401k Advice: Why Not To Invest In Company Stock

CNNMoney:

I work for a Fortune 500 company that matches my 401(k) contributions in company stock, which I can then re-allocate to other investments every quarter if I wish. Given that I won't retire for several decades and I think my company has great growth potential, how much of my 401(k) do you think I should have in my company's stock? John, Minneapolis, Minn.

How do I put this? How about zero, none, nada, zilch.

Read the whole story at CNNMoney

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Comments

[nobelaries]

04:39 PM on 05/07/2012

The Great Wall Street Retirement Scam, What THEY Don't want you to know about IRAs, 401ks and other plans by Rick Bueter.

READ IT and you will never put another dime on Wall Street!

[Spock]

10:02 AM on 05/05/2012

I would NEVER buy stock if I was not permitted to sell it when I wanted to.

[gerald4]

03:37 PM on 05/04/2012

I am going to "pump" up the stock sale price of my company's stock, and then "dump" the stock onto my employees and their pension funds to get all of their cash and put that cash in my pockets before I quit the company and retire!

[rudy in la]

02:36 PM on 05/03/2012

One word exemplifies this story. Enron.