this post was submitted on 22 Jan 2024
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I employee matched for years just to watch our CEO tank our stock to 1/5 the original price.
Point being, remember it's still an investment in a single stock and comes with that amount of risk.
Hol up, you left your retirement fund in the hands of your employer? You didn't diversify and invest in the broader market? Most plans make you hold some for a period of time, every single plan offers a way to get out of being fully invested in one company. That's insane.
He's talking specifically about company matching of their stock purchase, no?
I'm not saying it doesn't happen, but I've never heard of an employer that requires their 401k match to be invested in the company. Everywhere I or my wife has worked you could put it in any fund available with that 401k plan.
Oh, 401k. I was thinking they meant ESPP.