Billionaires Dumping Stocks

[ripper1]

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?

 

[bUU]

Warren Buffett: Buy stocks, beware bonds

 

[nun]

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?

 

[RockyMtn]

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.

 

[Midpack]

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/b...-stock/2012/08/29/id/450265?PROMO_CODE=FE8A-1, so we can decide for ourselves...

 

[ERhoosier]

IMHO- Mostly rebalancing. Have not seen anything that suggests the uber-wealthy are dumping stocks completely.