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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 9:30 AM EST

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To: Paul V. who wrote (48879)7/9/2001 8:13:10 AM
From: michael97123  Read Replies (2) of 70976
 
Headline in the NY Times 401(K) Accounts Are Losing Money For The First Time

Or should we say 201K
It is interesting that almost all advisors and gurus are urging investors to get out of bad performing funds over since the March 2000 highs. One of the oldest and most successful fund investment schemes is dollar cost averaging. Folks forget that they have purchased many of their shares of poorly performing funds at these low prices of the past months. If folks start selling their aggressive funds now they will pay the big price when the markets recover. Does anyone look beyond a year anymore? Maybe its time to listen to Battapaglia again?
Seriously what would be this threads advice for someone lets say with a five year horizon? Should they be worried now? If they are in good stocks/funds would you have them sell? John Connally calmed me down a bit over the weekend. He makes a whole world of sense in his posts. mike
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