Charlie Munger Said 401(k) Plans Should Only Offer Index Funds – No Other Investment Options: 'It's The Logical Thing To Do' [Yahoo! Finance]
Daily Journal Corp. (S.C.) (DJCO)
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Source: Yahoo! Finance
At a shareholder meeting in February 2021 for the Daily Journal Corporation, Munger openly shared that their 401(k) plan for employees offered only one option – index funds. "We have just put in a 401(k) plan for the Daily Journal Corporation," he said. "What are the investment options for the [employees]? Zero. It is all index funds." Don't Miss: The average American couple has saved this much money for retirement — How do you compare Can you guess how many retire with a $5,000,000 nest egg? – How does it compare to the average? Munger didn't think this was just a good idea – he called it "the logical thing to do." He was a longtime advocate of keeping things simple when it came to investing and believed that sticking with index funds was the best move for most people. The rationale behind Munger's push for index-only 401(k) plans wasn't just about convenience. First, index funds generally have lower fees than actively managed funds and over time, these savings can make a
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News
- With 56% ownership of the shares, Daily Journal Corporation (NASDAQ:DJCO) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
- Charlie Munger Gave His Family Fortune To 'Chinese Warren Buffett' – He Flipped It Into $400 Million: 'Backed Up The Truck And Made A Killing' [Yahoo! Finance]Yahoo! Finance
- Daily Journal Co. (NASDAQ: DJCO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
DJCO
Sec Filings
- 11/12/24 - Form SC
- 11/4/24 - Form SC
- 10/11/24 - Form 13F-HR
- DJCO's page on the SEC website