tag:blogger.com,1999:blog-7441100604804334347.post7717815186866961825..comments2023-09-13T06:52:37.354-04:00Comments on HingeFire: The Downside of taking 401K LoansGregBhttp://www.blogger.com/profile/12293381702242782550noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7441100604804334347.post-87748033401364739042007-10-30T02:33:00.000-04:002007-10-30T02:33:00.000-04:00This article has at least one incorrect statement....This article has at least one incorrect statement. I believe that 401K loans have a place in a sophisticated investors portfolio. If your the type of investor who is running Covered Calls on all over you investments and doing stradles, there is a play for a 401K loan that allows you to INVEST the money in a security that is not offered in the 401K that can result in higher returns. I can show examples of someone making a $10K loan, using it to buy APPL stock and at 65 they are much better off then someone who was forced to choice between 4 bad funds in a 401K plan.<BR/><BR/>Yes it is a BAD idea to take a 401K loan for spending, but it is not always a bad idea to take that same loan for investing.Darryl in San Franciscohttps://www.blogger.com/profile/12848287086726130002noreply@blogger.comtag:blogger.com,1999:blog-7441100604804334347.post-28207411602103633392007-10-16T13:38:00.000-04:002007-10-16T13:38:00.000-04:00That's just crazy. I could have sworn people knew ...That's just crazy. I could have sworn people knew not to do that. Oh well...Katiehttps://www.blogger.com/profile/07041567401256534361noreply@blogger.com