Don't Panic - Be responsible.

I am back with a new blog and a new vengeance to help people take control of their money and life.

With all the chaos in the United States financial systems it is important now more than ever that you start to put the basic principles into practice.

You can take control of your life regardless of what fiscal policies are in place by saving more than you will need.

First - save, save, save and save more money. Stop all the needless purchases, use coupons, make coffee at home, buy soda in bulk not at a vending machine, take your lunch, go to a matinee or rent a movie etc.

Basic protection information:

A. Cash in an FDIC insured account are protected up to 100, 000 dollars per SS per institution by the US Government.
B. Brokerage accounts are covered by insurance called SIPC.
C. Mutual funds are safer than owning individual stocks. Fluctuate in value.


Second - make sure you have enough money in cash. You should have a 6 month emergency fund. Emergency fund is just that - so you don't have to charge or go into debt for an unexpected issue.

Rule of thumb - any money you will need in the next 2 years in a safe place, money you need in 3-5 years in a bond fund or lower risk investment, not needing money for more than 5 years - that piece can afford more risk and be in the stock market in a well allocated mix.

Third - if you have an investment account - make sure you reallocate - this should be done no less than once a year. This includes retirement accounts, 401k's and annuities. Review your time frame and risk tolerance. Historically speaking - for long term investments a well allocated stock portfolio is your best hedge against inflation.

You can take control of your life and finances - more to come - the best decision you can make today is to save more money!

Please feel free to comment or ask questions.........

Stay tuned