CNNFN writes article about Nearly 70% of investors lost money in 2015:
by Heather Long @byHeatherLong December 31, 2015: 12:01 PM ET
markets negative
Good riddance, 2015.
Nearly 70% of investors lost money this year, according to
Openfolio, an app that allows people to track their investment
performance and compare their portfolio with other users.
U.S. markets had their worst year since the financial crisis. No wonder
making money was tough.
“While the S&P 500 is on track to end 2015 almost exactly where it
started, earnings have deteriorated,” says Matt Coffina of
Morningstar.
People who did make money did one of two things that most investment
books and advisers tell you NOT to do.
1. They held a lot of cash.
2. Or they took on a lot of risk.
Cash was king
Cash was one of the best investments this year. Despite the fact that
cash earns almost nothing in the bank or a money market fund, it still
beat out U.S. stocks, commodities and even most bonds.
CNNFN Article Source Here.