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Reply to "Am I allowed to manage my own 401K?"
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[quote=Anonymous]I have a small 401K that is managed by my local Edward Jones office. It never makes much money. I am tired of paying fees and think I could do a pretty good job at picking stocks. Plus the amount I have is so paltry that it wouldn't be the end of the world if I lost my money. (10K). Does the law allow someone to manage their own 401K by buying and selling stocks on E*trade or the like? Is this a good idea? I would like to play the stock market myself. [/quote]
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