Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (47231)	2/4/2002 7:16:29 PM
From: Charles Tutt	Read Replies (2) \| Respond to of 64865

I have been pretty unsympathetic with the Enron 401K holders. To me it is basic that one does not concentrate one's retirement funds in the stock of one's employer. If you DO decide to take that risk, then you must be prepared to accept the downside. I also think when they calculate their losses, they should start with their actual contributions after subtracting out the tax benefits they gained, rather than with their peak account balances. We've all been hammered by the decline in the stock market, and nobody is crying for me. I know it's not "politically correct," but I think many of those folks did far better at Enron than they would have done elsewhere, and it's unbecoming for them to whine about the way things turned out. I'm more sympathetic with investors on the outside who had less opportunity to understand the true situation. I guess I'd better watch my back in Houston. JMHO, of course. Charles Tutt (TM)