When the MAG7 makes up half the S&P 500, its hard to get away from. Even if you somehow manage to avoid holding a big tech company (or a company that’s predicated on the spending of a Big Tech company), a downturn will force cascading sell-offs.
Does anyone 401k even let them choose what they want to invest in?
I have like 4 plans I can choose: Retire 2035, Retire 2045, Retire 2055, Retire 2065 and that’s it.
No options in the portal to do anything else. I can’t choose my stocks, any indexes, anything. The only other page is to change my contribution percent.
I have a 403(b) because I work at a university but yes we get to pick between a ton of stock funds but also a handful of blended assets, an invested bond, and a non-invested bond if you really think shit’s gonna go south. My last job did not offer this kind of thing tho.
I hope your 401K is diversified because this will bring down a lot with its fall.
When the MAG7 makes up half the S&P 500, its hard to get away from. Even if you somehow manage to avoid holding a big tech company (or a company that’s predicated on the spending of a Big Tech company), a downturn will force cascading sell-offs.
Does anyone 401k even let them choose what they want to invest in?
I have like 4 plans I can choose: Retire 2035, Retire 2045, Retire 2055, Retire 2065 and that’s it.
No options in the portal to do anything else. I can’t choose my stocks, any indexes, anything. The only other page is to change my contribution percent.
I have a 403(b) because I work at a university but yes we get to pick between a ton of stock funds but also a handful of blended assets, an invested bond, and a non-invested bond if you really think shit’s gonna go south. My last job did not offer this kind of thing tho.
If it isn’t diversified, then you’re not investing. You’re gambling.