Investing in hedge funds is a lot like playing in the NFL: A tiny elite can do it and make millions while the rest of us can only watch and dream. But just as we mere mortals can coach our way to gridiron victory through fantasy football teams, now hedge funds have a "fantasy team" option too.
With Facebook shares Tuesday morning trading $7.80 below their offering price, mom-and-pop investors alone are out more than $800 million. And that's the good news. Now here's the bad: Whatever the right number is for how much we've lost so far -- get ready to double it.
Discount brokerage king Charles Schwab never actually sat daughter Carrie Schwab-Pomerantz down for a talk about the financial birds and the bees when she was a youngster. But she managed to to pick up his philosophy, passion and advocacy along the way to her own investing career.