investing
What is investing?
What is money invested in stocks, real estate, assets, or other items that make a return profit.
what does speculation in finance typically involve?
High-risk transactions for potential large profits
whats gambling
wagering money on something of value in an event with uncertain outcome. It is not guarantee your going to win but you hope you do.
What does PYF stand for?
Pay Yourself First
What are stocks?
What is Stocks are publicly traded shares of companies that increase or decrease with the companies growth.
what is the main goal of a speculator in the stock market
to buy low and sell high
what are 2 types of gambling
casino gambling and lottery and raffles
Why is it important to Pay yourself first?
To buy the necessity like Groceries and Things for yourself.
What is real estate?
What is land or assets built on real land at a fixed price that can be rented out or sold to generate profit.
how does speculation differ from long-term investment
speculation is based on short-term price predictions
what kinds of risk does it have?
can cause debt problems, stress, anxiety and possible depression and addiction
Why don't you spend your whole pay check on bills?
Because there is no money for you nessesitys.
What is cryptocurrency?
What is Cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithm.
which phrase best describes the strategy behind speculation
buy low and sell high
About 1-3% of people have a gambling problem
Online gambling is starting to be a popular thing
Some states have laws to prevent gambling addictions
What should you do before spending your money on wants?
set aside money for saving investments, essential needs first.
What is a bond?
What is a bond is a loan that is paid to a corporation or government that promises to pay it back at a certain date with interest.
why is speculation considered risky?
It depends on unpredictable price movements
what were the key elements?
risk/uncertainty
Stake/something of value
Potential reward
Who was the person that was on the slide?
Abby Lee Miller.