One of the first studies of the recent market splat found that the investors most likely to be crushed thought they were investing for the long haul, only to be forced into cashing out at the worst possible time. According to the study, cleverly titled “When Everyone Runs for the Exit,” there are only two good ways to react to a liquidity crisis: hold onto your portfolio and trust that it will recover, or fold immediately to limit your losses.
TechForward, a new company in Los Angeles, provides fixed buyback prices on used electronics like cell phones and iPods. The catch is you pay up front—it’s an added fee when you first buy the device—for the right to resell your gadget to them a year or two down the line, and the amounts they’re offering are usually dramatically lower than what you can get if you sell it yourself on Ebay.
Planning on doing some buying or selling online? Wired offers some tips on how to spot scammers when you’re on eBay or Craigslist.
What are the three best things people can do to get a home ready to sell?
A rash of robberies in the Bay Area reveals a disturbing trend of computer literate thugs targeting Craigslist users for muggings. According to police reports, several Craigslist users were robbed at gunpoint by people they thought they were meeting to sell goods to.