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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 662.72+0.4%4:00 PM EST

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To: DCPI who wrote (3773)1/12/1999 6:56:00 PM
From: Gersh Avery  Read Replies (1) of 99985
 
Sean ..

Very good points .. thanks for pointing that out to me.

"I would guess that the number is may now be as high as $50 billion (the average person puts $2000 in a 401(k) per year and 25 million people are active in plans). This is still a small number compared to mutual fund cash flows."

So then .. when you say that only 1% of the US population contributes to a 401k, is that your guess or is that some published data?

TIA

Gersh
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