Funds that are highly leveraged are risky and only pay off when the markets are up.

We're going to see a lot of the money that has been parked in real estate move back to stocks. Wealth should not be centered in your residential real estate, which is going to return to more stable to flat appreciation.

When so-and-so is closing up shop, it's a reflection of what's happening in the investment world. It's not that the hedge fund world is coming to an end.

The affordability issue becomes very real when mortgage rates rise because a lot of people have taken out interest only loans or adjustable rate mortgages thinking that rates would stay low.