Reply #15: Most of those who lost Enron 401k funds never had them to begin with

[Tansy_Gold]

Or at least not most of them.

If they put $10K into the fund as their own contribution and that $10K exploded into $400K because of stock manipulation, and then it deflated to $10, then the contributor only lost $9,990, NOT 399,990. And since the first rule of "investing" is never to invest money you can't afford to lose, and if there were no guarantees by an outside party of the value of the Enron 401K, then it's just too bad.



TG