Last year, Apple and Microsoft accounted for 1/3 of the Nasdaq 100’s great 37.8 percent year. If you listen closely you can hear 1,000 hedge funds closing.
I was smart enough to own Apple but do not own Microsoft.
No wonder more and more people turn to indexing and simple asset allocation when it comes to public market investing. If you can’t beat ’em…join ’em.
Last week these two tweets appeared back to back in my timeline and caught my attention.
I am not recommending 3x leverage Nasdaq 100 as a buy and hold strategy (most of us would have been sick with the many 30-50 percent over the 10 year period), but you can see why fewer and fewer people want to pay 2 and 20 for access to hedge funds.
Today Vanguard Joined the ‘free trading’ club to start the new year.
We are all hedge funds now!