401(K) Day Trading : The Art of Cashing in on a Shaky Market in Minutes a Day
401(K) Day Trading : The Art of Cashing in on a Shaky Market in Minutes a Day
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Author(s): Schmitt, Richard
ISBN No.: 9781118085417
Pages: 320
Year: 201110
Format: Trade Cloth (Hard Cover)
Price: $ 68.93
Status: Out Of Print

401(k) day trading offers a groundbreaking way to get more out of retirement savings in a stock market chock-full of surprises. How can that be? Day traders buy and sell stocks continuously all day, whereas 401(k) accounts are generally valued but once a day at the market close. The best a 401(k) participant can do is to execute a single fund transfer each day. So that is what a 401(k) day trader does each day by making a simple daily fund exchange to set up and capture gains from the stock market's natural volatility. 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?.


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