I was recently dismayed at the abysmal performance of my 401k.

I called Fidelity to question why my investment options are limited to such poor-performing funds.

The answer of course was generic, stating that I was limited to a predefined mix of funds which were agreed upon between my employer and Fidelity.

Two things occurred to me:

1) My 401k retirement is likely being pooled with other employees and invested in high performing instruments. Fidelity is benefiting most on those returns. And Fidelity really just tracks a ledger entry to give me my 1-7% returns. While they take probably 15-25%.

2) The phrase, “Not your keys, not your #bitcoin” really is applicable to many retirement accounts also. If I don’t have control over my investments, they really aren’t my #investments.

#grownostr

#tsp