Originally Posted by
Dorn
I agree with above comments but I would recommend not falling into the trap that the "set it and forget it" methedology is sound especially for those who are closer to needing their 401K funds. I think anyone who even occasionally pays attention to the market would have agreed this last few months pretty much everyone was saying this market has overreached. Pigs get slaughtered. don't get greedy. If you have made a nice return and see that your closer than farther to a pullback be smart,move your assets into cash or at least some of it. Drops like we just witnessed are buying opportunities see them as such. The number one rule is protect your assets. Im not suggesting to become a "trader" just that its important to participate in the management of your retirement.
Set it and forget it has historically been a better approach for most investors than trying to participate in the management of your retirement.
Several years ago Fidelity performed a survey to see which of their customers accounts performed best and what they had in common. The two best performing groups were dead people and those that forgot they owned an account at Fidelity.