HoustonAggie37713 said:
eric76 said:
HoustonAggie37713 said:
jh0400 said:
Is it politics or the fact that you'd be almost guaranteed to underperform the S&P 500 if you didn't hold AMZN, AAPL, etc?
Again, this has nothing to do with performance. People we represent are telling us that if we sell these companies for any reason they are moving their money.
Aren't those stocks the ones responsible for a heavy share of the gains of the last twenty or so years?
This has nothing to do with the last 20 years. The pressure on funds and investment groups started Friday and continued through today. I have never seen threats like this in my 18 year career.
I have some mutual fund shares. If I think that they are making their decisions on whether to keep or dump stocks because of political positions rather than because of financial expectations, I'm going to be very unhappy.
I would certainly expect them to perform a rational financial analysis. To dump stocks for reasons that might be seen as being political in nature would certainly need a substantial justification.