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Should I put my entire 401K into Gamestop (GME)?
- 1 month ago
I don't have a very good understanding of the stock market, but I know that's a bad idea. From the very little research I've done, this huge surge in Gamestop stock is only temporary. Unless you have a good understanding of the stock market I wouldn't invest anywhere near that amount of money.
- ?Lv 71 month ago
Only if you want to lose it
- Christin KLv 72 months ago
You usually cannot put your 401K into ONE stock. You can put it into one FUND--which is also just as stupid--but you can't specify what stocks your fund invests in. And if you're talking about withdrawing it and buying Gamestop stock, for crying out loud--get some intervention for delusional behavior because that's one of the stupidest things you can do. You'll pay penalties, taxes and lose your retirement completely--and if you're not at your fund's distribution age, you won't be able to withdraw the entire amount anyway.
- 2 months ago
No 1 stock, MF, or ETF should be 100% of your 401k.
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- StephenWeinsteinLv 72 months ago
No. I'm saying that not because of anything about Gamestop in particular, but simply because you shouldn't put your entire 401K into any one stock.
- Anonymous2 months ago
Yes. Idiots need to lose money.
- A HunchLv 72 months ago
It's really unlikely that a putting your 401K contributions into an individual stock unless it's the employer's stock or that of their large customers is an option.
- JudyLv 72 months ago
Very bad idea..........................