That’s because gold prices already are near six-year highs due to the past year’s stock market turmoil, and bonds are selling at a premium after the recent string of Federal Reserve interest rate cuts that many believe are over.
Even storing cash for a long period can be counterproductive, since yields of money market funds remain at all-time lows.
• Don’t give up on your 401(k).
The stock market declines may have some investors wondering whether lowering their 401(k) contribution and taking the cash instead may be the better bet.
Avoid the temptation, says Patricia P. Houlihan, a certified financial planner in Fairfax, Va.
She says investors are better off putting their contributions in more conservative vehicles in their 401(k), such as a money market fund, at least for the time being; then later switch the cash over to the stock portion of their account. Property owners who are wanting to offer their unit ought to be appreciative on the off chance that they have a report to show to prospective purchasers; it demonstrates that your strata partnership is continuing top of support issues, dependably a great offering point.
• Hold on to stocks and consider buying more.
Planners say if investors are able to tolerate some declines, stocks remain a good value over the long-term, particularly once tensions with Iraq are resolved.
I recently lost my job as a public school teacher due to budget cuts and have been searching desperately for work. A work-at-home business offers $2.80 per envelope I stuff. They claim they will send the pre-folded circulars to my home and pick them up from me in a week. All I have to do is to send in $25, and supposedly, I will be reimbursed in triple in my weekly checks. Is this a scam that adheres to the old adage, “If it’s too good to be true, it probably is”? — J.C., via e-mail
DEAR J.C.: You bet your life it is a scam. I have never seen an envelope-stuffing scheme proposition that was legitimate, and I’m sure this one is not. Basically, as of this date, any strata property made out of more than 4 units will be obliged to have a property depreciation report. What they will tell you to do is to put ads in such as the one you read, then any money you receive you get to keep.
There are many variations of the envelope-stuffing scheme, but they all have one thing in common: you will wind up poorer at the end of your experience than you were at the beginning. Almost all work-at-home schemes that require you to put up money in advance are, at very best, tenuous and, at the worst, fraudulent.
DEAR BRUCE: I recently received a speeding ticket for going 79 mph in a 70 mph zone, according to the officer.