Comments on: Slowing Economy: Protect Your Money http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/ Hire a Blogger Sat, 13 Mar 2010 20:37:31 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Protect Yourself Against A Recession | http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-7390 Protect Yourself Against A Recession | Wed, 19 Nov 2008 04:29:51 +0000 http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-7390 [...] these too: How Do You Deal With The Recession? Protect Your Money In A Slowing Economy Recession Forces Americans To Delay Retirement 5 Great International Funds Subscribe: Email Or [...] [...] these too: How Do You Deal With The Recession? Protect Your Money In A Slowing Economy Recession Forces Americans To Delay Retirement 5 Great International Funds Subscribe: Email Or [...]

]]> By: Investments on The Finance World For News and Information Around The World On Finance » Blog Archive » 4 Tips for Protecting Your Money in a Slowing Economy http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-451 Investments on The Finance World For News and Information Around The World On Finance » Blog Archive » 4 Tips for Protecting Your Money in a Slowing Economy Fri, 18 Apr 2008 06:56:30 +0000 http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-451 [...] 4 Tips for Protecting Your Money in a Slowing Economy A full year makes a lot of sense during a recession. Money should be completely liquid, so a money market account is a better choice than a CD. Another option is a high-interest savings account such as the ING Direct Orange Savings … [...] [...] 4 Tips for Protecting Your Money in a Slowing Economy A full year makes a lot of sense during a recession. Money should be completely liquid, so a money market account is a better choice than a CD. Another option is a high-interest savings account such as the ING Direct Orange Savings … [...]

]]> By: MomGrind http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-360 MomGrind Fri, 11 Apr 2008 14:17:34 +0000 http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-360 @ MilkYourMoney: savings rate in the US are so low, perhaps it can only get better from here. Or maybe it's wishful thinking. @ MilkYourMoney: savings rate in the US are so low, perhaps it can only get better from here. Or maybe it’s wishful thinking.

]]> By: MilkYourMoney http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-359 MilkYourMoney Fri, 11 Apr 2008 14:03:31 +0000 http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-359 "Personally, I hope that a tightening credit situation will finally nudge Americans in the direction of borrowing and spending less, and saving more." I'm in total agreement with this comment. The solution for no money is not to borrow more, but to save. Home Equity loans can serve as a good option for some, but only under certain situations. Until you are making interest and not paying it, are you saving. “Personally, I hope that a tightening credit situation will finally nudge Americans in the direction of borrowing and spending less, and saving more.”

I’m in total agreement with this comment. The solution for no money is not to borrow more, but to save. Home Equity loans can serve as a good option for some, but only under certain situations.

Until you are making interest and not paying it, are you saving.

]]> By: MomGrind http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-355 MomGrind Fri, 11 Apr 2008 04:18:54 +0000 http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-355 @ironman: yes, I think it is. I may up ours to around 30%. @ironman: yes, I think it is. I may up ours to around 30%.

]]> By: ironman http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-354 ironman Fri, 11 Apr 2008 04:01:22 +0000 http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-354 50% in international stock? isn't that excessive? 50% in international stock? isn’t that excessive?

]]> By: MomGrind http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-343 MomGrind Thu, 10 Apr 2008 20:18:08 +0000 http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-343 @ Hunter: I just read today on www.moolamoney.com that some experts recommend 30-50% in foreign stock. While I wouldn't go as far as 50%, I am contemplating upping our foreign stock holdings to 25%. @ Chris: I am not a financial adviser... but in your situation, you should probably start with a low-cost index fund such as Fidelity Spartan 500 Index Investor FSMKX. Check it out on the Fidelity website www.fidelity.com. Minimum is $10,000. The Vanguard 500 Index VFINX is slightly more expensive but has a minimum investment of $3000. Check it out at https://personal.vanguard.com/. Before investing, you should be aware of potential risks - and rewards. I highly recommend http://www.fool.com/ as a great source of investing info. @ Hunter: I just read today on http://www.moolamoney.com that some experts recommend 30-50% in foreign stock. While I wouldn’t go as far as 50%, I am contemplating upping our foreign stock holdings to 25%.

@ Chris: I am not a financial adviser… but in your situation, you should probably start with a low-cost index fund such as Fidelity Spartan 500 Index Investor FSMKX. Check it out on the Fidelity website http://www.fidelity.com. Minimum is $10,000.
The Vanguard 500 Index VFINX is slightly more expensive but has a minimum investment of $3000. Check it out at https://personal.vanguard.com/.

Before investing, you should be aware of potential risks – and rewards. I highly recommend http://www.fool.com/ as a great source of investing info.

]]> By: Chris http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-338 Chris Thu, 10 Apr 2008 15:28:22 +0000 http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-338 I've always wanted to buy stocks but never brave enough to pull the trigger. At what amount is a resonable start? I agree with your last line that hopefully with everything that's going on with the credit crunch people will finally stop spending more than what they make. I’ve always wanted to buy stocks but never brave enough to pull the trigger. At what amount is a resonable start?

I agree with your last line that hopefully with everything that’s going on with the credit crunch people will finally stop spending more than what they make.

]]> By: Hunter Nuttall http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-336 Hunter Nuttall Thu, 10 Apr 2008 14:48:02 +0000 http://momgrind.com/2008/04/10/4-tips-for-protecting-your-money-in-a-slowing-economy/#comment-336 I like how you recommend foreign stocks to hedge against the dollar. When I hear people say you need to buy gold because the dollar is falling, I think "why not buy foreign stocks?" That way you're out of the dollar, but also the stocks should appreciate. It seems to me that gold should only keep pace with inflation in the long run, while stocks generally go up. I like how you recommend foreign stocks to hedge against the dollar. When I hear people say you need to buy gold because the dollar is falling, I think “why not buy foreign stocks?” That way you’re out of the dollar, but also the stocks should appreciate. It seems to me that gold should only keep pace with inflation in the long run, while stocks generally go up.

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