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Originally Posted by MikeWaters
Financial advisor says that when my accounts are a little bigger, that I ought to convert part of my portfolio to institutional money managers. He says the rate of return is much higher than your standard mutual funds, (thereby offsetting the 2% they shave off).
He couches it like "you and Mark Cuban dont' have the same investment opportunities, this is a way to get into the same trading arena as the big money."
What do you guys think?
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I think it's crap, unless the institutional money manager is Dimensional Fund Advisors and you have more than $1M to invest with them with a long horizon.