If you are like me, you want to spend your waking hours engineering and not messing with your 401k allocations. I know it is awful, but I have gone years without rebalancing my 401k. Mainly because I don’t know what I’m doing and don’t have time to research all the options. Over the years I’ve resorted to asking other Microsofties how they allocate, but that gets annoying for them and they are probably guessing as well.
So, I was very happy to hear from Gary Voronel, a guy I worked with on Bing Mobile – who is the type of guy you immediately like. He, and a couple of other guys (Joe Ollis & Xavier) just started MSFT401k.com. In a nutshell, it makes MSFT 401k allocation suggestions for you so you don’t have to think about it. I’m not sure how they are doing it, but it doesn’t really matter to me. He has partnered with Xavier who looks like a smart financial guy, so I’m pretty sure what ever they recommend is going to be better than what I could come up with on my own. Based on their chart it looks like they do much better than what most of my 401k was allocated to.
I love the idea and I think the service will take off because I’m sure there are 10s of thousands of other Microsofties who don’t want to think about this kind of stuff. I pinged Gary to see how he was going to monitize the service. He said it will likely remain free and they will be providing other related services in the future for a fee.
I just rebalanced based on their recommendations and the next one comes in June.
Check it out and LMK what you think.
I have no affiliation with them (other than knowing Gary), they aren’t investment advisors, use at your own risk.