Savvy Rules for 401k Investing

[Chick6517]

Nice video! I like these kinds of videos. They're actually good and solid videos that desrve a spot on youtube. haha!

[TYX91101]

401K's are great in bull markets. But almost none of them offer truly safe vehicles for extended downturns. A check of the money market funds available in my company's plan reveals that all three of them have over half of their holdings invested in mortgage backed securities. Some will actually default for a 100% loss. Best to do your homework and keep you money in a self-directed IRA and not contribute to your company 401K.

[200092]

That is why they are long term investments. Over a lifetime, they average 8% to 10% rate of return.