Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (30) | Ignore Thread Prev | Next
Author: joetangerine Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25316  
Subject: Re: DO NOT let this happen to your 401k! Date: 12/19/2001 6:47 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Posting from scottfm at WCOM board:

some MCI old timers might relate to this. or anyone who works/worked for Nortel, Enron, or any of the other companies who have seen their 401K's drastically reduced as a result of not diversifying or not being able to from their company's stock.

The topic of the article reminds me of an intersection we have out here near work. Seems like there's an accident per month out there, yet the city won't take the necessary step of putting in a traffic light until someone is killed (or so we theorize). It's a shame it takes however many people to lose the bulk of their retirement money for someone to initiate change in the system.

The Danger in a One-Basket Nest Egg Prompts a Call to Limit Stock
http://www.nytimes.com/2001/12/19/business/19RETI.html?todaysheadlines




Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (30) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement