“Do you seriously want to be rich?” was what Bernie Cornfeld used to ask potential investors in his Swiss-based IOS, operator of funds of funds and generator of huge commissions for Bernie and and his salesmen who signed up US servicemen in Europe. It was a con. Bernie went to jail.

Now after a hiatus based on the Bernie episode, you can again buy a fund of funds in the U.S. Today Advisor Shares Dent Tactical, an exchange-traded fund was launched by Dent, under the ticker symbol DENT, on the NYSE ARCA. It will invest in whatever ETFs, excahnge-traded notes, exchange-traded currency trusts, or exchange traded commodity pools its managers think will pay off. It tracks no index and follows no allocation rules.

(When I reported from Paris for the London Sunday Times in the 1970s I contributed notes for a book the paper produced about l'Affaire Cornfeld entitled Do You Seriously Want To Be Rich?)