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Author: DeltaOne81 Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 6725  
Subject: Re: Can I be my own hedge fund? Date: 5/27/2006 9:35 PM
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The fancier your financial vehicles, the less likely you are to fully understand them and everything that effects them, nevermind predict what will happen.

While you absolutely can do that, I see no reason why it would be a good idea. The best investors in the world have always promoting sticking to basic things that you understand well - Buffett, Lynch, maybe Graham (haven't read him yet).

As Buffett says, if you don't know the limits of your core compentency, you have no core compency.

Keep it simple, keep expenses down, keep movement to a minimum.
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