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How does that work? The 401(k) providers are lending out the securities that their customers own?
by jobs_throwaway 4y ago
How does that work? The 401(k) providers are lending out the securities that their customers own?
- lotsofpulp 4y agoNo, 401k admins do not own the securities, the employees do. The comment is incorrect in implying the government bailed out the administrators, but the government did backstop the price the securities (the stock market) itself. Hence why I think an SP500 investment is risk free on a >3 year timeline.
- deleted 4y ago[deleted]