08-10-2007, 09:14 AM
I think its a shame that companies went from pensions to 401K, its just wrong in so many ways. The avg person can't balance a check book yet they are required to manage their retirement. If you dont have a finance background, its hard to understand the market and its mechs. Knowledge is power, start reading, follow an advisor/fund manager you like and understand. If you have very little knowledge indexs are your friend.
The market is cyclical, but if you go out at the bottom of a cycle you are screwed. The market is like anything else it takes time to be good at it. If you dont want to dedicate time to studying the market, work hard live below your means and sock away monies in laddered CDs, your grandparents did it, you can too.
The market is cyclical, but if you go out at the bottom of a cycle you are screwed. The market is like anything else it takes time to be good at it. If you dont want to dedicate time to studying the market, work hard live below your means and sock away monies in laddered CDs, your grandparents did it, you can too.