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Wall Street

Wall Street

Why Investors Shouldn't Bother with Hedge Funds Anymore

They call Wall Street's big hedge fund managers the "Masters of the Universe," the ultra-wealthy, extremely powerful, undisputed lords of finance who seem to exist in a gilt world that consists solely of London W1, the Upper East Side of Manhattan, and Greenwich, Connecticut.

But… all is not well in the ivory tower. The "Masters of the Universe" just might be an endangered species.

The financial media has been pumping out stories about struggling funds, disgraced managers, and fleeing investors, all quoting high-profile critics of hedge funds. Even the old Occupy Wall Street gang, jarred by the media from their long nap, is back with a new movement: "Hedge Clippers."

That's not just noise. There's a good reason for the growing widespread discontent with the antics of Wall Street's legendary "hedgies." Investor patience is running out. 

But luckily for us, the hedge funds' fall from heaven is likely to be a godsend to independent investors.

But first, a full disclosure: I used to be a hedge fund manager, so I've got an insider's view on what's happening here, and it's going to be big...

Wall Street

The Big Banks Are Threatening the Global Economy Again – Here's What You Need to Know

Global powers increasingly rely on big banks to facilitate government borrowing, fund loans, and underwrite economic growth, among other things.

And once again, they're headed for trouble - here's how they could drag the entire global economy down with them...

Earnings

You Won't Believe What Wall Street Gets Away with During Earnings Season

When it comes to earnings, everyone on Wall Street is playing a game with your money. It's called "hide the earnings" – and it's totally legal.

Here's how the Street gets away with it - and what it means for your investments...

Wall Street

Elderly Wall Street Criminal Slapped with 20-Year Prison Sentence

Wall Street criminal Stephen Walsh lost his appeal to have his hefty prison term overturned yesterday.

The former financial advisor managed to bilk investors of a combined $554 million along with a colleague of his.

Here's how the fraudster spent all that cash...

Wall Street

The Newest Fiduciary Rule Could Up Your IRA Fees (Among Other Things)

Starting next April, all brokers will work under a new fiduciary rule. Understanding this change could save you a fortune – and your retirement.

Get up to date with this breakdown of the new fiduciary rule, including what the rule changes are and how they'll impact your money...

Technology

The Worst Bet Wall Street Has Ever Made

Wall Street's $1 trillion short position is the biggest bet of its kind since at least 2008. This pessimism has created a lucrative profit opportunity.

To beat the pros, bet against them with this investment - it's already beaten the markets by 77% over the past two years...

Wall Street

Goldman Sachs' History of Baloney Settlements with Uncle Sam

Goldman Sachs' agreement to pay $5 billion at the government's behest on Monday is just another notch in Uncle Sam's loose belt.

In fact, the government has a history of lax settlements with the Wall Street investment leviathan.

Here's exactly why, once again, Goldman won't really suffer...

Wall Street

These Hidden Perks in the New Goldman Sachs Settlement Make Us Sick

Goldman Sachs settlement with the DOJ boasts a massive $5.1 billion payout.

But the deal's fine print suggests the Wall Street leviathan won't be paying nearly that much.

Here's a look at the tax credits and incentives Uncle Sam is granting Goldman Sachs...

Bitcoin

New Bitcoin Price Prediction by Needham Puts Value at $655

Another Wall Street firm has made an eye-popping Bitcoin price prediction.

This time it's Needham & Company, which has issued a report that says the Bitcoin price should be $655, about 57% higher than the current price.

Better still, Needham sees demand for Bitcoin rising over the next four years.

And it came up with this surprisingly high Bitcoin price prediction for 2020...

Wall Street

The Truth About Non-GAAP Earnings – You're Being Deceived

A growing number of Wall Street experts have become increasingly critical of companies highlighting adjusted earnings. Also known as non-GAAP, these adjusted earnings are repeatedly being used to deceive investors…

Here's why non-GAAP earnings differ so dramatically from GAAP earnings, and how you're being deceived...