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Oct 06, 2008, 06:29:20 PM

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Entrepreneur Forum > Entrepreneur - Other Ways to Make Money > Stock Market and Commodities Trading

Safe Harbor with American Funds

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Topic: Safe Harbor with American Funds (Read 219 times)

tsouers

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Joined: Mar 2008
Posts: 17

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tsouers is from United States

United States

Mar 06, 2008, 10:13:39 PM

I have 401K account with American Funds but I don't know if I could trade with it. When I enrolled with it I chose an investment strategy called <i>Safe Harbor</i>. It has been doing ok.

I was thinking of using my tax return this year to open an online trading account. Is this a better idea than to put the money into my 401K?

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Vidal

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Joined: Mar 2006
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United States

Mar 09, 2008, 01:36:32 AM

You're talking apples and oranges. You can't just move all the money you want into your 401K.

If you're thinking of opening a brokerage account and if you and your family can afford the potential loss, it's probably a good thing you get that experience in your life. The reason why.... is you never know if you're going to be one of those superstars who finds their niche or if you learn you aren't good. At least you try. That's the important thing.

for the record. I am bad at the stock market. I'm too implusive but trying to learn to find a niche I'm good at.

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