I have a 401k at work where they match me up to 6% of my paycheck into and . Would it make sense if I started investing in individual common outside of my 401k?

 

  • what? 1:03 pm on June 30, 2010

    that’s always an option, but don’t use the money that you would have contributed to your 401k – it’s better to build a fortune in a tax-advantaged account, and get whatever match you can. also, make sure you’re comfortable analyzing a company – don’t just look at charts, examine 10q’s and 10k’s, and other SEC filings. get used to looking balance sheets and income statements.

    investing in individual companies can be very rewarding if you know what you’re doing, but there’s also a lot more risk.

  • damongt 1:03 pm on June 30, 2010

    Hey Mike

    My financial advisors are answering questions like yours in there 401k webinar. Check out the commercial at http://www.youtube.com/watch?v=BgGjuXnBaV4

    The webinar page is http://www.lightshipmutual.com/401k .

    They even have a great community forum, monitored by 4 financial advisors who answers questions all the time. Check out http://www.lightshipmutual.com/forum

  • Brandon S 1:03 pm on June 30, 2010

    People who think last year at this time was so great to invest in the stock market and right now is a bad time is are idiots. I see this market declining at least until the end of this year because people will use losses for tax write offs. I would absolutely keep investing 6% of your money into your 401K.

    • People are reading:

    invest in 401k or own stocks, Should our 401k be invested in the stock market?, should i invest outside of my 401k, should i be in stock market, investing in a 401k or stocks, 401k should i have stocks or bonds, how should I invest my 401k in this market, how do I invest my 401k in today\s market, CAN I INVEST MY 401K IN STOCKS, best way to invest 401K in financial crisis, what stocks are my 401k investing in