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I read about CDO's etc etc in Financial Times yesterday on the train (I usually don't read FT) and got all cold. These things just seems so... foggy, toxic, unpredicatble, financial weapons of mass destruction.

I guess it might be a good idea getting out of that great and stable hedge fund (+6-10 % per annum without exception) which I don't really understand how it works?

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Jul 4th, 2007 at 07:38:50 PM EST
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No tree grows to heaven.  No cup is bottomless.  No investment is forever profitable.  If you don't understand an investment then you don't know when it's time to take your profits and run.  ;-)  

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Wed Jul 4th, 2007 at 08:09:03 PM EST
[ Parent ]
True, true...

Still, the hedge fund in question mainly holds Swedish state bonds... Which feels pretty safe. The entire fund feels like the risk is somewhere in between stocks and bonds, no? A little riskier than bonds, but a better return too.

But who knows if they mix in all kinds of toxic crap which turns it all on its head?

Well, it feels prudent to slowly move over into bonds... Can't hurt that much.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Jul 4th, 2007 at 08:23:43 PM EST
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