Monday, October 6, 2008

Don't Check Your 401(k) (11wk 4d)

Ok, don't do what I just did.

Don't just out of curiousity log in to your 401(k) account to see how hard a hit you've taken with the recent crappy stock market.

Because it will depress you. Because all of those thousands that you and your employer have contributed this year, but yet do not appear in the current balance, could have been put into a 'real' savings account where perhaps you could access them to buy things like diapers.

And it will scare you. You will shake and tremble with fear that the bailout won't be enough. That things will never rebound. And you'll lose it all. And you'll have to live with your as yet unborn children because you will have nothing.


1 comment:

Faithful Infertile said...

I'm going to tell you what I tell all my clients (I'm a financial advisor). We're investing for the long-term. History has shown the market will go back up. Look at this as a time to purchase shares cheap. Kind of like they're on sale. And just think... when the market starts to recover, purchasing shares cheap will really pay off!