A.I.M. For Exchange Traded Funds

[Toofuzzy]

Hi Bandito:

>>>, I am new to the board and would like to ask a question. I want to begin trading my 401k account and want to move it to a family of mutual funds that allows daily trading or set it up as trading account where I can invest in individual stocks. Can you reccomend a fund or a broker that alows this without penalties.
Thanks,<<<<

Your 401K determines who you can invest with (the administrator) and what you can buy within the plan (the plans offerings). You do not have a choice (of broker) and you can not USUALLY buy individual stocks (and probably should not anyway unless you have something north of $100,000 >just my opinion<)

If you are the person that picks the plan administrator that is another story.

Having said that look for low cost index funds to invest in within your 401k and treat all your investments inside and outside of the 401k plan as a basket that needs to be diversified as a whole.

Toofuzzy