From: "John A. Weeks III" 
Newsgroups: misc.invest.financial-plan
Subject: Re:  Re: Financial planning advice needed
Date: 16 Jun 2004 06:40:05 GMT
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In article <5ecbb247.0406151108.5ce5edc4@posting.google.com>, Panache
 wrote:

> As I
> understand, I can play with the 401K money the way I want right? Like
> I can invest part of it in stocks, partly in index funds and when I
> want to make some profits, I can sell and leave the cash sitting
> there.

It depends on your specific 401K plan.  They all differ.  Some
have just a few funds to pick from.  Some have a large variety
of funds to pick from.  Although less common, some 401K's allow
you to pick stocks and exchange traded funds.  Most all 401K's
will have some type of fixed income, usually a money market style
account for holding cash.

If your 401K offers some type of match or discount, you should
take advantage of that as much as you.  The one exception is where
you are allowed to buy your company stock--avoid that unless you
have absolutly no other choice.  You don't want to get stuck
holding the bag like the Enron folks did.

-john-

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John A. Weeks III            952-432-2708         john@johnweeks.com
Newave Communications                       http://www.johnweeks.com
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