This is how they do it. Best article on sac ever and reveals a lot... http://www.businessweek.com/magazine/content/03_29/b3842001_mz001.htm
YES.....it is happening to ALL funds, not just the losers. Actually, this has been reported now in a few media outlets.....people are going to CASH in record numbers.
People redeem for all kinds of reasons. They think the money can be better deployed in other investments that will perform better regardless of the current performance. some hedge fund investors cull the bottom 20-50% of their holdings constantly flipping looking for the next hot hand. surf
These redemtions are a gift, take advantage of it. A gift of value for long term investors and volatility for short term traders. I hope they drive the market down another 50%. I'll keep averaging down my long term funds.
ok i have heeded your timely advice, you're right thats so cheap and when i bouhgt your advice i did better than you did because i QUADRUPLED MY PORTFOLIO thats right beat that stock guru
gee I thought hegies were smart guys that moved easily from one hot hand to another. guess you're saying they are just one note wonders. overpaid ones at that