Difficulty: Moderately Easy
Things You’ll Need:
Step1
Log on to Fidelity, Vanguard or the financial institution where your 401(k) sits.
Step2
Write down the name (and ticker if it's there) of each fund in your portfolio.
Step3
Go to yahoo.finance.com.
Step4
Type in a stock ticker.
Step5
Click on "charts" on the left hand side.
Step6
Add all of your stock tickers to where it says: "add compare symbol(s)." You will have a visual of all your mutual funds on one single chart.
Step7
Look at your chart and see how well your mutual funds have done over a long period of time. You want to track a long period, 5 or 10 years because the daily, weekly and monthly market is sporadic.
Step8
If you've got some bum funds, take a look at what other funds available to you that you can exchange. Note their tickers.
Step9
Chart those compared to your funds to find a replacement.
Step10
Track your new funds on a quarterly basis to see how well they do.
Comments
grouch said
on 3/1/2008 Great ideas. I think not putting all your chickens in one basket is a great idea. Some tips from the company that carries your 401 are wonderful and some are bombs....just beware and investigate on your own before buying those magic beans.