Personal Finance Pt 1

Question 1

Early Saving Target %

Answer 1

15% of pre-tax income

Question 2

Asset Allocation

Answer 2

100-age in stocks, the rest in bonds

investment goals, financial status, risk appetite determine how distribute assets

Question 3

Priority Pyramid

Answer 3

1. save
2. allocate
3. select assets

allocating and saving are the most important to generate long-term wealth

Question 4

Protecting against inflation

Answer 4

invest in things that go up in price like gold, energy products

Question 5

Home ownership tax benefit

Answer 5

interest you pay on a mortgage is tax deductible

Question 6

Credit score

Answer 6

better score means you are a better credit risk and pay lower I

Question 7

Median FICO

Answer 7

723

Question 8

Mean FICO

Answer 8

678

Question 9

FICO range

Answer 9

300-850

Question 10

Fundamental Analysis

Answer 10

revenue growth, competitive position, and other economic fundamentals