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bronco67 · 01-30-2009, 10:40 PM

I know this is one of the wildest boards around, and is generally a rogue's gallery. But I also notice that there's some pretty smart people who post here. Business smart and financially smart -- with more than a layman's knowledge of the market.

My 401k has been taking a beating since the middle of last year, but I almost puked when I opened up my statement today, to see the subtraction of $12,000 in one quarter. That's a pretty sizeable chunk, considering there was only about $60,000 left.

So now that I'm in the hole for over 25 grand in the last last few months, I realize that if I sweat it out, there probably won't be anything left by the time it's all done. I know some of you probably make that much in a month, but its a lot of money to me.

Anyone have any non-specific suggestions about how to move the money, and where to get it somewhere safe? I don't care if it stagnates, I just can't take these giant hits anymore. I'd be willing to listen to some of the folks wiser than myself about these matters, before I speak with the planner involved with my 401k.

Yes, I'm asking for (general) financial advice at GFY.

01-30-2009, 10:40 PM
bronco67 Too lazy to set a custom title Join Date: Dec 2006 Posts: 29,032	So, my 401k got raped this quarter I know this is one of the wildest boards around, and is generally a rogue's gallery. But I also notice that there's some pretty smart people who post here. Business smart and financially smart -- with more than a layman's knowledge of the market. My 401k has been taking a beating since the middle of last year, but I almost puked when I opened up my statement today, to see the subtraction of $12,000 in one quarter. That's a pretty sizeable chunk, considering there was only about $60,000 left. So now that I'm in the hole for over 25 grand in the last last few months, I realize that if I sweat it out, there probably won't be anything left by the time it's all done. I know some of you probably make that much in a month, but its a lot of money to me. Anyone have any non-specific suggestions about how to move the money, and where to get it somewhere safe? I don't care if it stagnates, I just can't take these giant hits anymore. I'd be willing to listen to some of the folks wiser than myself about these matters, before I speak with the planner involved with my 401k. Yes, I'm asking for (general) financial advice at GFY. __________________ Last edited by bronco67; 01-30-2009 at 10:41 PM..