martybegan
Diamond Member
- Apr 5, 2010
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1) how old were you. If under 40 losing 1/2 its value is a transient, and means you buy shares at a lower value while it recovers.
2) If you were older, you should have had more in bonds and MM's, not stock funds.
Guy, I shouldn't have to be an expert on the Stock Market to not get screwed. 401K is the biggest scam every pulled off on working folks.
You don't need to be an expert, you need to read for 1 hour on some strategies and be done with it. I have over $200k in my 401k, and I'm just hitting 40.
401k's give a company cost certainty as compared to a pension, which allows them to stay in business.