A post from another site

[jeffmo]

Originally Posted by awthacker

401k's, just like your pension, took a beating. I'm not sure how acknowledging that proves anything. What I love about my 401k is that I decide where to invest. Currently, I'm 100% in a gold/special minerals fund. I lost 10% last week. My own gamble, and I think it will turn out well. Would you suggest that I never should have been allowed to invest my savings (for my own protection, of course)?

Absolutely not.I'd never try t tell someone what they should do with their money.
My point in saying that the 401ks took a beating was to prove that pension systems took a hit just as the 401ks did.For some reason,some folks actually beleived that they(pensions) had remained untouched.Everyone got took in my opinion.