I have been investing with the wonderful help of family for many years. I feel confident in having my money invested in the S&P 500 ETF’s. I know not to worry or make any rash decisions. Thank you for your great advice. I am lucky to have put down the 25% on my home loan. You can’t get something from nothing. Our bank is a credit union and they are very conservative and didn’t go into taking risks on home loans. That old saying if something seems to good to be true it is. You said a while back everybody was watching and doing nothing because they were all making money.

I’m looking forward to seeing you tonight.

It is a very uncertain time, but I may be too much of a peppy Pollyanna, because I believe we will survive this meltdown. I think when we are in a crisis, Americans forget politics for a short time and work together. Now if we could get them to come to the table on all of our problems! Love your advice, Suze. You always have concrete solutions to big problems. Thanks.

Lorie Ann, Buellton, Calif.

I am a single, 47 year old male homeowner living in Minneapolis. I belong to a credit union and have about $100k in a money market saving account. I moved my 401k funds of about $150k to municiples bonds last December as I plan to retire in July 2009. I know the credit union is not insured by the FDIC but another entity. I spoke with my credit Union and was told they are insured and I’m good and safe to $250k…. am I?

Thanks for the advice Suze. Months ago when it was apparent that the market was going to be so volatile this year I moved my 401K moneys into stable fund accounts for the year. I looked yesterday and while I haven’t made any money or recouped much of the loss I had before I moved it, its at least not losing any more. I have other accounts though that aren’t as lucky and I’m trying not to panic. Its hard with the nonstop bad news though. Thanks for the info you gave – it helps – a lot.

Annie Kate
Birmingham AL

Suze keeps speaking to young people who have 20 30 years wait for market change, but I am 75 years old and all our money is invested in Ameriprise Financial diversified stocks. Would we be better off taking our money and invest in municipal bonds?

Are you not distrustful that this is now the third major bailout using taxpayer money? And that our government thinks they can solve this with new legislation created in less than 48 hours (with one Senator not surprisingly saying “We dont even know what derivatives are”)

All of this being done for our “financial survival” Wasnt it the survival of our way of life that prompted Irag?

Yes, there is a crisis but government bailouts coming perilously close to Socialism is not the answer–unless they admit that is what they are doing. This is the privileged passing taxpayer funded bailouts to save the privileged. Yes, the middle class is emperiled but only to the tune of tens of thousands or hundreds of thousands, not the millions that the privileged have at stake.

Let this thing run its course and dont use my tax dollars to save the reach again.

Hi Suze, I’m so glad that Anderson had you on his show. I’ve listened to you and watched you on your own show. I also have some of your books. You explain things so well in terms we can all understand. Thank you for all of your advice. Hope to see more of you in AC360!

Lilibeth
Edmonds, Washington

Hi Suze,
I really enjoy your insight and great advice! You were great on Larry King and AC360, thanks for all that you do. PS-It’s cute when you wink at the camera. You’re so cool with a great sense of humor. Obviously, I’m a fan of yours, hope you have a great day today.