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Americans prefer cash for long-term goals

Survey: Stocks still spook many shaken investors

10:20 PM, Aug. 2, 2013
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Ask the average person for the best investment for a long-term goal, and you'll get an answer that will stupefy a financial planner: cash.

Cash was king for long-term investment goals, according to a survey by Bankrate.com - despite the fact that the average money market mutual fund yields 0.01 percent, and the average five-year bank CD yields 0.78 percent.

More than a quarter - 26 percent - of those asked said they favor cash as the best long-term investment, the Bankrate.com survey said. Other favorites: real estate, 23 percent; gold, 16 percent; and bonds, 8 percent. Just 14 percent chose ...

What's your take on the Packers Family Night change?

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Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports