Investing in the Executive Club (Part 1) | Capital Blueprints

Posted by hause01 on May 21, 2012

Do you remember your first job, and your orientation the human resources department probably took you through? One of the agenda items was ?retirement planning?. In that session, the HR professional walked you through the various mutual fund and bond choices you could choose from to allocate a certain percentage of your retirement to. Neither you, nor the HR professional knew much about the 10 out of 8,000+ mutual funds there were to chose from that your company offered. To make matters worse, at that moment you were expected to pick several funds and bonds that would help you start saving your hard earned income for retirement. But wait!?.. What is a mutual fund? How does this work? Which ones should I invest in and at 20 something years old how do I know what to pick? Furthermore, where could you turn for suggestions or answers? It seems most people I know are NOT self-made millionaires from selecting mutual funds from their 401k and happily contributing every two weeks for however many years till retirement. I had to be missing something!!!
I remember my first orientation with retirement planning at the age of 18. While still in college I took a job in Information Technology for a Fortune 100 company. As we went through our initial orientation, we spent about 45 minutes talking about retirement planning. Being young and having never learned about retirement planning in high school or college I asked the HR facilitator to help me make my mutual fund and bond choices. After all, they were the experts I thought, since they were leading the class, and of course, I was eager to start on my retirement planning process. This was the key to financial freedom, and I knew if I listened intently I would be retired by 40 on the spoils of my excellent mutual fund and bond choices. When I asked the facilitator, he took me aside and showed me the funds all the ?executives? had chosen in their retirement accounts. I was in the club! I was investing with the big boys, I was one of them, I thought. But I was no better off than the next person in orientation, who blindly picked funds and bonds based on extremely non-scientific information presented to them, executives included, and It didn?t take but a few short years of investing that way to learn that traditional market investing brings a great deal of risk with limited stability in returns. What was I to do? Find out in part 2

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