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| Thursday, October 05, 2006 |
| Some 401(k) advice |
USAToday's article: Need direction for your 401(k)? has some sound advice. It is tough to buy low and sell high - Hopefully dollar cost averaging in my chosen funds is taking care of this...
5 KEY RULES
Before you do anything with your 401(k) plan, here are five basic rules:
1. Contribute as much as you can.
2. Set a basic target allocation between stocks and bonds.
3. Rebalance periodically.
4. Don't put more than 10% of your 401(k) account in company stock.
5. Don't park all your savings in the plan's money market fund. |
| posted by Boston Gal @ 9:03 AM *
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| 1 Comments: |
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In a down (bear) market, being in a money market is EXACTLY where you want all of your savings.
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In a down (bear) market, being in a money market is EXACTLY where you want all of your savings.