Skip to main content
No. of Recommendations: 0
Victor, you wrote:

In reflecting, it became clear to me that what was troubling me was not the loss, but the lack of control. While I believe that my fund choices were sound in the context of an all mutual fund 401k plan that did not have an index fund choice, the more important issue for me was whether I wanted to make decisions in the context of mutual funds at all given the choice. I am certain that I do NOT, and so the decision is one fundamentally of control over my finances. My employer has now given me the choice between a Wisely managed 401k or a Foolishly self-managed 401k. In that context, I feel I must choose to be Foolish 100%; not out of disrespect for the wise or a naive assumption that I as a Fool will always post a gain, but out of a respect for myself and the comfort that all future investment decisions in my 401k (gloriously positive and painfully negative) will be transparent with a trail leading not to the plush offices of the Wise but to a Fool--ME!

And that, sir, is what Foolishness is all about. I salute you for expressing the concept so eloquently.


Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.