A paper published in the Financial Review concluded that when selecting funds within their 401(k) plans, many people choose the options at or near the top of alphabetical lists. “It’s absolutely amazing how powerful this effect is and how much it is really distorting what’s being invested in,” said paper co-author Jesse Itzkowitz. As reported in The Wall Street Journal.
Review your mutual fund choices and rebalance your portfolio before the end of the year!
Source: Financial Planning for Women