Just For Thinking ...
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Shocking Truth on some Stock Gurus!
I realized that there are actually two groups of Stock Gurus.
Really Good Stock Gurus
- They move on to Private Equity or Investment Management to become Money or Private Fund Managers.
- They typically charge 1% management fee and 20% performance fee with high water mark.
- They don't anyhow make money from men-in-the-street. They earned their fee from accredited investors.
An "accredited investor" is defined as:
(a) an individual:
(i) whose net personal assets exceed in value S$2 million (or its equivalent in foreign currency) or such other amount as MAS may prescribe in place of the first amount; or
(ii) whose income in the preceding 12 months is not less than S$300,000 (or its equivalent in foreign currency) or such other amount as the Authority may prescribe in place of the first amount;
They called themselves Stock Gurus
- They become Master ...
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