(02-28-2020, 03:46 PM)HURRICANE!!! Wrote:

(02-28-2020, 12:33 PM)The Real Marty Wrote:

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Are you trading in a retirement account or something?  Why would they be warning you about excessive trading?

It's only 401k in Fidelity.  The message stated that excessive trades go against the integrity and purpose of the funds (or something like that).  In other words, they don't want people running to the bond fund for a few days to shelter their $$ from market hits then pop their money back into Large Cap funds (Amazon, Apple, Alphabet, Microsoft) during upswings.

I would leave a 401k alone, especially since they are typically mutual funds.  If you want to actively trade I would suggest opening up an IRA with a brokerage.  I wouldn't do so if your company matches 401k contributions.  I would just contribute the max and leave it alone.  Depending on your age I would look at either a "target retirement date" mutual fund or keep a classic 60% to 40% equity/bond ratio.

I personally use Fidelity as my brokerage, though there are others.  I rolled over several 401k accounts into both traditional and ROTH IRA's since the current contractor that I work for doesn't do matching to 401k's.  I didn't like any of the offerings in the company 401k so I chose to manage my retirement account on my own.  This was back in 2011 and I have been doing so since.  I also manage my wife's retirement account pretty much the same way.  Her multiple 401k accounts were rolled into an IRA.

I also have a separate brokerage account that I manage on my own and fund from my salary.  I opened this way back in the early 2000's and put money into it as I could.  When we paid our house off in early 2010 I began to fund this with what used to be our house payment.  With the money that I have saved/made off of this account I managed to buy some property, a couple of tractors and other equipment as well as some livestock.

Trading on the market is not for an "average" investor.  I spent a lot of time researching and learning.  You can make a lot of money in the market and at the same time lose a lot of money if you don't know what you are doing.  I am by no means an expert, but I have managed to do pretty well AFTER doing the research and educating myself.  One of the biggest lessons I had to learn early is about Capital Gains Taxes.  When you sell shares, you don't get what they were worth after Uncle Sam takes his share.

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