UPDATE: President Bush on Friday signed legislation that increased the amount of savings insured by the FDIC in an account from $100,000 to $250,000 (until December 31, 2009).
With the stock market gyrations the last few days, several
people asked me if I was in trouble because of the stock market. My answer was
simple, "No, because I don't have to sell any investments."
The recent roller-coaster highlights an important aspect of
personal finance: the stock market really isn't rational.
Continue reading It only hurts if you sell.
