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Agree with some previous statements: What a wasted space of an article.
Going by the title, I was hoping to find some secret, from an expert to help make me feel better about what I am doing with the 401K or suggest ideas to improve it. Instead, all I want to do now is drain it, pay the fees and taxes, quit participating in it and bury the proceeds in the backyard right along with my future.
Would like to know what affiliation this joker has with the blood sucking Wall Street vampires who have drained every drop of life out of the common, hardworking American
What a Jerk!!! Anyone can claim the same strategy as this idiot wants us to do.
This is so typical of Wall Street analyst especially the ones on CNBC, ie Maria Barteroma. They do not know what they are talking about and will make claims when the market goes down that it is the result of something they hear after the fact and has no real bearing on the market.
To bad the public can't stop these idiots from preying off of those who just don't know better.
If you have any of your investment left after paying-off your debt might I suggest buying an out of the way piece of farmland with access to fresh water, which will become far more valuable than having money in any bank if urban sustainability becomes compromised, as the last place that you will want to get caught is any urban area that runs substantially out of food and fuel.
Do you know the main reason to have an investment account is to make your broker some money before another huge bubble bursts and your investment becomes worth less than the cost of the paper that your statement is printed-on!
Actually, this is not bad advice, and if you look at it closely, they are not saying invest in everything. If you familiarize yourself with the classes of stocks, there are many more choices than were specified here. I re-aligned my 401K in 2003 from mostly large cap stocks to a mixture of the classes that are recommended here. The only one I invested in that is missing from this list is precious metals (for good reason, since it has been a dog over the last 18 months). My 401K is now 3 times what it was in 2003, and continues to climb on this latest rally. I believe however, that this advice may not be too timely, since the past performance of these classes of investments may not continue to provide the returns they have over the past 10 years.
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