@mitchdmoore it does.. because you've switched from a straight portfolio management fee to a performance based fee.
but in your case, the performance fee only applies when it benefits you. it does not apply when it benefits the client.
@AcdntlyRetired i'm mostly okay with it but i drop "rich" threshold from $15M down to like $5M.
nobody in their right mind is saying that someone with $13,785,493 is upper middle class lmfao
they rich
@ClayTravis because many of them are either not employed or employed in a dead-end job in a cube in some non-descript office building pressing buttions on a keyboard for 40 hours a week