The typical fund company services 401k plan participants in the same way that Baby Face Nelson serviced banks.

99% of fund managers demonstrate no evidence of skill whatsoever.

You have to understand what market history looks like. What market history tells you is that the very, very best investments are made when things look the worst.

It's bad enough that you have to take market risk. Only a fool takes on the additional risk of doing yet more damage by failing to diversify properly with his or her nest egg. Avoid the problem-buy a well-run index fund and own the whole market.

Wall Street is littered with the bones of those who knew just what to do, but could not bring themselves to do it.

The key thing about any fund is to make sure its expenses are low. You know, if you look at the funds in your plan and you see that they're all charging 1.5 and 2 percent,you've gota bad plan.

Do the math. Expect catastrophes. Whatever happens, stay the course.