Ten Tips For Surviving The Crisis

From the WSJ:

1. Check that your bank accounts are federally insured. The Federal Deposit Insurance Corporation (FDIC) guarantees deposits up to $100,000 per person. The Securities Investor Protection Corporation (SIPC) guarantees you at places like Lehman Brothers, Merrill Lynch, E-Trade and the like up to $500,000, including $100,000 worth of cash. The same rules apply: If you have more to invest, spread it across multiple firms. 3. Put money in thy purse. The rip-off checking account with the high fees and low interest. Credit is already tight, and it may get a lot tighter still.
5. Refinance your mortgage. No, your Fannie Mae shares aren’t “resting.” 7. Don’t panic. Bah. The stock market is no home for money you may need urgently. It could fall 30% or jump 30%. 9. If you are investing for five years or more, buy some stock. World markets overall have fallen 27% from last year’s peak. Invest globally. If you are looking for a value focus, Morningstar analyst Bridget Hughes likes Oakmark Global. 10. If you want to worry about anything, worry about your taxes. (If you think Lehman Brothers was bad, you should look at Uncle Sam). Oh, and if you want a break from worrying about taxes, worry about Treasury bonds.

About Luke Ford

Raised a Seventh-Day Adventist at Avondale College in Australia, Luke Ford moved to California in 1977. He graduated from Placer High School in 1984, reported the news at KAHI/KHYL radio for three years, attended Sierra College and UCLA, was largely bedridden by Chronic Fatigue Syndrome for six years, and converted to Judaism in 1993. From 1997-2007, Luke made his living from blogging. Living by Beverly Hills (Alexander90210.com), he now teaches the Alexander Technique (moving the way the body likes to move). Lessons cost $100 each and last about 45 minutes. In 2011, Luke completed a three-year teaching course at the Alexander Training Institute of Los Angeles. His personal Alexander Technique website is Alexander90210.com. Luke is the author of five books, including: » The Producers: Profiles in Frustration » Yesterday’s News Tomorrow: Inside American Jewish Journalism
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