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  • Not vetted for CNN

  • Posted August 5, 2008 by
    blossom
    Assignment
    Assignment
    This iReport is part of an assignment:
    Are you a Millionaire in the Making?

    More from blossom

    Rhino phobia (Fear of Cash)--A Bad Disease for an Investor

     
    Rhinophobia is an investor’s disease: the dread of having any cash. The rhinophobic feels that all of his or her ’’stock money’’ must be fully invested at all times. Let’s say you are an individual investor and have settled on an asset allocation of 60% stocks and 40% bonds. If your total investable money is $100,000, then $60,000 is your ’’stock money.’’ Question: Should all of your stock money always be invested in stocks? If you answer "Yes," you have rhinophobia and should see a doctor. Or just read the rest of this article. Because the better answermore likely to keep you financially healthyis "No." Read more

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