I am not an investment specialist nor do I play one on TV, in film, or even a second rate web series. Do not follow my example! When it comes to matters of finance I am certifiably insane. Consider this your warning.This is not about how we got duped into the 401k sham. That's a different rant. This is about investing and it is really bad advice. That was another warning.
Like most working people I have a 401k. In the past I have taken a very hands off approach to my investments. I know for a fact that there are people far better at making investment decisions than myself and chose to let them do it.
While reading through the prospectus for a venture fund that was part of my portfolio, I cringed. There were several holdings as part of the fund that I had moral objections to.
After a total review of my portfolio and the options available to me through my current 401k plan, I managed to purge most of the evil. Most.
While being mature enough to take an interest in my retirement savings, I still harbor plenty of that youthful rebellion that doesn't want anything to do with large, exploitative companies.
I'd love to hear stories from others who have faced this investment dilemma.
APO PANTOS KAKODAIMONOS!
2 comments:
Jake: Ask your boss to pressure the 401(k) provider to add "socially responsible" mutual funds to the plan menu.
Thanks Kurt! In the 4 years I've worked there I saw the boss walking by once, so I'll probably be better off asking HR. Great suggestion, though. I'll give it a try.
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