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Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears (www.investing.com)
submitted 10 months ago by to c/technology@lemmy.world
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[–] 14 points 10 months ago (5 children)

I hope your 401K is diversified because this will bring down a lot with its fall.

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  • [–] 4 points 10 months ago

    I hope your 401K is diversified

    When the MAG7 makes up half the S&P 500, its hard to get away from. Even if you somehow manage to avoid holding a big tech company (or a company that's predicated on the spending of a Big Tech company), a downturn will force cascading sell-offs.

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  • [–] 4 points 10 months ago* (2 children)

    Does anyone 401k even let them choose what they want to invest in?

    I have like 4 plans I can choose: Retire 2035, Retire 2045, Retire 2055, Retire 2065 and that's it.

    No options in the portal to do anything else. I can't choose my stocks, any indexes, anything. The only other page is to change my contribution percent.

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  • [–] 3 points 10 months ago*

    Yup, I have ~15 options. Basically:

    • low cost S&P 500, US mid-cap fund, US small-cap fund, and total international funds (all under 0.10% ER)
    • 1-2 actively managed options for each of the first bullet point with much higher fees
    • 3 bond funds
    • a cash fund
    • a retirement fund (tons of bonds and cash)

    I'm in a mix of the first bullet point.

    401ks won't let you pick specific stocks, generally speaking, but they should have more options than just target date funds. Most will at least have an S&P 500 fund and usually an international fund.

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  • [–] 2 points 10 months ago

    I have a 403(b) because I work at a university but yes we get to pick between a ton of stock funds but also a handful of blended assets, an invested bond, and a non-invested bond if you really think shit's gonna go south. My last job did not offer this kind of thing tho.

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