How is your 401 K account doing in this volatile market?
I have found a way to play this market and achieved a YTD gain above 6.2%. Remember DOW was only up about 4% for the year, while S&P is down for the YTD period!!
Every 401 k sponsor, whether Schwabplan, or ING provides 401 k participant a portfolio of stock mutual funds, bond mutual funds and momey market mutual fund.
The stock mutual funds performance perfectly mirror S&P! If you can predict where S&P will head tomorrow, you can take action today: either buy stock mutual funds if you see it will rise tomorrow, or sell your mutual funds today to avoid losses.
I have followed this simple strategy for the last three months in this volatile market and achieved 6% returns!
I will put my statement on line to show my actions in 401 k account!