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Boeing to cut 4,500 jobs as airline demand falls
U.S. retailers slashed 66,000 jobs in December
Jobless rate jumps to 7.2 percent in December
Federal loan deals bar strikes at GM, Chrysler
Group says U.S. 'wet dumps,' like nine in Ohio, pose threat
U.S. retailers ring up dismal sales
Foreclosure deal gives lift to Wall Street
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Lakemore police say man killed his wife in standoff
Another suspect arrested in fatal robbery
Storm could bring heavy snow tonight, Saturday
Palin says she's been exploited by Couric and Fey
Suspected meth lab busted in Cuyahoga Falls
Police seek help in search for Stow man
Browns' Mangini brings experience
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Thursday Viewing: "Grey's Anatomy," "Private Practice"
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Shapiro puts Indians in position to win
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What about James Harris for Browns GM?
Browns Bulletin:
Browns may interview ex-Broncos GM
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Mangini takes command
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Cleveland Cavaliers: Of Leprechauns and Losses
CavsHQ: A Fan's View:
The Countdown Begins - Cavs v. Celtics
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Five things you should know about Miami
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Ignatius’ Kyle has busy offseason
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Volleyball players earn All-Academic honors
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January is auction time
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Chicago Chic?
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Obama's Economic News Conference
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Shameful Things
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Games in '09: Resident Evil 5
Ohio Travels with Betty:
Does Ohio have an Andy Warhol Museum?
Sound Check:
Axl Rose speaks on Guns & Rose(s)
Let's Talk Real Estate:
Mortgage Forgiveness Debt Relief Act of 2007 Extended
Published on Thursday, Oct 09, 2008
Here are some financial steps to take in uncertain times offered by Greg McBride of BankRate.com, Joe Hurley of SavingforCollege.com and Brent Collins of SmartStops.net.
1. Rebalance your portfolio. Sell some of anything that has gone up and buy more of what has gone down.
2. Buy shares in your 10 ''most-wanted'' stocks that you never bought because they were too expensive.
3. Move money from a taxable brokerage account in a child's name into a 529 college-savings plan. Market declines will make the capital gains low on the sale and might trigger a capital loss. The strategy allows you to move the money into a tax-free 529 plan.
4. Build up your emergency savings to six months of expenses.
5. Create an exit plan for selling a portion of your holdings in stocks, exchange-traded funds and mutual funds. Sign up for online services at SmartStops.net or Morningstar.com that will alert you on targeted lows.
Get the full article here.
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