Archive for August 2008
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Can I invest in the stock of private companies?
As mentioned in an earlier Blog I have my checking account at a brokerage firm. This gives me access to any publicly traded stock, bonds, etc. But what about privately owned companies? The management of private companies can do as they please with regard to financing. Public stock is traded under the rules of the [...]
Self directed 401k for husband and wife companies.
Can I have complete control over my 401k? Yes, as long as you follow the rules.
The problem is that most companies do not want to offer you checkbook control over your 401k. There are good reasons for this. It is not just the administrative cost but the company has a responsibility for educating all employees [...]
