How not to manage your 401k …

It’s good to get the occasional reminder of just how bad ‘conventional financial wisdom’ can be:

1. Diversify funds?

2. Track performance of your fund against history / peer groups?

3. Rebalance your portfolio?

4. Move from stocks to bonds now that the market has ‘crashed‘?

2 Responses to “ How not to manage your 401k … ”

1. Josh says:

   November 2, 2008 at 7:10 pm

   It’s the blind leading the blind
2. shaferfinancial says:

   November 3, 2008 at 3:40 pm

   Oh yea. And this is considered sound advice! No, this is advice from Wall Street about Wall Street profits. Speak to people all the time who haven’t figured out this game yet, and still refuse to do so!