Let me stop you right here. I’m not going to share with you some “can’t lose” market timing or trading system.
Instead, I want to share with you what I reminded my Peak Income readers of last week about their 401k. If you take it seriously, it will have a far greater impact on your long-term investing returns than anything you learn in a trading seminar.
You might not know this, but I’m a regular W2 employee at Dent Research.
My publisher is more like a partner than a boss, but I get paid every two weeks via a good, old-fashioned paycheck (technically a direct deposit, if you want to split hairs).
As an employee, I get the same basic 401k plan that you do, with the same very conventional menu of mutual funds. The mutual funds available limit my investment returns, but as I’ve consistently emphasized in my work, the investment returns are only part of your total effective returns.
And in my book, they’re the least significant part.
trusted tablets online Vastly more important to your long-term financial health are the tax breaks and employer matching.
I talk about this exact topic in a video I recorded last week: