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