Wats goes up will always comes down. Always to remember. Fund mgr will hv to be optimistic for liquidity for their big paycheck. All risks on investors.
Not only to reduce tax payment and I also think he believes current price is hype n overvalued.They are the market makers and retail investors are always in the losing end. Also keep this in mind.
Brace brace brace. Rebalanced ur portfolio. Interest rate movement will move stock mkt.Mr Fed has to stop printing, which is impossible. Without QE, Mr G n Mr Fed has Infra Bill printing narrative.
What really is going on with INTEL?TSMC and other chip makers are doing well leh.My assessment is technology n innovation lagging. Good showmanship but lack substance.
The entire finance eco sys only makes Bank/wealthy super wealthier and the mid/low income commoner becomes poorer. Is proven.The eco sys must hv a way to trf wealth from Wealthy to mid/poor.