The Average Joe can go right from stock to Money Market in his 401k . 100% transfer quick and easy. Then back again after the crash. Who cares if he catches the bottom
Funds can't do what the average person can do.
They are stuck long through good and bad markets.
Conversation
Average Joe does not think of selling his stock funds in 401k. It is a retirement fund and it is for the future. Average Joe does not watch CNBC or look at their portfolio constantly.