幸虧現在現金還有3-4%的利息

否則就虧大了。Those who sold in Apr haven't bought back yet. Even they buy, they ended up with slackers that don't move at all.

更別說和農博的JEPI比了。

Those who are in/out often, and to be worse (shorting the market) will significantly under perform in the long run.

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