View Single Post
Old 12-19-2008, 04:11 PM   #9
mikeinrichmond OP
Farkleus Maximus
 
mikeinrichmond's Avatar
 
Joined: Sep 2008
Location: Richmond, Va
Oddometer: 2,773
Quote:
Originally Posted by manganos
I'd reconsider that. Now that the stock price is low you are getting more shares for you $$$$ When/if the price goes up you have more shares to gain more money. Put the money back IMHO. I know a lot of people who have borrowed against their 401k because the 4 percent interest they are paying back is more then they would get by leaving it alone
I don't know how it works, I just keep getting the updates that my 401k is down 12.2% last quarter, 10% the previous etc...and until things start turning around I don't see a need to take more of my money each check right now when it keeps losing it.
__________________
'01 ZG1000 (Big Blue)
COG # 8880
mikeinrichmond is offline   Reply With Quote