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Should 401(k) investors follow the advice of top fund managers?

The article from MSN Money discusses whether 401(k) investors should follow the investment strategies of top fund managers. It highlights that while these managers often have impressive track records, their strategies might not be suitable for everyone due to differences in risk tolerance, investment goals, and time horizons. The piece points out that top fund managers frequently invest in high-risk, high-reward assets which might not align with the conservative or balanced approach many 401(k) investors prefer. It also notes the importance of diversification, suggesting that blindly following one manager's strategy could lead to an undiversified portfolio. The article advises that while insights from top fund managers can be valuable, individual investors should consider their personal financial situation, consult with financial advisors, and perhaps use these strategies as part of a broader, personalized investment plan rather than a sole directive.

Read the Full MarketWatch Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/should-401-k-investors-follow-the-advice-of-top-fund-managers/ar-AA1Bbyw1 ]