Save Yourself from a Stock Market Crash

A stock market crash is looming for 2008. Last week the S&P 500 dropped 5.4%, the greatest drop in 5 years...

Pull out of futures.

The futures market is currently tanking and is the first sign of a market crash. People stop taking large risks when they believe the market is unstable.

Hedge with Gold.

When the market crashes the dollar falls soon after. When the dollar falls the price of gold goes up. Its better to actually own actually gold than stocks in gold mining companies.

Go into blue chips.

Blue chip companies are more likely to stand up to the crash than the smaller growth companies. Move your money into stable value companies in energy or some other necessity sector.

Move into money market accounts, bonds and CDs.

All of these items offer an interest rate while being low risk. Put your money somewhere safe during the crash, and still make a little money on it.