[goody2shooz]

I cashed out my 401k when I was laid off. The company kept trying to persuade me to leave it, claiming it would grow. Many of my former coworkers did leave theirs intact - a poor decision. The company was later bought by Enron and those workers lost everything they had invested in their 401ks. One man I knew lost more than a million dollars he'd accumulated over 42 years of saving. Very sad.

[palmer]

The company was later bought by Enron and those workers lost everything they had invested in their 401ks.

Is that a fact? My impression was the only way to lose everything was to choose Enron stock as the sole investment. Rather than factors beyond their control, the problem was people putting all their eggs in one basket.