These are indeed tumultuous financial times and if you have a job, you should do all you can do to keep it. The financial tsunami has hit the capital markets, and now the repercussions are starting to hit. Job layoffs announced this week included a stunning 24,000 RIFs at Hewlett Packard, 7000 RIFs at American Express, 3,000 at Motorola, and these add to the already announced 3,200 Goldman Sachs, 25% cutback in salaried and contract workers at Chrysler, 1,000 jobs cut at Yahoo, and approximately another 10,000 positions lost at the bankrupt Lehman Brothers, to name a few.
In times like these, you need a good lifeboat strategy for preserving your capital, preserving your job, and preparing for rainy days ahead. A short list of 12 financial tools were published today that provide some useful aids for those preparing for the future, or battling financial crises now.
PICKING UP THE PIECES: 12 OF THE BEST RESOURCES FOR INVESTORS IN TOUGH TIMES; 19-Member Alliance Including SEC, Fed, FINRA and States Highlights Timely Investor Education Tools. The new “Picking Up the Pieces" section of the AIE Web site features the following 12 top resources for consumers:
Top Five Facts When Investing in Turbulent Markets - CFA Institute.
Caution to Investors Against Making Uninformed, Sudden Decisions Amid Wall Street Crisis - North American Securities Administrators Association.
Mortgage Foreclosure Resources - Federal Reserve Board.
Treasury's Guarantee Program for Money Market Mutual Funds: What You Should Know - Financial Industry Regulatory Authority.
How Safe Are My Savings? - PathToInvesting.org/SIFMA.
Account Protection Concerns During Market Volatility - National Futures Association.
How SIPC Protects You in Case of a Brokerage Firm Failure - Securities Investor Protection Corporation.
Information for Individual Investors on Recent Market Events - Securities and Exchange Commission.
The Importance of Being an Informed Investor - Investment Company Institute.
Bank Failures, Mergers and Takeovers: A “Phish-erman’s Special” - Federal Trade Commission. Is R-I-S-K Really a 4-letter Word? - American Association of Individual Investors.
Life Crisis - Financial Planning Association.
For the full article follow this link
http://www.investoreducation.org/Release103008.cfm?CFID=258257&CFTOKEN=63217831
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