Stocks Basics
What is splitting your money across different investments to lower risk called?
Diversification
What is an emergency fund?
Money set aside for emergencies
What company did Jeff Bezos start?
Amazon
What is inflation?
You buy an orange for 2 dollars and an apple for 3 dollars, how much did you spend?
5 Dollars + tax (jk you did not have to say tax)
What is the collection of the top 500 market cap companies on the stock market called?
S&P 500
What is the number that represents a person's ability to pay back loans and debt called?
Who is the richest man on earth?
Elon Musk
What does GDP stand for?
Gross Domestic Product
If you invest 1000 dollars at 10% interest annually, how much would you have in one year?
1100 Dollars
Are stocks cool?
Should you save money? :)
Yes (or invest it)
What is Elon Musk's net worth? (Get within 100 Billion Dollars)
414.6 Billion Dollars
What is the difference between an import and export?
Export - when you sell to other countries
Import - when you buy from other countries
If a stock goes from 150 dollars to 210 dollars, what is the percent change?
40% Increase
What is a fund that splits your investment across hundreds of stocks for you called?
An Index Fund
What is the difference between a debit and credit card?
Debit card - takes money from bank account
Credit card - borrows money to be repaid
How much debt does the government have? (get within 10 Trillion Dollars)
36 Trillion Dollars
What is an ATM?
A machine that lets you deposit and withdraw money without going to a bank
If the state tax is 5%, and you spend 80 dollars on a steak dinner, how much will the bill be?
84 Dollars
When does the Stock Market open and close here in the US?
Opens at 9:30am and closes at 4:00pm
What is the 50 30 20 Budgeting Rule?
50% towards needs, 30% towards wants, 20% towards savings
Does the US have a progressive, regressive, or proportional tax system?
Progressive Tax System
What is opportunity cost?
The value of the next best alternative that you give up when making a decision
If you invested 1000 dollars at a 20% interest compounded annually, how much money would you have in 3 years? (get within 100 dollars)
1728 Dollars