4 ms·

Not really, if you own index funds you end up with this shit in you portfolio and if it’s 401k you don’t really have an opt out

• jsjohnst 5y ago
  I have always had a 401k in all my years in tech (or telecom before that) which allowed me to change what the investment mix was in drastic ways. Sure, it was limited to whatever the 401k provider (aka Vanguard/Fidelity/etc) offered that my employer at the time used, but I still wasn’t locked into an investment I didn’t want to be in.
  • rdtwo 5y ago
    Yeah but that’s how these scammy companies get most regular folks. Just by listing in an exchange garbage shares get bought up by index fund at the expense of unsophisticated investors
• lotsofpulp 5y ago
  That is a separate problem of legislators giving unfair advantages to large employers who can afford to implement 401k and for some reason are given tax benefits for restricting the choice of investments one can make. If there were no 401k, and all there was were IRA for everyone, this would not be an issue.