I don’t read Gen X Finance regularly, but I do glance through the site every now and then. A few days ago I stumbled across a post about how the “crash” really happened in the first 8 days of October, and since then the stock market has actually gone up nearly 4%. It’s a great reminder that stocks are for the long haul – only a few days through out the year significantly influence their prices. (The major increases usually happen over just a few days too – if you wait until the stock market is up to buy, you’ve already missed your chance.)
Shaun Connell wrote an excellent guest post on 20somethingfinance.com about how to beat inflation with smart financial planning. He gives a great overview of what inflation is, how it works, and what you can do. His advice: stock up right now (since he’s expecting inflation to increase in 2009), buy precious metals (like gold and silver, which are less effected by inflation), and save like crazy.
Speaking of investing in gold, Kevin at 20smoney.com is giving away $250 worth of gold in a contest on the site. He’s been promoting gold as a safe investment in the midst of the US economic downturn for quite a while now. There are a variety of ways to enter the contest, some as easy as subscribing to his RSS feed and email mailing list. Check it out!