> Sam wrote: > What about the Martha Stewarts that have empires to run and brokers to > make sure they stay rich. If you have money the market can be a full > time job keeping up. > > Just asking not attacking. >
Unless the Marthas enjoy managing their money they retain a "private wealth management" advisor. All of the big firms have them, for example MorganStanley. Their cash is basically where hedge funds and PEGs come from. The wealthy, either personally or via a PWM, send a few million to a hedge fund or PEG and they then use the cash to buy companies, or major shares of companies. The people that do the managing usually cut their chops in mutual funds or at Investment Banks, like Vanguard or Goldman, and then go off to start their own funds. Sometimes they come from companies that do a lot of commodity trading like Cargill. It's these big managers that really control the market since with a single trade they can change a stock price by a significant amount. For that reason it's also controversial. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:194364 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
