What Bear Stearns' Meltdown Means to You


Time to Sell?

If you are intent on selling, what are your options?

Holtzman said investors should consider commodities — agriculture, he said, is doing very well — and companies linked to gold (which has seen soaring prices), such as mining firms.

Investing in foreign currencies is another option, but Holtzman said it's important to look beyond just the euro.

"Europe in general right now — they're also having some problems with the subprime crisis, so while they might be better off relative to the dollar, they still have their own issues," he said.

He said it is wise to invest in a variety of currencies including those of Australia and New Zealand. Both countries, he noted, have high interest rates.

John Austin, the principal of Austin Wealth Management in Brookeville, Md., said that exchange-traded funds — mutual funds that are traded like stocks — that follow major index funds are the way to go.

"I'm very bullish on index funds because it's very hard to pick managers that consistently beat the market," Austin said.

He said that he believes the stock market will recover and those investing in index funds will benefit.

"There's a lot of doom and gloom out in the market place, but I have to remind people that all bull markets climb a wall of worry," he said. "Most bull markets start at the moment of maximum pessimism, when it seems like the world is ending."

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