Vocab
an index that contains 500 different stocks that reflect increases or decreases in value for the U.S. stock market as a whole
S & P 500
An expense that doesn't change every month is
Fixed
Which age group should make riskier investments
Younger professionals
a curated collection of physical items, work samples, financial assets, or responsibilities
Portfolio
What is a word that means the opposite of another word called?
Antonym
the process of selling stock that an investor does not actually own but has borrowed from a brokerage firm and will repay at a later date
Selling Short
Making money on an hourly basis is changing how much you make, making it _________
Variable
You can either make aggressive investments or ___________ investments
Conservative
In order to mitigate risk, you should ___________ your investment portfolio
Diversify
What is the next prime number after 17?
buying a stock with the expectation that it will increase in value and then can be sold at a profit
Buying long
Explain how a credit card works
Up to cherry
the practice of dividing an investment portfolio among different categories of investments—such as stocks, bonds, and cash—to balance risk and reward
Asset allocation
DOW Jones is one way to measure the market, what is the other popular one?
S&P 500
What year was the Great Depression
1929
is the division of each outstanding share of a corporation’s stock into a greater number of shares.
Stock Split
If you do not pay your credit cards on time and in full your balance will raise due to ____________
Interest
Describe what it means to be liquid in terms of finance
having a lot of cash on hand to spend
How many points did the Dow Jones drop during COVID
3,000
Which artist is famous for painting The Starry Night?
current market value of a mutual fund’s portfolio minus the mutual fund’s liabilities, divided by the number of outstanding shares
Net Asset Value
A % of sales that the salesman gets to keep is called ____________ and is a _____________ form of income
Commission and Variable
What is the average annual return percentage on aggressive investments (mostly stocks)
8%
What is the percentage breakdown for investments as an aggressive investor? Stocks __%, Bonds __% and cash ___%
80, 15, 5
Who is Mr. Cherry's all time favorite animated character
Uncle Iroh