> investing in things you 100% understand
Well, most of us (myself included) "invest" in a 401(k) that we don't really understand that well, but common wisdom is that this is still the best way to save for retirement.
Well, most of us (myself included) "invest" in a 401(k) that we don't really understand that well, but common wisdom is that this is still the best way to save for retirement.
Because the tax advantage on the account makes it so largely irregardless of how well you understand it.
Also the options available are generally quite limited so that a) even if you did understand it you wouldn't have much choice within the tax advantaged account, and b) your choices are largely constrained to relatively safe index funds.