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Message: <blockquote data-quote="Richard L" data-source="post: 827144" data-attributes="member: 52972">A wise man once told me "That it makes no difference if the stocks you own go up or down, unless you are ready to sell".  I have stocks and they have lost money, but I don't fret about it.  I am still ahead of the game overall and still make the maximum contributions to my 401K.  With my employers contribution I am still make way more money than I have lost.I also have about $40K in my interest bearing checking account that pays 4.01% interest, with no service charges and I get my checks free. Someone recently asked "Who would keep more than $10K in a checking account?"  I laughed since that's more than most people are making in the stock market these days, and only if they are very lucky.  Most people are loosing more than I'm making   This last quarter my 401K lost 10times more money than I made in interest for one month on my checking account.Until the stock market gets on a firmer footing, I will just keep my extra cash in my checking account where it's making money not loosingit....Rich</blockquote>