Quote:
Originally posted by andViolins
In my experience working with a lot of rank and file employees in a lot of plants is that this statement is incorrect. Employees do not like making decisions about their money - whether it be where to invest it or even to have to make the decision to invest it at all. Even when the Company is willing to match a percentage, the majority of employees will not take advantage of the free money.
aV
|
This is true. And many don't know where to put the money, and many people who don't seem like total morons will put a siginificant chunk in company stock -- voluntarily -- if given the option. Even post-Enron, we have groups that are DEMANDING to be given the option of a company stock investment in the 401(k). If you have automatic enrollment, they leave the money in a default investment. You get all this crap from investment gurus about how you need 25 different funds to cover the whole market, but they ignore that most people don't understand the differences between large cap and small cap and international and mid cap and s&p 500 and balanced and bond. Give people a brokerage window option -- then people who want to diversify to that degree can.
