Although retired I haven't done anything with my 401(k) and don't plan to use it before 70 1/2 (or maybe 75 if congress actually passes that legislation). It is invested about 60% growth and 40% stable but I got a real shock today when I checked on the "stable" investment and saw it had dropped over 14% in just a couple of days.The way the fund is described it invests in investment contracts such as GIC (whatever that is) issued by banks and insurance companies. Have you savy investors any ideas what might cause such a big drop in such a fund? It doesn't have a ticker so I can't check it out beyond requesting a copy of the prospectus or the trust document (whatever that might tell me).I think I know what is is but now I don't know what stable is. Any comments will be greatly appreciated.
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