Skip to main content
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.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.