you are viewing a single comment's thread.
A problem I have with this stock is that because it is a Chilean company, they withhold somewhere around 22% for foreign taxes, and since I hold this in a 401k I cannot claim it on my taxes. That's a big hit.
Its unusual to hold individual stocks in a 401k. I did, but it was JPMorgan Chase and it was the only individual stock offered because it was a former employer.If you can pick individual stocks for your 401k, why not sell PVD in the 401k and buy it in an individual account where you can offset the Chilean withholding tax.
I don't have any individual accounts that are not IRA or 401k. My 401k is managed by Fidelity, which does allow individual stocks thru its Brokerage link.