SIFD Review

Stock Capitalizations

100

These companies are the biggest and often the safest

Large Cap

200

These stocks are the smallest and riskiest

Penny Stocks

300

What is the range for mid-cap stocks

$2 billion - $10 billion

400

Stocks with capitalization ranges of $250 million - $500 million

Micro Cap

500

Stocks with capitalizations over $100 billion

Mega Cap stocks

Stock Info

100

Buying stock in a company is basically paying for a small piece of _____ in that company

Ownership or Equity

200

A stock market that is declining in value

Bear market

300

Ways to make money in a stock include growth in value or ...

Dividends

400

Stocks that gain or lose value based on market fluctuations are called... 

Common stock

500

A stock gains twice the shares but cuts its price in half

Stock split

Retirement Accounts

100

This retirement account is funded with after-tax dollars

Roth IRA

200

This retirement account features an employer match option

401(k)

300

The age at which you can take money out of a retirement account without tax penalty

59.5

400

This plan is for people who work in a taxpayer-funded organization

403(b)

500

When you take money from a job-based retirement plan and put it into a traditional IRA

Rollover

Bank Accounts

100

A bank account that will store your money, and let you have it whenever you want. It'll pay you little to no interest.

Checking account

200

A bank account that is not liquid, but it will give you the highest interest rate. 

Certificate of Deposit (CD)

300

A financial institution owned by its members, and not shareholders

Credit Union

400

The part of a check that states what the check is for

Memo line

500

The amount of money that is guaranteed to be safe in a bank account by the FIDC

$250,000

Paychecks

100

6.2% of my gross income gets taken out for ___ tax (money for older folks)

Social Security

200

The total amount of money that I earned

Gross Pay

300

I get paid the same amount each paycheck no matter how much I work

Salary

400

After I work 40 hours at a wage job, I make 1.5X or 2X my usual money per hour during ____ hours. 

Overtime

500

Social Security and Medicare taxes are called...

FICA taxes

Money Stuff

100

Specific things we want to accomplish in our near and distant future

Goals

200

The silent thief. Prices rise 2-4% each year. Things get more expensive every year and we often don't notice

Inflation

300

I spend money now instead of saving it and letting it grow in the future. The amount I'm missing out on is the...

Opportunity cost

400

The ability to convert items or accounts into cash easily

Liquidity

500

Einstein said humankind's greatest invention is...

Compounding interest