Reply to how much are you losing, per quarter, on your 401K?

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[quote=Anonymous]Holy f&&&. I suppose it is not as bad as a few years ago, but I just got my 401K statement in the mail. I don't follow it daily because I can't handle the stress. I lost 15 percent this quarter. Like,  a TON of money. How the fuck do you lose that much money in 3 months time, was my plan investing in fucking netflix exclusively or something? I don't know much about stocks, and basically do what the plan's guidelines are. I suppose I have only myself to blame for this for not knowing more about it, (I mean, besides blaming the economy) but I don't have investments outside of the 401K and our plan is really limited and, I'm going to be really super honest here, I just don't understand the stock market and investing and I've made HUGE attempts to understand it. I just don't. I rebalance according to what "they" tell me to do, etc. So how do I lose that much money??? Seriously, at this point, I feel like I would be much better off just stopping the 401K and squirreling my money away in a sock. I'm really starting to lose faith in this 401K system. My company matches a little bit (4 percent) so that's the incentive to stay in company, but I'm losing so much that the match isn't doing me any good anyway. I think I'm losing principal! Ugh. I'm really upset. It's so hard for us to put that much money aside for retirement, and I don't feel like it is doing us much good. I do understand that you have to ride things out for the long term, but I've been investing in this thing since I was in my early 20s (late 30's now) and I haven't built wealth in it the way I'd hoped. I am going to call a planner and see if I should be just investing elsewhere, and F the tax / match benefits. Certainly feels that way. (And sadly, we do not have enough income to do both, really).

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