Wacky Week on Stocks

Posted October 23, 2008 by Bernz

Before you buy T-Bills or stash cash under your bed, read this!

Copyright 2008, Amy Strycula

700, 800, 900, 400 the stock markets are going up and down like a crazy roller coaster the only problem is that this roller coaster has to do with your money. This past week we saw the stock market recover 400 points of its losses, oil dropped to $70 a barrel and there is a great deal of relief at the gas pump.

The Federal reserve, the government, and such have been busy trying to correct the economy but as credit lines are effectively frozen until the large banks regain capital and unload this sub-prime debt economic expansion is at a stand still unfortunately. Right now the best thing to do across the board is to sit on whatever investments that you have. Remember my number 1 tip, you haven’t lost money until you actually sell the investment for a lower price than you paid for it.

The 700 billion dollar bailout plan slightly pacified the market but really hasn’t had that much of an effect on the economy so far. Another bailout is in the works and a possible stimulus package from congress as well as they attempt to induce economic expansion and rescue the banks.

So what does all of this money mean for you? It means that you can sit on your investments right now, follow your investment strategy, and make sure you’re in a good position for the future! Now is a great time to save and increase cash reserves so if your investing plan calls for  any kind of cash reserves now is the time to increase that or replenish if necessary. Saving is always  a good idea. Right now is the best time for cash!


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One Response to “Wacky Week on Stocks”

  1. The Current Volatility of the Stock Market | Invesmint Says:
    October 23rd, 2008 at 8:00 am

    [...] Wacky Week on Stocks [...]

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