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Taking the Mystery Out of Diversification

by Carrie Schwab Pomerantz

Dear Carrie: Can you speak more on diversification and especially on asset classes? What exactly are they, and how should we spread our money out? I have come into an inheritance of about $200,000, most of which is in a money market for now. I am 55, what should I do with it to finance my retirement? — A Reader

Dear Reader: This is a good question because it touches on two really important concepts — diversification and asset allocation. It's also a good question because, e ...

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