Simple ways to check if your savings plan is on the right track
CNN Money article. Also has a "When will you be a millionnaire? calculator and links to a site called RiskGrades that gives a risk score for virtually any security or an entire portfolio...plug in the holdings of your investment account and get an overall grade.
"It doesn't just average the riskiness of individual securities. Rather, the grade takes into account how your various securities zig and zag in relation to each other, letting you see the benefit of diversification...You can also do lots of "what if" scenarios to see how the risk level of your 401(k) might change if you replace one security with another. "
CNN Money article. Also has a "When will you be a millionnaire? calculator and links to a site called RiskGrades that gives a risk score for virtually any security or an entire portfolio...plug in the holdings of your investment account and get an overall grade.
"It doesn't just average the riskiness of individual securities. Rather, the grade takes into account how your various securities zig and zag in relation to each other, letting you see the benefit of diversification...You can also do lots of "what if" scenarios to see how the risk level of your 401(k) might change if you replace one security with another. "
