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Tips for surviving these times of turbulence
No 2. Investments
Right now any stock market investments you may own are likely to be looking a bit sick and quite probably worth a lot less than just six months back. The general advice is to leave them where they are if you can as the stock market is expected to rise again in the medium term and is highly likely to cover your losses.
The exception might be where you know you will need to cash in your assets soon (e.g., retirement). Here you should look at taking out your cash and switching it into safer cash or fixed interest assets in case things get a lot worse. However, if you only need a small amount of cash to get by or make a specific purchase it may make more sense to take out a personal loan rather than cash in currently low-value shares.
If, on the other hand, you still have cash to invest now might be a very good time to grab some very cheap shares. Brokers report healthy activity in this area.
December 2, 2008 at 11:03 pm | personal loan | No comment
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