A couple weeks ago I read an article of yours where you were suggesting in in investing into Vanguards energy ETF, are you still recommending this as I am highly considering to purchase. In addition, are you allowed to (without fees) to roll ever 401k money from a firm like Wells Fargo to vanguard energy ETF or the vanguard mutual fund? Thank you for your time!
Yes, I’m still buying the Vanguard Energy funds in my 401K. As I said in my article, I can’t buy the ETF in my 401K, so am buying the mutual fund instead. Here’s the article.
I’d like to add to my position when oil is under $30, which is lower than it is now.
You can’t roll from a 401K to a mutual fund. You can, however, roll from one 401K to another, or from a 401K to an IRA, both providing you’re no longer at the company.
In other words, if you have a 401K where you work, you have to leave it there. If you’ve left that job, you can roll it over.
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