Investments
What are Stocks?
Very Small ownership in a company
What is Compound Interest?
Interest on top of Interest
What is Gross income
Gross income is how much you earn
How much do you need to put a down payment on a house?
10-20%
Who's our school principal
Mr Daily
What is a Bull and Bear Market
Bull Market the economy is good. Bear Market the Economy is bad
What is Social Security
Required by the Government, you pay ss tax through your working career
What is Net Income
How much money you keep
What is a Bond?
You lend money to the government in return they pay interest
What does KOFA stand for
Kings of Arizona
Whats the Stock Exchange?
Where stocks are Bought and Sold
What is a Pension
employer regularly pays a former employee a fixed recurring income
What is the IRS
Tax Collection Agency in the USA
How should you invest?
Invest based on time, risk tolerance, financial goals.
Where does Reggie work at
Texas Road House
How does someone make money on stocks?
Buy low Sell High
What is the Difference between Roth and Traditional IRA
Roth you pay taxed when you deposit. Traditional IRA you get tax deductions taxes when withdrawing
When is Tax day?
April 15th
How long is a Grace period?
21 days till you start being charged interest.
Whats Mr Diehl's Favorite color
Blue
What is a Low risk investment and a High risk investment?
Bonds and Stockmarket
What Investment type does Mr.Diehl not receive?
401k
The first time a stock is sold to the public
What is Ideal credit to Debt ratio?
30%
Where does Dani Work at
Clean Freak