• Nougat@kbin.social
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    7 months ago

    Financial vehicles for retirement should be relatively low risk, with that risk becoming even lower as you reach retirement age. Investing in a single stock, no matter what it is, is a high risk. Sure, you can look into the past and say “if you’d just invested in Stock X,” but that’s with the benefit of hindsight.

    The only way you should be managing your 401K is into an index fund with low fees. That’s it. Everything else is gambling.

    • EatYouWell@lemmy.world
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      7 months ago

      Yup. If your 401k is consistently losing money, then you have it in the wrong investments. You should be seeing an average return of ~7%.