The Finch Formerly Known As Gold

17 January 2003

A bustle in my hedgerow

And a considerable row it is; being a defensive person by nature, I have constructed my 401(k) accounts in such a matter that dismal stock-market performance is largely offset by gains in other areas. While this hedging wasn't as startlingly effective last year as it was in the two years preceding, I did manage to hold my losses (the fund manager calls them "negative returns", which is a tad too euphemistic to suit me) to less than 3 percent, which, given yet another year of stocks in the toilet, isn't all that bad.

Younger and more aggressive investors, as you might expect, took it on the chin, or perhaps in more painful locations. Of course, if stocks actually turn upward for an extended period, the way they used to in the Good Old Days, their portfolios will perform better than mine, but in the meantime, there's still time to change the road they're on.

Posted at 7:18 AM to Common Cents

I can handle the funds placed by me for the least amount of "negative return". My employers matching funds however are in the form of their stock which has been in the toilet for some time now :( Net result . . mucho loss. I fear the same thing is happening to a lot of others :(

Posted by: ms7168 at 7:20 AM on 18 January 2003

This is the complaint leveled by all those recently-departed Enron employees.

Perhaps I'm at an advantage here in that my employer is privately held — it would never occur to them to dole out stock to us unworthy nonrelatives — and therefore the matching funds can, indeed must, be invested elsewhere.

Posted by: CGHill at 9:36 AM on 18 January 2003

sent me some information about hedgerow advantage.

Posted by: julia at 5:42 AM on 17 May 2003

See your investment counselor.

Posted by: CGHill at 8:23 AM on 17 May 2003