The most frequent question I get is where do I invest my money, and lately, the most common question is what do I do with my invested money. Well, let's start with those who already have invests: be it in a 401(k), IRA, Roth IRA, brokerage account, etc.
Rule #1: Leave it alone!! Now is not the time to become a day trader or realize that you really wanted that mutual fund. For the most part, I would suggest you consider not touching the money and let the markets rebound. Remember your long-term time horizon on this (and ESPECIALLY since you are young!)
Story: I had a question a few months back from a woman who's brother had a Roth IRA. She said her brother had opened his Roth and had invested approx $16,000. Since then, he had lost almost half of it in the current poor financial market. He cashed out his remaining Roth money, and now what should he do with it?
My advice: Leave it alone! Even Donald Trump, Warren Buffet and Bill Gates are losing money in this economy. The S&P 500 (a general stock market index) was down over 38% in 2008. This is the greatest one year loss since 1931. Therefore, if you are fully invested in an S&P 500 index fund then yes, you will too will have a loss of 38% for last year. There's no secret magic pill to get around this. It's just where the market is at this point. Therefore, my advice was to open up another Roth IRA, redeposit the funds (within 6 months) to avoid tax penalties and realize that the market is on sale.
Word of caution: One thing we have learned with this market is the importance of diversification. If you own a single stock or just a few concentrated shares (i.e. profit sharing plans with company stock shares) and you are wondering what to do with it, I recommend you speak with a financial planner about your situation (future post on this coming soon!).
Rule #2: The Market is On Sale! It's like shopping: You wait for the best pair of jeans to go on sale so you don't buy it at full price! The same applies to the stock market....everything is on sale! Why pay full price (buy high sell low) when you could get a deep discount (buy low sell high)? Therefore, if you have EXTRA cash laying around and want to use it for a long-term (at least 10 years or more) goal, then invest it. If you plan on using the money in the short-term (5 years or less), then the stock market (as we are currently seeing for retirees) is not the best place to be heavily invested. You should look into more liquid investments, such as savings accounts, money market accounts, certificates of deposit, etc etc. It's vitally important to know your purpose/goal for the money and what time horizon you have. This should be the first step before you ever put money into an investment account.
Now, get out there and start looking for your bargain mix of a diversified portfolio which invests in broad varieties and types of businesses. To help you get started, here are a few recommended resources:
Happy Long-term Investing!
Thursday, February 26, 2009
Monday, February 23, 2009
Sileo, John Sileo....ID Theft Expert
So lately I've been traveling like crazy heading to Financial Roadshows at Military Installations. At these events, we have a number of keynote speakers as well as presentations. One of my favorites is John Sileo; he's an Identity Theft expert....mostly due to the fact that his identity has been stolen twice! He is lively, fun and entertaining, but most importantly, he's got some great tips on protecting yourself from Identity Theft. For a taste of what he suggests, I provide the following. For more great information, go to his website or read his blog. The following tips come from his article "The First 8 Steps to Bulletproof Your Identity" on his blog.
Summary
- Opt out of financial junk mail by registering at http://www.optoutprescreen.com/.
- Shred any paper documents that would go in the trash with a durable and safe confetti shredder.
- Track your credit report 3 times per year for FREE at http://www.annualcreditreport.com/.
- Monitor your identity with the right online identity surveillance service.
- Lock your identity documents in a bolted-down, fire-resistant document safe.
- Freeze your credit with Experian, Equifax, and TransUnion.
- Protect your computer with security software, a firewall, encryption and strong passwords.
- For further details, consult your copy of Stolen Lives:Identity Theft Prevention Made Simple.
Saturday, February 21, 2009
Debt Relief & Financial Counseling
We are in a struggling economy that seems to have touched everyone from Wallstreet to Main Street. People are feeling the effects and are seeking help and a way to turn this around. So let me offer a few of my own suggestions.
1) So let me commend you for making it this far! You've done the hardest part: Admitted that you want to get out of the stress and worry attached to your debt situation. GREAT!!! We can now start with a plan of attack! My first suggestion is what a doctor would suggest you do to get back into shape after not working out for several years: Go in for a physical and assess where you stand.
MUST READ: The Federal Trade Commission's "Knee Deep in Debt" info helps you know you various options for seeking credit counseling help. You need to know where you are and what your options are before beginning any program.
2) Now that you have an idea of your options the next step is to access your individual situation. (Click here for a debt repayment worksheet).
How much debt do you have and is it feasible for you to create your own debt consolidation plan? We hear so many marketing ploys to sign up for debt relief and free yourself up. What does this mean? A company (which will take a cut of the payment for their own profit) will roll together all of your debt (i.e. credit card debt, car loan, personal loans, etc) into one. The benefit: instead of having half a dozen payments every month, you'll only have one sum payment. The company then pays each individual creditor, and of course, taking a piece for themselves to provide the service.
So my suggestion: Find a reputable financial counselor to help you facilitate this AND help you break your debt habits to make a long-term change. This financial counselor, just like a personal trainer, will guide you through the proper channels to pay off the debt, but even more importantly, they'll help you break debt habits that you've created over the years which got you here in the first place. They serve as a coach that will get you back into shape while training for a long-term plan that will include healthy spending habits.
A few words of warning: Be VERY careful about who you choose as your financial counselor. There are many swindlers out there ready and willing to take your money and run! MUST READ: From the FTC - Choose a Financial Counselor
The FTC can't suggest financial counselors, but I'll let you know the companies that I've worked with and feel comfortable with their structure and work. Make sure you do your own homework and that you feel comfortable with whomever you choose!!
Mary's suggestions:
Warning: Be careful about the company you choose to help you with these plans. Many are not regulated at a federal level and some have very low lying restrictions at a state level. So before you proceed read the Federal Trade Commission's "Must Do List" for debt management plans
2. Debt Settlement Plans = NEVER recommended. Let me repeat, NEVER recommended. Debt settlement companies have a very aggressive marketing campaign and continue to grow (many mortgage brokers who went bust in the housing fallout have now found a "new" career in the debt settlement arena).
How it works: A debt settlement company sounds fabulous because they promise to pay pennies on the dollar for the debt you have incurred. What they do is have you pay them instead of your creditors. They keep the money, minus their generous cut, in a bank account in your name (which is why it is "guaranteed"). After a year of two of not paying the creditors, which means your credit is wrecked, the debt settlement company "negotiates" with the creditor and tells them they will pay pennies on the dollar for the debt that is owed. Sometimes the creditors accept and the debt is repaid at a fraction of the cost. But when the creditor will not accept the terms, you are still liable and can end up in bankruptcy court. Oh and by the way, telling the judge that you hired a debt settlement company to take care of the debts doesn't stand up in court. The debt settlement company has taken their cut of the money and fled the scene. You are left in a worse situation than before: You still owe the debt, you've lost the money that the company took, and your credit is even more wrecked than before.
To read a more about debt settlement companies, here are a few more websites:
After attending an FTC workshop on the debt management and debt settlement plans, I cannot recommend any debt settlement company due to their primary repayment structure and harsh marketing techniques.
Most importantly, congratulations for deciding to make a change and looking for the best solution! Good luck in your new fiscal fitness plan!
1) So let me commend you for making it this far! You've done the hardest part: Admitted that you want to get out of the stress and worry attached to your debt situation. GREAT!!! We can now start with a plan of attack! My first suggestion is what a doctor would suggest you do to get back into shape after not working out for several years: Go in for a physical and assess where you stand.
MUST READ: The Federal Trade Commission's "Knee Deep in Debt" info helps you know you various options for seeking credit counseling help. You need to know where you are and what your options are before beginning any program.
2) Now that you have an idea of your options the next step is to access your individual situation. (Click here for a debt repayment worksheet).
How much debt do you have and is it feasible for you to create your own debt consolidation plan? We hear so many marketing ploys to sign up for debt relief and free yourself up. What does this mean? A company (which will take a cut of the payment for their own profit) will roll together all of your debt (i.e. credit card debt, car loan, personal loans, etc) into one. The benefit: instead of having half a dozen payments every month, you'll only have one sum payment. The company then pays each individual creditor, and of course, taking a piece for themselves to provide the service.
So my suggestion: Find a reputable financial counselor to help you facilitate this AND help you break your debt habits to make a long-term change. This financial counselor, just like a personal trainer, will guide you through the proper channels to pay off the debt, but even more importantly, they'll help you break debt habits that you've created over the years which got you here in the first place. They serve as a coach that will get you back into shape while training for a long-term plan that will include healthy spending habits.
A few words of warning: Be VERY careful about who you choose as your financial counselor. There are many swindlers out there ready and willing to take your money and run! MUST READ: From the FTC - Choose a Financial Counselor
The FTC can't suggest financial counselors, but I'll let you know the companies that I've worked with and feel comfortable with their structure and work. Make sure you do your own homework and that you feel comfortable with whomever you choose!!
Mary's suggestions:
- InCharge Institute
- National Foundation for Credit Counseling - To find an NFCC counselor click here
- Consumer Credit Counseling Services - To start credit counseling online click here
TYPES of DEBT SERVICES
The primary 2 types of debt repayment services are:
1. Debt Management Plans = These are plans where the company works to help you negotiate lower interest rates but repay the debt over a feasible time frame that works for you. The purpose of these plans is negotiate a feasible payment to pay the debt that you incurred.
Warning: Be careful about the company you choose to help you with these plans. Many are not regulated at a federal level and some have very low lying restrictions at a state level. So before you proceed read the Federal Trade Commission's "Must Do List" for debt management plans
2. Debt Settlement Plans = NEVER recommended. Let me repeat, NEVER recommended. Debt settlement companies have a very aggressive marketing campaign and continue to grow (many mortgage brokers who went bust in the housing fallout have now found a "new" career in the debt settlement arena).
How it works: A debt settlement company sounds fabulous because they promise to pay pennies on the dollar for the debt you have incurred. What they do is have you pay them instead of your creditors. They keep the money, minus their generous cut, in a bank account in your name (which is why it is "guaranteed"). After a year of two of not paying the creditors, which means your credit is wrecked, the debt settlement company "negotiates" with the creditor and tells them they will pay pennies on the dollar for the debt that is owed. Sometimes the creditors accept and the debt is repaid at a fraction of the cost. But when the creditor will not accept the terms, you are still liable and can end up in bankruptcy court. Oh and by the way, telling the judge that you hired a debt settlement company to take care of the debts doesn't stand up in court. The debt settlement company has taken their cut of the money and fled the scene. You are left in a worse situation than before: You still owe the debt, you've lost the money that the company took, and your credit is even more wrecked than before.
To read a more about debt settlement companies, here are a few more websites:
- Federal Trade Commission definitions of all debt consolidation companies
- For another take on debt settlement companies, go here.
- Wall Street Journal article (Oct. 14, 2008) on complaints about debt relief companies
After attending an FTC workshop on the debt management and debt settlement plans, I cannot recommend any debt settlement company due to their primary repayment structure and harsh marketing techniques.
Most importantly, congratulations for deciding to make a change and looking for the best solution! Good luck in your new fiscal fitness plan!
Thursday, February 19, 2009
Tips from the President's Council
So, I’ve been a slacker on adding new articles and after looking at my page counter, I’ve realized 2 things: 1) You must add new things to keep up interest 2) Short and sweet is the best way to go! Therefore, I’ve decided to reconcile. To fix #1, I’ll add a tool, idea, technique, etc. at least 3 times a week, and for #2……..it will be short and sweet!
Since I work in the financial planning/education world everyday, I feel like I have to share the tidbits of information that I receive constantly. So here it is….all yours and it’s free. I hope that it helps and you pick up some nugget of information that might help you with your personal finances.
In 2007, President Bush started “The President’s Advisory Council on Financial Literacy”. This group is headed by Charles Schwab (yes, as in “Ask Chuck”….The Charles Schwab). It runs across 2 administrations and unless renewed, expires this year. They give some great advice. Here’s just a few:
1. Understand how your bank or credit union account is insured. The Federal Deposit Insurance Corp. (FDIC) or the National Credit Union Administration (NCUA) insures all deposits at insured banks and credit unions up to at least $250,000. To check whether your financial institution is insured visit go to FDIC or The National Credit Union Association.
2. Understand how your investments are protected. Brokerage firms are required to be members of the Securities Investor Protection Corporation (SIPC), which insures customer securities accounts up to $500,000, including $100,000 in cash claims, when a brokerage firm fails. To learn more about these protections, visit the Securities and Exchange Commission.
3. Always keep lines of communication open with your mortgage lender. As soon as you know you may have difficulty meeting your mortgage or home equity loan payments, contact a counselor to work out a payment plan at HOPE NOW or by calling 888-995-HOPE (4673).
4. Protect your credit score. Only put on your credit cards what you can afford to pay back. For other hints on improving your credit score, visit the Treasury's interactive website. Also, to protect against identity theft, get a free copy of your credit report at annualcreditreport.com.
5. Make sure you have a rainy day fund. Keep an emergency fund worth three to six months of your monthly expenses in an insured account. If you don’t have an emergency fund, try to start one. Visit the budget calculators on the Treasury's website.
6. Don’t try to cut costs by canceling your insurance. Keep up with your insurance payments, and you’ll keep in place your protection against medical costs or major loss of personal property, like your home or car. Learn more in the Life Events section on MyMoney.gov.
7. If it sounds too good to be true, it probably is. Watch out for scams trying to take advantage of all of the recent changes in our nation’s financial markets. Educate yourself at FTC.gov.
To learn more about your money, visit MyMoney.gov. For more information on the President’s Advisory Council on Financial Literacy, visit the
Monday, February 9, 2009
Labor Statistics from Nov 2008 to Feb 2009
Today I received an email with the total number of layoffs since Nov. 1, 2008, at America's 500 largest public
companies....It totals over 380,000 people. There is no need to state the stark reality that we are all currently living in. But I like Zig Ziglar, I too believe there is a silver lining to every cloud. Sometimes it's just a little harder to see than at other times!
"Fortunately, problems are an everyday part of our life. Consider this: If
there were no problems, most of us would be unemployed. Realistically, the
more problems we have and the larger they are, the greater our value to our
employer." - Zig Ziglar
From the start of the recession in December 2007 through December 2008, the
total number of mass layoff events (seasonally adjusted) was 23,485, and the
number of initial claims (seasonally adjusted) was 2,394,434. Source: Bureau
of Labor Statistics
Number of layoffs since Nov. 1, 2008, at America's 500 largest public
companies*: 382,691
Date/ Company /Total Laid Off /Industry
2/6/2009 Weyerhaeuser 300 Materials
2/5/2009 Estee Lauder 2,000 Personal Products
2/5/2009 Fortune Brands 136 Consumer Durables
2/5/2009 News Corp. 25 Media
2/5/2009 Allergan 460 Pharmaceuticals
2/4/2009 Time Warner 2,750 Media
2/4/2009 Cisco Systems 2,000 Technology
2/3/2009 Bancshares 500 Banking
2/3/2009 Electronic Arts 1,100 Software
2/3/2009 PNC Financial Services 5,800 Banking
2/3/2009 Comcast 50 Media
2/2/2009 Goodrich 35 Aerospace
2/2/2009 Macy's 7,000 Retailing
1/30/2009 Sears Holdings 300 Retailing
1/30/2009 Caterpillar 22,924 Capital Goods
1/29/2009 Broadcom 200 Semiconductors
1/29/2009 International Gaming Technology 200 Leisure
1/29/2009 Textron 4,665 Conglomerates
1/29/2009 Ford 3,800 Durables
1/29/2009 Eastman Kodak 4,500 Household
1/29/2009 Black and Decker 1,200 Household
1/29/2009 Walt Disney 1,200 Media
1/28/2009 Starbucks 6,700 Restaurants
1/28/2009 Boeing 10,000 Aerospace
1/27/2009 Target 1,000 Retailing
1/27/2009 Masco 600 Construction
1/26/2009 IBM 2,800 Software
1/26/2009 Texas Instruments 3,400 Semiconductors
1/26/2009 Lincoln National 540 Insurance
1/26/2009 General Motors 9,758 Durables
1/26/2009 Home Depot 7,000 Retailing
1/26/2009 Pfizer 19,800 Pharmaceuticals
1/26/2009 Sprint Nextel 8,000 Telecommunications
1/23/2009 Abercrombie & Fitch 50 Retailing
1/23/2009 Deere & Company 662 Capital Goods
1/23/2009 Harley-Davidson 1,100 Consumer Durables
1/22/2009 Microsoft 5,000 Software
1/22/2009 Huntsman 1,665 Chemicals
1/21/2009 Burlington Santa Fe 2,500 Transportation
1/21/2009 UAL 1,000 Transportation
1/21/2009 SPX 400 Conglomerates
1/21/2009 Intel 5,000 Semiconductors
1/21/2009 Walt Disney 600 Media
1/21/2009 Wynn Resorts 53 Leisure
1/21/2009 Eaton 5,609 Capital Goods
1/20/2009 Clear Channel 1,850 Media
1/20/2009 Deere & Co. 160 Capital Goods
1/16/2009 ConocoPhillips 1,300 Oil & Gas
1/16/2009 Hertz Global Holdings 4,000 Business Services
1/16/2009 WellPoint 600 Health Care
1/16/2009 Advanced Micro Devices 1,700 Semiconductors
1/15/2009 Xerox 275 Business Services
1/15/2009 MeadWestvaco 2,000 Materials
1/15/2009 Autodesk 750 Software
1/15/2009 Marshall & Ilsley 830 Banking
1/15/2009 General Electric 1,000 Conglomerates
1/14/2009 Ecolab 1,000 Chemicals
1/14/2009 Delta Air Lines 2,000 Transportation
1/14/2009 Motorola 4,000 Technology
1/14/2009 Google 100 Software
1/13/2009 KeyCorp 200 Banking
1/13/2009 Newell Rubbermaid 75 Household
1/13/2009 Cummins 1,300 Capital Goods
1/12/2009 Mosaic 1,000 Chemicals
1/12/2009 Best Buy 500 Retailing
1/12/2009 Precision Castparts 40 Defense
1/9/2009 Oracle 500 Software
1/9/2009 Smithfield Foods 75 Food
1/9/2009 Freeport-McMoRan Copper & Gold 2,750 Materials
1/8/2009 Union Pacific 230 Transportation
1/8/2009 General Dynamics 179 Defense
1/7/2009 Walgreen 1,000 Retailing
1/7/2009 EMC 2,400 Technology
1/6/2009 Alcoa 13,500 Materials
1/5/2009 Cigna 1,100 Health Care
1/5/2009 United States Steel 4,225 Materials
12/31/2008 Mohawk Industries 160 Consumer Durables
12/31/2008 Tyson Foods 120 Food
12/31/2008 Target 132 Retailing
12/30/2008 Allegheny Technologies 323 Materials
12/30/2008 Motorola 400 Technology
12/23/2008 ULA (Boeing, Lockheed Martin) 172 Joint Venture
12/23/2008 Johnson Controls 125 Consumer Durables
12/23/2008 Las Vegas Sands 11,500 Leisure
12/22/2008 Parker-Hannifin 405 Capital Goods
12/19/2008 Genworth Financial 1,000 Insurance
12/19/2008 Sovereign Bancorp 1,000 Banking
12/18/2008 Omnicom Group 3,145 Media
12/17/2008 Ryder System 3,100 Services
12/17/2008 Western Digital 2,500 Technology
12/17/2008 Aetna 1,000 Health Care
12/17/2008 Parker-Hannifin 46 Capital Goods
12/17/2008 Bristol-Myers Squibb 3,700 Pharmaceuticals
12/16/2008 CBS 30 Media
12/15/2008 Merrill Lynch 400 Financials
12/15/2008 Charles Schwab 100 Financials
12/13/2008 Berkshire Hathaway 345 Finance
12/12/2008 International Paper 2,050 Materials
12/11/2008 Bank of America 35,000 Banking
12/11/2008 Whirlpool 250 Durables
12/10/2008 Mohawk Industries 105 Durables
12/10/2008 Procter & Gamble 320 Household
12/09/2008 Praxair 1,600 Chemicals
12/08/2008 Anheuser-Busch Co. 1,400 Food
12/08/2008 3M 2,300 Conglomerates
12/08/2008 Wyndham Worldwide 4,000 Leisure
12/08/2008 Dow Chemical 5,000 Chemicals
12/05/2008 Legg Mason 200 Financials
12/05/2008 Cablevision 100 Media
12/05/2008 Staples 140 Retailing
12/04/2008 Steel Dynamics 65 Materials
12/04/2008 Windstream 170 Telecommunications
12/04/2008 General Electric 500 Conglomerates
12/04/2008 E.I. du Pont de Nemours 2,500 Chemicals
12/04/2008 AT&T 12,000 Telecommunications
12/03/2008 United Technologies 350 Conglomerates
12/03/2008 Gannett 2,000 Media
12/03/2008 Adobe Systems 600 Software
12/03/2008 Jefferies Group 300 Financials
12/03/2008 Viacom 850 Media
12/01/2008 JPMorgan Chase 9,200 Banking
12/01/2008 PepsiCo 87 Food
11/25/2008 Dana Holding 50 Durables
11/24/2008 BlackRock 10 Financials
11/21/2008 Western Union 200 Business Services
11/20/2008 Bank of New York Mellon 1,800 Banking
11/20/2008 Boeing 800 Aerospace
11/17/2008 Citigroup 52,000 Banking
11/14/2008 Sun Microsystems 6,000 Technology
11/12/2008 Applied Materials 1,800 Technology
11/12/2008 Morgan Stanley 2,000 Finance
11/12/2008 Liberty Media 910 Retailing
11/11/2008 AK Steel Holding 800 Materials
11/6/2008 Mattel 1,000 Household
11/6/2008 MGM Mirage 400 Leisure
11/4/2008 Hartford Financial Services Group 500 Finance
*Total announced layoffs at America's 500 largest public companies as
measured by a composite ranking of sales, profits, assets and market value
since Nov. 1 2008. Includes layoffs at subsidiaries, joint ventures, and
majority owned companies. - Compiled by Klaus Kneale, 02.06.09
companies....It totals over 380,000 people. There is no need to state the stark reality that we are all currently living in. But I like Zig Ziglar, I too believe there is a silver lining to every cloud. Sometimes it's just a little harder to see than at other times!
"Fortunately, problems are an everyday part of our life. Consider this: If
there were no problems, most of us would be unemployed. Realistically, the
more problems we have and the larger they are, the greater our value to our
employer." - Zig Ziglar
From the start of the recession in December 2007 through December 2008, the
total number of mass layoff events (seasonally adjusted) was 23,485, and the
number of initial claims (seasonally adjusted) was 2,394,434. Source: Bureau
of Labor Statistics
Number of layoffs since Nov. 1, 2008, at America's 500 largest public
companies*: 382,691
Date/ Company /Total Laid Off /Industry
2/6/2009 Weyerhaeuser 300 Materials
2/5/2009 Estee Lauder 2,000 Personal Products
2/5/2009 Fortune Brands 136 Consumer Durables
2/5/2009 News Corp. 25 Media
2/5/2009 Allergan 460 Pharmaceuticals
2/4/2009 Time Warner 2,750 Media
2/4/2009 Cisco Systems 2,000 Technology
2/3/2009 Bancshares 500 Banking
2/3/2009 Electronic Arts 1,100 Software
2/3/2009 PNC Financial Services 5,800 Banking
2/3/2009 Comcast 50 Media
2/2/2009 Goodrich 35 Aerospace
2/2/2009 Macy's 7,000 Retailing
1/30/2009 Sears Holdings 300 Retailing
1/30/2009 Caterpillar 22,924 Capital Goods
1/29/2009 Broadcom 200 Semiconductors
1/29/2009 International Gaming Technology 200 Leisure
1/29/2009 Textron 4,665 Conglomerates
1/29/2009 Ford 3,800 Durables
1/29/2009 Eastman Kodak 4,500 Household
1/29/2009 Black and Decker 1,200 Household
1/29/2009 Walt Disney 1,200 Media
1/28/2009 Starbucks 6,700 Restaurants
1/28/2009 Boeing 10,000 Aerospace
1/27/2009 Target 1,000 Retailing
1/27/2009 Masco 600 Construction
1/26/2009 IBM 2,800 Software
1/26/2009 Texas Instruments 3,400 Semiconductors
1/26/2009 Lincoln National 540 Insurance
1/26/2009 General Motors 9,758 Durables
1/26/2009 Home Depot 7,000 Retailing
1/26/2009 Pfizer 19,800 Pharmaceuticals
1/26/2009 Sprint Nextel 8,000 Telecommunications
1/23/2009 Abercrombie & Fitch 50 Retailing
1/23/2009 Deere & Company 662 Capital Goods
1/23/2009 Harley-Davidson 1,100 Consumer Durables
1/22/2009 Microsoft 5,000 Software
1/22/2009 Huntsman 1,665 Chemicals
1/21/2009 Burlington Santa Fe 2,500 Transportation
1/21/2009 UAL 1,000 Transportation
1/21/2009 SPX 400 Conglomerates
1/21/2009 Intel 5,000 Semiconductors
1/21/2009 Walt Disney 600 Media
1/21/2009 Wynn Resorts 53 Leisure
1/21/2009 Eaton 5,609 Capital Goods
1/20/2009 Clear Channel 1,850 Media
1/20/2009 Deere & Co. 160 Capital Goods
1/16/2009 ConocoPhillips 1,300 Oil & Gas
1/16/2009 Hertz Global Holdings 4,000 Business Services
1/16/2009 WellPoint 600 Health Care
1/16/2009 Advanced Micro Devices 1,700 Semiconductors
1/15/2009 Xerox 275 Business Services
1/15/2009 MeadWestvaco 2,000 Materials
1/15/2009 Autodesk 750 Software
1/15/2009 Marshall & Ilsley 830 Banking
1/15/2009 General Electric 1,000 Conglomerates
1/14/2009 Ecolab 1,000 Chemicals
1/14/2009 Delta Air Lines 2,000 Transportation
1/14/2009 Motorola 4,000 Technology
1/14/2009 Google 100 Software
1/13/2009 KeyCorp 200 Banking
1/13/2009 Newell Rubbermaid 75 Household
1/13/2009 Cummins 1,300 Capital Goods
1/12/2009 Mosaic 1,000 Chemicals
1/12/2009 Best Buy 500 Retailing
1/12/2009 Precision Castparts 40 Defense
1/9/2009 Oracle 500 Software
1/9/2009 Smithfield Foods 75 Food
1/9/2009 Freeport-McMoRan Copper & Gold 2,750 Materials
1/8/2009 Union Pacific 230 Transportation
1/8/2009 General Dynamics 179 Defense
1/7/2009 Walgreen 1,000 Retailing
1/7/2009 EMC 2,400 Technology
1/6/2009 Alcoa 13,500 Materials
1/5/2009 Cigna 1,100 Health Care
1/5/2009 United States Steel 4,225 Materials
12/31/2008 Mohawk Industries 160 Consumer Durables
12/31/2008 Tyson Foods 120 Food
12/31/2008 Target 132 Retailing
12/30/2008 Allegheny Technologies 323 Materials
12/30/2008 Motorola 400 Technology
12/23/2008 ULA (Boeing, Lockheed Martin) 172 Joint Venture
12/23/2008 Johnson Controls 125 Consumer Durables
12/23/2008 Las Vegas Sands 11,500 Leisure
12/22/2008 Parker-Hannifin 405 Capital Goods
12/19/2008 Genworth Financial 1,000 Insurance
12/19/2008 Sovereign Bancorp 1,000 Banking
12/18/2008 Omnicom Group 3,145 Media
12/17/2008 Ryder System 3,100 Services
12/17/2008 Western Digital 2,500 Technology
12/17/2008 Aetna 1,000 Health Care
12/17/2008 Parker-Hannifin 46 Capital Goods
12/17/2008 Bristol-Myers Squibb 3,700 Pharmaceuticals
12/16/2008 CBS 30 Media
12/15/2008 Merrill Lynch 400 Financials
12/15/2008 Charles Schwab 100 Financials
12/13/2008 Berkshire Hathaway 345 Finance
12/12/2008 International Paper 2,050 Materials
12/11/2008 Bank of America 35,000 Banking
12/11/2008 Whirlpool 250 Durables
12/10/2008 Mohawk Industries 105 Durables
12/10/2008 Procter & Gamble 320 Household
12/09/2008 Praxair 1,600 Chemicals
12/08/2008 Anheuser-Busch Co. 1,400 Food
12/08/2008 3M 2,300 Conglomerates
12/08/2008 Wyndham Worldwide 4,000 Leisure
12/08/2008 Dow Chemical 5,000 Chemicals
12/05/2008 Legg Mason 200 Financials
12/05/2008 Cablevision 100 Media
12/05/2008 Staples 140 Retailing
12/04/2008 Steel Dynamics 65 Materials
12/04/2008 Windstream 170 Telecommunications
12/04/2008 General Electric 500 Conglomerates
12/04/2008 E.I. du Pont de Nemours 2,500 Chemicals
12/04/2008 AT&T 12,000 Telecommunications
12/03/2008 United Technologies 350 Conglomerates
12/03/2008 Gannett 2,000 Media
12/03/2008 Adobe Systems 600 Software
12/03/2008 Jefferies Group 300 Financials
12/03/2008 Viacom 850 Media
12/01/2008 JPMorgan Chase 9,200 Banking
12/01/2008 PepsiCo 87 Food
11/25/2008 Dana Holding 50 Durables
11/24/2008 BlackRock 10 Financials
11/21/2008 Western Union 200 Business Services
11/20/2008 Bank of New York Mellon 1,800 Banking
11/20/2008 Boeing 800 Aerospace
11/17/2008 Citigroup 52,000 Banking
11/14/2008 Sun Microsystems 6,000 Technology
11/12/2008 Applied Materials 1,800 Technology
11/12/2008 Morgan Stanley 2,000 Finance
11/12/2008 Liberty Media 910 Retailing
11/11/2008 AK Steel Holding 800 Materials
11/6/2008 Mattel 1,000 Household
11/6/2008 MGM Mirage 400 Leisure
11/4/2008 Hartford Financial Services Group 500 Finance
*Total announced layoffs at America's 500 largest public companies as
measured by a composite ranking of sales, profits, assets and market value
since Nov. 1 2008. Includes layoffs at subsidiaries, joint ventures, and
majority owned companies. - Compiled by Klaus Kneale, 02.06.09
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