posted on Oct, 10 2008 @ 02:20 PM
In short, no.
401K's are group investment in the stock market, securities, etc.
My wife's financial adviser for her 401K convinced her to place the bulk of her portfolio in the NASDAQ back in the late 90's. Before it tanked and
just about wiped her out.
I tried to talk her out of it as I had my distributions pretty much scattered around, with about a quarter of my money in foreign markets, so I hardly
felt a whiff when the high tech stocks hit the skids.
The idea of the foreign market approach was that it added a little buffer when the US market had the hiccups.
Today, we're seeing ALL the markets freaking out so that buffer is worthless.