When l signed up for my company is 401k plan, there was a little survey thing that l filled out based on age, retirement age, etc, and it basically told me what funds to invest in and at what percentage.l am concerned now as l have lost apporximately 20% of my total value in the past couple of weeks.My question is two-fold, firstly, should l just leave my current funds as is, or should l reallocate to different funds and at what amounts?l do not wanna close my 401k altogether, and would only consider that as a last resort option.l do, however, want what little savings l have accumulated in the past few years to not vaporize before my eyes.l am 24 years old, so retirement is not anytime soon, but l still have my concerns.

My current 401k Portfolio:
BlackRock Total Return Fund 5%
Van Kampen Equity and Income Fund 15%
MFS Value Fund 10%
BlackRock Large Cap Core Fund 15%
BlackRock Large Cap Growth Fund 15%
BlackRock Mid-Cap Value Equity Portfolio 5%
BlackRock International Value Fund 20%
MFS International New Discovery Fund 10%
Oppenheimer Small & Mid Cap Value Fund 5%

Additional Funds available through my 401k Plan:
Merrill Lynch Ready Assets Trust
BlackRock Government Income Portfolio
Van Kampen Growth and Income Fund
Alger LargeCap Growth Fund
Alger MidCap Growth Fund
Delaware Trend Fund

At ur age, & considering these funds r for retirement, which for u is a very long way off, u will be better served leaving things the way they are.

Retreating from stocks right now will almost certainly be a mistake in the long run. And in fact if u did dump all ur stocks, u will probably decide to jump back in once the market rises by 10-20%. This will lose u 10-20%. So why do it?

If u were just looking to ''tweak'' things a little, l am not sure that l would change much. You have nice diversification over small/mid/large cap & a nice chunk of international exposure.

l hope you read my e mail and get some good out of it.