Quote:
Originally Posted by Mr. Steinway
I heard Phil Town in a live seminar about six months ago. The dude knows his stuff! Anyway...he said that it takes a mutual fund manager up to two months to divest in a stock. They have to do a little at a time to keep the market from going into a panic mode. They want to make as little of a wave as possible, so it takes a long time to move the money out.
An individual investor can get in and out immediately.
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I enjoy his resources. They are very easy to understand, compared to some.
I see the secret to this is learning one area at a time. Most of us aren't working with millions. That was what I liked about Town, he moreso focused on one area at a time.
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