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It's pretty standard in the world of investing that if you're in it for the long haul, there are going to be ups and downs and that you don't look at your statements every month but just have an idea of what the market is doing. When you get closer to retirement, you put your money into safer investments. Of course, you do want to diversify and not have all your eggs in one basket so to speak. Picking individual companies/stocks can be pretty risky at any time unless you have a crystal ball. Different types of funds are less risky but still subject to the vagaries of the market. My money is being managed by a very conservative firm and I have lost a lot (on paper). It has happened before and it will happen again. You are no dummy. This is happening to everyone and your husband would be foolish to be mad at you. You'll be OK. Hang in there. Just bring it up when you're reading the paper some morning.