ESPP vs 401K - Which is the Better Investment?
If you could only afford to invest in one, would you choose your employee stock purchasing plan or the 401K? Please support your answers.
While the ESPP sounds like a great idea when the company is doing well, I think it's dangerous to put all your eggs in one basket. Yes, people at Microsoft and Apple have done extremely well when their stocks soared, but other companies have gone bankrupt and stocks plummeted. This leaves the people on the verge of retirement flat out of luck. I personally know of at least two people who lost 50-75& of their retirement savings that were invested in their bankrupt company's stocks..
Younger people can afford to take more risks, and might benefit from purchasing their company stock, but those who are looking for somewhat safer investments would be better off with a 401K with investments diversified among stocks and bonds.
by countrywomen8 years ago
We were just following the news recently where Jon Stewart accused Jim Kramer (and others in the media) for there part in the 401k losses. Both myself and to a great extent my husband's 401k was lost. Recently...
by alexd1818 years ago
I'm looking for some advice from anyone who has done investing or personal finance planning before. If you had a 5-figure sum of money and wanted to grow that amount into more what would be the best way to utilize it?...
by Saturday7 years ago
Besides your 401k and home mortgage payments, what other common "investments" are tax exempt?
by HarshitG5 years ago
Hey,As many would be aware of that stock market is one of better way to invest and reap benefits from . So what i want to know is do you guys really invest in Stock market or stick with Fixed deposits and bank interest...
by Cheryl J.5 years ago
How can we find the right Mutual Fund for investing our 401K?401K Investment.Mutual FundsSocial Security
by andrew savage4 years ago
Is Franklin Templeton a legitimate source of mutual fund investments?
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