Tuesday, Nov. 25, 2008
Diversify Internationally
You should always have your savings spread among large, medium and small stocks, bonds, and have some cash stowed in a safe short-term security. Now it's more important than ever to hold some foreign stocks and bonds as well. If the crisis deepens, the costs could prove so staggering to the government that the dollar will plunge and interest rates will rise. Foreign holdings won't be immune to the fallout, but they'll at least offer a buffer.