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Old 11-04-2009, 09:39 PM   #41
Thinks s/he gets paid by the post
Koolau's Avatar
Join Date: Jul 2008
Location: Leeward Oahu
Posts: 2,326
After the '74/75 stock market mini-crash, I thought I'd try going to all "cash" in my 401(k). So I used the "stable value" fund offered by the plan. It did "OK" for a cash type fund and I saved prodigiously. However, the reason I was able to retire was that my plan only matched with company stock and didn't allow me to sell the stock or transfer it to another fund within the plan (that changed late in my c@reer.) And here is the ironic part (and a round about way of answering "probably not!" to your original question.) My company's stock became something like 80% of my 401(k) plan before I finally was allowed to take most of my winnings off the table. I probably would still be slaving away at my old j*b if it weren't for the "stock market".

I DO NOT recommend this as a plan, but I DO recommend being lucky instead of good. Worked for me.

Ko'olau's Law -

Anything which can be used can be misused. Anything which can be misused will be.
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