I'm curious as to what our forum members have done with their 401K and other savings or stocks.

At my age I took a loss to re-allocate my assets rather than to wait it out, and yes I may have locked in some losses to do it. I'm still into stocks but went from a 70% stock 30% cash and bond allocation to a 70% cash and bond and 30% stock allocation. I'm taking a more conservative. approach.

I waited until I could recoup the amount I gave to an investment firm before I bailed out so I'm out the gain but preserved the original amount. If the market recovers, which it looks like it will this morning, I will still have a position in stocks, just not as much as I did.

None of us knows what the future will bring, but I wondered what everyone else did and why. I know there is, and should be a distinct difference in investment philosophy depending on your age. The experts say you should subtract your age from 100 and use that number for your stock allocation percentage. 50 years old, subtract from 100 = 50. 50% stock 50% cash and bonds.

I'll bet most will stay right where they are and wait and hope that it will recover over time.