Emergency Q&A Session Next Week

If you have urgent personal questions about the financial turmoil now all around you, Mike and I are getting ready to do everything we possibly can to answer them.

We’re holding an emergency Q&A session online at 12 Noon Eastern Time this coming Friday. No promos. No beating around the bush. Just straight answers.

To secure your free registration, click here. Then submit any questions you have.

The crux of the matter is this: In financial panics like this one, it’s easy to focus on the headlines — the government bailouts that are failing, the giant companies that are dying, or the banks that are sinking — and then forget about the number one concern of all: You.

What should you do? What are the concrete, practical steps you must take?

Sure, cold facts and statistics help us grasp the enormity of the crisis. But look at how this tempest is hitting people like those we know and love:

James owns a family lumber business in Birmingham founded in 1946. But his access to credit to buy inventory has dried up. He’s had no choice but to fire 18 of his closest friends — just to survive.

Jon’s grandfather opened a small Vermont print shop back when L.B.J. was president in 1967. But his bank slashed his line of credit, making it impossible for him to buy ink or paper. Now, Jon and his 19 workers are wondering how they’ll feed their families.

Chris owns a software development firm and was expecting a series of wire transfers from his customers when he heard that his bank had failed. He hastily tried to call his customers to stop the wires, but it was too late. The money had hit his account just before the failure. It was uninsured. And he lost close to $500,000.

Some of my relatives, their friends, and their friend’s friends are also feeling the pain.

I just got a concerned call from a teacher whose home transaction fell through. The banker pulled the plug on the mortgage at the last minute. She was stunned, confused.

I got another call from a retired friend whose wife has cancer. He had told his broker to buy only “conservative” investments. So he thought he had all the money he needed to pay their medical bills. But every single investment is down, or worse, down the tubes. Now he’s desperate for a solution.

These folks — not the CEOs of once-huge-now-failed companies — are the real victims of this crisis.

The greater tragedy: It’s going to get worse, a lot worse.

Just look what happened on Friday: Everyone was praying the House would rush to pass the bailout package and the president would rush to sign it.

Well, they did just that. But it was a great anti-climax, and the stock market tumbled anyhow.

Everyone realizes that the bailout is too little, too late — that this great crisis is about to affect each one of us at a very personal level. The crisis is …

• Raising questions about your insurance providers; whether your policies and annuities will be there when you need them …

• Creating grave concerns about the safety of your personal savings and checking accounts …

• Causing you to worry about the security of your brokerage account, and …

• Giving you nagging doubts about the safety of your money market funds, your retirement accounts and even the money you’ve socked away for your kids’ and grandkids’ education.

That’s why we’re holding our free, information-only, emergency Q&A session on Friday.

As this crisis continues to spin out of control, you’ll need more than prophetic forecasts. You’ll need no-nonsense help to review every single account and asset you have, leaving no stone unturned.

Our emergency Q&A session is for you. And it’s free. Just click here to register, and then use the handy form to ask anything you need to know to resolve the financial dilemmas you’re wrestling with now.

Good luck and God bless!

Martin

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Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Tony Sagami, Nilus Mattive, Sean Brodrick, Larry Edelson, Michael Larson and Jack Crooks. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates
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