Message Font: Serif | Sans-Serif
 
No. of 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




Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
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 Glassdoor #1 Company to Work For 2015! 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