F01K safe?

When I was small Angel my Granny would say "always have something put aside for a rainy day". We are now fast reaching the stage where you have to ask yourself whether that bit that is put aside is going to keep the water out? I have no answers for you other than the banks and credit companies have fooled us and themselves into thinking that the sun would always shine and that the rainy day would never come. But now there's a storm brewing and before it ends we are going to see so much pain and misery in groups that hitherto thought that they were immune. What is particularly worrying is that when it does blow over, we shall discover that the bankers still have a stranglehold on us and we'll blindly follow their flawed advice all over again aided and abetted by our governments. Brother, can you spare a Dime?

I know, just about all investments aren't safe. Just before all these crazy things happened with the economy, I put a small percentage of my 403b into a more risk market. Luckily, most of my money is in a stable managed income account. My stocks have also taken a hit. Now, we got people scared about banks. People have to stay calm and show the world that this doesn't phase us.

That's what happened to my mom's 401K the year she got sick and subsequently passed away. She tended to move things only four times a year, at the end of each quarter (unless there was something more pressing for her to look at)--she was admitted to the hospital at the end of January, ended up on a ventilator at the end of the week, was under sedation for much of the next 7 weeks, and subsequently passed away on March 20th . Meanwhile, her 401K took a HUGE hit (her funds lost a lot during that time) and by the time my father gained control, she had lost over 30%! As for me, if it wasn't for my annuity (locked in at just over 5% in the very early 90s), I wouldn't have anything at all--my IRA funds have all lost money...and I'm supposed to continue working until 70 (or later)? Sheesh!

I really know nothing about this subject angel sweety but I wanted to say hi and send some love! xxx

I'm not a Rep. so I can't tell you. As far as I can see, you are being very responsible hun. I think I must take a lesson. LOL Oh wait, you need extra money to do that. LOL

Because Democrats rule the senate and the house.

I blindly picked my contributions to my 401K and so far I haven't lost anything but my growth has substantially slowed from 2005 when I started investing in it. I swear we would all be better off sleeping on lumpy mattresses.