Comments | rosabarba: I'd Trade Some Anxiety for Some Austerity Right Now

rosabarba

I'd Trade Some Anxiety for Some Austerity Right Now

Oct 09, 2008 18:35

Ya know, I've been brooding over this slow-motion crash in our economy for more than a year. I feel I'm as well prepped as I can be. I have a tiny balance on a car loan, no other debt, a reasonably Spartan lifestyle, and the foresight and cowardice to have moved most of my little all out of the market months ago ( Read more... )

Comments 2

bluanne October 10 2008, 03:17:14 UTC

Here here!

Question. I'm paying off my credit card this month in full and besides my 300$ a month car payment, what to you suggest I do with my money. I've been able to put 200$ a month into savings this last year, am looking to add more. What else should I do oh financial guru?

rosabarba October 14 2008, 15:48:16 UTC

I think the best advice, all things considered, it to accumulate your cash in a nice, safe, FDIC insured bank account, or (if you want to be like Sam and be just slightly riskier for a few points of yield) in a money market account, ideally in an individual retirement account (IRA) you set up with a big, reputable company like Vanguard or Fidelity ( ... )