Is Your Money Safe? Answers to 12 Burning Questions

Is Your Money Safe?
by Ron Lieber and Tara Siegel Bernard
Wednesday, October 1, 2008

Q. Why did the stock market fall so far so fast on Monday?

Q. What's likely to happen in the markets over the next few days?

Q. Is any investment truly safe right now?

Q. What about Treasury bills?

Q. My retirement portfolio has been wrecked by this. How should I respond?

Q. But what if I am about to retire? Then what?

Q. With things looking increasingly gloomy, though, why not allocate extra cash to other types of savings or paying down debt?

Q. Is it time to buy stocks?

Q. I'm worried sick about my parents, who rely on stock dividends for their income. What will happen to them?

Q. I'm a long-term investor and prefer not to see my retirement balances as real numbers for now. So the crisis doesn't feel like it has hit me financially yet. Should I be doing anything defensively?

Q. What's the next shoe to drop?

Q. What about more bank failures?



See answers => http://finance.yahoo.com/banking-budgeting/article/105872/Is-Your-Money-Safe?