Stocks
What is a stock?
Part ownership (share) in a company
This is the term for not "putting all of your eggs into one basket."
Diversification
This is the term for when an employer put a specified amount of money into an employee's 401(k) fund at a specified rate.
Matching
I hear everyone is buying stock in this new company that is supposed to be the "next best thing." I have a chance to buy it right now. Should I do it?
No. Always do your research
What tax form is to be completed by April 15 to properly file your taxes.
1040 Form
What does NYSE stand for?
New York Stock Exchange
Which has a higher rate of return: Savings or Investing
Investing
What does ROI stand for?
Return On Investment
Yes. It is free money!
What is the range of credit scores, from lowest to highest.
300-850
True or False. Tracking the performance of a stock for a short period of time will give you a clear idea of how it will perform in the future.
False
Why should you put your money into multiple investments, instead of just one?
Diversification - to make sure your higher performing investments can cover your lower performing investments to still make a profit
This is a loan made to a company or government with a guaranteed interest rate.
Bond
I have a chance to put all of my money into this great investment that has been giving a return of 15% for the last 10 years. Should I do it?
No. Never put all of your money into one investment. Diversification is the key.
This is a physical or virtual record of transactions in your checking account that you keep track of.
Check or Transaction Register
True or False. Large Cap stocks will give you a higher return in a shorter amount of time.
False
How often should you check your investments to makes sure they are performing how you want them to?
Once a year
This is a fund that takes multiple people's money and invests in multiple assets through a professional investment individual or company.
Mutual Fund
I need a steady investment that I can count on for my retirement. A friend of mine said I should look into buying bitcoin. Should I do it?
No. The market for cryptocurrency fluctuates so much it would not be a safe, long-term investment
This is the form you fill out when you get a job to tell your employer how much tax to take out of your check.
W-4 Form
If you bought 10 shares of stock at $25 per share and sold them for $15 per share, what is your profit or loss?
$100 Loss
Stocks, Bonds, Mutual Funds, Index Funds, Property
Real Estate, Gold, Antiques, Classic Cars: What type of investments are these?
Hard Assets
I bought a 3 year bond from a company with a 3% interest rate. I have a chance to leave the bond for longer than 3 years to see if I can make more interest. Should I do it?
No. The interest rate may fluctuate and you can lose lose interest.
Which savings account will earn the most interest?
Savings Account, Certificate of Deposit, Money Market Account
Certificate of Deposit (CD)