Honestly I think he was just hearing and responding to my hesitancy to be aggressive when I first set it up. When I started I wasn't sure how my commissions would go and my emergency savings were slight-- I was afraid I might need to pull out at some point and with market trending downward, my instruction to him was to keep alot of it in cash.

In hindsight, my commissions have been better than expected and I built up my emergency fund and I don't expect any type of early withdrawal even if I lost my job today.

Hey, maybe it's a blessing in disguise-- I can use that cash to purchase more stocks than I could have at the beginning of this year!

Trying to look into the fee schedule right now. This is where my online account sends me when I click fees: https://saf.wellsfargoadvisors.com/emx/dctm/Marketing/Marketing_Materials/Image/e6748.pdf

I have a feeling my employer would be wise enough to not have a crappy one-- it's a small business and the owners are personally invested in the 401(k) as well.

I said in another comment that I didn't really think about the fact that you don't cash it out all at once when you retire. Thank you for the perspective!

Right, that makes sense. I guess I didn't really think about the fact that you don't cash it out all at once when you retire. Thank you for the perspective!

Wow, I didn't think about it like that.

I am early 30's.

Maybe I'll talk to my broker about transitioning to a more aggressive approach.

Wow, interesting to hear from someone who stuck through the 2008-9 crash. Thank you!

OK, I am getting that I am being too short sighted. A little unnerving putting that much money into such a long term investment, but that's what saving for retirement is I guess!

The 401K is a diversified portfolio. I went through the options with the broker and picked one with investment objective-- moderate growth. Has a mix of cash alternatives, fixed income and equities.

I will look into the roth IRA thing.

Thank you!

OK. It's a little unnerving investing in decades. What if when I retire the market is shit?

I am guessing the answer is that in the meantime, there will have been enough gains that even if that happens it will still have been worth it. I am in my early 30's.

Thank you!

Gotcha. So basically, stick with it because if you don't you'll miss returns (if/when the market turns around)?

Is that type of YTD loss normal?

I can afford the max yearly contribution, so I guess I'll keep doing that.