Bill O’Reilly gave some prescient advice around the new year. He said to put stops under your investments so you wouldn’t be hurt during an expected correction. He’s a bloviator for sure but it appears that was prudent, precautionary financial advice.
Trust me, Bill O didn’t come up with that sage advice on his own. At O’Reilly’s income level, he has a financial management team that is paid to protect his investments. He made those comments after his advisers told him to prepare for a major correction.
I’d love to know what changes Bill’s portfolio managers made BEFORE he offered that bit of wisdom. Guessing they pulled a few million out of the U.S. market and moved it somewhere else, until they can sort out where the market is heading.
Did O’Reilly ever do ads for a precious metals dealer on his old radio show? Wouldn’t surprise me to learn that his position in gold and silver has grown over the past month.