Welcome to WALL STREET
You're welcome to purchase one of these and have part ownership of a company that is publicly traded.
What is stock/share?
In this type of retirement account, you do not pay taxes as you invest, but upon retirement, you pay taxes as you withdraw your money.
What is a traditional IRA?
Investing all your money in one stock is like this phrase that refers to depending your success on one single thing.
What is "putting your eggs in one basket"?
In 1547, he became the 1st Tsar of Russia.
Who is Ivan IV (Ivan the Terrible)?
This is the amount you should save in an INITIAL emergency fund.
What is $1000?
Some companies offer this to it's shareholders. It gives shareholders a distribution of the companies profits.
What is a dividend?
This is the recommended retirement account, as you don't pay taxes when you withdraw your money during retirement.
What is a Roth IRA?
Many companies offer this which refers to a percentage they will contribute to your retirement account.
What is a company match?
The caesar salad was invented in this year.
What is 1924?
What is a bank account?
This is the time frame that the stock market is officially open.
What is 9:30 am - 4:00 pm ET?
A solid goal is to invest roughly this percentage of your income into retirement savings.
What is 10 - 15%?
This is a federal program in the U.S. that provides retirement benefits to qualified people.
What is Social Security?
This is the name of the currency used in Japan.
What is the yen?
This is the amount that should be saved in a fully funded emergency fund.
This index fund averages out the 30 biggest companies on the market. It is often used as a marker of how the market as a whole is doing.
What is the Dow Jones Industrial Average?
In 2021, this was the most an individual can contribute to a Roth IRA.
What is $6000?
A 403B is a company-sponsored retirement account for these types of companies.
What are non profit companies?
This is the number of dimples on the average golf ball.
What is 336?
This refers term is used to describe a portfolio that is invested in a variety of stocks and bonds.
What is diverse/diversification?
This is the name of Warren Buffett's billion-dollar company.
What is Berkshire Hathaway?
The "m" in the compound interest equation stands for this.
What is "# of times it is compounded annually"?
Starting your retirement young helps you take advantage of this which helps you earn interest on your interest!
What is compound interest?
This was the score of CFP National Championship Game between Michigan and Washington last January.
What is Michigan 34, Washington 13?
This is the name of Warren Buffett's investment strategy.
What is value investing?