Second economic meltdown strategy

by | Jan 12, 2004 | Archives

If the upcoming stock market collapse and economic crash creates a total run on banks, you will want some liquidity available.   Move a higher amount of your investments into FDIC insured savings at a nearby bank.    Diversify (if you have extra) some into a bank account abroad.   Diversify some of your portfolio out of the US dollar.   Australian and new Zealand dollars and   Euros are likely candidates to appreciate against the dollar and currently pay a higher rate of interest.

You can gain more about this from eClub advisor Thomas Fischer of Jyske Bank at    Be sure to keep some cash in a secure place at home as well.

Tomorrow we look at why this can make extra sense now.

Until then, good investing.