401(k) Day Trading

Richard Schmitt 지음

Wiley 2011년 08월 17일 출간

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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.

목차

Preface ixAcknowledgments xvPART I Introduction 1CHAPTER 1 Game On: Making Something Out of Nothing 3PART II Environment 27CHAPTER 2 The Shift: Pensions to 401(k) Plans 29CHAPTER 3 Rules of the Game: 401(k) under the Hood 55CHAPTER 4 Tools of the Trade: A Look at Your Assets 77CHAPTER 5 Uneven Playing Field: Volatility in a Sideways Market 115PART III Rationale 143CHAPTER 6 Playbook: Retirement Savings Investment Strategies 145CHAPTER 7 Getting an Edge: Buy Low and Sell High 187PART IV Process 211CHAPTER 8 Game Plan: The Art of Day Trading 213CHAPTER 9 Postgame Press Conference: Moving Forward 251APPENDIX A Decision Tree Controlling Transition of Day Trading Accounts 267APPENDIX B Outside Assistance in 401(k) Day Trading through Systems, Services, or Funds 271Notes 273Glossary 279About the Author 285Index 287

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저자(글) Richard Schmitt

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Richard Schmitt is an adjunct professor teaching retirement planning at the Edward S. Ageno School of Business at Golden Gate University in San Francisco. Having worked in the retirement plan industry since the origin of 401(k) plans, he has assisted companies in the design, implementation, and administration of 401(k), 403(b), 457, and other retirement savings plans for over twenty-five years. Before joining academia, he worked as a corporate manager overseeing compensation and benefits plans for a couple of the largest U.S. companies based in Silicon Valley. He also worked as a consultant at major international consulting firms serving other Fortune 500 companies. Mr. Schmitt is a Fellow of the Society of Actuaries, a Member of the American Academy of Actuaries, and an Enrolled Actuary licensed to practice before the Internal Revenue Service. He graduated with distinction from the University of Michigan with a Bachelors of Business Administration degree and subsequently earned teaching credentials at San Francisco State University.