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0 pointsnikanj6y ago0 comments

Funds make money on failed investments too. I'd be happy to throw away someone else's money, if I got to keep 20% as a management fee - and a slice of the profits in case one of my lottery tickets is a winner.

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shagbag6y ago

Typically they'd get 2% of assets under management, not 20%.

zhoujianfu6y ago

2% a year for 10 years..

gnaritas6y ago

Which is about 18% of the original investment, not 20, assuming no gains or losses.

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