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They literally did. Investing in a broad market index means you want to own everything because you can't pick winners. You just imagine you can pick for no goo
by nh23423fefe 4mo ago
They literally did. Investing in a broad market index means you want to own everything because you can't pick winners.
You just imagine you can pick for no good reason.
- jojobas 4mo agoPension funds are forbidden from picking winners and are required to buy into these indexes though. At best you can choose which index.
- nh23423fefe 4mo agoYes. If you want to avoid paying taxes, ERISA says plan administrators must act as fiduciaries and provide options across risk/reward spectrum. If you elect "total market index" then you want to own SPCX. Open a brokerage account and pay taxes if you want something more specific. If you want your 401k to have an "I hate Elon plan" then what point are you making?
- jojobas 4mo agoMore like "avoid rule-bending fraud investments".