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Going It Alone, Life Lessons, & More
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Employees who save through 401k plans but ignore financial advice resources offered by the plans often take too much risk, a new study has found.
Consulting firm Hewitt Associates said its survey found that those who used online advice and managed accounts offered by their plans saved 47 percent more over a 20-year period than those who did not use the resources.
Employees who invested on their own tended to take higher risks, and did not reduce their risk levels as they neared retirement.
Life-changing recession
Young people who grow up in a recession form life-long economic and political beliefs, including the belief that success depends more on luck than effort, says the National Bureau of Economic Research.
Its study said that those between the ages of 18 and 25 may also come out of the recent recession as greater supporters of government wealth redistribution efforts.
Think value, not growth
Value stocks-those whose prices are low in relation to their earnings-give you more bang for your buck during earnings season, says veteran investor and financial writer David Dreman.
Growth stocks, probably due to investors' higher expectations for them, tend to fall much more than value stocks do when there is a negative earnings surprise.
When there is a positive earnings surprise, value stocks tend to gain twice as much as growth stocks, he says.
© OSB Financial Services, INC. rights reserves. Information has been obtained form sources believed to be reliable, but its accuracy and completeness and the options based thereon, are not guaranteed. Always consult your a financial adviser and prospectus before making an investment
©2010, Kelly Ruggles Web site
Kelly C. Ruggles is a fee-based financial planner located in Spokane.
Kelly C. Ruggles, President of American Reliance Group, Inc., a registered investment advisor.
Kelly Ruggles is the author of "The Financial Playbook" for Retirement
Kelly C. Ruggles does not intend to provide personalized investment advice through this publication and does not represent the strategies or services discussed are suitable for any investor. Investors should consult with their financial advisors prior to making any investment decisions
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