Friday, January 16, 2009


My employer has altered the 401K plan. They have removed one plan that earned -41% and replaced it with one that earned -21% . Whew .. and I was starting to worry that I would have enough money for retirement.

Last year they removed the one plan that performed all others in all other classes: the Alger Mid Cap Growth Fund which earned something like 20% in 2007 and replaced it with a fund that was in the single digits for that year.

Alger had its problems this year with a -50% return (the replacement scored -41%.) Maybe Alger's problem started with 2.41% holding in this little gem: SAY Saytam Computers

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