I'm a small investor looking for +10% annual return. Managed Account, Hedge Funds, what are my options?

I heard Jim Cramer on Hardball today (02/09/07) talking about an equivalent Hedge Fund for small investors offered by Goldman Sachs. Here 's the thing, I don't want to waste my time trying to be my own hero, I want a renowned company to do the investing for me. Why is it so hard for the small guy to be part of the club? Isn't it obvious that if there were easy-to-find alternatives out there for the small investor the average Joes would inundate these type of accounts probably exceeding the combined wealthier accounts' assets?

I understand 'Gosh137', that's why Etrade or whoever should come up with a managed account for all investors. You'd make an electronic transfer, pay a fee and take the risk. There's a big market out there for small investors like me willing to take some risk or might as well just open a savings account with a 5.5% yield.

Hedge funds are not for the little guy. You need a lot of money before you can legally invest. Research mutual funds if you do not have enough money for a hedge fund. There are plenty of good ones out there. 10% is optimistic over the long run but I'm sure you can find some.

They don't get any better than Goldman Sachs so maybe this once listen to Cramer.

When you are wanting someone else to control your money it often ends in disaster. Better you should learn a little about investing a do your own thing in that realm.

That's a hard return rate to find. Hedge funds are a good bet, but risky and also most are closed to small investors. Most hedge funds are looking for a million dollar plus investment. You may be better off with a laddered portfolio of mutual funds, but again 10% is going to be hard to come by, but not possible. What dollar amount do you plan to invest?

"...the average Joes would inundate these type of accounts probably exceeding the combined wealthier accounts' assets?" Its not only how much money is taken in, it's also how much it cost to maintain each persons account. It takes the same amount of time to receive & process your check for $500 that it takes to receive and process another persons check for $500 million. Much less expense for the hedge fund serving 50 multi million dollar accounts than serving 5,000 small accounts.

Why shoot for 10 when you can get 20 or more. Give the fund International Equity Index a try. Moderate risk, big returns. Check it out. Unfortunately, it is not a Hedge fund. But who cares? as long as the returns are admirable.

You should read Does Your Broker Owe You Money by Daniel R. Solin. They rip you off for their own benifit.