General Discussion
In reply to the discussion: Uh, messing with 401Ks and IRAs? [View all]sendero
(28,552 posts)... I googled your assertion that people were forced to invest their 401K in Enron stock, that is false. Google it yourself. People had other options they piled into Enron the same way sheep pile into bubbles of all kinds. I did not google Color Tile, I don't care about them, my comments were not about them.
Nobody is more annoyed at the entire Enron debacle, both the "deregulation" that enabled it and the dearth of punishments meted out after it, than I am.
Most companies offer a set of mutual funds, usually including a money market fund (because I would not personally put a cent in the rigged stock market of today, because when they tank it again you will lose). Nobody is forced to use the 401K program at all, and I am pretty sure that if you are in a situation where there are not good investment options you can mange the money yourself (complicated though).