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Author: JeanDavid Big funky green star, 20000 posts Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76882  
Subject: Re: 401k Contribution Recommendation Date: 8/23/1997 9:00 AM
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<While going through my new-employee package at my new company (natch!), I thought it might be Foolish to ask for a recommendation regarding the distribution of my 401k contribution.

I'm interested in a Mid to High aggressive strategy. Here are the plans I can distribute my investment across:

American Express Trust Income Fund
Merrill Lynch (ML) Ready Assets Trust
ML Federal Securities Trust
ML Capital Fund, Inc.
ML Equity Index Trust
ML Basic Value Fund, Inc.
MS Glogal Holdings, Inc.
ML Pacific FUnd, Inc.
Fedielity Advisor High Yeild Fund
Templeton Foreign Fund
AIM Constellation Fund

Any Foolish advice would be appreciated.>

I am so tired of this question, and identical in content ones like it. And it is not the fault of scaught for posting it either, so I hope (s)he is not offended. I cannot stand the paternalistic attitude of some 401(k) managers that fear their participants cannot be trusted to manage their own investments. If it is true that they cannot be trusted because they have insufficient education, get them a copy of the MFIG and Internet access. If it is because the administrators get kickbacks from the mutual fund companies, they should be fired and perhaps imprisoned for breach of fiduciary duty.

In any case, I strongly suggest agitating, through your union if you have one, to get a self-directed option added to the list of strategies. I know nothing about the funds in your list, but if they are like those in the plan of a friend of mine, they are probably mediochre. You should, in addition to lobbying your plan administrator, look them all up in Morningstars reports (available at most libraries, and online somewhere).
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