"God Bless the Dream, the Dreamer and the Result." 

Tuesday, September 30, 2008

How to Protect Your Money

After the biggest single-day's loss in Wall Street's history, even Americans whose sole investment is a bank account are nervously scratching their heads. Here are some guidelines to the failed-bailout crisis from the New York Times:

What happens next? The market's deep dive may scare Congress into passing the bailout or a new bill, at which point stocks may rebound.
Should I buy? Stocks are swinging wildly, so Wall Street is a gamble. Be prepared to lose big if you take the risk, but you may come out lucky.
If your retirement portfolio is bust, keep saving and give it time. If you're preparing to retire now, reconsider. It's not a good time to quit.

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