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How an Exclusive Hedge Fund Turbocharged Its Retirement Plan


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must be nice..."on the future earnings of a fund that averaged a 71.8 percent annual return, before fees, from 1994 through mid-2014" that is insane.

 

Between January 1993 and April 2005, RenTech’s flagship Medallion fund had only 17 losses out of 148 months. The yearly Sharpe Ratio has been recorded at 1.68 and the Medallion Fund had never a down year in its history.
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Pretty cute, but legal. And there is some risk clearly: if Medallion crashes, employees could lose that money. "Past returns are no guarantee of future results" and all that. ;)

 

I know I might sound socialist here but maybe we should cap how big Roth IRAs can grow to? 10m? 50m? 100m?

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Pretty cute, but legal. And there is some risk clearly: if Medallion crashes, employees could lose that money. "Past returns are no guarantee of future results" and all that. ;)

 

I know I might sound socialist here but maybe we should cap how big Roth IRAs can grow to? 10m? 50m? 100m?

 

It's quite possible this will be done in the future.

Edit: this might be a reason to keep a mix of Roth and traditional IRAs and not convert everything into Roth even if it looks best right now.

 

Disclosure: most of my money is in a mix of Roth and traditional IRAs. I might be impacted if Roth gets taxed in the future.

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patmo, I get that you don't like hearing quotes from Warren Buffett, but you surely must know how to spell his name by now.

 

Did you see the fees they charge? Dang!

 

What do you mean? Bufet only takes one F?

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