There are thousands of hedge funds in the country, and new ones are set up every passing day. People who are keen on saving for their retirement think about them as one of the best ways to invest. However, it is emerging that not as many weigh the cost of investment in the funds against the potential benefits. Warren Buffet Spoke about the investment and didn’t seem to have a lot of confidence in the current state of the sector. He claimed that he could make more money investing in an S&P passive index than the people who were investing in the hedge funds. The statistics that have been released from the hedge fund markets show that Warren has a valid point.
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Other financial experts have come out to support the claims of Warren Buffet. Timothy D. Armour, the man in charge of the Capital Research and Management Company, stated that the services that were being offered by some of the hedge funds are too mediocre compared to the quality. He also talked about the issue of people making an investment choice simply because others are doing it. He advised people to take time, look for an investment vehicle that is best for their particular situation and follow it up for the maximum benefits.
Tim also believes that building an investment portfolio is an activity that takes time and should be carried out from the ground upwards. He confirms that this is the ideology that he has built his company with for the past three decades.
About Tim Armour
Tim has been working as a financial and investment advisor for the previous three decades. He has also been an equities portfolio manager at the Capital Companies. He studied economics at the Middlebury College and has been in the industry since 1983.