Has this happened to anyone? In October 2007, I switched my retirement fund to Fidelity.?

The financial analyst I spoke to, recommended the Fidelity Freedome Fund 2015 so I transferred my retirement account into that fund. Please realize that this fund has done very well in the last few years.

Well, the stock market is plummeting and I am losing money! I would have been better off just keeping the $$ in money market account.

I'm just really pissed that now that I decide to try the stock market, it just goes south. I think I caused this market downturn.

Should I just get out now and go back to using the money market account? They are predicting a recession and I"m very scared I won't have any money left soon.

I sincerely sympathize with your predicament. You must have invested very close to the market top and are now looking at significant paper losses and an uncertain future. Nevertheless, it would be a serious mistake to back out now and put everything into a money market account. Fidelity Freedom 2015 is extremely well structured for someone who is within a decade of retiring, as you presumably are. No investor likes to lose money, but if you ride out the difficult times a well-balanced portfolio gives you the best chance to maximize your returns and provide for a comfortable retirement. You won't achieve that goal in a money market account.

I know how you feel. I have lost money this year in my retirement account. It's very aggravating. I'm sure it will come back eventually.

You will always suffer losses but big gains will offset that. Think about it as a long term investment. There are always ups and downs but in the end you will have a nice return. If you can't take it then you are best to go totally conservative on your investments and get a less than great return.

Oh and to answer your question I don't have one but my deceased mother does. I have been watching it and it has gone down $2000 over 4 months. It's is a 403b with Fidelity through her job. Now I will wait to pull the money out until I see a better return. I have until December to make a decision so hopefully it will go back up.

Its your call based on your risk tolerance. All bull markets end, but so do all bear markets. I'm invested in the equivalent T. Rowe Price target fund and plan to leave the money there. The biggest danger, I feel, is being too conservative with retirement investing and having inflation eat it all up.