Question: Now that the Robber Barons are in full force

TNLib

(683 posts) Send PM | Profile | Ignore

Mon Aug-08-11 06:32 PM
Original message

Question: Now that the Robber Barons are in full force

Does anyone have any investment advice for my measly 401k?

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Autumn

(1000+ posts) Send PM | Profile | Ignore

Mon Aug-08-11 06:45 PM
Response to Original message

1. I cashed mine out when I lost half of it in the last crash.

My republican SIL came over, he lost 10 thousand on his today.

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TNLib

(683 posts) Send PM | Profile | Ignore

Mon Aug-08-11 06:51 PM
Response to Reply #1

2. I want the employee match. I decided to move it into this

Edited on Mon Aug-08-11 06:51 PM by TNLib

Fidelity Money Market Trust Retirement Money Market Portfolio

Strategy
Investing in U.S. dollar-denominated money market securities of domestic and foreign issuers and repurchase agreements. Investing more than 25% of total assets in the financial services industries. Potentially entering into reverse repurchase agreements.

It seemed like the lowest risk investment I could find. Fidelity doesn't give allot of options.

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