Should I Invest in my 401k and in the stock market?
（I have a 401k at work where they match me up to 6% of my paycheck into stocks and bonds. Would it make sense if I started investing in individual common stocks outside of my 401k?）
Answer ：
that’s always an option, but don’t use the money that you would have contributed to your 401k – it’s better to build a fortune in a tax-advantaged account, and get whatever match you can. also, make sure you’re comfortable analyzing a company – don’t just look at charts, examine 10q’s and 10k’s, and other SEC filings. get used to looking balance sheets and income statements.
investing in individual companies can be very rewarding if you know what you’re doing, but there’s also a lot more risk.
Posted: August 11th, 2010 under US Stock Market.
Tags: Stock market