OT-Institutional Money Management
So, I sold my business recently and find myself with a pretty fair size amount of money. Not buy a yacht and never work again kind of money, but enough.
I have been advised by some to just invest it in ETF's or index type mutual funds. But I have also been advised to give it to professional money managers. These money managers get 1.5 to 2% of invested money annually. This seems like a pretty steep fee to pay, but the returns net of fees seem to outperform the simple, but free ETF's and mutual funds.
I know a good bit about business, but not so much about investment. I have a feeling someone here could help me out. Let's see.
|