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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

Richard Schmitt

ISBN: 978-1-118-12823-7

Aug 2011

320 pages

$32.99

Description

For many, retirement has become increasingly difficult to both attain and afford. But there is a way today's 401(k) participant, as well as those contributing to similar retirement savings plans, can turn their retirement dreams into reality.

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.

Preface ix

Acknowledgments xv

PART I Introduction 1

CHAPTER 1 Game On: Making Something Out of Nothing 3

PART II Environment 27

CHAPTER 2 The Shift: Pensions to 401(k) Plans 29

CHAPTER 3 Rules of the Game: 401(k) under the Hood 55

CHAPTER 4 Tools of the Trade: A Look at Your Assets 77

CHAPTER 5 Uneven Playing Field: Volatility in a Sideways Market 115

PART III Rationale 143

CHAPTER 6 Playbook: Retirement Savings Investment Strategies 145

CHAPTER 7 Getting an Edge: Buy Low and Sell High 187

PART IV Process 211

CHAPTER 8 Game Plan: The Art of Day Trading 213

CHAPTER 9 Postgame Press Conference: Moving Forward 251

APPENDIX A Decision Tree Controlling Transition of Day Trading Accounts 267

APPENDIX B Outside Assistance in 401(k) Day Trading through Systems, Services, or Funds 271

Notes 273

Glossary 279

About the Author 285

Index 287