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[–] 6 points 1 year ago (3 children)

I'm so glad my 401k is going to vaporize because it's mostly tech companies.

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  • [–] 4 points 1 year ago (2 children)

    As an ignorant non-American who doesn't know how 401k works, could you not redirect where your investment/retirement goes?

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  • [–] 7 points 1 year ago* (1 child)

    Only slightly, unfortunately it's not as flexible as a normal investment account. I've done a good bit of trying to lessen the damage though. Basically, with my specific account, I can pick from around 7 or 8 different funds, many of which include huge tech companies.

    Unfortunately, even if I invest only in one, it's likely going to get affected by the bubble popping since everything is ultimately on the same market as the slop peddling companies.

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  • [–] 3 points 1 year ago*

    That sucks. I work for an American company and I have to have mandatory pension contribution. I only put in 3% of my salary to it and stated I want them invested into medium risk funds.

    I don't trust company pensions to be my sole source of retirement funds, and so I started my own investment portfolio. Even though I know US companies are more profitable, but with the way things are going, I limited my investments to select few US companies and I plan to invest more on Asian and European stocks.

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