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This is a good time to look at all of the mutual funds available in your 401K and see which ones suck less in 2008. That would be the one with the fund best managers. You may want to consider swapping your money into that fund.
My company doesn't have the best options for 401k's and they all pretty much lost around the same amounts. Anywhere from 40-50%. So my next deciding factor is the fees each fund charges. You would be amazed at how much money these guys take for losing our money this year!!!
I decided to get out of my fidelity fund and get into an S&P500 index fund. The fee's are so low it's incredible. The fee savings alone can add up to a ton of money over the course of 30 years. The funny part is that the index fund did better than some of the more expensive funds. A win, win!
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Jeff C
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