Private Equity wants access to your 401K money

SC Maintenance said:
Its not your money - its your tax sheltered money. As long as its tax sheltered the government gets to make the rules to protect most of the public. Should a wall street no moral hazard managed fund provider be able to stuff granny's retirement account full of meme coins?

If you want to invest in non traditional things its easy. Take your 401K money out. People on this board are always complaining about the 401K rules. They don't want 401K's or IRA's. What they want is tax free status on their investments so they can run their private individual hedge fund. ie they want their cake and eat it too. Pension funds never had that ability either.
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It is tax sheltered true, but is your money and it's perfectly legal to invest in legal things if your plan allows it, not the government.

https://duckduckgo.com/?t=ffab&q=Brokeragelink&ia=web

Sure .gov makes some rules, but again. Your money. The gov protecting the public? OK whatever.

You don't have to take your money out.
 
Well, the entire wall street / govco / income tax is an incestuous grift from top to bottom, so I guess what do I care if they take your money into some re-hypothecated black hole.

No wonder our young people are happy to own bitcoin and have no interest in our traditional crap. At least with bitcoin you can see the chain of custody.
 
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