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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?
"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
It's easy to read and understand and follow.
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.
First, let me tell you that this book helped me to understand investing in general and retirement investing in particular.
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... Read morePublished 18 months ago by chris
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. Read morePublished on January 22, 2012 by Joan
With all the stock market volatility we've had lately, this book could not be more timely. Considering myself a savvy investor, why didn't I think of simple once-a-day fund... Read morePublished on October 17, 2011 by John Robert