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Fidelity should not let people gamble their 401K on Bitcoin or similar nonsense.
A 401K is a retirement device and not for gambling.
You shouldn't get a tax deduction for buying nonsense.
clambo saysFidelity should not let people gamble their 401K on Bitcoin or similar nonsense.
If you cut out the nonsense, there's nothing left in a traditional 401k, just like they'll be nothing left in everyone's accounts, again. Seems 2008 didn't do a good enough job teaching people their lesson about central banks. 2022 will do the trick.
It's no one's job to stop people from making stupid financial decisions, that's a nanny state. And we grown ass adults here, so take your lumps.
They manage some very good funds at Vanguard.
One is called "Primecap".
The "nothing left in the accounts" didn't happen then and I doubt it will happen now.
I have a couple cypto currencies; PayPal and Western Union apps.
To clarify, the means to transfer money is not an asset.
In a few days Apple is going to pay me another dividend in the form of shares of AAPL.
That's a real asset.