Follow up

Well, I knew it would happen. I received some comments and questions regarding my post from yesterday regarding hedge funds. Here are some quesitons and some follow up.

1) Is there any fund in particular you are talking about in your post? No, it's just a general warning and should be applied to any and all hedge funds, trading pools, managed money accounts and the like. There are plenty of good people out there to manage your money if you choose, but unfortunately some bad apples who think they are invincible can spoil the bunch.

2) What if I already gave money to one of these nefarious cretins (words changed for emphasis lol)? Can you help me get it back? Even though I've helped some people get some money back that was robbed from them from over priced under delivered mentoring and such, I'm not an attorney, I just express my opinion and try to help traders stay away from trouble. If you have already given your money to a fund that you feel is not above board, the first thing I would do is request a withdrawal from them. If they don't allow you to withdraw your funds, contact a lawyer, but just be aware that if they took the time to set this up and know they are lying thieves, they will likely have expensive lawyers on retainer, and try to have you arrested and file injunctions against you and the like. Of course, despite telling everyone that they can't lose, they will go down in flames, but you might have to wait for your money anyway, which you will go to the lawyers anyway. If you can't afford a lawyer, contact the SEC, that will get the ball rolling much quicker.

3) Is there anyone you suggest to invest with? No, I'm not a financial advisor. Just do your DUE DILIGENCE on any and every one you are considering. DO NOT be embarrassed to ask the hard questions.

Here are some more things to consider before you give money to anyone to manage:

Transparency- Are you allowed to see where the fund stands at any time with just an email or phone call? Is there a reporting system on line for members? Don't get the brush off, you should be able to find out the true up to date performance at any time!

Lock up period- You should never agree to a lock up period longer than a few days. Those were all in fashion a few years ago, but if the money manager is doing short term trading, you should have access any time you like to withdraw your funds.

Finally, it;s important not to be embarrassed to ask these questions. It;s YOUR money, you deserve to know the answers to the questions that were talked about in these two posts. Don;t be a victim, find out beforehand.

Anything else, feel free to email me!

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