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Investing is not rocket science, nor is it a roulette wheel. It's a plow horse, a giant animal who turns the earth over, step by arduous step, so that when harvest time comes, the earth pours out an abundant crop.

Wall Street Dummies are investors who have learned how to combine the unique characteristics of 401(k) plans with a plow horse approach to self-direct their own investment portfolios and outperform the pros. Over the course of the past decades, they have amassed a combined net worth of $15 trillion, a staggering figure that is double that of the federal governments annual budget.

In this insightful episode of my podcast, I will explain why the stock market resembles a plow house and detail strategies used by 401(k) investors to be first in line when the harvest payout begins. Where will you be at harvest time?

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At the end of it every straightaway, there's a curve. But this exciting and informative episode of my podcast is not about auto racing. It's about how to preserve and grow the assets in your 401(k). In the last two years the S&P 500 has grown over 50%, and the NASDAQ, over 70%. With each passing day the number of times the word bubble appears in the Wall Street Journal increases. Wall Street Dummies understand that now is the time to keep emotions in check. They also understand that the because of the unique structure of 401(k) plans they are able to respond when Mr. Markets straightaway becomes a curve. In the following discussion I will outline these options and help you chose the one that works for you.

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During my 62-year journey with Wall Street, I have been a witness to and a participant in, many significant events. I was there on Black Monday, 1987. I enjoyed the ride of the once in a lifetime 1990’s bull market. I chuckled my way through the dot.com bubble and cried in my beer during the subprime meltdown of 2007 to 2009. All of these events were profoundly documented and dissected by the financial median and their Wall Street cronies.

The subject of this incredibly insightful episode of my podcast is a less documented and dissected stock market development, the index fund revolution. The index fund revolution percolating for fifty years and just recently has become a force to be reckoned with.

Contrary to a plethora of urban myths, index funds are not totally passive in construction or application. I begin this episode with a discussion on why actively managed funds fail to beat the market. I conclude with a presentation on how index funds actively respond to the ever-changing market infrastructure and how 401(k) plan participants can use them to outperform the pros.

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