Ever tried to 'actively manage' a 401(k) account?

Las Vegas Review-Journal ^ | 08 feb 09 | Vin Suprynowicz

[listenhillary]

The smart thing to do is work for the government

That seems to be the solution that is being offered. I'm pretty sure that has been tried before in some country or another. You are aware of the consequences reading your final words.

[Mr. Jeeves]

Where did that money go?

Back into overpriced stocks and real estate, which subsequently lost value. I suppose a few people sold at the top and bought gold or kept all their money in cash, but most just put it right back into some other investment that fell apart on them. It's like gambling - rather than taking their winnings off the table, a lot of people just doubled their bets.

[John Galt's cousin]

Thanks.

I am not impressed with Fidelity. I have had money (small to them, real to me) in accounts with them for years, and am not impressed.

that said, the fund you mentioned might be interesting. I will look into it.

thank you

[TheThinker]

One way or another they will kill the 401k plan. It takes too much control and payoffs away from politicians since retirement savings is an enormous percentage of Americans’ personal wealth.