[kjam22]

You know, I feel for people who lost all of their 401k because their company went bankrupt. I knew a lot of people who lost everything because they worked for Enron and everything they ha invested was in Enron company stock. When it comes to investing, there is a simple concept that I was lucky enough to have my parents teach me at a pretty young age..... that concept is "don't put all of your eggs in one basket."

I have always lived by that concept. Where I have been most lucky was my parents. My parents were great. That was the luck of the draw. But I know with people with great parents who struggle all of their lives. There is a luck element, but largely life is what we make it.

My wife and I worked very hard for a lot of years. Many hours. But we were doing the Dave Ramsey thing before anyone ever heard of Dave Ramsey. That's not luck... that's called sacrafice.

I tell people, save your money, give your tithe to the church, and don't live above your means. And, don't put all of your eggs in one basket. And with a little bit of luck it will work out for you.

[Harmless Teddy Bear]

You apparently don't know that when you have a 401k the company could keep it all in their stock. You did not have a choice about where your 401k was invested.

I believe that has changed now but at the time if you worked for Enron your 401k went up and down with Enron.

They said it gave the employees "ownership".