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My main concern is: how do I tell my 401k and mutual funds to stay away from Groupon? I'm a smart investor, I'm strongly deciding to not touch Groupon with a t
by alain94040 15y ago
My main concern is: how do I tell my 401k and mutual funds to stay away from Groupon?
I'm a smart investor, I'm strongly deciding to not touch Groupon with a thousand feet pole. But I'm pretty sure bankers in NYC will do it for me. What can I do?
- hammock 15y agoDont buy funds invest it yourself. Move your 401k into a self-directed account.
- djb_hackernews 15y agoWhich may take some lobbying of your company to add a self directed component to your 401k offering, which as far as I know is a more costly option. (Because you won't be buying their selected funds and they won't be reaping the commissions)
- joe_bleau 15y agoHow do you move a 401k to a self-directed account? Can you do it without quiting your job? My single biggest gripe with my 401k--a very poor selection of high cost managed funds.
- hammock 15y agoIt may depend on your company and how they set up their 401k. For me it was relatively easy, I just told my company that I want to self-direct the funds - it was an option they gave me if I set up a brokerage account with the 401K's bank
- lsc 15y agoswitch jobs, roll your 401K over into an IRA that you can manage yourself.
- chrisaycock 15y agoGroupon isn't going to make the S&P 500. If you're invested in a wide index fund, you'll be safe.
- usaar333 15y agoIf you can figure out how much the fund is investing in Groupon, short an equivalent percentage of Groupon.