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Personal Finance and Investing

QED

(3,375 posts) Thu Jun 4, 2026, 12:30 PM 17 hrs ago

How can I avoid my 401k participating in the SpaceX IPO? [View all]

My 401k is managed by my bank. When I was with Fidelity I decided where to put my money and if I were still there, I'd probably move my money to bonds. But I really don't know anything about any of this.

I don't trust Elmo one bit and think this is just a ploy to further line his pockets.

8 replies

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How can I avoid my 401k participating in the SpaceX IPO? [View all] QED 17 hrs ago OP

Lots of research to do. bucolic_frolic 17 hrs ago #1

You can't because of "discretionary investment authority." You might try moving it to a self-directed in2herbs 17 hrs ago #2

I suspect not much you can really do, beyond..... lastlib 17 hrs ago #3

Credit Union guy said I don't have indexed funds. QED 16 hrs ago #4

What do you have? Fiendish Thingy 16 hrs ago #6

That's a bit of a generalization and not accurate in all cases bucolic_frolic 15 hrs ago #7

Mutual funds have much higher fees than ETF's.nt Fiendish Thingy 14 hrs ago #8

Going all bonds would be a bad move, especially now Fiendish Thingy 16 hrs ago #5