03-14-2002, 02:44 PM
I had a great 401K till about a year and a half a go. I'm young, so I was risky and had my entire portfolio in stock. Oops! Yeah. My 401K went from 58K to 16K in an eight month span.
Investing??? I put 10 percent of my pay a week into a stock purchase program which gives you 15% of the purchase price. Lucent is trading a 5 bucks right now...2 years a go it was at 88, so I'm getting about 20 shares every week. The only other stocks I own are NCR and AT&T and they too have seen bad times of late. But I'm not looking to do anything with this money for atleast 3 more years so I'll sit and wait....I've got time.
Investing??? I put 10 percent of my pay a week into a stock purchase program which gives you 15% of the purchase price. Lucent is trading a 5 bucks right now...2 years a go it was at 88, so I'm getting about 20 shares every week. The only other stocks I own are NCR and AT&T and they too have seen bad times of late. But I'm not looking to do anything with this money for atleast 3 more years so I'll sit and wait....I've got time.