3.03.2008

A liberal and his money are soon parted

Liberals exist to separate you from your money. It's nice to see someone turning the tables.

Today's example: The Blue Fund (as in "blue state"), a large cap fund that charges liberals 1.5% per year to invest in lefty-approved companies. They range from well-known tech stocks with lefty management like Apple and Google to more sinister companies like Fannie Mae, the government-sponsored enrichment scheme for retired Democratic politicians.

1.5% for any domestic large-cap fund is a hefty fee. But for an index fund that doesn't even pretend to have a skillful manager, it's outrageous. It couldn't happen to a nicer bunch of suckers.

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Thoughts on a #TradeWarTuesday

1) We're going to need to decouple from the evil Chinese regime. This started as a crazy Trump position but is now bipartisan consensus....