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Author: bpinvestor Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25223  
Subject: Re: STARTING A 401K WITHOUT MUTUAL FUNDS Date: 7/13/1999 2:10 PM
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Personally, I believe that giving people the ability to perform daily trades on equities within their 401(k) is ludicrous. After all, this is supposed to be retirement money, not play money......That's just my opinion, though.

PizaBagl,

I would like to respectfully disagree. I would find this feature very useful, as I could then move my 401(k) to the RP4. I agree that this would provide an opportunity for mayhem, but Darwin promised us survival of the fittest. (or was that survival of the foolish? ;-)


FROM BP INVESTOR:
Thanks for both of your replies. What I had in mind was more along the lines of what Paulbort has described. I don't want our employees to be fixated on "day trading" their retirement money. I just prefer to offer a Foolish approach to investing IN ADDITION to a mutual fund, preferably an index fund. For me, I prefer individual stocks and I do not like not having an option aside from a mutual fund as regards to where I can invest my money. All of the companies we've spoken with are only pushing mutual funds. If anyone can let me in on a company which can manage what I'm looking for, I'd be most appreciative.

bpinvestor
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