Public Service Announcement: (Some of) Your Money is Safe

Since most people reading my blog are youth ministry folk, I’ll assume you have less than $100,000 in the bank.

If you have money at a normal bank, you don’t need to worry about it.  It is safe.  The FDIC insures accounts up to $100,000 dollars.  If you bank fails, you will get your money.  Stop panicking.

Investments are another story.  Looks like it will be a bumpy ride in the foreseeable future.  The S&P 500 lost 8.8% today.  Ouch.  The market has lost around 28% in the past year.  If you are someone who likes bargains, the market is on sale.