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<p>[QUOTE="-jeffB, post: 4247078, member: 27832"]<waves hand></p><p><br /></p><p>My 401(k) (actually a 403b) lost between 40% and 50% of its value during the 2008 crash. It regained all that and more over the next few years, and the money I put into the account during and after the crash increased proportionately as well.</p><p><br /></p><p>Individual stocks can go to zero, but the market isn't going to, not ever. Yes, the dollar will be worth less the more we print, but equities grow beyond that, because they capture actual production of actual human endeavor. Even if "the banksters" or some other Them are skimming off the top -- and, yes, there are always people skimming off the top -- the leftovers they grudgingly hand down still perform consistently better than a pile of shiny metal.</p><p><br /></p><p>Now, if you were <i>leveraged</i>, or if you were equity-heavy at a time when you <i>need</i> to be making withdrawals, well, this is the risk that everyone warned you about.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 4247078, member: 27832"]<waves hand> My 401(k) (actually a 403b) lost between 40% and 50% of its value during the 2008 crash. It regained all that and more over the next few years, and the money I put into the account during and after the crash increased proportionately as well. Individual stocks can go to zero, but the market isn't going to, not ever. Yes, the dollar will be worth less the more we print, but equities grow beyond that, because they capture actual production of actual human endeavor. Even if "the banksters" or some other Them are skimming off the top -- and, yes, there are always people skimming off the top -- the leftovers they grudgingly hand down still perform consistently better than a pile of shiny metal. Now, if you were [I]leveraged[/I], or if you were equity-heavy at a time when you [I]need[/I] to be making withdrawals, well, this is the risk that everyone warned you about.[/QUOTE]
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