Comments on: 401k Tips: What Not To Do

By: How to Master your Finances | The Art of Manliness

How to Master your Finances | The Art of Manliness — Sun, 04 Oct 2009 03:22:44 +0000

[...] times I hear of people just picking funds in their 401k because of what their co-workers are doing or because they thought the fund sounded cool. Whatever [...]

By: Jeff Rose

Jeff Rose — Thu, 05 Mar 2009 20:33:10 +0000

@ Bob-

I know that it sounds absurd, but I still stand behind that. I don’t mind for somebody to do some drastic rebalancing, but to run directly to the money market is not the answer. If they did so in June of 2008, then kudos to them. But cashing out now completely solidifies you from never recovering.

By: Bob Hooper

Bob Hooper — Thu, 05 Mar 2009 18:59:57 +0000

You say, in bold letters, Do not put all of your 401k into the money market.

The stock market has declined 20% since you wrote this. Hmm . . .