Q: I have bumped into to two fund managers/portfolio advisors in the last week, and I talked to both about their investing styles. Both said they were sitting on a lot of a cash that they have built up over the last couple months.
One also said they were selling there winners ex/ ATD.B and planning to pick it back up at a lower price.
Do these fund managers know something that retail investors don't?
It seems like professionals sometimes say buy and hold, meanwhile they are selling.
Or are they taking a guess and going for it?
I am very patient long term holder and don't trade very often, but I am curious who is doing all the selling in market down turns?
Cheers, Colin
One also said they were selling there winners ex/ ATD.B and planning to pick it back up at a lower price.
Do these fund managers know something that retail investors don't?
It seems like professionals sometimes say buy and hold, meanwhile they are selling.
Or are they taking a guess and going for it?
I am very patient long term holder and don't trade very often, but I am curious who is doing all the selling in market down turns?
Cheers, Colin