Investing
A/n ________ is a basket of securities such as stocks that tracks an underlying index. A/n ______ is a marketable security meaning it can be bought and sold since it has a price associated with it. It can contain all types of investments including stocks, commodities, or bonds.
Exchange-Traded Funds (ETFs)
What does IRA stand for with respect to personal finance?
Individual Retirement Account
A credit card is an example of this type of credit.
revolving
What is a CPA?
certified public accountant
Like most _______ Index funds, VFINX is best suited for long-term investors with a moderate to high degree of risk tolerance seeking exposure to the U.S. large-cap equities market. Since VFINX has a minuscule tracking error and a low expense ratio, it is an attractive core holding for an equity portfolio.
S&P 500
What type of IRA can a person open that will be funded with after-tax dollars?
Roth
What is a HELOC?
home equity line of credit
What does COLA stand for when referring to wages?
cost of living adjustment
The ______ refers to encrypted online content that is not indexed by conventional search engines. Criminals can exchange stolen financial and private data, and other illegal content here.
dark web
A _________ fund is a type of investment vehicle consisting of a portfolio of stocks, bonds or other securities, which is overseen by a professional money manager. Long a favored choice for retail investors, _________ have both advantages and disadvantages compared to other asset classes.
mutual funds for actively managed funds
Of the two major types of retirement accounts (401K and IRA), which one is only offered by an employer and cannot be opened by an individual.
401K
Mortgages, auto loans, and student loans are examples of this type of credit.
Installment loans
What causes your purchasing power to erode if you do not get a raise from year to year?
inflation
Chapter ____ refers to a U.S. bankruptcy proceeding in which the debtor undertakes a reorganization of his or her finances under the supervision and approval of the courts.
13
A _______ coefficient is a measure of the volatility, or systematic risk, of an individual stock in comparison to the unsystematic risk of the entire market.
beta
What is the acronym for the relatively new movement whereby individuals are striving to retire earlier than their mid- to late- 60s.
F.I.R.E.
_______ debt is any debt backed by an asset for collateral purposes.
Secured
A professional who assesses and manages the risks of financial investments, insurance policies, and other potentially risky ventures.
actuary
_______ is a non-competitive, secret and sometimes illegal agreement between rivals which attempts to disrupt the market's equilibrium. The act of _______ involves people or companies which would typically compete against one another, but who conspire to work together to gain an unfair market advantage.
Collusion
The _________ is one of the most widely-used stock analysis tools used by investors and analysts for determining stock valuation. In addition to showing whether a company's stock price is overvalued or undervalued, it can reveal how a stock's valuation compares to its industry group or a benchmark like the S&P 500 Index.
price-to-earnings ratio or P/E
This type of fund is offered by an investment company that seeks to grow assets over a specified period. The structuring of these funds addresses an investor's capital needs at some future date.
Target-date
A _________ typically has the lowest interest rate of any consumer loan product, and the interest is tax deductible for those who itemize their taxes.
mortgage
_________ are typically targeted toward specific industries, though some are more generalized. They are a great way to talk with many organizations in one day. Bring a number of resumes and be ready to sell yourself. Consider any conversations with recruiters as mini interviews that can set you apart from other applicants. Some organizations may even offer on-site interviews to candidates that match their requirements.
Job fairs
A type of mortgage insurance that buyers are typically required to pay for a conventional loan when they make a down payment that is less than 20% of the home's purchase price.
PMI or private mortgage insurance