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The New DU. Reply #42: Diversity is the key to financial security
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bleedingheart
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Fri Dec-09-05 02:42 PM
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| 42. Diversity is the key to financial security |
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Paying off your home
Putting cash in the bank both in savings and CD's
Having some money in 401K or stocks
...etc
Social Security is the safety net so that if all of the above aren't done...you might freeze but you won't starve...since it isn't going to pay out a whole lot.
Now I think it is really foolish to put it in the market because it reduces your diversity....but that is me...and I am no econ major.
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