Earlier this year, an individual 401(k) investment advice client.
Sat across from me and said something I’ve heard many time before.
“I knew this mutual fund wasn’t right… I didn’t do anything about it.”
Sure, the specific mutual fund decision was bad.
Worse, was the cost of the delay to change mutual funds.
It’s okay to pick the wrong 401(k) mutual fund.
It’s not okay to stay with the wrong 401(k) mutual fund.
What is hard is admitting when a 401(k) mutual fund isn’t working.
And making a change.
Being wrong is part of 401(k) mutual fund investing.
Staying wrong is optional.
Successful long-term 401(k) investors don’t “ride it out” no matter what.
When one of their mutual funds stops working.
They have a plan to manage the stock market risk.
On a fixed 401(k) menu, you don’t need to continue to guess.
Own the best available mutual funds.
And avoid the worst mutual funds.
The stock market conditions have changed for the worse.
You own a wrong 401(k) mutual fund or two.
But don’t stay wrong.
Curious to find out the wrong mutual fund or funds in your 401(k) now?
Let’s connect on LinkedIn and I can share the details on what you own.
P.S. Your 401(k) doesn’t need perfection—just attention
