$33M/day is an enormous churn, even for a big pension fund. Again, I’d like to see where you’re finding these numbers. The NYSE trades $18.9B/day across a pool of $52T in asset value. By proportion, you’re talking about a fund with a $90B market cap showing that kind of activity.
On the margins. You’re not seeing the whole portfolio turn over day by day.
Which 401k is flipping $333M of balance sheet every day?
Also, how many days do you think are in a month?
Sorry I dropped a decimal. 33.3*30
Your 401k isn’t $33 million a day. It’s the funds behind it that are trading daily.
.001% of $33M from the Vanguard Index means you lose .001% of the $50k in your 401k which holds Vanguard.
$33M/day is an enormous churn, even for a big pension fund. Again, I’d like to see where you’re finding these numbers. The NYSE trades $18.9B/day across a pool of $52T in asset value. By proportion, you’re talking about a fund with a $90B market cap showing that kind of activity.