#1 Reason the 401K became a 201K

Warren Buffet is famous for once saying "No one else will manage your money better than you." In this video I attempt to explain the 401k vs do it yourself investing and why people will lose with 401ks. In today's society having just a 401K for investment purposes is not such a good idea and there many reasons why. To avoid getting trapped through the laws of the ERISA act a "do it yourself" investing approach is highly recommended by not just myself but from many other investors around the globe. So with this in mind, lets take a look at reasons why the 401K is not the investment it used to be.