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What are proactive student?

What's the best way to be proactive about my retirement funds?

  • I'm 28 and I've been working my entire adult life with not a lot to show for it. I have some money in my 401k but I get very confused about managing my funds, and when I try to make changes, I get very discouraged. I work full time and am a college student part time so I don't have much time. I really want to get an etrade account. Does anyone have any suggestions as to how I can start being more proactive with my investments?

  • Answer:

    being that you are weak and timid as well as very discouraged...... invest in safe, low interest bearing accounts and never look at your gains.....

J.R. at Yahoo! Answers Visit the source

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Buy the book "Investing for Dummies"

At 28 you should NOT be proactive with retirement funds. You should have about 80% in stocks (divided between domestic and international) and you should be investing a MINIMUM of 10% into this account. 20% would be better. Other than that, you will find that those who monkey around with their elections too much end up doing more harm than good. Pick an investment mix and stick with it. Once a year take a look and rebalance. That's it. When you hit 35 or 40 you may want to scale back to 70% in stocks, then at 50% you might want to scale back to 60% in stocks. Most 401(k)s offer advice.

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