It’s scary times for investors, so Bankrate has “6 Deadly Investing Mistakes” to avoid, most of which involve you not freaking out.
stock market
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Colgate-Palmolive has reported a 19% increase in quarterly profits, and says it’s partially due to price increases (but also greater volume sales and a weak dollar). [Reuters]
![Make Sure You Know What You're Doing Before You Invest In Gold](../../../../consumermediallc.files.wordpress.com/2012/06/con_goldonscale.jpg?w=300&h=198&crop=1)
Make Sure You Know What You're Doing Before You Invest In Gold
A lot of financial advisors have suggested investing in gold lately, since the U.S. economy seems headed for the crapper and gold tends to increase in value as the dollar plummets. And a lot of people seem to be following that advice, because gold is up above $750 an ounce now, “its highest level since 1980,” says SmartMoney. But gold investments can change value quickly and can be even more difficult to predict than regular investments, so don’t go all Scrooge McDuck on the gold hoarding.
![20th Anniversary Of "Black Monday" Crash Of '87](../../../../consumermediallc.files.wordpress.com/2012/06/crizash.jpg?w=300&h=225&crop=1)
20th Anniversary Of "Black Monday" Crash Of '87
Today marks the 20th anniversary of the “Black Monday” crash of ’87, in which the stock market lost 22.6% in one day, the second largest one day percentage drop in history and one we’re not likely to see again any time soon.