401k Planning: 3 Tips for Superior Returns

When you are involved in 401k planning, there are a number of things that you need to take into consideration. If you want to obtain superior returns, here are a few tips to keep in mind. 

1. Invest in Equities

Many people take a very conservative approach to their 401k investing. For example, they might put most of their money into mutual funds, bonds, or the money market. While these are fine investments, if you want to get a superior return, you should invest in the stock market. Stocks have the greatest potential for return among these investments. You could potentially double or triple your investment by selecting the right stock.

2. Growth Stocks

When choosing your stocks, try to focus on growth stocks. Some investors like to purchase dividend stocks or value stocks for their portfolios. However, you want to do your homework and try to identify companies that are poised for massive growth over the next few years. This can provide you with a superior return in the long run.

3. Do Not Rely on Your Adviser

If you want to have a better return than everyone else, you are going to have to work at it. You cannot simply rely on your financial adviser to find every winning investment for you. Do some research and learn as much as you can about the financial markets.

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