Thursday, July 3, 2008

Stock market

I am going to have to pay off a credit card bill in the next week but my stocks crashed this week. This is not good. If the market doesn't shoot back up again this week I'm going to have to sell at a loss just to pay off my credit cards in time.

I am going to have to keep more cash on hand next time the market fluctuates back up just in case this happens again.


Blogger Spitfire said...

you may also consider allocating some of your funds into bonds/fixed income to weather any future storms of this sort. Etrade and ING have some great online money market accounts with good returns. Also, I'd consider CitiBank locations since they're global... Good luck, buddy!

July 5, 2008 at 12:02 PM  
Blogger Jimmy said...

Thanks Leo. I am going to keep about 15% in money market funds as soon as the market recovers (if it does) like you recommend.

July 9, 2008 at 11:29 PM  

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