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The Water Cooler
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Oil Price Per BBL
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<blockquote data-quote="1krr" data-source="post: 2678160" data-attributes="member: 750"><p>Problem with those big dollar/dollar matched in company stock 401k accounts is you are horribly exposed. You can't diversify half your retirement and that means on days like today, your net worth drop hugely. I most definately wouldn't buy MORE of that same stock for even greater exposure. If you want to balance the books with savings, buy another company(ies) preferably in a different sector not so tied to O/G. Or if it's play money, try to pick out some undervalued company down on energy pricing and hold it for a while (takes balls to make this play with money you care about). Not advice, just a description of what I'm doing.</p></blockquote><p></p>
[QUOTE="1krr, post: 2678160, member: 750"] Problem with those big dollar/dollar matched in company stock 401k accounts is you are horribly exposed. You can't diversify half your retirement and that means on days like today, your net worth drop hugely. I most definately wouldn't buy MORE of that same stock for even greater exposure. If you want to balance the books with savings, buy another company(ies) preferably in a different sector not so tied to O/G. Or if it's play money, try to pick out some undervalued company down on energy pricing and hold it for a while (takes balls to make this play with money you care about). Not advice, just a description of what I'm doing. [/QUOTE]
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