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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76238  
Subject: Re: I have to invest in sucko mutual funds? Date: 7/28/1998 10:38 PM
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Greetings, Marimba, and welcome.

This is related to my last question. Actually it is the REAL question so I will just state it outright.


Among the more enlightened Fools here, what do you do when your 401(k) plan only allows you to invest in sucko mutual funds?

The best I can do is Fidelity Spartan US Equity index fund. Here's a big laugh for you, in their online information, Fidelity posts all their fund returns relative to the S&P 500 EXCEPT FOR their S&P 500 index fund. What supreme irony! HA! Anyway, I would rather not be limited to the selection offered by these weasels. How can I get my 401(k) fundage into a good investment vehicle (individual securities, Foolish Four, etc)?


To see what Fools do in instances like this, see Steps 3 and 4 of my 13 Steps to Foolish Retirement Planning. You'll find them at http://www.fool.com/Retirement/Retirement.htm . Basically, we say get all the FREE MONEY from any employer match. Beyond that level, check out your options and make returns comparisons of alternatives and the 401k on a tax-equivalvent basis. I'd explain it all, but it's in the steps and available for your reading pleasure already.

Regards….Pixy


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