Back in 2000, my 401K was really soaring. Then I got greedy. I thought, "hey I am young and I have several years before I need this money. I can stand more risk." So I shifted most of it into growth stocks. Then the crash came in 2001 and my 401K got absolutely slaughtered. Still makes me want to throw up when I think about it.
Advice to you youngsters: Go with one of the preset mixes if your fund offers them and don't try to get more aggressive than that.
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"... the arc of the universe is long but it bends toward justice." Martin Luther King, Jr.
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