Taking Risk More Seriously

With the current turmoil in the markets, I have decided to take some basic steps to reduce risk (without touching our investment portfolio or asset allocation). One of the important steps I am taking is to make sure that all FDIC insured accounts remain under the $100,000 maximum insurance limit per individual account. To achieve this I moved some money around from HSBC to ING. Even though ING is paying a lower rate, in this kind of environment, staying under the insurance cap is probably a good strategy.