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Following The Billionaires: Why You Might Want To Reconsider

2016-06-05 free stock photos“Sell everything. Nothing looks good here.” This piece of advice, from DoubleLine Capital CEO Jeff Gundlach, is just one example of similar statements made in recent weeks by billionaires. Given the financial success of those making such declarations, it might seem imprudent to not follow their lead. However, today’s article argues that, unless you are a billionaire, it may not be a good idea to follow the trading advice of billionaires. The reason, according to the author? Investors such as Gundlach “are not trying to accomplish the same thing with their portfolios that you are likely aiming for with yours.” To read more, including two examples the author points to as demonstrating the different agendas of “the moneyed set” and most investors, CLICK HERE.