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<blockquote data-quote="Catatonic" data-source="post: 853509" data-attributes="member: 7966"><p>Almost every investment portfolio includes a hedge fund of some type. I doubt if the Congressman even picked it out. A financial adviser probably would have described it as "a fund that will protect you against downturns in the market. Your not going to make money off this and we hope you don't".</p><p>I don't like politicians much and enjoy bashing them with the rest. </p><p>There are much more credible things to fault a politician for than the fact that he has a boilerplate investment portfolio ... as I said earlier, I've got more in a hedge fund than this guy does.</p><p>In fact, I would tend to more concerned that you have the #2 person in the House and his wealth is so small that such a small amount ($1000 - $15,000) is in a hedge fund. Right now, financial advisers are suggesting 10-15% in a hedge fund - but to soften my criticism, he is younger than me and can assume more risk than I can. By the way, that's what a hedge fund does - it reduces the risk in an overall investment portfolio.</p></blockquote><p></p>
[QUOTE="Catatonic, post: 853509, member: 7966"] Almost every investment portfolio includes a hedge fund of some type. I doubt if the Congressman even picked it out. A financial adviser probably would have described it as "a fund that will protect you against downturns in the market. Your not going to make money off this and we hope you don't". I don't like politicians much and enjoy bashing them with the rest. There are much more credible things to fault a politician for than the fact that he has a boilerplate investment portfolio ... as I said earlier, I've got more in a hedge fund than this guy does. In fact, I would tend to more concerned that you have the #2 person in the House and his wealth is so small that such a small amount ($1000 - $15,000) is in a hedge fund. Right now, financial advisers are suggesting 10-15% in a hedge fund - but to soften my criticism, he is younger than me and can assume more risk than I can. By the way, that's what a hedge fund does - it reduces the risk in an overall investment portfolio. [/QUOTE]
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