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Investors Hoarding Cash, Miss Stock Market Rally Dispite Adviser Efforts
I keep waiting for a pullback to buy funds and CEF's on my watch list .Here's plenty of reason$$ why that hasn't happened! $277 billion into stock funds so far this year; highest since 2000 October 29, 2013, 12:03 PM About one-sixth of that money has been invested this month. TrimTabs says the net $45.5 billion through Oct. 25 is the fifth-highest monthly inflow on record. (The two biggest monthly numbers also came this year: $66.3 billion in January and $55.3 billion in July).
Investors are doing fine. Unlike at 2000 and 2007 market tops, they have learnt not to give 100% of their money to advisors. Looks like advisors not earning enough money to buy BMWs and vacation homes, prompting that article. It is THEY who are doing bad because people increasingly don't need them, because contrary to popular belief, investors are getting smarter.
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$277 billion into stock funds so far this year; highest since 2000
October 29, 2013, 12:03 PM
About one-sixth of that money has been invested this month. TrimTabs says the net $45.5 billion through Oct. 25 is the fifth-highest monthly inflow on record. (The two biggest monthly numbers also came this year: $66.3 billion in January and $55.3 billion in July).
http://blogs.marketwatch.com/thetell/2013/10/29/277-billion-into-stock-funds-so-far-this-year-highest-since-2000/