Is Your Money Safe?
Texas CPAs Give Five Tips to Investors Amid Financial Crisis

DALLAS — In the wake of Wall Street’s turbulent times, Texas CPAs offer investors the following five tips to protect their financial assets:

Tip No. 1: Don’t panic.
If your overall asset allocation has been in line with your goals and risk tolerance, don’t worry. Doing nothing is often the best course of action.

Tip No. 2: Only invest money you don’t need for the next five years.
The money you have invested in stocks needs to be able to weather the ups and downs of the market. Don’t put money in the stock market that you’ll need for living expenses in six months. Instead, invest for the long term.

Tip No. 3: Have an investment plan and diversified strategy.
By diversifying your investments, you’re better ensured to survive in times of financial turmoil. It’s best to follow the old saying of not putting all your eggs in one basket. Then, if one of the companies you invested in fails, your money has a safety net.

Tip No. 4: Consider buying shares at low rates.
If you have extra cash, consider purchasing shares at the “discounted” rate. Remember to buy low and sell high. Be sure to review the company’s business plan before you invest.

Tip No. 5: Talk to your CPA or other financial professional.
Consult your CPA or other financial professional about your investments if you still have questions.

ABOUT TSCPA
TSCPA (http://www.tscpa.org) is a nonprofit, voluntary, professional organization representing Texas CPAs. The society has 20 local chapters statewide and has 28,000 members, one of the largest in-state memberships of any state CPA society in the United States. TSCPA is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.