Originally Posted by
Bucking Bar
Any opinions, or has anyone tried, Financial Engines service to manage your 401K?
I looked around last year for a service to manage my "portfolio
*" and every one wanted me to come out from my 50% cash position and go 100% into their fund families. That did not seem like such a hot idea and so far I am down about 7% for the year on the balanced funds. The best investment of the year has been a 4% cash loan to myself.
It is amazing how poorly the 401K has performed. On the other hand my taxable play money invested locally has done quite well.
Anybody doing anything that works without constant babysitting?
Retirement for us is going to be a lot different than it has been for our parents (and Leo and Michelle
)
* Akin to my daughter's hamsters talking about their "Mansion"
Well you'll sure get a lot of different opinions on that one!
FWIW, here's what I've been doing:
What Is the Snider Investment Method?
It is unconventional in both it's objective and implementation, but I think it addresses the concerns you have expressed. I spend minimal time managing my accounts (a few hours one day per month). And it has performed exactly as designed over the past 6 1/2 years I've been using it. With our Fidelity BrokerageLink, we have the ability to do this in both our DC Plan and DPSP.
Bottom line, the important thing is to find something that is a good fit for you... i.e. matches your objectives and tolerance for risk. Personally, I am very comfortable with this method and especially its focus on risk management. Others will see it differently. I recommend at least taking a look for yourself and see if it's a good fit. Good luck.
Here's some more reading that should help:
https://www.snideradvisors.com/Asset...ive_Report.pdf