401(k) Balances Still Below 2007 Peaks

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Admittedly, I'm youngish, so I didn't have _that_ much to lose in 2008, but still, I kept buying stock funds (dollar cost averaging) all through the lows of 2008 and by mid-2009 I was beyond my 2007 highs, and now I'm way way beyond.

My only regret from 2008 was that I was 100% in stocks, which was fine except it meant I had no cash to invest into stocks while they were low. I could only buy with my paycheck contributions. Lesson learned, but I still came out of it quite well.

http://401kcontrarian.blogspot.com/

Andy of VT 10:24AM December 13, 2010

Shame it will take 3-4+ years to get our 401k accounts back where they were in 2007. Almost criminal, especially for those nearing retirement. Maybe there's a better way.

Mike

www.protect-my-401k.com

Mike of TX 11:51PM November 24, 2010

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