Getting Out

When it comes to hedge funds do the extremely rich know more than the rest of us? ...the wealthiest Americans have been bailing out, Bloomberg News reports. Some 38 percent of the wealthy investors surveyed had money in hedge funds in 2005. That number fell to 27 percent last year. The average balance of $1.6 million was a decline of 43 percent year over year.

Phil Anschutz said, "There is always a point that if you go forward you win, sometimes you win it all, and if you go back you lose everything, That was that (a) point for me." ......Phil is a very smart successful long term investor and makes an important point!

Planet India, a great new book states:
1) India is the world's fourth-largest economy. 2) By 2034, India will be the world's most populous on Earth with 1.6 billion people. 3) India's middle class is already larger than the entire population of the United States. 4) India is home to the youngest population on Earth, 600 million are under age 25. 5) In 1991, Indians purchased 150,000 automobiles; in 2007 they are expected to to purchase 10 million. 6) By 2008, India's total pool of qualified graduates will be more than twice as large as China's.

As the smart money is investing in growth stories with the most upside and the most tax efficient vehicles as well as the best read minds looking long term....the vast majority of investors are not...one needs to be very careful with understanding risk and how to get the best returns adjusted for all the variables offered today...it's not easy!

The global markets continue to surprise to the upside......the surprise will continue for those reading the papers and listening to the nonsense coming out of Washington.....turn your TV off!

Danny Boy seen here is staying focused on all the change being offered by the new season rapidly approaching these crazy Minnesotans.