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 especially dangerous for your 401(k).
Someone else selected menu of 401(k) mutual funds.
Everyone has the different 401(k) mutual fund options,
Different annual fees and expenses.
Most 401(k) investment advice is too simple.
Not relevant or useful for your 401(k).
That’s why generic 401(k) investment advice falls apart.
It becomes harmful to your 401(k).
Wastes your time and drowns out better mutual fund strategies.
Take these steps to improve your 401(k) mutual fund picks:
• Rank your 401(k) mutual funds by investment performance.
• Rank them again by annual fees and expenses.
• Make your own decisions on your level of stock market risk—not someone else’s.
Your 401(k), on your terms.
Personalized 401(k) decisions beat generic advice.
What’s one piece of 401(k) investment advice you’ve read recently—
but completely missed the mark on your default 401(k) mutual fund menu?
If this resonates, I can provide a ranking of your 401(k) mutual fund options.
Ric Lager
P.S. Improved 401(k) mutual fund picks don’t come from online advice.
