No. of Recommendations: 0
I am nearing retirement and a broker from a well known firm wants us to
join his scheme for mutual fund investing of 401(k) funds.

He has developed a formula based on a moving average of the price of a
given fund.


Sounds like market timing. At your stage of the game I would not experiment with the broker.

Would be fund to ask him to show you the monthly statements (investor's name removed) for the last 10 years for several of his best clients.

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