To: Sungirl
The company I used to work for matched all my 401K contributions in company stock and I used to re-distribute my 401K ONCE A YEAR so I had no more than 4% of the total in company stock. I could trade more often but the key was balancing the 401K portfolio. I always made my contibutions to the other funds, and let the matching funds build up in company stock. If the company stock holdings got too big, when I realigned once a year, I would dump the excess into the other funds. This is investing 101. People tend to get greedy with their 401K's given the recent run up in the markets but it's for retirement. You have to be less agressive and more long term. Though I have sympathy for those who lost money, the one to blame is staring at them right in the mirror. These employees were all gung ho when the price of the stock was skyrocketing.
To: VRWC For Truth
Though I have sympathy for those who lost money, the one to blame is staring at them right in the mirror. These employees were all gung ho when the price of the stock was skyrocketing. You'll never convince them of that; or the press either; they make too good an interview.
162 posted on
01/13/2002 9:15:51 AM PST by
Howlin
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