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"
This is not intended as financial advice, DYODD, you are responsible for your own actions.
Bar; FWIW
If you haven't set up a brokeragelink do it first thing monday morning. Put all available investable assets there (sitting in a tax exempt moneymarket trust). The market is going to fall off a cliff within the next 2 weeks... sooner rather than later.
Wait for the market to hit bottom...by 3rd week in Oct. Buy a good 3X etf like tna or erx. Plan to sell in april sometime and shift your holdings to a 3X inverse etf like FAZ. Rinse repeat. Not much babysitting required.
FWIW, from the guy who bought erx monday (not friday) at 30.80 and sold tues for 38, a 25% gain in two days in full view of you folks.
Again, not investment advice, do your own due diligence, your mileage may vary, you are responsible for your own actions, etc.