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"?
This city is the capital of Greece.
What is Athens?
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 match?
This is the date Mr. Meyaard was born.
What is September 12, 1998?
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?
Ultimately, your goal should be to save this percent of your income into retirement.
What is 15%?
This is a federal program in the U.S. that provides retirement benefits to qualified people.
What is Social Security?
This is the current President of France.
Who is Emmanual Macron?
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 name of Mr. Meyaard's dog.
What is Sunday?
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 stock symbol for Apple.
What is AAPL?
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 2023 Rose Bowl game between Alabama and Michigan.
What is Michigan 27, Alabama 20?
This type of investment pools money from many people and is managed by a professional, often resulting in a diversified portfolio of stocks and bonds.
What is a mutual fund?