7 Reasons Hedge Funds Suck

The following is a summary of points I found in ‘The Hedge Fund Mirage by Simon Lack. Simon spent an entire career on Wall Street as a trader or providing ‘Seed Funding’ to Hedge Fund managers. The goal of his book is to inform investors and provide some transparency to the Hedge Fund Industry.

Feds and Vets, thank yourself that the TSP prevents you from stepping in these Hedge Fund land mines below:

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Thrift Savings Plan Guidance for Federal Furlough

TSP’s Executive Director is having a change of heart.

Recently the Federal Retirement Thrift Investment Board (FRTIB – the group who runs the TSP) announced that it will finally (and they really mean it this time) consider adding a Mutual Fund Window option to the TSP.    FRTIB is commencing a study that will last through 2015 on how best to implement the Mutual Fund Window option.   Continue reading


Analysis of MyRA Account
Good? Bad? I’m the Guy with the Gun!

Recently POTUS signed an executive order creating the MyRA Retirement Account.

It acts like a Roth Account, with a maximum value of $15,000, and a maximum income eligibility limit of $191,000 per household.

It makes sense to create another option for individuals saving for retirement. We don’t have enough retirement options for individuals/small business owners right now: Continue reading