This is a product that has no brand-name packaging. You usually save money when you buy this type of item, because the shopper doesn’t pay for the extra cost of marketing the product. They are often made at the same factories as name-brand products.
What is generic brand?
Money set aside for unforeseen events such as natural disasters, job loss or home/car repairs
What is an emergency savings?
Is a pool of money managed by an investment company.
What is a mutual fund?
Distribution of investments among several companies to lessen the risk of loss.
What is diversification?
Anything you own that has commercial or exchange value.
What is an asset?
the practice of comparing products and their prices to find the best buy for our needs.
What is comparison shopping?
Things we need to survive
What are needs?
A type of mutual fund that components of the fund track the performance of a financial market index.
What is an index fund?
Financial assets that represent loans to corporations, municipalities, governments or their agencies.
What are bonds?
The possibility of loss or injury.
What is a risk?
A product’s written guarantee
What is a warranty?
Things we could live without
What are wants?
Based on the size of the companies within the index.
What are market cap indexes?
Owning part of a company
What is a stock?
Possibility that an asset will fail to produce a return or will lose value over time.
What is a financial risk?
this is the name of a product or its trademark. A recognizable name helps the shopper judge the product’s consistent level of quality. (e.g.Charmin toilet paper)
What is brand name?
Plan you write down to decide how you will spend your money each month. It helps you make sure you will have enough money every month.
You might run out of money before your next paycheck if you don't have it
What is a budget?
List atleast 3 type of sector indexes
telecom
manufacturing
energy
high tech
pharmaceutical
A marketplace to buy and sell securities such as stocks and bonds.
What is the stock exchange?
The loss of part or all of an investment.
When a saver buys an asset hoping for a capital gain, the market price of the asset can fall,
What is a Capital-loss risk?
What is the poison control number?
what is 1-800-222-1222
A service that depository institutions offer whereby people can deposit their money for future use and earn interest.
What is a savings account?
Small-cap companies have a market value from _______ to ________.
What is $300 million to $2 billion.
Provides a unique identifier by which individual securities can be researched and traded.
What is a ticker symbol?
How long you can leave your money invested.
What is time horizon?