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What to do With Your 401k?

What are you doing with your retirement accounts? The conventional "expert" advice goes as follows: If you're old, diversify.  If you're young, stay almost entirely in stocks.  But "experts" also tell everyone to stay in stocks, even a declining market, because no one can time the market.  The conventional wisdom is dollar cost averaging. Keep buying, because you'll buy some stuff high, some stuff medium, and some stuff low.  So long as you keep buying, you'll eventually average your way into a respectable return. Does that advice fly today? Can we really say it's currently impossible to time the market? Does anyone really think the market is going to rise, and stay high?  Who?  Why? The Dow today closed at 11,143...continue to full post

Full post as published by Crime & Federalism on September 26, 2008 (boomark / email).