Thread: Money How is your 401k going?
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Old 07-12-2008, 08:47 PM   #7
chief52 chief52 is offline
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Join Date: Apr 2001
Location: NoCal
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Quote:
Originally Posted by dtebbe View Post
You are violating the #1 rule of 401k.

NEVER, NEVER, NEVER, NEVER, buy company stock in your 401k. You company goes tits up, and so does your 401k. Just ask the folks who worked for MCI.

DT
Actually, the #1 rule does not say to NEVER buy company stock. It says to stay diversified. A little company stock in your profile is no big deal. My matching only goes to company stock, but I can move it. 100% is a recipe for disaster. Add ENRON to the MCI...and there are many, many more. Your job is already tied to how the company does. No use compounding your problems if they go under.
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