Invest With the Upper Crust and Sometimes You Just Get Crumbs

Posted by jasonzweig on Jul 2, 2020 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Alex Nabaum

By Jason Zweig | Updated June 19, 2020 3:41 pm ET

Investment performance can be fleeting, but fees are forever.

That’s the lesson from a recent reversal at a prominent fund. Chaotic markets can cancel years’ worth of gains in days, but expenses don’t dwindle when profits disappear. And, new research shows, those costs can be even higher than they look.

Consider SkyBridge Multi-Adviser Hedge Fund Portfolios LLC, a fund of funds, or a basket of hedge funds that are run by about two dozen different managers. Normally you’d have to put up millions of dollars to be allowed into any of these portfolios, but you can invest in them through SkyBridge with as little as $25,000.…

To read the rest of the column:

https://www.wsj.com/articles/invest-with-the-upper-crust-and-sometimes-you-just-get-crumbs-11592585413

For further reading:

Books:

Benjamin Graham, The Intelligent Investor