index5

Percentage of Active Fund Managers That Can Beat the Market Shrinking Rapidly

I just sold all my index funds today (14/2008). Have been in the market, was about 65% equities, which was all index funds. Performance YTD was about the the exact same as S&P, even with 35% cash (due to mix). So wasn't loosing too much.

Now I am 100% cash. Betting on a further crash.. but now have a feeling I shouldn't have sold, too late to cancel the orders. Any opinions?