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Financial Planning / Foolish 401(k)s

URL:  http://boards.fool.com/thank-you-fuskie-to-clarify-my-company-will-30480474.aspx

Subject:  Re: 401K help! Date:  1/11/2013  3:51 PM
Author:  AON2013 Number:  24996 of 25234

Thank you Fuskie.

To clarify; my company will match 6% in company stock but my contribution can be allocated to any of the other investment offerings as long as it is at least 6%. The last couple of years I have been putting my contribution in ETF's and just taking the company match in company stock.

I think you are saying that it would be wise to contribute at least 6% of my salary in addition to the company match because at that point I am essentially buying the stock at half price. I work for a large aluminum producer, you probably can guess who it is. I do believe in the company and I do believe in the innovative products it develops. There should be a large demand for lighter/stronger/less expensive products in the foreseeable future. I would expect that at some point over the next 20 years the stock will rebound.

Thank you for your advice.
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