Insider trading isn’t legal for you, just for Congress. They can trade on inside information. So it should come as no surprise that in the years since 2007, when all of America lost money in the stock market, congressmen were up 30% per year as a group.
And it should also come as no surprise that an enormous amount of money flows from hedge funds into and around the political system. In 2009, Larry Summers, former Secretary of the Treasury, was paid $5.2mm in compensation from the Hedge Fund D.E Shaw, plus hundreds of thousands of dollars in speaking fees at financial institutions like Goldman Sachs, Merrill Lynch, and Lehman Brothers.
Right after being paid millions of dollars from hedge funds, Larry Summers was chosen as the Director of US Economic Council under President Obama. He was even a possible candidate to take over Ben Bernanke’s position as Chairman of the Federal Reserve.
While this makes hedge funds look pretty bad, it doesn’t even begin to approach the truth -about what’s happening. The truth has been hidden from the individual investor, until now. Because one hedge fund insider has finally decided to “blow the whistle” on how hedge funds are taking your money… even if you don’t invest in them!
He’s just published an exposé called:
The Great Hedge Fund Heist: A Hedge Fund Insider Blows the Whistle on the Greatest Scam Ever Sold.
Discover How They’re Taking Your Money Even If You Don’t Invest In a Hedge Fund
You can get your report here
This report comes from James Altucher. James Altucher was the managing director of Formula Capital, an asset management firm and fund of hedge funds. He’s written five books on investing: Trade Like a Hedge Fund, Trade Like Warren Buffett, SuperCash, The Forever Portfolio, and his latest book, The Choose Yourself Guide To Wealth. He currently writes at Jamesaltucher.com and has released a newsletter, The Altucher Report.
Mr. Altucher is the founder of Stockpickr.com, a social network for finance that had millions of unique visitors per month when it was sold to TheStreet.com in 2007. He has written over 200 columns for The Financial Times and has written for TheStreet.com, Forbes, Yahoo Finance, Fidelity.com, and other publications. He was also the founder of a web services firm, Reset Inc, which he sold in 1998, at which time he became a partner at VC firm, 212 Ventures/Investcorp. Mr. Altucher regularly appears on CNBC, Fox News, Fox Business, and CNN Radio, and is also in his spare time a nationally ranked chess master. Mr. Altucher received his BA at Cornell University and attended graduate school for computer science at Carnegie Mellon University.
Get this FREE REPORT from James Altucher Here