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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (140732)12/3/2001 8:07:42 PM
From: tejek  Read Replies (1) | Respond to of 1580617
 
This should be a lesson to everyone who ever worked for a company with a 401(k). Never, ever, never have the company's stock as one of your 401(k) investments.

I don't have a choice, the matching amount goes to my company's stock.

Tim, an supposed expert on CNBC said you should go to your HR and tell them to diversify their program. FWIW.

ted



To: TimF who wrote (140732)12/3/2001 8:21:29 PM
From: i-node  Respond to of 1580617
 
I don't have a choice, the matching amount goes to my company's stock.

This is, in fact, a common requirement of 401(k) plans. In that instance, you have nothing to lose -- but my point is that to the extent possible, people should avoid investments of any kind in employer securities. If you receive stock options, convert to cash ASAP. It just makes good financial sense, in my view.


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