard of liquid alternative funds.
The inflows will definitely be fuelled by short-term reactive behaviour instead of planned proactive investment. Just like with mutual funds, there will be a handful of authentic and reputable funds which provide real value, the rest will merely suck up investor's money. But interesting and maybe worth a look if you are into that kind of thing.
Well done Michael, the double April Fools' joke. The true fund that should be a joke.
@Gene: Glad you liked it.
Interesting that it has a minimum requirement of $250,000 to invest. It seems like Vanguard wants to be clear on who this is not intended for.
@Richard: Good observation. I'd add that it's probably not a good idea to invest $250,000 or more either :-)
I'm shocked! Jack Bogle will not be happy about this, I would think!