Experts advise caution in adding private assets like crypto to 401(k)s

[Yo_Mama_Been_Loggin]

President Trump signed an executive order Thursday that will open the doors for 401(k) retirement investors to stash their savings in private assets.

The directive instructs the Department of Labor and the Securities and Exchange Commission to draft guidance for defined-contribution plans to incorporate private-market investments, including private equity, venture capital, hedge funds, real estate, and possibly gold and crypto.

Backers say the shift offers diversification from plain vanilla stocks and bonds and potential juiced-up returns over time.

All well and good, but they come with red flags for retirement savers.

https://finance.yahoo.com/news/experts-advise-caution-in-adding-private-assets-like-crypto-to-401ks-153313520.html

Keep your stubby tiny hands off our money perv boy.

[no_hypocrisy]

1. A vortex for retirement

First, companies stopped adding pensions to union and non-union employees.

Go with 401(k) plans, the companies said. You can manage your own money. Much better than pensions.

And you had a choice of stocks or a broad market index funds or money market. Because the only predictable risk would be if the stock market declined.

If you went "crypto," you risk losing your 401(k) to the bigger players who are playing for a quick sale and depreciation of the value.