Can one work for Target & own stock for both Target & Wal-mart?

Question

I have part of my check invested into the Target stock and the Stable Fund. But this not actual stock, I have no certificate. I was wondering since i work at Target and part of my paycheck is vested in the company can I also buy Wal-mart stock as well? Is that conflict of interest? Or does COI only apply to employment?

Answer 1

You are free to buy stock in any company you wish.  COI only applies to employment, but I don't think Target would have a COI restriction for it's employees.

Answer 2

you can check with personnel to find out the exact rules of the policy, it is not uncommon for target employees to be invested in Wal-Mart as Wal-mart is one of the Dow Jones industrial, very widely  traded and a component in many mutual funds

Answer 3

i dont see why not i dont see why they would look into or fire you for it they cant judge you for smart investments