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<p>[QUOTE="Just Carl, post: 342506, member: 4552"]I used to know someone that worked for a very large organization. Thier retirement fund was either a 401K, an IRA or stocks. He chose stocks. He eventually over 70,000 shares of the compan's stocks. During a rugh time the stock value plumeted down from the $40 dolllar range to below $1. His bosses told him this is the time to purchase as much as possible. They knew something. He paniced and sold it all for cash. Not much for a retirement, had to pay taxes on it. That stock is now back in the $40's. </p><p>Keep your IRA.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 342506, member: 4552"]I used to know someone that worked for a very large organization. Thier retirement fund was either a 401K, an IRA or stocks. He chose stocks. He eventually over 70,000 shares of the compan's stocks. During a rugh time the stock value plumeted down from the $40 dolllar range to below $1. His bosses told him this is the time to purchase as much as possible. They knew something. He paniced and sold it all for cash. Not much for a retirement, had to pay taxes on it. That stock is now back in the $40's. Keep your IRA.[/QUOTE]
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