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Economics > Personal Finances Chp 2 > Flashcards

Personal Finances Chp 2 Flashcards

1
Q

KISS

A

Keep it simple stupid

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2
Q

Never invest purely for:

Never invest using

A

Tax savings

Borrow money

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3
Q

Spread around

A

Diversification lower risk

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4
Q

Combined assess of the investments company institutes

A

$12,356

8015 mutual funds since October 2007

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5
Q

% of teens know how to invest money to make it grow

A

22%

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6
Q

% of teens report that their main reason for savings is to have enough money for long term future plans

A

51%

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7
Q

% of teens have a stocks investments in an account that is held in their name

A

12%

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8
Q

SEC

A

Securities exchange commission

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9
Q

Sec

A

Is the government agency regulating the stock market

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10
Q

Sec crested?

A

1934 to increase public trust

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11
Q

With virtually all investments

A

As the risk goes up so does the potential return.

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12
Q

Discussing investments blank is availability

A

Liquidity

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13
Q

As there is more liquidity there is typically

A

Less return

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14
Q

ACD

A

Is a certificate of deposit typically at a bank

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15
Q

Money market mutual fund are

A

Low risk money makers account with checking privileges

Great for emergency fund

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16
Q

Single stock investing carries an extremely

A

High degree of risk

17
Q

When you buy stock you are buying a small piece of

A

Ownership in the company

18
Q

Your return comes as the company increase in

A

Value or pays you some of the profits dividends

19
Q

Bond

A

Is a debt instrument by which the company owes you money

20
Q

Your return is

A

The fluctuation in price and the interest rate paid

21
Q

Investors pool their

A

Money to invest

22
Q

Portfolio managers manage the

A

Pool or fund

23
Q

Your return comes as the value of

A

The fund is increased

24
Q

Mutual funds are

A

Good long term investments

25
Q

You should ha e lots of blank before using real estate as an investments

A

Cash

26
Q

Annutities

A

Are savings account with an insurance company

27
Q

Fixed annuities

A

Are at a low interest rate of around 5%, arentreally fixed and are a bad investment

28
Q

Variable annuities

A

Are mutual funds sheltered by the annuity covering thereby allowing the mutual fund to grow tax deferred

29
Q

Horrible investments

A

Gold
Commodities & futures
Day trading
Viaticals

30
Q

Mutual fund ( are properly diversified will have investments dollars spread among 4 financial assets)

A

25% international
25% aggressive growth
25% growth
25% growth and income

Economics (19 decks)

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