MrsHeg
DIS Veteran
- Joined
- Sep 30, 2004
- Messages
- 4,059
Many hugs a PD to everyone in these tough economic times, I made the mistake of looking at our 401k's recently and it wasn't a pretty picture.
Mine is in a stable fund, it doesn't earn as much but it also doesn't lose as much. The company I work for filed for bankruptcy in 2000, our 401's were totally invested in company stock, I watched it plummet thinking that surely it would reverse and go back up. Didn't happen, it went so low that it was dissolved and we lost everything, what really burned my buns was when new stock was issued and sold without those of us who lost our savings receiving anything.
DH's is not in a stable fund and has taken a major hit.
Mine is in a stable fund, it doesn't earn as much but it also doesn't lose as much. The company I work for filed for bankruptcy in 2000, our 401's were totally invested in company stock, I watched it plummet thinking that surely it would reverse and go back up. Didn't happen, it went so low that it was dissolved and we lost everything, what really burned my buns was when new stock was issued and sold without those of us who lost our savings receiving anything.
DH's is not in a stable fund and has taken a major hit.