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401(k) Day Trading: The Art of Cashing in on a Shaky Market in Minutes a Day Hardcover – October 4, 2011

4.3 out of 5 stars 9 customer reviews

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Editorial Reviews

From the Inside Flap

401(k) day trading offers a groundbreaking way to get more out of retirement savings in a stock market chock-full of surprises. How can that be? Day traders buy and sell stocks continuously all day, whereas 401(k) accounts are generally valued but once a day at the market close. The best a 401(k) participant can do is to execute a single fund transfer each day. So that is what a 401(k) day trader does each day by making a simple daily fund exchange to set up and capture gains from the stock market's natural volatility.

Such a daily ritual taking only minutes a day could alternatively be described as "everyday trading." With this approach, you won't have to sit around at your computer to execute trades all day. Instead, you simply execute a single daily fund exchange in 401(k) and other types of retirement savings accounts on your way to a more secure retirement.

Based on years of experience consulting on retirement plans, author Richard Schmitt offers investors a clever way to enhance the returns on their retirement savings in 401(k) Day Trading. This book takes you on a backstage tour through the environment, rationale, and process for day trading a retirement portfolio. Its approach to buying low and selling high through quick daily fund exchanges draws on many of the fundamental principles of investment management to exploit daily market volatility. This day trading method uses basic arithmetic to set up and capture stock market gains in a wobbly market from once-a-day fund exchanges within the unique framework of retirement savings plans—where trades do not trigger immediate taxes or direct trading costs. Engaging and informative 401(k) Day Trading:

  • Offers the do-it-yourself investor, novice and pro alike, fresh direction on trading and managing 401(k) and other retirement savings accounts, such as IRAs, 403(b), and 457 accounts

  • Highlights real opportunities to earn better returns through retirement portfolio management in the current type of market environment of high volatility and no apparent direction

  • Provides a proven and accessible approach to navigating the road to retirement funding

  • And much more

In addition to describing the process and nuances of day trading retirement savings, this book also introduces you to some of the basic tenets of investment management that apply to this form of trading and touches on essential topics ranging from expense management to seriously saving for retirement.

Until now, day trading 401(k) accounts has been somewhat of a dirty little secret that plan administrators would rather you not know about. But the fact is that 401(k) and other retirement savings plans offer favorable conditions, which make it possible to derive value from each daily trade over the long term. Isn't it time you took control of your retirement destiny by following a strategy that works in the type of bumpy market environment that has put us back where we started over a decade ago?

From the Back Cover

Praise For 401(k) Day Trading

"During extended periods of sideways market returns and high volatility, investors need a strategy to preserve their retirement savings. Rick Schmitt's trading system combines systematic dollar cost averaging with contrarian investing to grow savings for those investors who have the willingness to opportunistically restructure their 401(k) accounts and the discipline to follow a long-term plan."
Jim Koch, Founder and Principal, Koch Capital Management LLC

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Product Details

  • Hardcover: 298 pages
  • Publisher: Wiley; 1 edition (October 4, 2011)
  • Language: English
  • ISBN-10: 1118085418
  • ISBN-13: 978-1118085417
  • Product Dimensions: 6.3 x 1.1 x 9.3 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.3 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Best Sellers Rank: #1,662,278 in Books (See Top 100 in Books)

Customer Reviews

Top Customer Reviews

Format: Hardcover
A "MUST READ" FOR RETIREMENT SAVERS!

Buy when the stock market is down, and sell when it goes up. It all sounds so logical, when you observe the market going up and down every day. The story gets even better when you consider that your gains won't cost you any more in current income taxes or direct trading costs. This book offers a fun read in explaining what, when, and how much stock to buy and sell in retirement savings accounts to come out way ahead of the game. Check it out now.
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Format: Hardcover
I love this book! I had no idea what day trading was or what exactly it entailed, but this book taught me the essential information needed to manage my money successfully. On top of that, it's a great read, not too technical or boring. I HIGHLY recommend this book!
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Format: Hardcover Verified Purchase
this book is loaded with advice on how to grow your 401k. It's easy to read and understand and follow.
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Format: Hardcover
This book is well written but most of it is just definitions of financial terms. When you do finally get to the meat of the book you realize you need two or three retirement accounts to apply any of the information given. Its a good book for explaining how the market and retirement accounts work but not worth $32.
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Format: Hardcover
401k Day Trading is an easy to read book which demystifies retirement savings management for people with little time and even less investment experience or confidence. After reading this book I came away wondering why I have waited so long to take charge of my savings when I should maximize it for future enjoyment. Thank you to the author for sharing your secret in an easily understood and empowering manner! Schmitt shows us that there is no excuse for a "do nothing" approach when it comes to retirement savings. The conventional buy and hold approach clearly does not work in today's volatile market. Schmitt explains his technique through little vignettes that I found entertaining and charming. This is a must read which you should share with your friends and family.
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