Comment on Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears

jellygoose@lemmy.ca ⁨21⁩ ⁨hours⁩ ago

• Blackmist@feddit.uk ⁨18⁩ ⁨hours⁩ ago

  If it isn’t diversified, then you’re not investing. You’re gambling.

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• UnderpantsWeevil@lemmy.world ⁨16⁩ ⁨hours⁩ ago

  I hope your 401K is diversified

  When the MAG7 makes up half the S&P 500, its hard to get away from. Even if you somehow manage to avoid holding a big tech company (or a company that’s predicated on the spending of a Big Tech company), a downturn will force cascading sell-offs.

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• Rooster326@programming.dev ⁨16⁩ ⁨hours⁩ ago

  Does anyone 401k even let them choose what they want to invest in?

  I have like 4 plans I can choose: Retire 2035, Retire 2045, Retire 2055, Retire 2065 and that’s it.

  No options in the portal to do anything else.

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  • sugar_in_your_tea@sh.itjust.works ⁨10⁩ ⁨hours⁩ ago

    Yup, I have ~15 options. Basically:

    • low cost S&P 500, US mid-cap fund, US small-cap fund, and total international funds (all under 0.10% ER)
    • 1-2 actively managed options for each of the first bullet point with much higher fees
    • 3 bond funds
    • a cash fund
    • a retirement fund (tons of bonds and cash)

    I’m in a mix of the first bullet point.

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  • BanMe@lemmy.world ⁨14⁩ ⁨hours⁩ ago

    I have a 403(b) because I work at a university but yes we get to pick between a ton of stock funds but also a handful of blended assets, an invested bond, and a non-invested bond if you really think shit’s gonna go south. My last job did not offer this kind of thing tho.

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