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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. The average is weighted and uses a period of several weeks' price history (he doesn't reveal how many weeks). He has a small group of favorite funds.

His formula produces a curve that lags the curve of weekly closing prices--the idea is to lag it but to not be either too close to or too far from it. The moving average curve, therefor, if ideal, crosses the price curve just behind turns in the fund price. When it crosses on the way down, he sells and stashes the money in a money market. When it crosses on the way up, he buys back in.

Given that I am too busy to track investments properly (and assuming that his choice of funds is appropriate), does handing my 401(k) funds over to a guy like this make sense? Is there a better way? (I realize this is not true Foolishness but
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