From: Al Lundy
Le us begin to create some rules for change that benefit the less fortunate investor as opposed to the rich. The rich as you suggest have people to help them analyze what action they should take with respect to investments. I am a stock investor and have always managed my own portfolio. I do so because I refuse to pay the upfront fees that funds charge both in and out of the fund. It is laughable to think that our Congress has nothing better to do than to figure out how to give the rich (and some of you are) another edge over the not so fortunate. The not so fortunate are the very people who you campaigned hard to to get you elected. now that you are in the driver's seat, you turn your attention away from them and to the rich, rich, rich. Encourage the big hedge funds to create a small hedge fund which can in turn be invested into a large fund. Be very clear about the risks and have everybody sign the appropriate disclosures and risk forms. Put it in big bold letters so no one can say I didn't know. "I was dumb". Well I hope you will modify the hedge fund rules to give the small investor an edge. C"mon. It's our time.
Albert Lundy, Realtor