401KS: A Safety Net For Your Nest Egg
You're sitting on huge gains in your 401(k), you're close to retirement, and you're worried that something--Indonesia, India, Alan Greenspan--is about to make stocks crash and splatter your nest egg all over the sidewalk. You could diversify your holdings better or move entirely into cash. But let's say you want to hang on to the portfolio you have because you don't want to miss any upward moves the market may have in store. Some investment counselors suggest laying on some "crash insurance"--namely, put options.
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