Quote:
Originally Posted by Armistead
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.
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In a sense, yes, it was only a paper loss concerning stocks. As far as forced, I do not have to contribute to my 401K but knowing myself I do not have the discipline to do it on my own. Therefore I elect to have money taken each week. My portfolio is handled by folks that specialize in 401K. They are paid for their service. I get monthly reports and any switching of funds. All of my stocks are conservative in nature. Aggressive stocks and aggressively grow or aggressively lose as well.