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Mutual Fund Question
During times of extreme volatility (like now), do mutual fund managers manipulate holdings to safe-haven alternatives as the market tumbles, then re-group to take advantage of recovery period? Or simply stay-the-course?
I often wonder if I shouldn't do so myself, but normally don't based on the thinking that their professional fund managers understand the market far better than I do.
I'd be inclined to move money into more aggressive funds early this week as the market has already taken a pounding. Nice opportunity to capitalize on the rebound.
Thoughts?
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Mike
“I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll.
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