My 401-K strategy, which worked rather well, was to avoid stocks and growth in favor of security. I invested the whole thing in government bonds. That way you collect the employer match and the tax break on the contributions and you only lose 1% or so each year as the fund administration fee is above the interest. It is not a bad idea if you are in a high tax bracket and can move the money eventually to something better. HR was upset that everybody who talked to me followed the same path, and had the small yearly loss. They were even more upset when I showed them how the fees on the stock funds made significant gains virtually impossible and losses almost certain. Yet another naked emperor in our midst.