Thursday, January 24, 2008

11 Steps To Weather A Recession

What do you do to protect yourself from the ravages of a self-reinforcing downturn that could--if history is any guide (and it usually is)--last 10 months or longer? There are, in fact, many steps you can take--and you can start now.

1. Fools Rush In

2. Take Your Profits And Run

3. Avoid Those Capital Gains

4. What To Buy?

5. Don't Fear Low Yields

6. Lock In Lower Mortgage Rates

7. Go Defensive

8. Lower Your Overhead

9. Pay Off Credit Balances

10. Go Cheap On The Internet

11. This Too Shall Pass--But Maybe Not Soon

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