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Non-Tech : The Enron Scandal - Unmoderated
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To: CountofMoneyCristo who wrote (485)1/19/2002 5:06:23 PM
From: MulhollandDrive  Read Replies (2) of 3602
 
My point is simply that their losses would have been mitigated had they been properly diversified. Not blaming them for the malfeasance of their employer, simply blaming them for not taking a more balanced and conservative approach to their 401K.

If those who had "lost everything" had simply put half of their 401K holdings in a MM fund consider how much better off they would be.

They can't lay blame for their own choices on others. As you can see from the article I posted along with my comments...this mentality is not unique to Enron employees... Seeing what can happen in the "worst case scenario" when you stock plummets to zero...I can assure you that there is probably a mad scramble to diversify now which may in fact cause a further drag on the market as employees shed some of their excess holdings and raise cash.
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