Sure

Posted By: LK on 2009-02-27
In Reply to: You keep saying things like this. - exSpheris

Mine lost 40% because I had most of it invested in stock funds. This has been my long term strategy for years and the fact is the stock market goes up and the stock market goes down. If you're not right near retirement age, it is generally recommended that you keep a larger portion in stocks and pare down as you get closer to retirement. I've made a lot of money in the stock market, and now I've lost some. No big deal, really. Sure I'd like to never lose, but that's not reality. You have to have a reasonable plan and then stick to it, and over time you'll be fine. At least I know what I'm doing and understand how my 401 K works. Everybody should if they're going to put money in a 401K. There's no excuse for ignorance.

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So much for my Spheris 401K - exSpheris
- My 401K with Spheris did not lose value. - Spheris MT
- Was it matching money? If so, - .
  - not matching for a couple years now since I left. - exSpheris
- I think everyone should file a class-action suit - against these investment companies! -nm
  - WE are responsible - LK
    - Get over yourself. I'm talking about the hogs - who made a bad system worse,
      - Everybody else to blame - LK
        Be sure to remind yourself of that when - YOUR retirement time (or lack of) -
    - You keep saying things like this. - exSpheris
      - Sure - LK
- How? - LK
  - actually, I added it up. - exSpheris
    - Decreasing 401Ks - LK
      - you lost 40% this time. - MQer
        401Ks and how they work - LK
      - sorry, you'll have to take my word for it. - exSpheris
        401 K - LK
        I don't think you can interpret Balance: $0 in any other way....lol - exSpheris
        My 401K is in the bank and nothing has been lost - Lula
- Mine went from 9500 to 8500. Not touching - it anyway.
  - Mine lost about $85K - the equivalent of about - four years' income. - DOWN THE DRAIN
    - So after losing all that, what did you do? nm - Questioning
      - Said, "oh, well - I knew I was never going to get to - retire anyway". - sm
    - Next generation won't need to support us-SM - Long-Time MT-NY
      - I'm sure glad you understand those restrictions.... - others are laughing at that notion.....sm
        That whole thing sure got misinterpreted! - What hospitals do you type for? - sm
        Health plan - Long-Time MT-NY
- Sorry to hear, how much did you lose? - Sadie

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