Agreed, but this fund, portfolio and hedge fund managers don't get rich from trading their own money. They get rich from excessive fees and bonuses in good stock market years. Pity, because they generally have to do less in those free ride years than in more challenging times like this year. It's a HUGE con, these fancy suits. Why the hell people think your successful if you drive an expensive car and wear fancy clothes is beyond me. All show, and very little substance. I have a friend that owns 8 properties, some business and some residential, all paid for and he drives an old bakkie and 90's BMW bike. Yes he owns a few vintage bikes and a vintage car or two, but just looking at him, you'll never know he's wealthy. How did he do it - property over 25 years. He lived well under he's means and invested over a long term period and that's really it. As soon as you have property paying off more property you're well and away. The time it takes to pay off bonds get shorter and shorter. He's now in a position to add a new property every 3 years, and it's getting shorter. Simple and effective. You need two things to achieve this patience and dicipline, much like investing.
