Originally posted by Mark Spritzler:
Well, I am on your side about putting money in your 401K. But in that time period, I'd say that actually the mutual funds performed worse. Many people lost more than that. Some Mutual Funds really underperformed. Those people would have still lost a lot of money, and some of those people might have been smarter and lost less money.
Originally posted by Kishore Dandu:
Tell this to friends of mine who lost tons of money in 2000-2001 because they got full control & thought(they still think) they are geniuses. They probably lost about 70% of market value in 1 year.
If some one is making lots of money, 401k contribution is suggested...