Can I manage my own 401k?

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  • Kard63
    Confirmed User
    • Nov 2003
    • 8944

    #1

    Can I manage my own 401k?

    I don't want to pay 1% to some dumb bastards who never outperform the S&P to manage my shit. I would be much better off just buying spiders. My human resources department is rather annoyed that I'm trying to create extra work for them so they wont investigate. Is it possible?
  • Kard63
    Confirmed User
    • Nov 2003
    • 8944

    #2
    I know a few of you have had jobs before....

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    • Kard63
      Confirmed User
      • Nov 2003
      • 8944

      #3
      Bump for 1 smart person.

      Comment

      • RedShoe
        赤い靴 call me 202-456-1111
        • Feb 2001
        • 14831

        #4
        Originally posted by Kard63
        I don't want to pay 1% to some dumb bastards who never outperform the S&P to manage my shit. I would be much better off just buying spiders. My human resources department is rather annoyed that I'm trying to create extra work for them so they wont investigate. Is it possible?
        How fucking stupid are you?

        You're asking us, GFY, if you can manage YOUR OWN 401K? If you're not smart enough to figure this out on your own, perhaps you're not the best one suited to manage your own 401K.


        ***ERIC*** I'd like to submit a name change, please change his/her name from Kard to Tard. Thanks.

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        • qxm
          Confirmed User
          • Jul 2006
          • 5970

          #5
          Originally posted by RedShoe
          How fucking stupid are you?

          You're asking us, GFY, if you can manage YOUR OWN 401K? If you're not smart enough to figure this out on your own, perhaps you're not the best one suited to manage your own 401K.


          ***ERIC*** I'd like to submit a name change, please change his/her name from Kard to Tard. Thanks.
          .... now this is my definition of ==Thread Backfire!=== lol





          Constructive criticism...>> learn stock or FX trading.... or become a kick as porn webmaster.... whatever seems easier for you...

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          • woj
            <&(©¿©)&>
            • Jul 2002
            • 47880

            #6
            Originally posted by RedShoe
            How fucking stupid are you?

            You're asking us, GFY, if you can manage YOUR OWN 401K? If you're not smart enough to figure this out on your own, perhaps you're not the best one suited to manage your own 401K.


            ***ERIC*** I'd like to submit a name change, please change his/her name from Kard to Tard. Thanks.
            Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000
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            • chemicaleyes
              UNSTOPPABLE
              • Aug 2003
              • 11569

              #7
              Originally posted by RedShoe
              How fucking stupid are you?

              You're asking us, GFY, if you can manage YOUR OWN 401K? If you're not smart enough to figure this out on your own, perhaps you're not the best one suited to manage your own 401K.


              ***ERIC*** I'd like to submit a name change, please change his/her name from Kard to Tard. Thanks.
              No way as way, No limitation as limitation. AmeriNOC formally PhatServers

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              • Kard63
                Confirmed User
                • Nov 2003
                • 8944

                #8
                Wow, what a douche. Old people are grouchy.

                Comment

                • posh rat in hell
                  Confirmed User
                  • May 2002
                  • 403

                  #9
                  Some 401K firms allow fully self-directed plans, eg:
                  http://www.theonline401k.com/


                  They allow you to open up a Schwab PCRA account where you can buy/sell stock, bonds, options, mutual funds, ETF's just like at any other brokerage account. Obviously margin accounts are not allowed for 401k because you can't replenish if you lose more than your value, and there are similar options on naked shorts and selling naked options.

                  Comment

                  • HowlingWulf
                    Confirmed User
                    • Nov 2001
                    • 1662

                    #10
                    Yes if your employer supports it
                    http://accounting.smartpros.com/x31218.xml

                    otherwise you can switch over to a self directed IRA
                    http://en.wikipedia.org/wiki/Self-Directed_IRA
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