If you're planning a major purchase for 2008, keep some of your investments liquid. Liquidity of an asset refers to how quickly it can be converted to cash without penalty. Most long-term investments will survive a fluctuating financial market. With the potential of a worsening
economy, it is important to have liquid assets to avoid pulling from a long-term investment at an inopportune time. Stick with a high-yield savings account, CD, or money market account to access funds when you need them.
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