This was really the last thing we wanted the return of: mass redemptions. Mutual fund and hedge fund traders are now sitting with both elbows on the “sell” buttons all day long as the boomers, retirees and institutions redeem shares to get more liquid. Not a good sign.
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.