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.
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.
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