Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (178472)	6/30/2004 3:55:17 PM
From: Amy J	Read Replies (1) \| Respond to of 186894

Tenchusatsu, RE: "mutual funds" While the rest you describe sounds good, this part about Intel's plan sounds a bit behind the times regarding requiring people to invest only in mutual funds. At my company, we let employees invest in individual stocks, as well as covered call writing if they are of a certain investment level as required by SEC. As a result, some people at Intel are envious of my company's 401k plan. One guy said he wanted to quit Intel just to roll out his 401k plan into a brokerage firm so he can write CCs on indivdual stocks, then rejoin Intel. That's a bit extreme, but when people have 401k plans that get rather large, that's how people can feel when they see what others can do with theirs. Why should their money be limited to a selection of what others think might be a good investment? There's some bizarre govt rule that doesn't let employees roll their 401k plans to a brokerage firm while employed with a company, so at a minimum companies should allow employees to invest in individual stocks. But I do think it's a good idea that Intel doesn't give their employees the entire pot - many people were probably happy they didn't have control of their entire 401k plan during the downturn. Regards, Amy J