What Bad 401(k) Advice Taught Me This Week
I ran across an investment advice post this morning.That made me laugh out loud.And I don’t laugh out loud that often. The advice was completely misleading. “Buy the dip.” “Don’t overthink it.” “Just follow the stock market.” This is the kind of advice that is...
How Much Is Your 401(k Guesswork Costing You?
The cost of not knowing how to choose your 401(k) mutual funds.Compounds in each new stock market record high. Here’s what’s individual 401(k) investors don’t realize: • Many default 401(k) mutual funds underperform their benchmarks every year. • Stock...
Stop Managing Your 401(k) Like It’s The 1990’s
Met a college friend of mine a couple of weeks.Watched NFL playoffs football at a local bar. His 401(k) investment management strategy shocked me.Stated he has never changed over his working career.The same way as the early 1990’s. “Set-it-and-Forget-it.”Hope it works...
Yesterday’s 401(k) Success Can’t Guide Tomorrow’s Strategy
401(k) investing habits bring out the worst investing behaviors.None worse than anchoring to past investment performance. The mindset that what has worked in your 401(k) for months.Will always work in the future. Familiar 401(k) mutual funds.Historical investment...
