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Originally Posted by AVGWarhawk
Then what do we have? IRA that companies do not offer. Pension plans? Not one the table anymore. However, companies will sponsor a 401k retirement program. So never meant to be a retirement program means nothing. It has become one! Either way the potential to loose any gains is present. Even the potential to loose the original investment. It is unfortunate the USA allows this type of risk taking on a retirement plan but provides very little help to the individual when the market goes belly up. We get an answer of better smarter investing next time. As for me, my portfolio is set up for conservative investing and monies spread over several options and a few in foreign funds. In short, diversified. This helps in situations like this but I still take some what of a beating. I think I might start hiding cash in the mattress!
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Your cash has just as much value in the mattress as it does the bank so why not.
That's the danger of stocks, stocks aren't real value. Last downfall they say we lost trillions, so where did the money go, no where, it was the assumed value at the time, nothing real.
The danger of most 401's are workers are forced into options and usually can only change that option a few times a year. That really sucks, factors show the market is gonna fail and you can't sell when needed. All you can hope is the ones investing for you do the right thing, but more than not they take high risk, because it's your money.