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Message: <blockquote data-quote="Dracula" data-source="post: 3729916" data-attributes="member: 42691">My losses had nothing to do with extra houses, outside of the considerations that my 401k and that money was tied up into mortgage-backed securities, that I had no knowledge of. My losses were strictly 401k related. At 41 years old, maybe I should've invested in all bonds and US treasuries. That would've saved my 401k. But that's not what conventional wisdom tells you. That, tells you to go risky while you are still relatively young. Turns out, that wisdom doesn't work out so well...unless you're a banker.Now, I'm like the rest of you. Maxing out my 401k, hoping I'll eventually be able to work above my water level. I'm just not sure how long that will take...</blockquote>