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My company recently switched 401K administrators. The new administrator works with Charles Schwab for its investments and also offers something called a PCRA (Personal Choice Retirement Account). With my PCRA I can direct my 401K funds into over 1000 mutual funds or I can take my 401k funds and actually invest them into listed stocks (AMEX, NASDAQ, NYSE). Is this a good way to invest your 401K or should you keep your 401K money in funds managed by others? In other words...should I utilize my 401K savings to invest in the market if I have the ability to? Any thoughts?
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