Prime Time Money

I got tagged by Moolanomy over the weekend to participate in the 123 Book Meme.

The rules:

1. Pick up the nearest book (of at least 123 pages).
2. Open the book to page 123.
3. Find the fifth sentence.
4. Post the next three sentences.
5. Tag five people.

The book closest to me was David Bach’s The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich (affiliate link).  Alright, the three sentences after the fifth sentence at or around page 123 are:

“Why balanced funds and asset allocation funds make sense:  An asset allocation or balanced fund does all the work for you, offering the right mix of cash, bonds, and stocks in one fund.  As a result, these kinds of funds make the process of investing really easy.”

I agree.  In fact, I recently moved the funds in my 401K from five different funds to one target-date fund, which is properly balanced and automatically adjusted for someone retiring around 2040.  I read David’s book a couple of years ago, but have picked it up again.  I love the simplicity of his plan for retiring rich.  I plan on doing a book review soon.

Photo: by One Good Bumblebee