Replies to post #554871 on $Stock*Shop*Charts*News*Option$

[Tuff-Stuff]

BigPicture<>Performance fee baloney.

by Guest Author - December 22nd, 2014, 7:00am

The Banker’s Umbrella began in January of 2013, and as it turns out it seems to have become rather popular. The Banker’s Umbrella is loved by many and hated by a few. Not bad for one (former) banker and a laptop.


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When an adviser’s salary is dependent on gaining the maximum amount of profit, in as short an amount of time as possible, with your money, then they will, 100% of the time, to use a term from poker, go all-in. In fact performance fees are an all-in all the time way of playing poker with your money.

Full @ http://www.ritholtz.com/blog/2014/12/performance-fee-baloney/