1.

Record Nr.

UNINA9911019406903321

Autore

Schmitt Richard <1956->

Titolo

401(k) day trading : the art of cashing in on a shaky market in minutes a day / / Richard Schmitt

Pubbl/distr/stampa

Hoboken, N.J., : Wiley, 2011

ISBN

9786613258007

9781119202684

111920268X

9781283258005

1283258005

9781118128213

1118128214

Edizione

[1st edition]

Descrizione fisica

1 online resource (318 p.)

Collana

Wiley trading series

Classificazione

BUS027000

Disciplina

332.024/0145

Soggetti

401(k) plans - Management

Retirement income - United States - Planning

Day trading (Securities) - United States

Portfolio management - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"A Frommer book."

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

pt. 1. Introduction -- pt. 2. Environment -- pt. 3. Rationale -- pt. 4. Process.

Sommario/riassunto

"401(k) Day Trading takes readers on a journey through the environment, rationale, and process for day trading a retirement portfolio in minutes a day. The day trading strategy puts a new wrapper on an old package. Its approach to buying low and selling high through daily fund exchanges draws on all but one of the fundamental principles of investment management - investing for the long term was overrated anyway - to exploit daily market volatility. Too simple to be called an algorithm, day trading uses basic arithmetic to set up and capture stock market gains in a wobbly market from once-a-day fund exchanges within the unique framework of retirement savings plans where trades do not trigger immediate taxes or direct trading costs.



Whereas stock investors got whipsawed to a 21 percent loss over the last decade, a 401(k) day trader could have made money in his or her retirement savings portfolio during this period. The books explains how. Punch-drunk 401(k) investors know they need help, and now. With over 50 million 401(k) accountholders and millions more looking for fresh insights on managing their retirement savings accounts, what better way can you imagine for them to begin 2011 than to get hold of a book offering a strategy to close in on their retirement dreams?"--