Passive investing and staying the course vs Timing the market and picking individual stocks or sectors
U.S. has 600,000 new millionairesMarch 16, 2011NEW YORK (CNNMoney) -- What recession? The millionaire population jumped in the U.S. by 8% last year,
fueled by the stock market recovery, according to an industry report on Wednesday.
The number of U.S. households worth at least $1 million rose to 8.4 million in 2010, compared to 7.8 million the prior year, according to a report by Spectrem Group.
http://money.cnn.com/2011/03/16/news/economy/millionaires/index.htm?source=cnn_bin&hpt=SbinBillionaire George Soros reportedly lost nearly $1 billion during Trump rallyJanuary 12, 2017Billionaire George Soros
lost nearly $1 billion after the stock market surged following Donald Trump 's unexpected Nov. 8 election victory, The Wall Street Journal reported.
The hedge-fund manager's former deputy, Stanley Druckenmiller, however, foresaw the rally and gained a sizable profit, the Journal reported, citing people close to the matter.
The sources told the Journal
Soros was cautious about the market going into the election and became bearish after Trump won.
Stocks and Treasury yields jumped in the wake of Trump's victory, amid the prospects of looser regulations in certain sectors, lower tax rates, and fiscal stimulus.
Soros' hedge fund, Soros Fund Management, manages about $30 billion for Soros and his family. Soros was a supporter oof Hillary Clinton's campaign.
http://finance.yahoo.com/news/billionaire-george-soros-reportedly-lost-134916493.htmlMillennials bought leveraged gold ETFs after Trump was elected and got hammered: NYSE traderDecember 19, 2016Bloomberg reports they piled into gold ETFs, some with leverage, after the election,
expecting Trump to trigger a risk-selloff. The opposite occurred and gold has dropped nearly 15% from the election-night high.
http://finance.yahoo.com/video/millennials-bought-leveraged-gold-etfs-183454148.html
