Openfolio, a Fintech Collective portfolio company, explains how, despite March being a good month for investors, not everyone did well.
Drawing information from its community of investors, Openfolio shows how the 8% who underperformed all had one thing in common.
What did the losers all have in common? Cash — twice as much allocated to cash (11% vs. 22%) than the winners. Can’t really blame them considering the climate. Oil was crashing, volatility was off the charts, and the Dow DJIA, +0.20% was down almost 2,000 for the year. Bear market signs everywhere. Cash had to be sounding pretty good at that point.