AnimalLover748
I don't have a very good understanding of the stock market, but I know that's a bad idea. From the very little research I've done, this huge surge in Gamestop stock is only temporary. Unless you have a good understanding of the stock market I wouldn't invest anywhere near that amount of money.
Christin K
You usually cannot put your 401K into ONE stock. You can put it into one FUND--which is also just as stupid--but you can't specify what stocks your fund invests in. And if you're talking about withdrawing it and buying Gamestop stock, for crying out loud--get some intervention for delusional behavior because that's one of the stupidest things you can do. You'll pay penalties, taxes and lose your retirement completely--and if you're not at your fund's distribution age, you won't be able to withdraw the entire amount anyway.
Chamber999
No 1 stock, MF, or ETF should be 100% of your 401k.
StephenWeinstein
No. I'm saying that not because of anything about Gamestop in particular, but simply because you shouldn't put your entire 401K into any one stock.
Judy
Very bad idea..........................