The average person could have down even better with their 401K than hedge fund manager Bill Ackman making just 2 transfers.
First when you see the Virus is coming to U.S in Feb you transfer 100% from you stock account to money market.
@ S&P 2200 you go from MM back to S&P fund.
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Average, not even the best no load mutual funds are up 27% since April. Ackman is a charlatan. He goes on CNBC, Puts on a show, causes the market to crash, buys at the low and wants us to think he is a great investor because his heavily loaded hedge fund is up a mere 20%?
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But as a Average Joe you go right from stock to Money Market. 100% trades quick and easy. Then back again after the crash. Who cares if you catch the bottom
Funds can't do what the average person can do.
They are stuck.
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