WRTL #1
Explain financial literacy in your own terms
Similar to - Having the financial knowledge and skills to make informed decisions about money
Which of these items is a need and which is a want?Clothes or Eating Out
Clothes is a need and eating out is want
Define/explain one new financial term you learned today
answers vary
Which of these is instant, and which is delayed gratification?
A. Spending all your chore money on small treats each week.
B. Saving your chore money for several months to buy a gaming console.
A is instant and B is delayed
What is investing, and why do people do it?
Investing is giving money to another person or company under the expectation that you will get more money back later. People invest because there is a chance that they will get much more money back in return.
Explain one new term or concept you learned today
answers vary
What are the two stocks we talked at and looked at their graphs today?
Snowflake (SNOW) and Google (GOOG)
What is a stock symbol?
The 4-letter abbreviation of a company, ex. SNOW or GOOG
Why is diversification important?
To reduce the risk of losing a lot of money, because if you allocate all your money in one company and it does not perform well, your portfolio will suffer
Finish the statement: higher risk...
higher reward