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re: Are any of y'all anti- 401K or IRA
Posted on 5/3/13 at 9:25 am to TheWiz
Posted on 5/3/13 at 9:25 am to TheWiz
I clicked on the second link and saw this bullet point:
That's all I needed to see. Don't take financial advice from this dude.
quote:
How to potentially get up to DOUBLE DIGIT RETURNS On Your Money, With ZERO Market Risk.
That's all I needed to see. Don't take financial advice from this dude.
1
Posted on 5/3/13 at 9:52 am to ZereauxSum
quote:
How to potentially get up to DOUBLE DIGIT RETURNS On Your Money, With ZERO Market Risk.
Or potentially lose double digits on your money too. Of course the tout doesn't say that.
Sadly, there are people out there who will fall for crap like this.
There are possible improvements to the 401(k) but it's still a good deal. For example, some plans restrict you to only investing in approved funds.
True story: I noticed that Vanguard offered an ETF and an index fund that both tracked the same index. The ETF had a lower expense ratio *and* a lower transaction cost. But my 401(k) administrator forbids buying ETF's because they are afraid I might day trade.
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