Alternative Investments and Liquidity Risk

Free CFP Exam lesson in Investment Planning. 18 min read, ~2,714 words.

1031 exchange: 45 days to identify, 180 days to close, qualified intermediary must hold proceeds. Hedge fund fees (2-and-20) consume roughly one-third of gross returns. High-water mark delays performance fees until prior peak is recovered. Collectibles taxed at 28% max LTCG. 8 points above standard 20%. Contango = futures spot...