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Billionaires Dumping Stocks
Old 06-11-2013, 08:34 AM   #1
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Billionaires Dumping Stocks
There has been several news articles lately about people like, Buffet, Paulson, and Soros dumping a lot of their stocks. Profit taking or something going on only they would know?
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Old 06-11-2013, 08:51 AM   #2
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Warren Buffett: Buy stocks, beware bonds
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Old 06-11-2013, 09:07 AM   #3
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I've been selling stocks too.......to rebalance my portfolio. Do I feel good that I'm dumping stocks like Warren or bad because I bought bonds against his advice?
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Old 06-11-2013, 09:33 AM   #4
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Be true to your AA. Rebalance when necessary. Ignore the noise!

That being said I am shortening my bond maturities as it appears as though interest rates seem to be inching up.
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Old 06-11-2013, 09:34 AM   #5
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Quote:
Originally Posted by ripper1 View Post
There has been several news articles lately about people like, Buffet, Paulson, and Soros dumping a lot of their stocks. Profit taking or something going on only they would know?
If you believe moneynews, some would call it a low brow contrarian source, then you should sell stocks too. Funny they know what billionaires are doing and no one else does. And maybe next time provide your source http://www.moneynews.com/Outbrain/bi...MO_CODE=FE8A-1, so we can decide for ourselves...
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Old 06-11-2013, 09:34 AM   #6
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IMHO- Mostly rebalancing. Have not seen anything that suggests the uber-wealthy are dumping stocks completely.
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