Naked Truth Investing: Hedge funds are for stupid rich people

This is part of a new series of columns called "The Naked Truth," by retirement expert Dan Solin. Please bring him your questions, in the comments box, and he will answer as many as he can.

An overriding concern of investors is saving for retirement. Yet the data indicates that, when you consider the ravages of fees, inflation and taxes, the average equity investor actually loses money.

These investors would have been better off not investing at all.