After the biggest single-day's loss in Wall Street's history, even Americans whose sole investment is a bank account are nervously scratching their heads. Here are some guidelines to the failed-bailout crisis from the New York Times:
- What happens next? The market's deep dive may scare Congress into passing the bailout or a new bill, at which point stocks may rebound.
- Should I buy? Stocks are swinging wildly, so Wall Street is a gamble. Be prepared to lose big if you take the risk, but you may come out lucky.
- If your retirement portfolio is bust, keep saving and give it time. If you're preparing to retire now, reconsider. It's not a good time to quit.
For all the advice, click the link below.