You are previewing 401(k) Day Trading.
O'Reilly logo
401(k) Day Trading

Book Description

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.

Table of Contents

  1. Cover
  2. Series
  3. Title Page
  4. Copyright
  5. Dedication
  6. Preface
  7. Acknowledgments
  8. Part I: Introduction
    1. Chapter 1: Game On
      1. TRADING AND INVESTING
      2. ENVIRONMENT
      3. RATIONALE
      4. PROCESS
      5. JUICING RETURNS
  9. Part II: Environment
    1. Chapter 2: The Shift
      1. HOW MUCH RETIREMENT INCOME IS ENOUGH?
      2. SOURCES OF RETIREMENT INCOME
      3. TRANSITION FROM PENSIONS TO 401(K) PLANS
      4. WHAT THIS TRANSITION TO 401(K)S MEANS TO YOU
    2. Chapter 3: Rules of the Game
      1. 401(k) PLAN BASICS
      2. 401(k) PLAN DETAILS
      3. RULES ARE IMPORTANT
    3. Chapter 4: Tools of the Trade
      1. INVESTMENT CHARACTERISTICS
      2. ASSET CLASSES
      3. RETIREMENT SAVINGS ACCOUNT MANAGEMENT
      4. FUND OPTIONS
      5. PLAN EXPENSES
      6. FUND VALUATION AND EXCHANGE
      7. COVER YOUR ASSETS
    4. Chapter 5: Uneven Playing Field
      1. MARKET VOLATILITY
      2. SIDEWAYS STOCK MARKET OVER NEAR TERM
      3. FORECAST: CLOUDY WITH A CHANCE OF SUN AND RAIN
  10. Part III: Rationale
    1. Chapter 6: Playbook
      1. WEALTH
      2. WEALTH MANAGEMENT PROCESS
      3. MARKET ECONOMICS
      4. CONVENTIONAL WISDOM
      5. RULES OF THUMB
      6. ALTERNATIVE INVESTMENT STRATEGIES
      7. WHAT STRATEGY?
    2. Chapter 7: Getting an Edge
      1. DAY TRADING PURE AND SIMPLE
      2. THE SCIENCE BEHIND IT ALL
      3. SHOW ME THE MONEY
      4. DAY TRADING TAKES DISCIPLINE
  11. Part IV: Process
    1. Chapter 8: Game Plan
      1. FREQUENT TRADING POLICIES
      2. DAY TRADING THE RIGHT WAY
      3. TWEAKING DAY TRADING TO FIT YOU
      4. VARIATIONS ON THE DAY TRADING THEME
      5. THERE YOU HAVE IT
    2. Chapter 9: Postgame Press Conference
      1. MARKET REACTION
      2. FROM THE PERCH OF ACCOUNT SERVICE PROVIDERS
      3. WHAT THE BOSS SAYS
      4. THE GOVERNMENT'S TAKE ON IT ALL
      5. FACT OR FICTION
      6. GET OUT THE CRYSTAL BALL
  12. Appendix A: Decision Tree Controlling Transition of Day Trading Accounts
  13. Appendix B: Outside Assistance in 401(k) Day Trading through Systems, Services, or Funds
  14. Notes
    1. CHAPTER 1 GAME ON: MAKING SOMETHING OUT OF NOTHING
    2. CHAPTER 2 THE SHIFT: PENSIONS TO 401(k) PLANS
    3. CHAPTER 3 RULES OF THE GAME: 401(k) UNDER THE HOOD
    4. CHAPTER 4 TOOLS OF THE TRADE: A LOOK AT YOUR ASSETS
    5. CHAPTER 5 UNEVEN PLAYING FIELD: VOLATILITY IN A SIDEWAYS MARKET
    6. CHAPTER 6 PLAYBOOK: RETIREMENT SAVINGS INVESTMENT STRATEGIES
    7. CHAPTER 7 GETTING AN EDGE: BUY LOW AND SELL HIGH
    8. CHAPTER 8 GAME PLAN: THE ART OF DAY TRADING
    9. CHAPTER 9 POSTGAME PRESS CONFERENCE: MOVING FORWARD
  15. Glossary
  16. About the Author
  17. Index