With over twenty-five years of experience consulting on retirement plans, author Richard Schmitt knows what it takes to make the most of them, and now, in 401(k) Day Trading: The Art of Cashing in on a Shaky Market in Minutes a Day, he shows you how.
Divided into four comprehensive parts, this reliable resource takes you step-by-step through the environment, rationale, and process of day trading your retirement portfolio in minutes a day. It skillfully outlines an approach to buying low and selling high through daily fund exchanges—that draws on many of the fundamental principles of investment management— to exploit daily market volatility.
With this book as your guide, you’ll quickly learn how to set up and capture stock market gains in a wobbly market 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 retirement saver fresh direction on trading and managing their 401(k) and other retirement savings accounts, such as IRAs, 403(b), and 457 accounts
• Highlights real opportunities to earn better returns in an anticipated sideways market environment of high volatility and lower returns
• 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. And by following the strategy outlined here, you can realize your retirement dreams by becoming an active participant in the process.
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