There’s no mystery to what the Soros funds are investing in.
And no prohibition on individuals doing the same thing.
So anybody who thinks George is always a slam dunk winner can follow in his investment footsteps (albeit on a smaller scale).
You can’t follow Soros’ timing and you cannot act on his insider information and you cannot duplicate his group of hedge funds which have the ability to move the markets. We only find out what he/they are doing after they have done it.
The information is released at the right time to get the me-toos to pile in, then the big boys start to sell before there is any real appreciation for the late-comers to harvest. Menwhile, Soros and company has had months to accumulate these assets, which are also global, at the lower prices. No way someone who can only afford mutual funds can benefit. Forex and other commodity trades take a lot of money and the moves, up and down, are huge, way too big for an average investor.
I have a relative who has worked for a couple of major hedge funds, although in executive IT support, not as a trader. He was vested in 2006. His final project before retirement was coordinating the global conference calls between Quantum and all the other funds. He knew how things worked and he was there at ground zero. He still lost 90% of everything,including his *hedge* in Lehman. At 58, he is now grateful to have his old job back at less than 50% of what he made before 2008, after killing himself working as a consultant 24/7 for a hyper 26-year-old, making about 75% of what he made prior to 2008. He was given the choice of being terminated as a consultant or taking the full-time position for much less.
This is not even mentioning that the way the vesting works for these funds is that everything is invested in the fund, you get a modest premium on the up side and agree to a huge risk on the downside.
These guys _are_ sharks. Even becoming one of their remoras isn’t much of an advantage.