A lot of people either are afraid to ask for advice or just try to ignore the fact
that they need advice when it comes to their 401k
To help people make some kind of decision on whether they should be in stocks bonds
or cash I have started a generic recommendation service The cost is $50 per
month or if you pay for a year it's $500. There is a paypal button on the bottom of this blog.
When I say it's generic I mean I don't know your individual situation I don't know
what funds are available on your 401k platform. What I am recommending in this
format is something to at least give you a little guidance. If you go back and
read my blog posts. On 11/17 you will see where I recommended that you take defensive measures . I was recommending that you take some % out of your stock funds and temporarily put that money in moneymarket.
Than on 11/28 I recommended you redeploy it.
That's the kind of info I will email to you. I will also
send an email each week giving you a generic asset allocation for your 401k or IRA.
An example might be to have 80% in stocks 35% of that in small cap 35% in mid cap
and 10% in large cap the other 20% I would leave in moneymarket.
Since this is generic it is up to you to do with it as you feel comfortable
The real value is it will help when the market tanks like during the dot com years
or like the financial crisis years which we are sort of still in. You won't sit
there paralyzed not knowing what to do. You will get an URGENT email from me recommending you take some kind of action long before you suffer a 20% hit to your 401k.
that they need advice when it comes to their 401k
To help people make some kind of decision on whether they should be in stocks bonds
or cash I have started a generic recommendation service The cost is $50 per
month or if you pay for a year it's $500. There is a paypal button on the bottom of this blog.
When I say it's generic I mean I don't know your individual situation I don't know
what funds are available on your 401k platform. What I am recommending in this
format is something to at least give you a little guidance. If you go back and
read my blog posts. On 11/17 you will see where I recommended that you take defensive measures . I was recommending that you take some % out of your stock funds and temporarily put that money in moneymarket.
Than on 11/28 I recommended you redeploy it.
That's the kind of info I will email to you. I will also
send an email each week giving you a generic asset allocation for your 401k or IRA.
An example might be to have 80% in stocks 35% of that in small cap 35% in mid cap
and 10% in large cap the other 20% I would leave in moneymarket.
Since this is generic it is up to you to do with it as you feel comfortable
The real value is it will help when the market tanks like during the dot com years
or like the financial crisis years which we are sort of still in. You won't sit
there paralyzed not knowing what to do. You will get an URGENT email from me recommending you take some kind of action long before you suffer a 20% hit to your 401k.
No comments:
Post a Comment