Page 8 - Intelligent Investing (3)
P. 8
Risk = No Control
What most people do is invest in their employers 401k and put money in a savings
account - Here’s why that’s risky
● Investing without control is like driving a car without brakes or a steering wheel
● You have no control over what your investment options are and if your plan has
a financial advisor they do what is best for the company they work for, not you
● Savings account benefit banks 1000x more than anyone using them
● Inflation eats the $0.05 interest your receiving and your hard earned money is
losing buying power while being uninvested
The only exception to use a employer 401k that benefits you is if you only use up to their
matched contribution and when you leave the company transfer it to a traditional/roth ira
