Types of Investments
Stock
This type of retirement can be used when you are 66 years old, and almost every worker in the US is a member.
Social Security
Over the last 60 years, what has the stock market averaged?
10%
Why is insurance part of a good financial plan?
Protects you from disasters.
What animal represents a good market?
Bull
A loan of money to a business or government that is paid back with interest over time.
Bond
This type of retirement account is issued by a company and they
"match" your contribution.
401(K)
Name 3 of the 6 largest companies in the US.
Tesla
Apple
Microsoft
NVIDIA
Google (Alphabet)
Amazon
Meta
What is the maximum amount of money insurance will cover in a given year called?
Deductible
What animal represents a bad market?
Bear
A collection of the 500 largest companies
S&P 500
This type of retirement allows you to invest on your own NOW, and not pay taxes until later.
Traditional IRA
When should you start investing in the stock market?
As soon as possible
What is the amount YOU have to pay before the insurance starts to kick in?
Deductible
Average rate of inflation increase
2-4%
Saving certificate with a fixed saving period and fixed interest rate.
CD
This type of accounts lets you invest on your own NOW, but you pay taxes NOW.
Roth IRA
Name 3 important criteria in evaluating a stock.
5 year growth
10 year growth
Member of the S&P 500
Beat Earnings
Future Outlook
Analyst Rating is higher
Protecting ships from disaster during the age of exploration
If I get 10% on an investment, how fast will it double?
Every 7.2 years
If I wanted to invest in the S&P 500, what Index Fund would be a good one to invest in? (Hint: We all invested in it)
VOO
This type of retirement account is used by Teachers, Police Officers, and Firefighters.
Pension
When dividends and growth work together to help your investments gain value faster and faster.
Compound Interest
Monthly, Semiannually, or yearly amount paid to maintain insurance coverage.
Premium
Are 401K contributions made before taxes, or after taxes? And should you include these contributions in your 50/30/20 budget.
Before, and no