Quote:
Originally Posted by Captain Morgan
While I agree with the sentiment of what you posted, I will say the thing that is stopping the average joe from investing in funds housed in the Cayman's is likely two things:
1. Knowing someone who knows how to get the money to the right people or personally doing the research to even discover the loophole and locating the "best" investments.
2. Most likely there is some insane minimum investment amount for those funds even if you DO find them. There are a LOT of funds that have minimum investments for the simple reason that brokers don't want to be bothered with the paperwork for "small" amounts. Even if the minimum is as low as 25 or 50k (which I'd be surprised if it's anywhere near that low), most people can't make even that size of investment because then they'd have too much of their money tied up in just one investment that likely has huge swings the average joe can't stomach.
But yes, I agree that the government has more than overstepped it's bounds in our country. We should be able to spend our money how we see fit, rather than handing a large chunk of it over to the government to spend for us.
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You don't have to go offshore to find barriers like that. If you want a single share of that hero of the proletariat Warren Buffett's good stuff, BRK-A, you better have brought six figures.