VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (38745)	7/10/2001 9:45:39 AM
From: Jim Willie CB	Read Replies (3) of 65232

I expect to hear in 10-15 yrs about several 100's of 1000's of people complaining publically about 401k inadequacy the experiment is over a decade old now and many people have flourished with their conservative accounts but many others have been unsuccessful many are not skilled at account management, myself included most have become too dependent upon stocks, as the article said but the great majority simply are not skilled at selecting funds, diversifying, and managing it all I intend to consult financial planners in the next few months the experiment aint worked for me my 401k is down over 60% since spring 2000 anyone who thinks increasing risk for increased returns is nuts Prez Bush is tinkering with a plan for allowing mgmt of individuals SocSecurity funds I think it needs to be done by professionals, not individuals biggest lesson to me in the last year: I aint a professional how many are? / jim

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