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Originally Posted by homeboy
Back in 2000, my 401K was really soaring. Then I got greedy. I thought, "hey I am young and I have several years before I need this money. I can stand more risk." So I shifted most of it into growth stocks. Then the crash came in 2001 and my 401K got absolutely slaughtered. Still makes me want to throw up when I think about it.
Advice to you youngsters: Go with one of the preset mixes if your fund offers them and don't try to get more aggressive than that.
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yeah, my 401K is matched with company stock. At it's high point, qwest stock was trading up in the high $50's/low $60's, but as of right now it is at $6.69 and that is an improvement over a few years ago where it got down to around $1.
