MCI transplant
Veteran
- Jun 4, 2003
- 5,311
- 584
- Banned
- #1
http://ca.finance.ya...-100130657.html Some of the AA boys trying to play with the same game as the big boys?------ And they don't like it!!!?
What's going on here?
- Thread starter MCI transplant
- Start date
WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
- Banned
- #2
The issue appears to be that a large group of AA employees were moving stock at the same time based on published recommendations and that created instability to T. Rowe Price.
OP
MCI transplant
Veteran
- Jun 4, 2003
- 5,311
- 584
- Thread Starter
- Thread starter
- Banned
- #3
"Large group of AA employees created instability to T Rowe Price"? ------ You got to be kidding me!!! You would think it would take the total number of AA to do that! I just think they don't like the little guy playing their games!!! God forbid they make anything off it! Did they do anything illegal? ------ If not, what's the problem? Is T. Rowe Price that unstable? If so, maybe you all should roll your money out of there. I did long ago!
bob@las-AA
Veteran
Let’s consider first that this is the pilots doing this. And each of those pilots maintains a portfolio
of 500k on the avg. Now move that 500k times the number of them doing it 1200, are you getting the picture? 600,000,000 sell-order in one day is enough to rattle anyone cage.
Most mutual funds prohibit active trading of their funds. If you want to actively trade stocks, then set up your retirement account to do that (a self-directed 401k) and then you actively trade individual stocks, not no-load mutual funds. Mutual funds are for buying and holding, not active trading. Active trading of funds (like switching in and out) imposes costs on all of the buy-and-hold investors.
If you want to pretend to be a big-time finance wiz and try to time the market, then do it with individual stocks where you bear all the costs, not no-load mutual funds where you're imposing the costs on other people.
If you want to pretend to be a big-time finance wiz and try to time the market, then do it with individual stocks where you bear all the costs, not no-load mutual funds where you're imposing the costs on other people.
