Down 10% in 401K for October

You said you have invested aggressively. You had to know this was possible with that type of approach. If this keeps you up at night, get more conservative.

Your investments should never keep you up at night. If so, rethink your strategy

You don’t lose until you sell.

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I have invested very aggressively with my 401K over the years, but lost 10% in October alone. I haven't seen a drop like that since 2008. Should i keep my eyes closed and let it correct, or should I start looking at alternatives?

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Depends.

Are you closer to 25 or 65?

So what would you do if your favorite liquor, than rarely goes on sale, was suddenly 10 percent off?

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Seriously -- and I would imagine this topic may have been discussed on this site numerous times -- but what are your thoughts on how far before retirement a person should dramatically reduce his equity holdings?

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There is no simple answer, everyone's situation is unique. Things like do you have any other sources of retirement income such as a pension, will your portfolio be large enough that you could tolerate large swings in the market, and still maintain your standard of living in retirement? Which would cause you more mental anguish, having your portfolio decline in value 50% during retirement, or missing out on possible 50% growth, and a multitude of other questions.

I see people bitching about the huge loss lately. I’m in a target fund (in my 401k) and haven’t lost nearly as much as I would have expected. I’m kind of pissed off that I wasn’t aggressive enough to begin with.