For investors wondering whether they should dump their stocks because they need the money, I have only this to say: If you need

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问题     For investors wondering whether they should dump their stocks because they need the money, I have only this to say: If you need the money today, you should have sold years ago. That advice holds whether the market is up or down. Even though a lot of novice investors claim they are in stocks "for the long haul", that often turns out to be nonsense. It is easy to be brave and keep buying during a bull market. But what if we’re in for mediocre stocks market gains for the next 10 years?
    For some people, drops as steep as we’ve seen in Asian markets in recent months are too much to take physically. I’m a big believer in the sleep-at-night theory. No investment is worth keeping if it robs you of your sleep. If you can’t stomach 50 percent losses in your stock portfolios, get out now and save yourself a heart attack. You may not buy that mansion in Spain, but you’ll live to see your granddaughter’s graduation. Even if you sleep soundly, the prospect of a potentially prolonged bear market begs the most basic investment question: Why do you own the stocks that you do? Now, a few simple rules of investing apply:
    If you own stock in a company, but don’t know what it actually does to make a profit, you can have only yourself to blame if the share price plunges.
    If your company doesn’t make money and has no reasonable prospect of doing so soon, sell. Buying things that have no intrinsic value is fun with, say, baseball cards. But this is real money we’re talking about. Earnings and dividends paid out to stockholders are the only things that can tell you in the long term whether owning a stock is worthwhile.
    Most importantly, if you need the money in the next three to four years, look into buying bonds, either individually or through a mutual fund. Stocks in good businesses that are well run will eventually rise and outperform bonds, but maybe not as fast as you might need them to. Even if you plunge into the stock market without being precisely sure why, it’s never too late to think about your holdings. Remember, the worst stocks not only keep falling but can approach zero. The biggest losers are those who refuse to jump off what is clearly a sinking ship. They die proud and valiant deaths, but they’re dead in the water all the same.
The warning against stock investment results from

选项 A、the potential prolonged bear market.
B、the wish to see granddaughter’s graduation.
C、its damage to people’s health.
D、the basic question of investing rules.

答案C

解析 对股票投资的警告源于[A]熊市有延长的可能性。[B]看到孙女毕业典礼的愿望。[C]它对人体健康的威害。[D]投资原则的基本问题。如果考生不能从题干中找到解答题目的原文信息点,那就要从答案中入手,看看这些信息都出现在原文哪些地方,再根据上下文作答。根据选项中的重点信息potential prolonged bear market,see granddaughter’s graduation和basic question可以找到它们都出现在第二段,再综合阅读此段。首句指出:有些人的身体无法承受股市的起伏,然后作者建议马上停止投资。接下来,作者分析了这样做的好处是:延年益寿,能看到孙女的毕业典礼。可见作者对于谨慎投资的建议源于股票对人体健康的危害。这正是[C]的内容,而[A]、[B]、[D]均为第二段的细节,与题干无关。
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