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Most of us with money in a 401k, IRA or some other form of retirement account think of ourselves as investors. In the quiet of our homes or apartments we may, at times, feel like time players. Kings of Wall Street. That sort of thing!
But is it possible that instead of being major players, some with 7-figure nest eggs, that we are actually more like relatively affluent parking lot attendants? Parkers, not investors?
Financial planner Arthur Stein believes that millions of active and retired feds — anyone with money in the treasury securities G fund, or F (bond) fund — are not investors in the true sense. They are, in a sense, putting (or parking) their money in funds that don’t move like the stock market.
People in the C fund, S fund and I fund, however, are investing in stocks (large, small cap and an international stock index). And while the C fund, S fund and I funds do go up and down — sometimes big time — over the long haul they have outperformed the treasury and bond funds. By a lot.
Not that there’s anything wrong with that!
Or is there?
So what’s the difference between a true investor and a parker? We’re gonna find out today. Art Stein will be my guest on our Your Turn at 10 a.m. EDT. You can listen anywhere in the world streaming here, or on the radio at 1500 AM in the Washington-Baltimore area. Or catch it later when it is archived on...
Read Full Story: https://federalnewsnetwork.com/mike-causey-federal-report/2021/08/are-your-investing-your-tsp-nest-egg-or-just-parking-it/
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