January was tough for investors
Those investors, who managed to make money in January, share one thing and it’s January. Indeed, the newly gone month appeared to be extremely brutal for many investors. After a big rally on Friday, the key US indexes faced their toughest opening-month hit since 2009. The Dow Jones, DJIA fell -0.10%, while the S&P SPX missed -0.04%. Both these indexes lost up to 5%, though the Nasdaq found itself in a worse situation. The tech-heavy index’s sag was the most tremendous decrease of all months since May 2010.
With these numbers, there’s nothing surprising in the fact that last month about 93% of investors lost their money. It has been recently unveiled by Openfolio, a website, where people share information regarding their investments.
Of course, only a few investors managed to derive gains amid this meltdown. All of them have one common thing, which unites them and it’s cash. As follows from the recent news, those finishing in the green boasted approximately of 19% of their portfolios in cash, while losers couldn’t count on more than 9%.
By the way, women left men behind, as they lost just 5.9%. it’s because they had more cash, while their exposure to stocks was minimal.