Asked by Greg  |  Submitted September 20, 2014

What is a good stock to add to my 401k

I want to not miss out on technology growth

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  Answers  |  4

September 22, 2014

If you are interested in investing in technology growth, you are much better off investing in a broad based mutual fund or ETF than betting on one or two stocks. Do a google search for technology ETF's or mutual funds and you will find many. Best to buy funds that are very liquid with lots of assets.

$commenter.renderDisplayableName() | 02.21.17 @ 00:58

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October 01, 2014

Hi -

It depends on how your 401k is set up if you can even buy individual stocks. Most 401k plans allow only choices from a menu of mutual funds. Many large employers now allow employees to open a "brokerage window" in their 401k. If this is available through your employer you will need to set that up first. In a 401k brokerage account you can typically invest in just about anything traded in the markets including exchange-traded funds (ETFs). There are many ETFs that focus on technology stocks. Good luck!

$commenter.renderDisplayableName() | 02.21.17 @ 00:58

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January 13, 2015

Take a look a Disney (DIS)

Sharon Disney or Susan, not sure of correct name, died in 1993 and sold a block of Disney stock to pay a 127 million estate tax bill. Today the total loss (estate shrinkage) amounts to around $850,000,000 million dollars over the last 22 years. This last year the dividend alone would have been close to $ 9,000,000.00, yes 9 million.

What a shame the professional advisors did such a "terrific" job.. Sharon or Susan was an adopted daughter so the biological daughter could have a playmate, so maybe they really didn't care that much.

$commenter.renderDisplayableName() | 02.21.17 @ 00:58

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July 28, 2015

What are the fund options in your 401k? Typically you are limited to a handful of different funds in a 401k. If you have a "Brokerage Option" within your 401k you can purchase most publicy traded securities. In which case you could take a look at the Technology Select Sector SPDR (XLK) or the Vanguard Information Technology Index Fund (VITAX). They are both diversified funds that focus on Technology stocks. There are many just like it but these are some of the biggies. You can also get more specific and buy a fund that focuses on just one area of technology like nano-tech, green technology, or others, A google search on "XXXXX Technology ETF" should yield good results. FYI I am not endorsing any as an investment just giving you some ideas. Also keep in mind that most index funds, in general, will hold some technology stocks, so by purchasing an technology specific fund you are making a bet that technology stocks will outperform other stocks. Is that what you really want to do?

$commenter.renderDisplayableName() | 02.21.17 @ 00:58

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