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Right away meanwhile you don't need millions in the bank to invest like the super rich now we've got someone who says.
Main street can play the market like multi millionaires Bill Harris is personal capital CEO.
He joins us and they Fox Business exclusive bill wonderful to see you get -- -- big money here this is this folks who have ninety million dollars from work.
And I understand that they are taking some of their money and doing different things whether they're changing.
What they have been doing in the -- in particular taking money out of the hedge funds why are they doing that and where are they putting that money.
Yes well I think I think it's really focused on diversification in general and many a super rich -- have in the past.
-- over concentrated in hedge funds private equity funds things of that nature.
And so they're reducing.
Their percentage allegation just as they should reduce over concentrations in any asset class.
I think in this case it's particularly due to.
Things like the Madoff scandal.
Things like the financial crisis where many of the hedge funds that were thought to be immune to the volatility prove not to being out and probably most importantly.
The high cost of many alternatives to -- --
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