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

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.

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.

When you have all this volatility in the market, people are naturally interested in what's going on. When the press reports when a fund blows up, it's sensationalism, but some investors wonder: Is this going to hurt me? Are these hedge fund managers making bets that are going to affect me?

We all are building a culture of life.