Quote:
Originally Posted by MikeWaters
of course he could have been lying about the 2-3%.
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I thought you said you trusted him. He should be able to provide documents that verify his claim.
He should be able to tell you how much risk he is taking to get those returns Ask him for instance what his beta is.
For instance, Growth fund of America over the last 3 years has average 8%. That is 3.64% higher than the market. However, their beta is .94. They are beating the market that badly with 94% of market risk.