Special Audio Presentation: Coping with the Wall Street Crisis
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September 24, 2008
The financial industry meltdown: What it means to you.

“Is my money safe?”  This is the question we are hearing more than any other recently. The short answer is yes, your money is safe … IF you do the right things with it.

This is your invitation to tune in for a special audio presentation by Merriman Berkman Next educators Paul Merriman, Tom Cock and Don McDonald as well as three Merriman financial advisors as they discuss what the financial crisis means to investors.

 

Hear Paul, Tom, Don and advisors Cheryl Curran, Mark Metcalf and Paresh Kamdar as they answer questions like these:

•    How worried should we be as giant companies like Lehman Brothers, AIG, Washington Mutual and Merrill Lynch bite the dust or at least come close to it?
•    What are our advisors telling clients?
•    Is my money safe at giant custodians like Charles Schwab and Fidelity Investments?
•    Is my money safe in mutual funds?
•    What could happen if mutual funds went out of business?
•    Is my money safe in a money-market fund?  In the bank?
•    Is the annuity that I bought from an insurance company safe?
•    I’m scared. Shouldn’t I do something quickly?

On that last point, here’s an excerpt from Don McDonald: "Your emotions are absolutely your worst enemy when it comes to dealing with money. People get way too excited when times are good. People get far too frightened when they are bad. In both cases, you will react irrationally based on some really bad information that is coming from within you. And the news media is making money driving those fears right now."

 

 

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