Market is Zooming

As I type this, the dow is up over 400 points. The S&P is up 40 points to 1235. This is approximately the same place the s&p was in Sept. 2008

The only reason I point this out is that you have to have a plan. My plan is based on relative strength and watching the S&P 500. I try to stick with the trend whether it's up or down.

This is a good time to take a look at your 401k. There are two questions you need to know the answer to:

1) What are the best performing funds in my 401k?

2) Do I have a risk management strategy to protect against the next market downturn?

I'm talking to people everyday about their 401k plans and I can tell you most people are not in the best performing funds and they have no plan for a market downturn.

Your 401k is probably one of your two biggest assets and you really need to pay close attention.