Wednesday, September 26, 2007

Cash is king

JONATHAN CLEMENTS of GETTING GOING says

When recession rules, cash is king.

Worried about a recession? Here's what to do:

• Keep funding your 401(k) plan to get the full employer match.

Why? Not really help you in the recession.

• Stockpile cash in a money-market fund.

• Set up a home-equity line of credit.

• Pay off credit-card balances.

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