Reply #54: Apples and Oranges [View All]

The stock market (and 401ks in general) are nothing like the situation at Enron. In fact, Enron is a good argument for doing away with penssions.

People with diverse 401k or IRA or other retirment plans felt very little sting when Enron collapsed. Again, the daily or even moderate term fluctuations of the stock market mean very little to most people who have 401k retirement savings. Now, if you're 60 years old and leave your money in stocks as the market tumbles 6500 points, you don't have anyone to blame but yourself really.

As I've said in other threads, anyone who has a 401(k) should, at a minimum, do some basic research into where they need to be putting their money inside said plan and at what point they need to move some, most or all of it to safer waters.