question about foreign investment
A good friend has offered me a share in start-up business opportunity in a European country. I feel the investment would be a very good one with low risk, but the majority of the funds I have available to make the investment are currently in a 401k. One strategy is just to take a loan from my 401k, but that would be a last resort because I would have to make monthly payments that would stretch my resources. I have examined other courses of action, but am looking for the best way to take the 401k money and invest it directly and not lose the qualified status of any returns. One consideration is for me and my friend to start our own separate company-- the sole purpose of the company being to house the investment in some manner. Of course the devil is in the details and I was hoping someone here could provide some guidance on this strategy or others.
Thanks in advance for any advice.
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