We do have some money to invest, and over the years we've moved from mutual funds to ETF's and Dogs of the Dow in a balanced portfolio. We don't have enough that hedge funds were ever an option, but I consider our investment strategy to be similar to what Warren Buffett pushes, passive investment. From a AEI piece on his $1 million bet:
"Specifically, Buffett offered to bet that over a ten-year period from January 1, 2008, to December 31, 2017, the S&P 500 index would outperform a portfolio of funds of hedge funds when performance is measured on a basis net of fees, costs, and all expenses.As I reported last September, Buffett’s now-famous bet was actually settled early and ahead of schedule, because the outcome was so one-sided in favor of the S&P 500 index over hedge funds:"
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