I was reading a monthly report about Canadian asset management companies, I want to share this graph.
Bulls make money when the market goes up, Bears make money when the market goes down, and Pigs get slaughtered.
There is only 1 type of investor who holds money in a money market fund in an investment managed by an asset manager. The Pig. pigs invest in a money market mutual funds, instead of high interest savings accounts because they don't know better.
And this graph is telling us that the pigs have been deploying their cash. in fact they are holding less cash than before the recession.
Bulls make money when the market goes up, Bears make money when the market goes down, and Pigs get slaughtered.
There is only 1 type of investor who holds money in a money market fund in an investment managed by an asset manager. The Pig. pigs invest in a money market mutual funds, instead of high interest savings accounts because they don't know better.
And this graph is telling us that the pigs have been deploying their cash. in fact they are holding less cash than before the recession.