[lookout123]

that is long term. for most people that would mean you have the ability to withstand more market risk in your portfolio. BUT that really has to be a judgement call by you. if you are the type that is going to pull up your account every day/ week/ or even month then you should play a little more conservative. the thing to keep in mind that this is retirement money, not going on vacation, or buying a house, or buying a lot of beer money. if you can trust yourself to only give your 401k a solid review every 6 months and refuse to pull your money out when your gut tells you to, you will be just fine.

the problem is that people have too much access to financial info without the discipline to do the right thing. that is because the right thing in investing is usually scary and uncomfortable. i think it was LJ who said it earlier - when the tech stocks crashed a lot of people pulled there money out and put it into bonds - the people who REALLY invest well are the ones who put more money into stocks.

there are 2 concepts to stick to religiously in investing
1) Buy. now. buy more. buy - only sell when there is a fundamental change in the reason you bought the stock. price going down is not a reason to sell, it is a reason to buy more.
2) time IN the market will ALWAYS beat TIMING the market.