Welcome to the third and final installment of our “Protect Your Money” series. If you missed the first post, check it out here , or click here for the second part of our discussion. Moving right along…

Protect your money tip #5: Protect your money in the bank

Protect your money by keeping it in the safest bank available. I recommend keeping a small amount of “emergency” cash on hand at home and finding smaller, local banks to store the rest of your money. Many smaller banks have held their own in the face of local economic crises and are in better positions to help you protect your money.

The easiest way to protect your money in the bank is to research the debt ratio at the bank you use or are considering using. The lower the ratio, the better your money will be protected.

Protect your money tip #6: Make wise investments

The stock market is currently experiencing a government-inspired rally, so now is definitely the time to sell your stocks and look into alternative investment options, such as:

• Physical commodities. Physical gold, rare gems, colored diamonds, and other precious metals have stood the test of time when it comes to value. If you don’t know the first thing about physical commodities, don’t worry – I can help you choose the best options for your needs.
• Managed Future accounts. Managed Future accounts allow professional traders to access your money during regular business hours and return it to you by the end of the day, with typical returns in the range of 20-30%.

While you can’t protect your money 100% in any economy, if you follow my six Protect Your Money tips, you’ll be sitting pretty for years to come.

As always, if you have questions or comments, please feel free to contact me.

Tags: business ownership, entrepreneurship, investing, protect your money, Ron Wellman