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How to Protect Your Money Now.
- Article from:
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Kiplinger's Personal Finance Magazine
- Article date:
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April 1, 2008
- Author:
- Kosnett, Jeffrey
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Copyright informationCOPYRIGHT 2008 The Kiplinger Washington Editors, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: JEFFREY R. KOSNETT
A BLOODTHIRSTY BEAR WILL SHRED SHARE PRICES FOR ANOTHER YEAR, MAYBE LONGER. Or perhaps the Federal Reserve's rapid interest-rate reductions will quickly calm the financial world and set the stage for the next rally. You can argue either case. But rather than trying to forecast the markets, you'll make better use of your time by focusing on how to protect your retirement funds and other savings through what is sure to be a lengthy period of fear, uncertainty and doubt.
Defensive investing is not about moving all or nearly all of your IRA and 401(k) money to cash or bonds. That may be a wise move if you're a year or two from retirement and ...