Small investors are knocking eachother down trying to get into equity mutual funds as the rally picks up momentum. Equity funds added a sizable $13.6B for the week ended May 3rd after adding $4.63B the previous week. As we pointed out before, small investors have timed this market wrong at just about every juncture. The fact that they’re piling into stocks right now can’t make the smart money feel good about their bets….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.