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<p>Your mother is not alone in seeing stock market accounts plummet! And it wasn’t like she had to have invested in speculative tech stocks. Just owning the wrong financials (think Lehman Bros, Citigroup, among others) and only financials could have killed you.</p>
<p>This is a good time to bring up a good financial lesson for you to learn. If you have money invested for a certain purpose (like college), if you need a certain amount of money within the next three years, that money has to be in cash. You can’t take the chance that a stock market tumble could wipe out your $$.</p>
<p>Good luck. Just know that you won’t be the only person around who has been hit by the financial turmoil.</p>