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3 Common 401(k) Mistakes
Tweet Share on Facebook June 1, 2011 Comment (1)401(k) plans are the most popular retirement investment products available today. But, with so many investors using them, these plans see some of the worst investor mistakes. Here are three common mistakes you can avoid:
Micromanaging the company retirement plan. It all started with the dot-com years when you could buy something today, sell it tomorrow, and make three to five percent or more. However, with a 401(k), it's usually better to just leave it alone. Set it and forget it.
In the late '90s, people were buying and selling the funds in their 401(k) at a profit. Some people may have had some luck, but investors rarely make money trying to market time individual stocks, much less mutual funds. Remember, individual holdings trade immediately on the market, while mutual funds buy and sell at the end of the trading day. You may sell mid-day during a market sell-off thinking you have captured the high only to find out that your fund did not trade until the end of the day and you lost money.
[In Pictures: 6 Numbers Every Investor Should Follow.]
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6 Investing Tips for Today's Market
Tweet Share on Facebook June 1, 2011 Comment (1)The S&P 500 has nearly doubled since reaching a low point in March 2009. Many factors impact the economy and the markets including high energy costs, financial problems in many European countries, and our own debt issues in the U.S.
That said, here are six investment tips to consider:
It isn't different this time. There will always be issues facing investors. There has always been some sort of event happening in the world that many "experts" thought would be our economic undoing. With all due respect to the folks at PIMCO, I'm not so sure that what they call a "New Normal" is anything more than a continued evolution of our economy and the investing environment.
[In Pictures: 6 Numbers Every Investor Should Follow.]
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