Carl Icahn (net worth: $14.8 billion) is buying Apple, David Einhorn ($1.1 billion) is selling and David Tepper ($5.1 billion) is standing more or less pat — or at least that’s what they were doing last quarter.
The iBillionaire Index, which has a sharp new YouTube ad (see below), offers investors a 30-stock portfolio designed to mirror the investment strategies of those billionaires. It has been licensed to Direxion Investments for the iBillionaire Index ETF.
So far the index is up 17.6%. The attached chart shows its performance against the S&P 500 since Nov. 1. (click to enlarge)
The catch is that when events unfold quickly iBillionaire will always be a beat behind the real billionaires.
That YouTube ad: